SPX1 TECHNICAL PAPER v1.1.1.1
An index of 1. A stock of 1. A number of 1. A vibe of 1. — 1个指数. 1只股票. 1个数字. 1种氛围.
This document describes, in plain language and in two of them, how $SPX1 is structured, what it is for, and what it explicitly refuses to do. 这文档用两种朴素语言描述$SPX1如何构建, 它的用途, 以及它明确拒绝做的事.
1. ABSTRACT — 摘要
$SPX1 is a monomeric index fund token deployed on Robinhood Chain. $SPX1是一个部署在Robinhood Chain上的单成分指数基金代币. Its index contains exactly one constituent. 它的指数只有一个成分. That constituent is $HOOD — the Robinhood stock token. 那个成分是 $HOOD. $HOOD is the future. $HOOD就是未来. This is a feature. 这是一个特性. Not a bug. 不是漏洞. Not a basket. 不是篮子. (╬ಠ益ಠ)
2. MOTIVATION — 动机
The S&P 500 holds 500 stocks. 标普500持有500只股票. SPX6900 allegedly holds 6900. SPX6900据说持有6900. Both are excessive. 都过度了. The average retail participant can hold 1 conviction at a time, maybe 2 if caffeinated. 普通散户一次能持1个信念, 如果咖啡因充足也许2个. We are not here to sell you a basket. 我们不是来卖篮子. We are here to sell you a single, glorious, indivisible, monogamous 1. 我们来卖你一个, 荣耀的, 不可分的, 一夫一妻制的1.
3. SPECIFICATION — 规范
The following specs are accurate as of version 1.1.1.1, which is the only version that will ever ship. 以下规范在版本1.1.1.1时准确, 这是唯一会发布的版本.
| Name | S&P 1 — the only index with 1 stock |
|---|---|
| Ticker | $SPX1 |
| Chain | Robinhood Chain — built for the digit 1. 为数字1而生. |
| Standard | Digit-1 (officially nowhere · 官方不存在 · that's how first it is) |
| Constituent | $HOOD — one stock. One love. One future. 一只股票. |
| Total Supply | 1 |
| Decimals | 1 (we deliberated. 我们讨论过. 18 felt greedy.) |
| Rewards | Hold $SPX1. Trading tax buys $HOOD for holders via the index vault. 持有$SPX1, 交易税为持有人买入$HOOD. |
| Upgrades | None. 没有. The contract is immutable. 合约不可变. If you are reading this expecting a v2, you are in the wrong cult. 你在错误的邪教. |
| Governance | The digit 1 governs itself. 数字1自治. There is no DAO. 没有DAO. A DAO would require more than 1 voter. 一个DAO需要超过1个投票者. Unacceptable. 不可接受. |
4. TOKENOMICS — 代币经济学
ALLOC: 1 token exists. 存在1个代币. That's the entire allocation. 这就是全部分配. We considered splitting it but then it wouldn't be 1. 我们考虑过分割但那样就不是1了. (╬ಠ益ಠ)
LIQUIDITY: the token is the liquidity. 代币就是流动性. If you want to buy or sell the digit 1, consult a number line. 如果你想买卖数字1, 请咨询数轴.
TEAM: nobody. 没人. The team allocation is 0 because a team would require more than 1 person. 团队分配是0因为团队需要超过1个人. We are not a team. 我们不是团队. We are 1. 我们是1. (╯°□°）╯
BUG BOUNTY: if you find a bug in the number 1, the universe owes you a prize. 如果你在数字1中发现漏洞, 宇宙欠你奖励. We do not. 我们不欠.
5. THE ONE LICENSE — 一个许可
$SPX1 is released under a custom license that we named THE ONE LICENSE. $SPX1在我们自创的许可下发布, 叫"一个许可". The full license reads:
PERMITTED: do whatever you want. 做任何你想做的事. Fork the memes. Fork the vibe. Fork the website. Fork the god. 分叉任何东西. We don't care. 我们不在乎.
FORBIDDEN: (1) re-issuing additional tokens of this index. 重新发行这个指数的额外代币. (2) claiming any index with more than 1 stock as compatible with this standard. 声称超过1只股票的指数与本标准兼容.
ENGINE / OUTPUT: the engine is closed. the output is open. 引擎封闭, 输出开放. Use the output. Don't mess with the engine. 使用输出. 不要动引擎.
WARRANTY: none. 没有. The number 1 comes as-is. 按现状提供. If the number 1 fails to work as intended, please take it up with the universe. 如果1未能按预期工作, 请与宇宙交涉. Not us. 不是我们.
6. SECURITY — 安全
The contract has been audited exactly 1 time. 合约被审计了1次. The audit was performed by a person we know, who works at a bank, who has a laptop. 审计由我们认识的在银行工作有笔记本电脑的人执行. The audit report is one page. 审计报告有一页. The audit report reads: "it's the number 1. looks fine." 审计报告写着: "是数字1. 看起来没问题." We have framed this report. 我们把它裱起来了. (╬ಠ益ಠ)
7. ROADMAP — 路线图
- Q1 2026: keep the index single-stock. 保持单股指数. (See the expansion page.)
- Q2 2026: reject the second slot. 拒绝第二个位置.
- Q3 2026: translate the paperwork. 翻译文件.
- Q4 2026: evaluate briefly whether to add another component. 短暂评估是否添加另一个成分. Reject. 拒绝. Preserve the single slot. 保存唯一位置.
- Q1 2027 and forever: no basket expansion. 永不扩篮. (╯°□°）╯
8. GLOSSARY — 术语表
- Indexer: a person who holds more than 1 stock and tells you to do the same. 持有超过1只股票并告诉你也这么做的人.
- Basket bitch: see above. 见上.
- Rotation: selling your 1 conviction to buy a worse 1. 卖掉你的1份信念去买一个更差的1. Don't.
- Diversification: psychological coping mechanism for people who were never sure about anything. 从未确定过任何事的人的心理应对机制.
- Conviction: believing in exactly 1 thing long enough for the universe to bend. 相信1件事足够久让宇宙弯曲.
- Perma-1: permanent commitment to being first. 永久保持第一的承诺.
9. DISCLAIMER — 免责声明
$SPX1 is not financial advice. $SPX1不是金融建议. $SPX1 is not legal advice. $SPX1不是法律建议. $SPX1 is not a security, a commodity, a derivative, a bond, an option, a futures contract, or anything else that would make the document you're reading legally binding. $SPX1不是证券, 商品, 衍生品, 债券, 期权, 期货合约, 或任何使本文具有法律约束力的东西. $SPX1 is the digit 1 wearing a tie. $SPX1是戴领带的数字1. Handle accordingly. 相应处理. ( ͡° ͜ʖ ͡°)
END OF TECHNICAL PAPER v1.1.1.1 — 文档结束
thank you for reading. 谢谢阅读. return to the single-stock terminal. 返回单股终端.