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Kuwo
Terminal
Nº 001Test chain · 31337
KUWONº 001
Gold · silver · WTI crude — one token

KuwoReal metal. On-chain.

One KUWO is a fixed measure of gold, silver and WTI crude, counted against a vault registry and repriced every 15 seconds from the median of independent feeds. Mint and redeem it at net asset value, or trade it on the pool.

Enter terminal Trade KUWO

Demo on a private test chain · paper money (pUSD) · no real funds

§01What 1 KUWO holds

Weights drift.
Quantities don't.

A KUWO token is not a promise to track an index. It is a list of physical amounts written into the token contract: so many troy ounces of gold, so many of silver, so many barrels of crude. Its value is those amounts at today's prices, nothing more.

No rebalancing, no management overlay. When gold outruns crude, gold simply becomes a larger slice of the basket.

At issuance$100 split 50 / 30 / 20 across gold, silver and crude, converted into fixed quantities at that day's prices.
Every day sinceThe quantities stay put. Prices move, so each commodity's share of NAV moves with them.
§02How it works

Mint. Back. Price. Exit.

Four mechanisms, each enforced by a contract or a process you can watch in the terminal. The numbers under each step are read live from the chain as you scroll.

  1. Primary market
    ORACLE PRICESpUSDNAVΣ q × pKUWOfee → treasury

    Mint at NAV

    Pay pUSD, receive KUWO at net asset value plus a small fee. NAV is each fixed quantity times its oracle price, summed at the block your transaction lands in. No order book, no spread to a market maker.

    Live
  2. Reserve cap
    RESERVEAuAgCLbacked supplyheadroomrevert

    Capped by the vault

    Every mint is checked against the on-chain reserve registry. If the new supply would need more gold, silver or crude than the custodian has recorded, for any single asset, the transaction reverts. Supply can't outrun the vault.

    Live
  3. Price feed
    gold-apiCL · ETHCL · POLCL · BSCYahoo>3% offx̃median±15%vs last · 1hon-chain

    Priced by quorum

    The relayer reads gold-api, Chainlink on Ethereum, Polygon and BNB Chain, and Yahoo Finance; takes the median and drops any quote more than 3% from it. On-chain, a per-asset breaker rejects prints more than ±15% from the last price or the one-hour anchor.

    Live
  4. Secondary market
    KUWOpUSDNAVredeem · NAV − feex·y=kkeeper

    Redeem or swap

    Redeem KUWO for pUSD at NAV minus the fee, or sell it on the KUWO/pUSD pool. When the pool strays further from NAV than arbitrage costs, a keeper mints or redeems and trades it back.

    Live
§03Proof of backing

Counted
against the vault.

A reserve registry on-chain lists every bar and barrel the custodian has recorded. The token contract reads it on every mint: supply times quantity per token must stay at or below the reserve, asset by asset. These figures come from that registry now.

§04Oracle

One median.
A breaker per asset.

Every 15 seconds the relayer collects each commodity from every source that quotes it, takes the median, discards anything more than 3% away and pushes the result on-chain. The oracle contract then applies its own check: a price more than 15% from the last print, or from its one-hour anchor, trips that asset's breaker instead of moving NAV.

Sourcesgold-api.com spot · Chainlink aggregators on Ethereum, Polygon and BNB Chain · Yahoo Finance futures.
IsolationA shock to crude halts only baskets that hold crude. Gold-only baskets keep minting.
§05Inside the terminal

A whole desk.
On paper money.

Eight screens run against the same contracts. Everything below is live from the test chain: stake, check the lock, issue a basket, bend time.

F·01StakingStake

Lock KUWO.
Earn KUWO.

Three fixed terms, APR paid in KUWO from a pre-funded pool. Principal stays locked for the whole term — no early exit.

F·02Locked liquidityInspect lock

The pool's liquidity
can't walk.

The launch LP tokens sit in a time-locked contract. Withdrawing before the unlock time reverts with StillLocked, for everyone, including the issuer.

F·03LaunchIssue

Issue your
own basket.

Pick commodities, set weights; the factory freezes them into quantities at live prices and deploys a new token with its own seal.

F·04Paper tradingTrade

Real prices.
Paper money.

pUSD is a test stablecoin with no value anywhere. Claim it from the faucet, mint, redeem, swap and watch your P&L against real markets.

F·05ConsoleOperate

Bend time.
Break prices.

› chain.travel(+30d) ok› oracle.shock(XAU, −20%) tripped› oracle.resetBreaker() re-anchored

Operator tools: fast-forward the chain to mature stakes and locks, shock a price to trip its breaker, reset and re-anchor.

§06Listed baskets

Every basket
carries its seal.

Each token the factory issues gets a guilloché seal generated from its own basket: one woven band per commodity, lobes and amplitude set by weight. Same basket, same seal, anywhere it appears.

§07FAQ · disclosures

Straight answers.

01What is KUWO, in one line?
A token whose value is a fixed amount of gold, silver and WTI crude at live prices, minted and redeemed at that value, with supply capped by a reserve registry. A working model of an asset-backed commodity ETF, built end to end on a test chain.
02Is any of this real money?
No. Trades settle in pUSD (“paper USD”), a test stablecoin anyone can claim from a faucet. Gas is test ETH on a private chain (id 31337) run by the operator. Nothing here connects to a public blockchain, a bank or a broker, and nothing can be withdrawn or sold for real funds.
03Are the prices real?
Yes. Gold, silver, platinum, palladium, copper and energy prices come live from gold-api.com, Chainlink aggregators on Ethereum, Polygon and BNB Chain, and Yahoo Finance, pushed on-chain every 15 seconds. The USD/INR rate comes from Yahoo Finance with the ECB reference rate (Frankfurter) as a fallback.
04Is there actual metal in a vault?
No. The reserve lots — bar serials, refiners, vault locations, barrels, the custodian and its attestations — are sample records, and every screen that shows them is stamped DEMO. What is real is the machinery: the registry contract, the backing arithmetic and the mint cap that reverts when supply would exceed it.
05How do I get in as a tester?
Open the terminal and press Connect. Pick one of the demo wallets, or use the test wallet the operator created for you. Then use Get paper funds to claim pUSD and start trading. These wallets only exist on this private chain; there is nothing to install and no real key at risk.
06Why does the pool price differ from NAV?
The KUWO/pUSD pool is a free market with a 0.30% swap fee, so its price wanders. When the gap is larger than what minting or redeeming costs, a keeper bot mints (or redeems) at NAV and trades against the pool until the gap closes — the same arbitrage that keeps real ETFs near their NAV.
07What happens on weekends?
Metals and energy futures close from Friday 17:00 to Sunday 18:00 New York time. The oracle keeps the last print and marks it closed, the terminal says “markets closed”, and NAV stays flat until trading resumes.
08What is the Console?
An operator panel for demonstrating the system: it can fast-forward chain time (so staking rewards and the liquidity lock can be shown maturing), shock a price to trip that asset's breaker, and reset it. Changes there affect everyone on the same test chain.
§08The terminal · eight screens

Enter theterminal

  1. 01MarketLive commodity board & NAV
  2. 02ExchangeOrder books · pairs · units
  3. 03CommoditiesUnit tokens · 1 token = 1 oz / bbl
  4. 04TradeMint, redeem & swap at NAV
  5. 05PortfolioHoldings, P&L, orders
  6. 06StakingLock KUWO, earn yield
  7. 07AnalystAI desk · analysis & strategy
  8. 08ReservesProof of backing
  9. 09LiquidityPool & LP lock
  10. 10LaunchIssue & auto-deploy a basket ETF
  11. 11ConsoleOracle, time & demo controls