// EPOCHS · ACCOUNTING, NOT A SEASON PASS
EPOCHS
An epoch closes when the operator freezes the ledger. The freeze is a record. It does not create a profit that was not there.
The split
| Input | Realized net after fees, priority fees, and failed sends |
|---|---|
| If net ≤ 0 | Share 0. Buyback 0. The loss stays in the engine. |
| Holders | 20%, pro-rata, wallets with strictly more than 10,000,000 $LAND |
| Buybacks | 20% market-bought into the public buyback address |
| Engine | 60% retained as trading capital |
| Nobody eligible | The holder 20% rolls into buybacks |
Holding the coin does not operate the engine and does not move user funds through it. The agent remains pure intelligence aligned with the interests of capital: the surplus rule is a property of the treasury, not a wage for attention.
No epoch is published here yet. Shadow tapes are not an epoch.