Part IV · Proposal
Chapter XI
Business plan
Plan of record · listed print · 11 September 2026
Business Plan v0.20 is the plan of record for the index publisher. This chapter does not restate it. The teaching text stays Chapters I–X; the commercial rows live on the adopted plan, in the board pack.
The publisher sells a signed print so that venues can list and settle wrappers without each writing a formula. That is the contribution: composable, validated reference analytics, scaled into programmatic settlement. Wrappers wrap wrappers; issuance compounds; the print does not. Primary revenue is a listing and methodology licence at a published USD list. A Desk SKU is a competing book that expires to that print — HOLD or GSL, not both. The Read is the entitled coordinate. Freeze is residual integrity. Units, mix, and the scored cases live in the board pack.
This section used to carry a parallel partner proposal (7 September working figures, W, bonded-network demand). That draft is superseded. The live product observed 11 September is a listed freeze: F2 is used as a funding mark on ETH and Canton. Zero paid methodology licences. Year 1 is conversion. Instruments are quoted /DFY; the bond, the clerk ticket and NAV remain USD; readers are free. Named firms: 0 / 5. Desk SKU: 0 (lab blotter; lab keys do not count). Priced preferred in the publisher (in formation). NewCo revenue today is $0.
The 4-of-5 bonded quorum is kept as a public good a regulator can ask for, not as a customer cohort. The v0.17 SAFE is dropped. V19 NetCo and W are parked. DFY-as-rail is refused. Parent x402 / GM! / ACP cash stays at ConfigSecretAI and is unquantified.
| Date | If it hits | If it misses |
|---|---|---|
| 5 Oct 2026 | Read is a paid product | Public coordinate stays free; hiring slows |
| 23 Nov 2026 | Integrity scoreboard: five unrelated named firms live, plus counsel’s pre-deployment opinion | Architecture unchanged. Second tranche does not draw. Do not fill seats with a DFY incentive. F2 remains a funding mark. |
| 8 Feb 2027 | P3 first money. Venue class TBD. Counsel first. | No third tranche. Next licence is not a copy of a working one. |
23 November is an integrity scoreboard, not a closing condition of the architecture. Listed-open does not wait on a full house.
Board pack — plan, deck, brief506(b). Not for general circulation. The plan of record is opened from Board after the pack passphrase. This chapter does not restate the rows.
Chapters VIII–X of this book still specify the three jobs, the two genera, and versioned I_t. They are the teaching text. They are not the commercial plan. If a desk, a venue, or counsel needs the rows, they open the board pack.