Method v1.0

How a print is made

Same eight fields every day. Versioned here. The construction engine stays off this page.

Field	What it records
Twin	What traditional claim this token says it is
Title	Token = register, or token = receipt
Cash leg	Deposit token / stablecoin / trigger / RTGS
Clock	Hours, finality, weekend
Pledge	Who accepts it as collateral, under what
Exit	Redemption window vs secondary depth
Crowd	Holder concentration, venue concentration
Basis	Token versus twin

Status language

Substitutes — ordinary conditions hold. Watch — one field is already the weak channel. Does not substitute under stress — exit, cash, crowd or basis would not survive a stacked move.

Sources

Transfer-agent and issuer disclosures, public on-chain holder tallies, published cut-offs, and venue eligibility notices. Holder counts are lower bounds. They are used as concentration evidence, not as a census.

Recalibrate the print when a cash rail, a cap, or a pledge window changes. Do not recalibrate because TVL moved.