{
  "meta": {
    "family": "TWIN-Equities",
    "date": "24 Oct 2026",
    "iso": "2026-10-24",
    "version": "v1.1",
    "session": "weekend",
    "asOf": "Weekend print. QQQon as-of 24 Oct 2026 (RWA.xyz). Issuer mint not stamped live.",
    "note": "Saturday. Issuer mint not stamped live. Holders 24,241 → 24,250. NAV $706 → $708. DEX up is not Open.",
    "homeCondition": "Watch → Closed. Issuer mint not stamped live. DEX up is not Open."
  },
  "instruments": [
    {
      "id": "qqqon",
      "ticker": "QQQon",
      "name": "QQQon",
      "klass": "QQQon",
      "twin": "Listed Invesco QQQ Trust. Cash print is the blade.",
      "title": "Token = receipt against the wrapper. Not the ETF share. Not a shareholder.",
      "cash": "USDC via the Ondo issuer mint.",
      "clock": "Saturday. Issuer mint not stamped live. A 24/7 claim is not the word until it is the primary. Underlying cash market is closed.",
      "exit": "Primary closed until the published mint is stamped live. Do not list a DEX, a CEX, or a secondary book as the exit.",
      "redemption": "Closed",
      "redemptionNote": "Issuer mint not stamped live this session. Closed, not Instant-only. A DEX being up is not the state.",
      "pledge": "Not scored. No published pledge window on this stamp.",
      "crowd": "Looked-up. 24,250 public holders on $34m (24,241 on 23 Oct). 3,165 addresses active in 30 days (3,224 on 23 Oct). Nine names on. Not a short register.",
      "basis": "Path. Token NAV $708 ($706 on 23 Oct). No live cash-QQQ spread stamped. The blade moved. The spread is not on the page.",
      "line": "cash: USDC · exit: issuer mint closed · crowd: looked-up · basis: path",
      "status": "watch",
      "changed": [
        "Clock",
        "Exit",
        "Redemption",
        "Crowd",
        "Basis"
      ],
      "statusNote": "Watch → weekend substitution is none. Basis is the blade when the mint reopens.",
      "public": {
        "value": "$34m",
        "holders": "24,250",
        "active30d": "3,165",
        "source": "RWA.xyz as of 24 Oct 2026"
      }
    }
  ]
}