Verify
Launch requires independent identity, background and conflict checks. No such verification is connected in this demo.
From tokenized equities to onchain influence
The Campaign Protocol
This fictional TOWN model accepts eligible tokenized equities and mints a separate campaign token at the current backing ratio.
Deposit / Redeem
The first issue mints 1:1; later deposits and all redemptions use the pro-rata backing ratio.
Swap
The prototype models swap quotes without asserting live liquidity or settlement.
Activate
The goal locks redemption so the voting bloc stays intact.
Coming soon · Large stock-token purchases
RFQ / OTC
Request for quote (RFQ) and over-the-counter (OTC) trading: planned access to negotiated quotes for larger stock-token purchases, with the aim of reducing reliance on thin liquidity pools.
Availability, pricing and settlement will depend on providers. Lower market impact is a goal, not a guarantee of zero impact or price parity with the underlying stock.
What TOWN builds
The Open Campaign Asset Layer
SPHR Tokenized Equity↓Pro-rata Activist Token↓Simulated Fee → 50/50 Split
TOWN is the campaign layer, not the original stock-tokenization provider. Half of each swap fee adds eligible backing; half builds the activation reserve for goal-triggered SPV and campaign costs.
The proposer's responsibility
Verification Required Before Launch
- Third-Party Identity, Background and Conflict Review
- Campaign Publishes Without a Pre-Formed SPV
- SPV Formation Triggered When the Goal Is Reached
- Mandate, Custody, Proxy and Fee Disclosures
Required before TOWNThe target company must already be available through a compatible tokenized-equity provider with verifiable backing and usable voting or proxy rights. Traditional brokerage holders need a supported onramp first.
Phase 7 architecture
Open Core. Configurable Perimeter.
Any wallet can participate by default in this local simulation. Verification, allowlists, venue controls, jurisdiction rules and position caps live in a separate policy layer without changing the pro-rata backing engine.
Product assumptions
Open for Holders. Guarded for Proposers.
Permissionless common-user access with auditable campaign and backing controls.
Deposit and receive campaign tokens
Campaign-token supply expands at the prevailing backing ratio without diluting existing holders.
Productive Fee Split
Half of swap fees fund backing; half funds disclosed campaign costs.
Restricted Authority
The intended control design restricts backing movements and equity rights to the mandate; real custody and legal enforcement remain unverified.
Active-Mandate Lock
Direct redemption locks at the goal. A secondary-market exit depends on liquidity; this demo only models quotes.
Legal perimeterThis concept does not establish that open deposits or permissionless AMM swaps are legally available. Offering, custody, token, SPV, tax and secondary-market structures require counsel and regulatory review.