{
  "meta": {
    "family": "TWIN-Equities",
    "date": "2 Nov 2026",
    "iso": "2026-11-02",
    "version": "v1.1",
    "asOf": "Weekday print. QQQon and NVDAon as-of 2 Nov 2026 (RWA.xyz).",
    "note": "Monday. Issuer mint live. No pause published. QQQon holders 24,334 → 24,323, NAV $698 → $701. NVDAon holders 61,666 → 61,627, NAV $205 → $206. Basis is the blade. DEX up is not the rail.",
    "homeCondition": "Watch → issuer mint live. NAV moved. Basis is the blade."
  },
  "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": "Issuer mint. RWA.xyz stamps Instant. Published as 24/5 on the asset page. A 24/7 claim is not the weekend word until it is stamped as the primary.",
      "exit": "Primary is the Ondo issuer mint. Do not list a DEX, a CEX, or a secondary book as the exit.",
      "redemption": "Open",
      "redemptionNote": "Issuer mint live this session. Instant on the published rail. No pause published. A DEX being up is not the state.",
      "pledge": "Not scored. No published pledge window on this stamp.",
      "crowd": "Looked-up. 24,323 public holders on $34m (24,334 on 1 Nov). 2,567 addresses active in 30 days (2,717 on 1 Nov). Eleven names off. Not a short register.",
      "basis": "Path. Token NAV $701 ($698 on 1 Nov). 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",
        "Redemption",
        "Crowd",
        "Basis"
      ],
      "statusNote": "Watch → rail conducts. Basis is the blade. Crowd is not the weak channel.",
      "public": {
        "value": "$34m",
        "holders": "24,323",
        "active30d": "2,567",
        "source": "RWA.xyz as of 2 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": "Issuer mint. RWA.xyz stamps Instant. Same title type as QQQon. A 24/7 claim is not the weekend word until it is stamped as the primary.",
      "exit": "Primary is the Ondo issuer mint. Do not list a DEX, a CEX, or a secondary book as the exit.",
      "redemption": "Open",
      "redemptionNote": "Issuer mint live this session. Instant on the published rail. No pause published. A DEX being up is not the state.",
      "pledge": "Not scored. No published pledge window on this stamp.",
      "crowd": "Looked-up. 61,627 public holders on $33m (61,666 on 1 Nov). 7,531 addresses active in 30 days (7,837 on 1 Nov). Thirty-nine names off. Not a short register.",
      "basis": "Path. Token NAV $206 ($205 on 1 Nov). 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",
        "Redemption",
        "Crowd",
        "Basis"
      ],
      "statusNote": "Watch → rail conducts. Basis is the blade. Crowd is not the weak channel.",
      "public": {
        "value": "$33m",
        "holders": "61,627",
        "active30d": "7,531",
        "source": "RWA.xyz as of 2 Nov 2026"
      }
    }
  ]
}