Legal

How Acepyr's economics work

The testnet token has no value and cannot be bought. The mainnet buyback-burn is an intention with no parameters set, not a promise.

Acepyr Legal

Version v3.1 · Effective August 18, 2026

This page explains where value does and does not exist on Acepyr: what the testnet token is, what the future mainnet token would be, and where Acepyr's money comes from. It removes the enterprise data-licensing revenue-share model described in prior versions entirely (see §6).

Read this first

Testnet $ACEPYR has no value. It is a representative unit that lets you use the Platform. It cannot be bought, there is nothing of value to redeem it for, it confers no ownership and no claim on anything, and it may never have any value.

Everything below about a future mainnet token describes an intention, not a commitment. No conversion ratio has been set. The plan may change or be cancelled.

Nothing on this page is an offer to sell, or a solicitation to acquire, any security or financial instrument. Nothing here is financial, investment, legal, or tax advice.

1. What testnet $ACEPYR is

A representative currency. A scoring unit. A way to keep track of what you did on the Platform.

You earn it by participating: predicting, forecasting, being right. You use it to take positions in Markets. Your balance is a record of your contribution during testnet.

Testnet $ACEPYR also exists as a token on Base Sepolia, a public test network, at contract 0xFA9D3ad93D1086008F9E548478bd0b87aCbBdD74. With a linked wallet you may deposit that token to Acepyr, which credits your balance once it is verified on-chain, or redeem your balance back out to your linked wallet. Acepyr holds every user's tokens together in one custodial distributor wallet, so there is no per-user on-chain balance; the balance you take positions with is the Platform record, and taking a position is not a blockchain transaction and mints nothing. Base Sepolia is a test network — the token there has no monetary value, nothing is deployed to Base mainnet, and none of this creates any way to buy testnet $ACEPYR.

What it is not:

NotBecause
A cryptocurrency of any valueYour spendable balance is a Platform-recorded point balance, and the matching Base Sepolia token is a test-network token worth nothing
A securityIt confers no ownership, no profit share, no claim on Acepyr
Currency or moneyIt buys nothing, from us or anyone
An investmentIt cannot be purchased, and expecting profit from it is a mistake
Redeemable for anything of valueRedeeming moves the same valueless test token to your own wallet; there is nothing of value to redeem it for
PurchasableThere is no way to buy it from Acepyr, at any price, ever

You cannot buy testnet $ACEPYR. No amount of money improves your position. This is deliberate and structural: it is what keeps testnet participation from being a wager or an investment.

2. How you earn it

By using the Platform: making predictions, taking positions in Markets, being accurate over time, and contributing to the community.

There is no data-licensing opt-out that costs you points, because there is no data licensing. Nothing you grant is sold or licensed to anyone, and declining costs you nothing on that account.

Some optional features do ask for information before you can use them. Linking a wallet asks you to answer a short set of background questions, and completing them is how the wallet link finishes. A linked wallet is in turn what lets you join the mainnet waitlist, which is one of the ways a referral counts. So while no permission is bought or sold, declining an optional feature does mean you don't use that feature — and a few earning paths run through those features. Nothing you decline reduces what you have already earned.

3. The future mainnet token: intention, not promise

Acepyr intends to launch a mainnet $ACEPYR token. Read this section as a description of a plan, with every uncertainty stated.

3.1 What mainnet $ACEPYR would be

An ownership token: a tradeable claim on the success of the platform and the business behind it.

It would deliberately not be a chip. You would never bet in $ACEPYR, never win or lose it inside a market, and never need it to use the Platform. The Platform is designed to run on USDC, the money you'd bet with. $ACEPYR is what you'd own.

Holding it would be like holding a company's stock: not the same as holding the currency its customers pay in. Different instrument classes. They never collide.

3.2 It is designed as a probable security

Stated plainly, because you should know: mainnet $ACEPYR is designed on the assumption that it is a security. A floating token whose value derives from the efforts of others is, on the conventional analysis, probably a security.

That assumption has consequences: KYC on distribution, registration or an exemption, and jurisdictional limits on who can receive it. Acepyr treats these as design constraints, not obstacles to route around.

