# Belljaw evidence and assumption ledger

Research date: 2026-11-09. The deliverable is a proposed concept and numerical budget, not an implemented contract, live fund or investment recommendation. Source references use publisher, exact or distinctive document title, section and retrieval date instead of web addresses, because the assignment forbids websites, domains and social links in deliverables. These bibliographic locators are intended to remain attributable without violating that constraint. No inaccessible page is represented as reviewed successfully.

## Evidence classes

| Class | Meaning |
| --- | --- |
| Required fact | Supplied by the requester; fixed for this design, not independently established deployment history |
| Observed source fact | A named source actually retrieved; its authority and limits are stated |
| Inference | Design conclusion drawn from evidence, not something a source proved |
| Assumption | Explicit authored model input; not measured market activity or a supplier quote |
| Unanswered | Evidence or implementation input still needed; no guessed value supplied |

## Source register

All sources below were consulted on the research date unless a more precise time is shown. There are no direct quotations except short document titles and headings. Descriptions are paraphrases.

| ID | Publisher and bibliographic locator | Fact supported | Limits and design consequence |
| --- | --- | --- | --- |
| R0 | IdentityMD assignment, "Invent a Base memecoin", fixed facts and starting idea | Required chain, supply, distribution, manual transfer, fee split, World, payout constraint and five-file scope | Brief evidence only. Existing test counter and early company-launch status are requester context, not independently inspected deployment facts |
| R1 | Base Documentation, "eth_chainId", Returns; ethereum-lists chain registry, eip155-8453 record | Base Mainnet chain identifier is 8453; registry identifies ETH as native gas currency | Primary documentation and open chain registry. Chain gas is separate from the stipulated launch-network trade fee |
| R2 | Uniswap Developers, "Uniswap v4 Hooks", Key Concepts and Core Hook Functions; "Fees", Swap Fees; "Uniswap v4 Architecture", Native ETH; v2 "Understanding Returns", Risks and loss formula | Hooks can customize pool lifecycle, including liquidity permissions; v4 permits native asset settlement; LP fees are not free additional revenue; full-range constant-product LP inventory faces relative holding loss | Primary protocol documentation. Does not prove the proposed adapter exists, is supported by a particular launcher or is safe. The custody, fee routing and guards here are new design work |
| R3 | CoinGecko, "Brett Price: BRETT/USD Live Price Chart, Market Cap & News Today", API ID based-brett, Historical Price and About Brett | Identifies the Base asset by contract prefix 0x532 and suffix b142e4; reports a recognizable comic-derived hero and the observed drawdown below | Price-data publisher is primary for its displayed snapshot; origin description is secondary. The official project page retrieved only a script container, so its lore was not independently read. No borrowed character or artist identity is used in Belljaw |
| R4 | Toshi project, "The Face of Base", What is Toshi and Media Pack; CoinGecko, "Toshi Price", Historical Price, API ID toshi | Official project describes a pet-inspired mascot, visual art and an origin that fits a sentence; data page identifies its Base contract and displayed drawdown | Deliberately omit real-person names and animal imagery from Belljaw. A facial identity is a design lesson, not a license or affiliation |
| R5 | AIXBT Docs, "Using AIXBT", Projects and topics, Intel; AIXBT product, "Choose a plan" | Research context, source-graded observations, alerts and token-holder access are continuing product interactions | Primary sources support ongoing content utility. This check did not establish an exact daily posting schedule. Belljaw instead requires its own weekly report-linked chapter |
| R6 | DEGEN official landing page, "The Social Coin of Base"; community author FAQ, "Degen Tips Ultimate FAQ: V8 (June 2024)", allowance eligibility and unused-allowance questions | Official page supports social-token positioning. Historical FAQ documents a holding requirement and daily non-carrying allowances | FAQ explicitly says it is not team-authored; not primary authority for current rules. Do not transplant its historical parameters or claim its scoring is server-free. Belljaw uses expiring, nonfinancial report acknowledgments |
| R7 | Ski Mask Dog source checks: attempted original project landing page; retrieved "News & Press" page carrying SKI branding | A branded news page was discoverable | Original landing-page attempt redirected to unrelated content and was discarded. No authoritative weekly-news cadence or absence of a developer wallet was established. Those two brief claims remain unverified and are not advertised as findings |
| R8 | Hyperliquid Docs, "Fees", community fee allocation and assistance fund paragraphs | Describes automatic conversion of trading fees into HYPE and treatment of acquired HYPE | Primary protocol description; another chain and different mechanism. It supports fee-funded execution as a case, not any market-outcome claim or the exact split for Belljaw |
| R9 | Clanker source repository clanker-devco/DOCS, general/creator-rewards-and-fees.md, "Creator Rewards & Fees"; Clanker Analytics, "How it works", v4 fee sections | Documents creator/platform fee routing and version-dependent fee mechanisms; methodology distinguishes collected fees, conversions and later cash movements | Current documentation includes mechanisms incompatible with this brief. Do not import them. No fixed automatic CLANKER purchase rate is established here. Analytics methodology is project-associated, not an independent audit |
| R10 | PUMP project, "$PUMP token powers the world's leading launchpad", cumulative buybacks, daily table and dashboard caveat; Aerodrome Finance, documentation, epochs and voting; Runfolio, "Run anywhere. Get paid in stocks."; xStocks Docs, Introduction and supported native chains | PUMP presents a transaction-linked buyback/burn record; Aerodrome describes recurring pool-direction votes; Runfolio describes activity-based tokenized-asset funding; stock issuer docs describe assets and chain coverage | These are distinct lessons. None establishes a price floor or proves resilience. PUMP's own page warns its custom-pair revenue display is inaccurate. Runfolio funding solvency and scoring implementation were not independently audited. Stock docs do not prove inability to freeze; no stocks qualify here |
| R11 | Circle, "USDC Risk Factors", Blocked Addresses and Blacklisting; cbBTC issuer, "cbBTC whitepaper", contract administrator roles, issuer-authored PDF mirrored by CryptoCompare | USDC issuer has blocking powers; cbBTC contract design includes pauser and blacklister roles | Primary legal description and issuer-authored technical document read via its data-publisher mirror; direct issuer PDF retrieval failed. Native BELLJAW transfer rules cannot remove quote-asset issuer risk. The cbBTC issuer is referenced by its asset role rather than a company name. Exact Base quote contracts must be verified before whitelisting |
| R12 | USDT0 Docs, "The USDT0 Network", Supported Assets and lock-and-mint architecture; "Deployments", product selector; gold issuer, "PAX Gold (PAXG) Overview", updated 2026-11-03 | Gold representations involve issuer custody and possibly bridges; product-specific deployment verification is necessary | Deployment page initially exposes a different product's network list. A Base gold deployment was not verified from it. Another issuer overview does not establish a Base address. Do not infer gold support from a general network list or invent a wrapper |
| R13 | CoinGecko public data API, coins/markets and search resources; DEX Screener search resource; GeckoTerminal search/pools resource restricted to Base; exact-term web searches | Bounded name/ticker collision check detailed below | Search indexes omit inactive, tiny, unindexed and newly created assets. Symbols are not reserved or globally unique. Recheck immediately before an actual launch |
| R14 | SEC, "SEC Clarifies the Application of Federal Securities Laws to Crypto Assets", release 2026-30, dated 2026-03-17; interpretive release 33-11412 / 34-105020 | Current source for assessing crypto-asset transactions rather than assuming a mascot label resolves legal treatment | No jurisdiction-specific legal conclusion was reached. Earlier 2019 staff framework is explicitly marked withdrawn and superseded; it is not relied upon. Optional holder funding requires separate review; A makes no player payments |

