{
  "meta": {
    "family": "TWIN-Equities",
    "date": "1 Nov 2026",
    "iso": "2026-11-01",
    "version": "v1.1",
    "asOf": "Weekend print. QQQon and NVDAon as-of 1 Nov 2026 (RWA.xyz). Issuer mint not stamped live.",
    "note": "Sunday. Issuer mint not stamped live. QQQon holders 24,324 → 24,334, NAV $707 → $698. NVDAon holders 61,679 → 61,666, NAV $206 → $205. A general Instant line is not the weekend word. DEX up is not Open.",
    "homeCondition": "Watch → Closed. Issuer mint not stamped live. NAV moved. DEX up is not Open.",
    "session": "weekend"
  },
  "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": "Sunday. 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. 24,334 public holders on $34m (24,324 on 31 Oct). 2,717 addresses active in 30 days (2,784 on 31 Oct). Ten names on. Not a short register.",
      "basis": "Path. Token NAV $698 ($707 on 31 Oct). No live cash-QQQ spread stamped. The blade moved. The spread is not on the page.",
      "line": "cash: USDC · exit: issuer mint · crowd: looked-up · basis: path",
      "status": "watch",
      "changed": [
        "Clock",
        "Exit",
        "Crowd",
        "Basis"
      ],
      "statusNote": "Watch → weekend substitution is none. Basis is the blade when the mint reopens.",
      "public": {
        "value": "$34m",
        "holders": "24,334",
        "active30d": "2,717",
        "source": "RWA.xyz as of 1 Nov 2026"
      }
    },
    {
      "id": "nvdaon",
      "ticker": "NVDAon",
      "name": "NVDAon",
      "klass": "NVDAon",
      "twin": "Listed NVIDIA Corp. Cash print is the blade.",
      "title": "Token = receipt against the wrapper. Not the equity share. Not a shareholder.",
      "cash": "USDC via the Ondo issuer mint.",
      "clock": "Sunday. 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. 61,666 public holders on $33m (61,679 on 31 Oct). 7,837 addresses active in 30 days (7,901 on 31 Oct). Thirteen names off. Not a short register.",
      "basis": "Path. Token NAV $205 ($206 on 31 Oct). No live cash-NVDA spread stamped. The blade moved. The spread is not on the page.",
      "line": "cash: USDC · exit: issuer mint · crowd: looked-up · basis: path",
      "status": "watch",
      "changed": [
        "Clock",
        "Exit",
        "Crowd",
        "Basis"
      ],
      "statusNote": "Watch → weekend substitution is none. Basis is the blade when the mint reopens.",
      "public": {
        "value": "$33m",
        "holders": "61,666",
        "active30d": "7,837",
        "source": "RWA.xyz as of 1 Nov 2026"
      }
    }
  ]
}