How RERATED works
How a verified trader identity becomes a tradable market.
Buy the trader — not the called asset
A Trader Share is a market on future reputation and influence. It is not equity, not a claim on their portfolio, and holding it never improves their RERANK, verified performance, or Proof of Influence.
What a Trader Share is
- Fungible market token
- Tied to one canonical identity
- Market-priced and transferable
- Reflects collective expectations
What it is not
- Not equity in the person
- Not ownership of their wallet
- Not a claim on personal trading profits
- Not guaranteed yield
- No control over the trader
One market per trader
- 1Indexed profile
- 2Eligibility checks
- 3Canonical market activation
- 4Early price-discovery curve
- 5Graduates to AMM
Where the 5% Trader Share fee goes
- Protocol revenue — 2.00%
- Treasury. Nothing reduces it: no holding and no lock buys a discount on this fee.
- Global $RERATED fee lockers — 1.75%
- Divided pro rata between the Global Fee Locks that were already eligible when the fee was charged. A lock opened afterwards earns nothing from it.
- Profile trader — 1.00%
- The person the market is about. Held in escrow until they claim the profile, and never reassigned to anybody else while it waits.
- Active Genesis Scout — 0.25%
- Only while a Scout entitlement is live. On expiry the bucket goes to the global lockers.
Total 5.00% on every buy and every sell, fixed as a constant in the contract, and the four buckets above are the contract’s own allocation rather than a proposal. No holding and no lock produces a discount on it. If no Genesis Scout entitlement is live, that 25 bps goes to the global lockers; if no eligible global fee lock exists at the moment a fee is charged, the whole locker allocation goes to the protocol instead. The fee never shrinks, and a lock opened later cannot reach back for it.
Three different decisions
| Action | What it gets you |
|---|---|
| Buy rTRADER | Exposure to the market price of one trader |
| Trade $TOKEN | The asset in the call |
| Lock $RERATED | A share of a revenue pool, or the right to activate one market |
These are separate positions. Owning one does not give you the others.
What can move the price
- Verified performance
- RERANK
- Proof of Influence
- Authenticated call record
- Consistency & integrity
- Market supply and demand
Reports release information; they do not mechanically reprice a Trader Share. Buyers decide.
Names in the examples are placeholders, not markets.