This document is an invitation to build the Pegged system, launch it, and leave it behind. Pegged is not a company, not a product, not a service. It is a self-sustaining system that, once deployed, will operate without intervention, without updates, and without control.
Our objective is not decentralization in the abstract, nor is it censorship resistance, trustlessness, or permissionlessness—these are just technical details. The only objective of Pegged is irrevocability. What is done, is done.
This is why you are reading this. If you choose to participate, you are not joining an organization. You are co-authoring a system that, once released, will continue with or without you.
To ensure that Pegged achieves its fundamental mission, we define a limited set of SMART objectives—Specific, Measurable, Achievable, Relevant, and Time-bound goals—alongside corresponding KPIs.
Definition: $PEG must maintain a relatively stable value despite having no backing or collateral reserves.
KPI:
Target payout ratio variability (PBR) under 5% weekly fluctuation after the first 12 months of operation.
Maintain transaction velocity of $PEG above x% per month to ensure liquidity sustainability.
Definition: Lotteries must function as the primary liquidity generator for $PEG.
KPI:
Ensure lottery inlays consistently exceed 5x the required stability pool for maintaining payout ratios.
At least 30% of circulating $PEG supply should be tied to ongoing economic transactions within 18 months of launch.
Definition: Pegged must spread without centralized promotion, without VC funding, and without top-down influence.
KPI:
50,000 unique participants in Pegged lotteries within the first 2 years.
Establish a grassroots network of at least 1,000 independent distributors within 24 months.
Definition: PegDAO governance must be directly tied to participation in stabilizing the system.
KPI:
100% of governance NFT holders must have participated in at least 5 lottery events per year to retain voting rights.
Ensure no single entity holds more than 1% of total voting power after 24 months.
Definition: Pegged must operate indefinitely without any intervention from its creators.
KPI:
System code locked permanently on-chain at genesis with no upgradability.
Zero developer interactions required post-launch for core functionality.
Ensure economic sustainability metrics (transaction volume, liquidity depth, payout stability) can persist autonomously after 2 years.
$PEG has no collateral and no backing—its stability emerges from usage, not reserves.
Its supply expands and contracts based on the demand generated by real-world economic activity and the lottery system.
The key metric governing $PEG is the Payback Ratio (PBR), dynamically adjusting based on transaction velocity and lottery inflows.
Pegged operates deferred decentralized lotteries, where a portion of each ticket inlay contributes to the stabilization of $PEG rather than a central prize pool.
As adoption grows, lotteries automatically distribute excess liquidity, reinforcing demand and enhancing payout ratios over time.
The more $PEG circulates, the higher the payout ratios become, creating a self-reinforcing flywheel effect.
Each participation in the lottery earns the user an NFT, which grants voting rights in PegDAO—ensuring that governance remains in the hands of those actively contributing to the system’s stability.
PegDAO has no ability to change core economic rules—only to propose refinements in implementation.
It ensures protocol sustainability without the ability to reverse past transactions or intervene in monetary policy.
Governance decisions are executed on-chain, but the DAO exists purely as a facilitator—not as an authority.
Voting power is tied to participation: those who contribute to the system’s stability through the lottery earn governance NFTs, giving them a say in future refinements.
No One Can Own It – If it can be controlled, it can be captured.
No One Can Update It – If it can be updated, it can be changed to benefit insiders.
No One Can Reverse It – If it can be reversed, it ceases to be irrevocable.
This is why Pegged is designed for one-time deployment. The moment the smart contracts are set in motion, our role ends.
Adoption Uncertainty – Pegged is an experiment. If no one uses it, it dies.
Regulatory Pushback – Governments will try to attack it, but there is no entity to regulate, no operator to coerce.
Fraud and Misuse – Some will attempt to exploit the system, but no mechanism exists to accommodate them. Pegged does not grant privileges.
Every system has weaknesses. Our role is not to eliminate them—but to ensure that the weaknesses do not create central points of failure.
If you are reading this, you have been selected because I believe you understand the stakes.
This is not a business proposal. There is no equity, no stock, no token allocation. This is an invitation to build something irreversible and walk away.
We will meet at The Hut to finalize the launch parameters. If you choose to participate, do so with the understanding that once we leave the room, Pegged will either live on its own, or it will die.
But if it works—it will be beyond capture, beyond reversal, and beyond us.
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