3.3 The whole value engine: buyback-burn

If mainnet launches, the entire mechanism connecting the business to the token is one thing: a disclosed, rules-based buyback-burn.

How it would work:

The Platform earns USDC revenue, principally a small rake on market volume, plus revenue from Acepyr's own data and agent products.

Part of that revenue pays for the business: servers, salaries, operations, market-making subsidy.

A disclosed percentage of revenue would be used to buy $ACEPYR on the open market and burn it.

Supply shrinks. Remaining holders own a larger share.

Burning is not spending. The buyback pays for nothing; it is a return to owners, structurally analogous to a corporate share buyback.

Two phases:

  • Phase 0: mainnet $ACEPYR exists on Base; the buyback is DORMANT. No revenue is routed to it.
  • Phase 1: the buyback activates when revenue is material.

3.4 What is NOT decided

Do not infer numbers that don't exist.

ParameterStatus
% of revenue routed to buyback⚠️ NOT SET, under calibration
Cadence of execution⚠️ NOT SET
Activation trigger for Phase 1⚠️ NOT SET
Testnet → mainnet conversion ratio⚠️ NOT SET, see §4
Conversion eligibility⚠️ NOT SET
Genesis supplyWorking figure of 1,000,000,000; not final
Cap table / vesting⚠️ OPEN
Whether mainnet launches at all⚠️ NOT COMMITTED

4. Testnet → mainnet conversion

Acepyr intends, in good faith, to bridge testnet contributions to mainnet $ACEPYR if and when mainnet launches.

Every one of these qualifications is real:

  • Not guaranteed at any ratio. No ratio has been set. Any number you have seen or heard is illustrative and non-binding.
  • Eligibility is not defined.
  • Timing is not defined.
  • The ratio, eligibility, timing, and mechanics are subject to governance decisions, legal counsel review, and technical constraints.
  • Acepyr may modify or cancel the conversion plan entirely before mainnet launch.
  • Mainnet may never happen.

Your testnet balance is a record of contribution. It is not a claim, not an entitlement, and not an asset.

5. Where Acepyr's money comes from

Honest answer, testnet phase: it doesn't, yet.

There is no revenue during testnet. The Platform is funded by Acepyr. Testnet exists to test and harden infrastructure before mainnet.

The intended future model:

SourceStatus
Rake on market volume (USDC)Planned, mainnet
Data and agent products, Acepyr's own, built in-housePlanned
Enterprise cohort data licensingREMOVED, see §6

6. What changed: no data sale

Prior versions of this page described an enterprise cohort data-licensing business, and a planned revenue-sharing model returning a share of licensing profit to members in USDC.

That model is withdrawn. It is not part of Acepyr's plan.

  • We do not sell member data. No cohort licensing, no data buyers, no Data Use Agreements.
  • There is no revenue-share program, planned or otherwise, tied to data licensing.
  • Any prior statement describing one (in a previous Economics page, a Data Use Agreement, a wallet-consent page, or a privacy policy) is withdrawn and does not apply to you.

Your behavioral data is used by Acepyr, for Acepyr's own product and research. Not sold. Not licensed. Not shared. See the Privacy Policy.

Nothing was promised to you under the old model, and nothing is owed to you under this one. The prior revenue-share was explicitly "not in effect, not a promise of payment": it never paid anyone, and it never will.

7. Prizes are not economics

Acepyr may award tournament or contribution prizes of real value at its discretion.

A prize is a discretionary award: not a return on testnet $ACEPYR, not revenue-sharing, not an entitlement, and not a distribution. See the Official rules.

8. What to take away

  1. Testnet $ACEPYR has no value and may never have any.
  2. You cannot buy it. Participation is the only way in.
  3. Mainnet is an intention. Conversion is not guaranteed at any ratio, and no ratio exists.
  4. The future token is designed as a probable security, with the constraints that implies.
  5. Your data is not for sale, and no revenue-share is owed to you.
  6. If you're here expecting a payout, you've misread this page. Please re-read §1 and §4.

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