How veledah works

The market for human reputation and potential.

People list themselves. Anyone can take a position in a listed person. Every position is public and timestamped.

Markets exist only by consent: you may list yourself, and no one may list you. Listing requires that you are 18 or older and a verified person. One person maps to one permanent market. Tickers cannot be changed, and markets cannot be relisted.

Every market opens at 0.01 CR with a fixed supply of 1,000,000 shares. A constant-product market maker sets prices: buying moves the price up, selling moves it down. No one sets the price by hand.

Price is market demand for exposure to a person's reputation and potential. It is not a measure of the person's worth.

Every trade carries a 1% fee: 0.5% to the listed person and 0.5% to veledah.

When a listed person trades in their own market, the trade is labeled INSIDER. No exceptions. Updates freeze 10 minutes after posting; amendments require a linked correction. Deliberately false claims violate the Terms of Service and are investigated; markets can be halted and corrections published.

CR cannot be bought, sold, withdrawn, or transferred, and has no monetary value. Each account receives 10,000 CR on verification. No other CR enters the market.

No short selling: there is no way to bet on a person's decline. No markets on people who have not listed themselves. No algorithmic reputation scores.