A daily round is an accounting window
The working cutoff is 00:00 UTC each day. At that cutoff, the round records which Hunters are eligible and which basket each uses. A newly minted Hunter joins at the next cutoff.
The cutoff defines the group. It is not a promise that a deposit arrives at midnight, or that every day produces income.
From income to backing
- Reconcile the income actually available to distribute.
- Set aside the approved 50% NFT-backing budget.
- Divide that budget equally among the round’s eligible Hunters.
- Combine those budgets by basket type and acquire basket shares.
- Deposit the actual received shares and allocate them within each basket group.
Initial acquisition and funding are manual. On-chain allocation is intended to attach funded shares to the right NFTs without requiring each owner to collect a daily wallet payment.
Equal means equal spending budget
Every eligible Hunter gets the same acquisition budget, regardless of rarity, existing backing or basket type. Each basket group’s actual acquired shares are divided equally within that group.
Different baskets have different prices and conversion costs. Equal budgets do not mean equal numbers of tokens, equal future values or equal returns.
Delayed funding keeps the original group
A deposit made late still belongs to the round’s original eligible Hunters. It must not use the NFT count on the later deposit day. New mints cannot collect a share of older rounds.
The account view must separate:
- Funded backing: actual assets already allocated to the NFT.
- Unfinished rounds: earlier eligibility that has not yet received an allocation.
- Loan collateral: assets already pledged outside the local backing vault.
Unfunded rounds are not spendable balances or guaranteed future payments.
What happens when an NFT changes hands?
On a sale, the NFT’s attached backing and unfinished rights go to the new owner. The seller does not keep a separate claim.
On a burn, the recorded final owner keeps unfinished rights from eligible pre-burn rounds. Those claims pay only if funding arrives, and only once. The destroyed NFT receives no later rounds.
A pending basket switch pauses that Hunter’s new eligibility, while preserving earlier rights.
During a loan
For a basket-token loan, new backing stays locally locked to the NFT. The owner can explicitly add some to the loan. Until that transfer confirms, it does not improve the loan’s collateral health.
For a whole-NFT loan, all attached backing and rights belong to the pledged object. Default transfers that object to the lender.
A Hunter that survives basket-collateral liquidation keeps its normal future eligibility. Lost collateral is not replaced and it gets no extra share.