$402 is a protocol for tokenized attention markets. Every participant mints their own token, creating a market for their time and content. The protocol harnesses viral memecoin dynamics to bootstrap the creator economy—every domain becomes a shareholder company, every path becomes a tradable asset.
| Strategy | Token Float | Price | Result |
|---|---|---|---|
| Exclusive | Low | High | Premium access |
| Accessible | High | Low | Mass audience |
| Balanced | Medium | Market | Organic |
The company has liability and must produce a confirmation statement each year showing an up-to-date register of members. However, Members can trade tokens that act as a claim on their shares without permission.
So while the confirmation statement may say Alice holds Title, she may have already sold her interest to Bob, who has already sold it to Charlie. The confirmation statement says Alice owns the share on the register, but that is still legally compliant, even though the reality is that Charlie holds the asset. As long as each individual pays their own taxes, they are compliant too.
Why BSV? It is the only chain capable of micropayments at the scale required for 1 token/second streaming.
| Requirement | BSV | ETH/Others |
|---|---|---|
| 1 token/sec cost | <0.001¢ fees | $0.50+ fees |
| Settlement | Instant | Block times |
| Scalability | Unbounded | Gas limits |
$402 is built on the modern Bitcoin SV stack, adhering to established standards (BRCs) to ensure maximum interoperability with wallets, indexers, and other peer-to-peer services.
Tickets accumulate cryptographic stamps as they're validated and used, creating a trust layer that solves the indexer incentive problem through pure Bitcoin economics.
Creators keep 95%. Indexers earn 5% fee for every stamp (validation). Market forces prioritize viral content naturally. No bootstrap token required.
Stamps ARE the proof of work