## Case findings and what is actually borrowed

| Case | Supported observation or explicit limit | Belljaw decision | Classification |
| --- | --- | --- | --- |
| BRETT | Distinct face and concise preexisting-character origin, per R3 | Original human broker with a short origin; no copied universe | Source description plus design inference |
| TOSHI | Official face-led identity and art assets, per R4 | Consistent chin, brow and grin across recurring scenes | Primary project statement plus design inference |
| AIXBT | Continuing source-based context and holder product access, per R5 | Report-driven serial presence rather than a launch-only punchline | Primary product statements; daily cadence not proved |
| DEGEN | Historical holding-gated daily ritual with expiring allowance, per R6 | Expiring weekly report acknowledgment without a financial farming target | Historical secondary evidence; parameters not reused |
| SKI | Weekly news and no-developer-wallet assertions not independently established, per R7 | Require a verifiable cadence and disclose actual allocation wallets | Unanswered comparator; authored requirement |
| HYPE | Fee conversion described as automatic by its protocol, per R8 | Make fee-funded vault actions inspectable | Primary statement; no causal market-performance inference |
| CLANKER | Fee routing varies by version, per R9 | Use the brief's fixed split in a reviewed custom integration | Primary documents; no assumed native launcher compatibility |
| PUMP | Buyback record plus its own data caveat, per R10 | Show actual acquisition transfers and queued budgets separately | Primary display; do not equate purchases with price protection |
| AERO | Epoch votes direct pool activity under its own mechanism, per R10 | Weekly bounded vote over a developer whitelist; no emissions copied | Primary documentation plus design choice |
| Runfolio | Describes verified activity and asset-funded participation, per R10 | Optional earned-asset inspiration only; default has no payments or server scoring | Primary marketing description; funding and freeze claims not fully audited |
| DLMM comparator in brief | Manual team-entered fund reports were asserted in the brief, not independently checked | Read the Firm directly from contract state | Requester context, not a verified accusation |

