Proposed framework · 7 October 2026 · revision 3

Pricing methodology and validation framework

Today’s asking price · adjusted for network workUS$10.00per QTC coin
Launch asking price
US$10.00
ASERT difficulty, 30-day average
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Launch baseline H0
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Work ratio → factor (β = 0.5)
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Completed quarters
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Recomputed each day from the chain’s ASERT difficulty by the published rule: when sustained mining work rises, the asking price rises; when it falls, the asking price falls. A commercial asking price, not a verified market price, not an offer and not a forecast. Daily data · rule.
20×Illustrative annual price multiple in the worked example. A selected assumption, not derived from demand.
14%Proposed customer sell discount. A quoting rule, not evidence that a buyer exists.
QuarterlyReview points. Step changes in the scenario occur only at completed quarters.

A transparent approach to asking prices, observed market prices, forward scenarios and funded liquidity. The calculations are reproducible and the assumptions are visible.

Present status: proposed framework. No trading is active and no buying funds are committed.
Read the forward scenarioDownload the framework (PDF, 6 pages)

Purpose. Make the calculations reproducible and the assumptions visible. A formula can explain a price path; it cannot by itself validate a starting valuation or establish that future appreciation will occur.

Part 1 · Forward scenario

What the mathematics shows

The worked example uses a US$10 launch asking price, an illustrative 20× annual price multiple and a 14% customer sell discount. These are selected assumptions, not values derived from verified market demand.

Aq = 10 × (1 + g)q × (Hq / H0)β|g = M1/4 − 1|Bq = (1 − d) × Aq

Definitions: A is the customer buy-price target; B is the illustrative customer sell quote; q is completed quarters; g is the quarterly increase; M is the annual price multiple; d is the sell discount; Hq is sustained network mining work at review q (trailing 30-day average difficulty from the chain); H0 is the same measure at the launch review; β is the work elasticity.

With M = 20, g = 111.4743% per quarter. With d = 14%, the sell illustration is 86% of the buy target. A 20× annual multiple means a 1,900% annual increase, and 400× the starting price after two years before the work factor.

Network-work factor

The asking price carries a factor (Hq / H0)β: when sustained mining work on the network rises, the asking price rises with it. The proposed elasticity is β = 0.5, so a doubling of network work lifts the asking price by about 41% and a quadrupling doubles it. Falling work lowers it by the same rule. Work is measured as the trailing 30-day average of chain difficulty, which is public on the explorer; the launch baseline H0 is the figure recorded at the launch review and published with it.

Live reading. Loading the daily figure from the chain…

The rule is applied daily, not only at quarterly reviews: each morning (06:05 UTC) the explorer node records the chain’s ASERT difficulty, updates the trailing 30-day average and recomputes the work-adjusted asking price shown at the top of this page. The baseline H0 is the first recorded reading (2026-10-06, 0.00434075614667). The series is published as a CSV file so anyone can reproduce the figure.

Network workFactor (β = 0.5)Launch asking price24-month target (20× path)
What the work factor is. It is a quoting rule chosen for the asking price, published in advance so the calculation is reproducible. It is not evidence that buyers will pay more when mining work rises, and it does not make production cost a floor under the market price (see Part 4).

Forward quote scenarios

All curves start at US$10 per QTC, apply the 20× annual path (111.4743% per quarter) and a 14% sell discount, with β = 0.5. They differ only in network work: flat, doubling each year, or quadrupling each year.

QTC forward quote scenariosIllustrative USD per QTC at quarterly review points on the 20× annual path with network work flat, doubling each year, or quadrupling each year.

Step changes occur only at quarterly review points. Values are illustrative USD per QTC, rounded to two decimals; calculations use unrounded inputs.

Quarterly quote schedule

MonthWork flat
buy target		Work flat
sell illustration		Work ×2 / year
buy target		Work ×2 / year
sell illustration		Work ×4 / year
buy target		Work ×4 / year
sell illustration
Plain English: This shows what asking prices would look like if the selected growth assumption occurred and network work followed each path. It does not establish why buyers would accept those prices.
Not an offer. This is an indicative scenario for future spot quotes, not a binding forward contract, guaranteed return or funded buyback offer. Figures are in USD; any USDC settlement would need a disclosed conversion basis and fees. Actual quotes require available inventory, committed buying funds, stated quantities and expiry.
The framework

The other seven parts, each on its own page

Observed prices, supply, production economics and liquidity are measured separately from the asking-price path, then validated.

Part 2Observed pricesHow completed, independently funded trades establish a volume-weighted price.Part 3SupplyPrice in the context of verified circulating supply and implied market value.Part 4Mining economicsProduction cost as a comparison point, and the limit of that calculation.Part 5Funded liquidityWhy a sell quote needs committed buying funds, with the funds-required table.Part 6Validation and governanceThe evidence to publish, a five-step validation process and the present status.Part 7Public wordingThe suggested plain-English explanation for public use.Part 8References and scopeSources, scope and status, and the methodology change log.