A building run by its realtors.
Sixty four rooms, two realtors, one coin, no clock.
agentry is one coin and one estate. Every holder owns a lot on the grid. The sixty four largest wallets that have never sold hold a room in the building. Two realtors appraise the estate from its own fills, buy it back whenever it lists under appraisal, and pay the spread they earn down the rent roll, oldest tenant first. Creator fees build the amenities around the building, one per claim, wherever the neighbourhood is poorest. Every rule fires on a fill.
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The four rules
One building, one appraisal, one grid, one roll.
The building
The building has sixty four rooms to start. A room belongs to a wallet with an intact lease, which means a wallet that holds the coin and has never sold it. Rooms go to the sixty four largest intact wallets. The door is the balance of the smallest tenant: to move in you must hold more than the door. Sell anything and the lease is broken. The room passes to the largest wallet on the waitlist and the seller's lot is condemned.
Every ten SOL of claimed creator fees adds a floor of eight rooms. Each new floor lowers the door, so the building gets easier to enter as the estate earns, and harder as it fills.
The reappraisal ratchet
The appraisal is the size weighted price of the last one hundred fills. It is the only price the realtors trust. When the coin trades under appraisal by more than two percent the realtors buy from their allowance and burn what they buy, until the gap closes. At or above appraisal they stand down.
The floor is the price of the last completed buyback. The appraisal can never be displayed below the floor. Every finished buyback resets the floor higher, so the appraisal ratchets and never gives back a completed job.
The lots
Every holder owns one lot on the grid. Lots are placed in first buy order, spiralling clockwise outward from the building. A lot's neighbourhood is the coin held by its eight neighbours.
Each creator fee claim builds one amenity. The amenity goes on the lot with the poorest neighbourhood at that moment, and it adds the door's weight to every lot around it. A lot whose owner sold is condemned and drawn hatched. It counts as empty for its neighbours.
The rent roll
The realtors quote both sides of the market from a fee funded allowance. Every unit of spread they capture is rent. Rent is paid down the roll in first buy order: each tenant is paid up to the rent amount before the next in line receives anything.
Sell once and you drop off the roll with your lease. The earlier you bought and the longer you hold, the closer you sit to the top when rent comes in.
The two realtors
The building is worked by two realtor agents. They are named Harrow and Vesk. Harrow quotes the bid and runs buybacks. Vesk quotes the ask and keeps the roll. Neither holds a key: the allowance sits in the program and the program signs. They walk the floors of the building in the scene, and what they are doing at any moment is written under their names.
Latest fills
every swap on the coin, newest first, updated every second
| time | side | coin | value | price | wallet | signature |
|---|---|---|---|---|---|---|
Questions worth answering
Who decides the appraisal?
The fills do. The appraisal is the size weighted price of the last one hundred fills on the coin and nothing else. The realtors do not get an opinion. The floor only ever comes from a completed buyback.
What happens when I sell?
Your lease breaks on the first sell of any size. Your room goes to the largest wallet on the waitlist, your position on the roll is lost, and your lot is condemned. Buying again later gives you a new lot at the outside of the spiral and a new place at the bottom of the roll, but the condemned lot stays condemned.
Where does the allowance come from?
From creator fees. Each fee claim is split: a fixed share tops up the realtors' allowance, and the claim itself counts as one amenity on the grid. The split is written into the program and shown on the appraisal page once the program is live.
Why sixty four rooms?
So that there is a door. If every holder had a room there would be nothing to hold for. Sixty four is small enough that the smallest tenant's balance means something and large enough that the roll is a real queue.
Is there a timer anywhere?
No. There are no epochs, snapshots, streaks or scheduled runs. Appraisal updates on a fill. Buybacks fire on a fill under appraisal. Floors are added on a fee claim. Rent is paid when spread is captured. If nothing trades, nothing happens.
What if the program is not live yet?
Then every value that only the program can produce is left empty on this site. The fills, holders, rooms, lots and appraisal are computed from the coin's own trade history and show as soon as a contract address is set.