The brief's shorthand that Base memes without revenue sit far below peaks while fee-funded buybacks held is not adopted as a proven generalization. The table below records the displayed drawdowns only. It does not establish which project has no revenue, survivorship-adjusted performance, causal benefit from buybacks or any price support. Do not turn these observations into promotional outcome claims.

| Asset snapshot on research date | Displayed decline from historical peak | Evidence locator | Limit |
| --- | --- | --- | --- |
| Base BRETT, API ID based-brett | 98.4% | R3, Historical Price | Do not confuse with the separate same-ticker asset whose API ID is brett |
| TOSHI | 95.9% | R4, Historical Price | Near the brief's rounded range, but not literally inside its lower boundary |
| AIXBT | 98.4% | CoinGecko AIXBT data, Historical Price, API ID aixbt | A continuing product is not protection from a large decline |

The negative examples in the brief are design exclusions, not independently proven allegations in this report. They are recorded as such to avoid inventing facts about real projects.

| Brief comparator or rejected family | Constraint retained | Evidence status |
| --- | --- | --- |
| BALD | Do not allow launch LP principal withdrawal | Brief exclusion; incident not independently investigated |
| NORMIE | No transfer tax in the token | Brief exclusion; incident not independently investigated |
| OHM, TITANO | No emission-funded holder payments | Brief exclusion; economic history not independently investigated |
| TIME | No person-controlled treasury spending | Brief exclusion; operational history not independently investigated |
| SafeMoon | Custody restrictions must be checkable in code | Brief exclusion; specific historical claims not repeated |
| Social-key market comparator in the brief | Continuing action must not depend only on a later buyer | Brief exclusion; no project-specific valuation conclusion |
| HIGHER | Avoid financially rewarded attendance or engagement farming | Brief exclusion; bot allegations not independently tested |
| TYBG | Use an original character | Brief exclusion; no borrowed likeness or cultural property |
| Runfolio scoring and funding critique | No server-scored entitlement or presumed team-funded reserve | Brief concern; not established as a finding here |
| NAILED, STAPLR, DEPTMORE | Human trading-floor hero and meaningful holder action | Requester-rejected proposals, not researched market assets |

## Ticker and name clearance: bounded, observed searches

Name is Belljaw. Ticker is BELLJAW, using the same spelling and uppercase Latin letters in every identifier. No reservation, uniqueness guarantee or trademark clearance is claimed. Searches returned no relevant Belljaw token or conflicting business identity; absence of a result is weaker than legal name clearance.

| Search performed | Retrieval date and UTC time | Coverage or result |
| --- | --- | --- |
| DEX Screener query BELLJAW, all indexed chains, inspecting Base matches | 2026-11-09, by 21:12:05 | 0 pairs returned; therefore 0 Base pairs in result |
| GeckoTerminal query BELLJAW, network filter Base | 2026-11-09, by 21:12:05 | 0 pools returned |
| CoinGecko search query BELLJAW | 2026-11-09, by 21:12:05 | 0 coin results; other returned categories also empty |
| CoinGecko market-cap list, USD, descending, first page | 2026-11-09, by 21:12:05 | 100 records retrieved; 0 BELLJAW symbol matches |
| Exact-term indexed web queries for BELLJAW and BELLJAW token | 2026-11-09 | No relevant token result returned; no claim about unindexed contracts |
| Ticker syntax | Authored validation | 7 uppercase ASCII Latin letters; within required range |
| Name length | Authored validation | 7 ASCII characters; within required maximum |
| Requester-denied ticker set | Authored exact-string comparison | No BELLJAW match |

The following symbols were observed as taken in the retrieved market-cap list. This is the complete returned top-list symbol set, grouped by position, not a suggestion to use any of them. Ranks are snapshot positions and can change.

| Retrieved positions | Observed taken symbols |
| --- | --- |
| 1-10 | BTC, ETH, USDT, BNB, USDC, XRP, SOL, TRX, FIGR_HELOC, ZEC |
| 11-20 | HYPE, XMR, DOGE, USDS, WBT, LEO, LINK, ADA, XLM, USDE |
| 21-30 | BCH, NEAR, DAI, UNI, LTC, AVAX, CC, SUI, XAUT, USD1 |
| 31-40 | RAIN, HBAR, GRAM, QNT, PYUSD, USDG, RLUSD, SHIB, TAO, CRO |
| 41-50 | USDY, PEPE, USYC, ENA, AAVE, OKB, EURSAFO, PAXG, M, USDF |
| 51-60 | ONDO, BUIDL, PUMP, ASTER, U, BTW, WLFI, USDD, MNT, DOT |
| 61-70 | SKY, MORPHO, HTX, ICP, BFUSD, BGB, ARB, WLD, JST, ETC |
| 71-80 | USDGO, VVV, GT, KCS, POL, OUSD, RENDER, JUP, ALGO, KAS |
| 81-90 | LIT, INJ, PI, ATOM, NEXO, CAKE, GHO, NIGHT, FIL, USTB |
| 91-100 | ETHFI, DASH, ZRO, PEARL, STX, XDC, JAAA, BDX, PIEVERSE, USD0 |

