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PUBLIC RULES

Placeholder — pending attorney review

These rules are an operating draft. Final attorney-reviewed copy is still required before launch, and this page may change until then.

  1. We start with $1.
  2. We can only trade what we currently own.
  3. No adding cash to a trade.
  4. Every trade must be real.
  5. You must own what you offer.
  6. We choose the trade that best advances the challenge.
  7. Values must be reasonably defensible.
  8. Publicity does not count toward asset value.
  9. Illegal, stolen, counterfeit, unsafe, or prohibited property is rejected.
  10. Completed trades are final.
  11. The 21-day clock never resets.
  12. The final asset remains ours even if the $5M target is not reached.

Bitcoin note · Bitcoin (BTC) is the only permitted cryptocurrency asset. It may be received or traded away as the current asset like any other asset, but BTC can never be added to a trade as supplemental consideration alongside another asset — the challenge only trades what it currently owns.

These public rules are a summary and not a substitute for the detailed Terms of Participation.