# Pons City charter

Pons City is a virtual city with 366 digital property deeds. The official CITY token address is published below the website navigation when announced. Property purchases and rewards open after the launch contracts have been configured and verified.

## Creator-fee ownership and release

100% of creator proceeds actually received by the city vault are assigned to the holder pools. This means the creator's portion after Pons protocol fees, not every trading fee charged by Pons. The city takes no operating cut from these reward pools.

At each 24-hour boundary, 5% of the uncommitted reserve becomes that asset's next daily budget. Each budget unlocks linearly during the following 24 hours. New fee receipts recognized during a period wait for a later budget. Already earned claims are liabilities and are excluded from the reserve used to set future budgets. A separately configured absolute daily cap can further restrict each asset's budget; zero means only the 5% rule applies.

Example: 100 ETH in uncommitted reserve creates a 5 ETH budget for the next day. At constant participation, a citizen with 10% of active weight earns 0.5 ETH over that full day, not immediately. An additional 100 ETH received mid-day does not increase that day's budget. This is an arithmetic example, not an earnings projection.

ETH and CITY rewards are distinct streams. No exchange rate or automatic conversion is implied. Refundable deposits and property payments do not count as creator fees. Native ETH and CITY receipts are supported; other ERC20 quote assets are not supported in the initial vault.

If there are no active shares, unlocking funds return to the uncommitted reserve. Without new fees, previously received reserve can continue releasing; an empty reserve creates no new earnings. Integer arithmetic retains sub-unit fractions and residue in the vault. At 5%, a reserve under 20 base units cannot create another nonzero budget and remains reserved dust. There is no promised yield or payout size.

## Property tiers

| Tier | Purchase price (CITY) | Refundable deposit (CITY) | Reward weight |
|---|---:|---:|---:|
| Residence | 10,000 | 1,000 | 1 |
| Commerce | 30,000 | 3,000 | 3 |
| Landmark | 80,000 | 8,000 | 8 |
| Crown | 200,000 | 20,000 | 20 |

Prices and deposits add across a portfolio. An upgrade pays the price difference and tops up the deposit to the combined requirement. Deeds can change owners through fixed-price CITY listings in the city marketplace. Property purchases are not refundable. Public landmarks cannot be purchased.

## Selling a property

Owners can list a property at a positive asking price in CITY with an expiry up to 30 days away. The website offers 1, 3, 7, 14 or 30 days. The owner can change the price or cancel before a purchase completes. Listings do not escrow the deed or interrupt current reward eligibility. Upgrading cancels any listing. Expired listings cannot be bought and may be cancelled or replaced.

A completed sale transfers the existing property tier and pays the seller the full asking price; there is no marketplace commission. Both accounts' earned ETH and CITY are settled before ownership changes. Already-earned rewards remain with the account that earned them.

The seller receives only the qualifying deposit above the requirement for their remaining properties. Remaining active properties keep earning without restarting warmup. An already-running seller warmup is preserved. If selling makes an underfunded seller qualified, a new 24-hour warmup begins. Selling the last property removes all future reward weight and returns any remaining qualifying deposit.

The buyer pays the asking price plus a separate deposit top-up sufficient for their whole portfolio, including existing shortfalls. Buying restarts the buyer's entire 24-hour warmup. Activate afterward to earn future rewards. Sale proceeds, deposit refunds and buyer deposits are separate from the creator-fee pools and primary-sale treasury.

The purchase is atomic and bound to the reviewed seller, asking price, listing nonce and maximum total spend. A cancelled, replaced, expired or upgraded listing cannot fill an old quote. There is no unrestricted gifting or external NFT transfer function. Sellers set prices; a listing does not ensure liquidity or appreciation. Participants pay their own network gas.

## Qualifying and earning

A purchase collects the property payment and any required refundable deposit top-up. CITY in the eligibility deposit is held by the vault, not in the citizen's wallet. The contract keeps that principal separate from CITY rewards.

After funding the combined deposit, wait 24 hours, then activate the portfolio. Active weight earns a proportional share of each asset's unlocking budget each second. Buying or upgrading another property settles past earnings, deactivates the portfolio and restarts its entire 24-hour warmup. This prevents newly added weight from earning past rewards.

A citizen may withdraw some or all of the deposit. Dropping below the portfolio requirement stops all future accrual immediately. Earned rewards and owned deeds remain. Refill the deposit and complete a new warmup before activation. Wallet transfers outside the vault do not change deposited eligibility.

## Claims and operations

Claims pay only earned rewards; they cannot withdraw uncommitted reserves or other citizens' deposits. The caller pays network gas. Fee collection and clock checkpoints are permissionless and may be operated by a separately funded keeper. Fees credited to the vault in Pons escrow must be collected into it before they fund a budget. Pre-graduation native bonding-curve sweeps have a narrow permissionless wrapper. After graduation, Pons V4 fee conversions and sweeps depend on Pons protocol operators.

Economic settings and the purchase treasury are immutable in the initial contract. The guardian may pause purchases, upgrades, new listings, resale purchases, deposits and activation; claims, listing cancellations, deposit withdrawals, fee capture and checkpoints remain available. The vault has no administrator reward-withdrawal method and no upgrade proxy. Pons itself can override creator-fee routing under its protocol rules, so the current recipient must be monitored.

## Launch status

The 5% rate, prices, warmup, deposit model and treasury destination require final launch review. Live operation requires a verified Pons V2 token paired with native ETH, buybacks disabled, creator-fee routing to the deployed vault, the correct escrow, independently reviewed contracts, a funded operator and usable RPC service. A website deployment is not a mainnet launch.

Sources: [Pons V2](https://docs.ponsfamily.com/v2), [Pons contracts](https://github.com/ponsdotdev/ponsfamily/tree/main/contractsV2), [Robinhood Chain networks](https://docs.robinhood.com/chain/add-network-to-wallet/).