Additional Base tickers treated as taken from the cited project/data pages are BRETT, TOSHI, AIXBT, DEGEN, SKI, CLANKER and AERO. The requester's entire denial list remains binding whether or not a fresh search finds an active market. No ticker collision found is a bounded search result, not proof that an unindexed Base contract cannot already have the symbol. The earlier wrong-asset BRETT page was explicitly excluded from the Base case analysis.

## Assumptions: complete numerical provenance

All economic percentages imposed by the assignment come from R0. All other numbers below are design settings or stress inputs, not sourced facts about a live token. Formula-derived table cells inherit these inputs; rounding is display-only. Source facts, authored choices and unknown live values must not be merged in later reports.

| ID | Assumption family | Values and location | Rationale and uncertainty |
| --- | --- | --- | --- |
| A1 | Time and demand | FINMODEL daily volume table; planning year days; later Portfolio ratio | Bad fades, Base grows moderately, Good is aggressive. No user forecast or route-demand dataset backs these paths. Set separate Portfolio volume to zero if gates fail |
| A2 | Fee-budget splits | A and B split tables in CONCEPT and FINMODEL | A selects common activity without payouts; B is only a funded, flagged comparison. Portfolio LP cash goes entirely to buyback |
| A3 | Quote-lane budgets and selection | CONCEPT pair table, caps, delay, quorum and voting discretion | Starts with ETH, stages other lanes, gold conditional. Asset diversification is not diversification away from BELLJAW on every pair |
| A4 | Reference marks and execution | FINMODEL token reference price; ETH planning mark; fee and conversion allowances | Arbitrary accounting inputs, not quotes or targets. Replace with actual executions before reporting events |
| A5 | Costs and capital | FINMODEL setup, seed, reserve and maintenance tables | Planning allowances; no supplier was engaged. Vault pays bounded operations, not developer fee compensation |
| A6 | Escrow, tiers and founding status | CONCEPT early-entry and tenure tables | Voluntary staking provides measurable continuous age without touching token transfers. No cash for badges; no human identity claim |
| A7 | Execution safety settings | CONCEPT TWAP, staleness, seasoning, output, slice and budget guards | Reviewable proposed controls, not proof of sandwich resistance. Coverage may be unavailable at launch; spending then waits |
| A8 | Narrative and targets | CONCEPT episode schedule, milestone, posts; PLAN and BRAND | Entirely original fiction and production targets. They can miss; no event or monetary amount is guaranteed |

## Unanswered questions and implementation gates

No requester-only value is needed to finish this files-only specification. Deployment-time inputs are explicitly developer-settable and are not filled with stand-ins. The following uncertainties are material to implementation, so they remain visible instead of being guessed.

| Unanswered item | Resolution required before the dependent action | Current consequence |
| --- | --- | --- |
| Genuine allocation and fee-recipient addresses | Developer supplies and verifies actual role addresses | No deployment or invented address |
| Suitable gold representation on Base | Verify asset provenance, exact deployed contract, transfer behavior, custody, bridge and oracle coverage | Gold lane remains conditional; its budget follows ETH fallback |
| Tokenized stocks with no issuer freeze path | Prove no direct, proxy-admin or bridge freeze control; meet Base availability and legal constraints | Stock allocation stays zero; no Runfolio stock is presumed eligible |
| Launcher and adapter compatibility | Implement and independently review the exact pool fee split and immutable custody | No claim that a turnkey launcher already meets it |
| External reference liquidity and oracle coverage | Establish seasoned, manipulation-resistant observations and authenticated asset marks | Buybacks can remain queued even when fees exist |
| Payout legal treatment and jurisdiction | Qualified review of actual configuration and communications | Default A; no player-pool marketing |
| Market demand, depth and costs | Measure actual activity after an independently authorized deployment | Scenario tables remain hypothetical, not reported fund history |
| Case causal comparison | Matched event windows, controls, reliable cash-flow data and survivorship treatment | No claim that buybacks determine market outcomes |

## Local verification boundary

Document checks cover exact output paths, ASCII encoding, required sections, brand header, ticker syntax, forbidden identifier strings and links, caption lengths, launch allocation arithmetic, split conservation, scenario tables, monthly token calculations, weekly/yearly rollups and finite reserve arithmetic. They do not independently certify factual accuracy, contract behavior, legal compliance, trademark availability, user identities, future execution or market demand. Research has attributable sources and explicit limits; the structural verifier cannot turn it into an audit.