Docs 04
What it can and cannot do.
Two lists, then the event table a holder actually needs.
The mechanism is narrow by design. These two lists mark the whole of its reach.
It can
- Take a 2% Paring from each trade, buy and sell alike.
- Open a Notch for each trade, carrying its size and its block.
- Let anyone call a Tallage, which retires TALL from the market, marking the queue in opening order.
- Shrink supply for good, and report the retired total through charred().
It cannot
- Create a unit of TALL, for anyone, ever.
- Change the Paring, shuffle the Scoreline, pass over a Notch, or cancel one.
- Touch a holder’s balance, suspend trading, or restrict a wallet.
- Spend the Paring on anything except retiring TALL in opening order.
The events, read as a holder
| Event | What happened | What it means for a holder |
|---|---|---|
| paring | A trade left its 2% with the mechanism. | The queue’s working balance grew. Each trade feeds the next discharge. |
| notched | A Notch opened on the Scoreline. | An obligation joined the queue, in the order it happened. |
| tallied | A Tallage ran: TALL was bought and retired, Notches marked in opening order. | The queue moved forward. Supply shrank. Anyone could have called it. |
| char | The token recorded the retirement. | The retired total rose; charred() and the shrunken supply agree. |
And when nothing trades: nothing moves. No Paring gathers, no Tallage runs; open Notches simply stand. The mechanism moves only on trades and on Tallages that anyone may call.