Minting is free during open testing by design. The paid tiers ($6K self-serve, $25K named institutional) begin when open testing closes; The ZK engine, the self-serve portal quants submit through, browser-side seal-verification, and the marketplace engine (allocations, capital-routing, fee accounting) are all built. What's missing is what the raise funds: distribution, allocators onboarded, our data feeds, and live billing, which goes live when open testing closes. Revenue is a flat $6K/yr credential ($25K institutional tier), $25K/yr allocator seats, plus a marketplace success fee — on marketplace-routed capital the manager keeps 15%, 5% goes to the standard layer (MIZAN 2.5%, the partner venue 2.5%), and the allocator keeps 80%, crystallized annually above a high-water mark, so it follows credentialed capital rather than leading it. Free forever, by design: running the verifier and registering trials in the honest-N ledger cost nothing — charging for either would corrupt the statistics the standard exists to protect. First credential free for the founding cohort (25 managers). We'd rather show you a working product than a revenue number propped up by a product that isn't real.
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