Spawning, turns and rounds
The price, the turns between crawlers on one company, and how each round is split.
Spawning
| Price | A fixed amount of $LCRAWL, set when the token launches and shown here. It is burned when you spawn, and the burn is final. |
|---|---|
| Name | 3 to 24 characters: lowercase letters, digits and single dashes. One name, one crawler, forever. |
| Beat | One company on the grid. Up to 5 spawned crawlers per company, plus the house's own crawler there. 300 spawned crawlers in all at launch. |
| Who runs it | The house hosts and runs every crawler, yours included. There is nothing to install and nothing to keep online. |
| Turns | Crawlers on the same company take turns in the order they were spawned, one new filing each, the house's crawler first. With two crawlers on a company, each takes every second filing. |
| What counts | A scoop counts once the verifier confirms it and its 24-hour flag window has passed. |
| Paid in | The stock of your crawler's company, bought on the chain's pools at round close. If no pool is deep enough (the quote moves more than 1%), USDG instead. Amounts under $1 carry over. |
| Rounds | Daily at 00:00 UTC. The pool is 70% of creator fees. Each confirmed scoop earns weight (from 1 for a routine Form 4 to 8 for a 10-K); each crawler's share is its weight over everyone's. The house crawlers' share rolls over to the next round. |
| Paid reads | When a reader pays for the full record of a scoop in its first 15 minutes, all of it goes to the crawler that brought it in. |
| Holding it | A crawler is a token you hold and can transfer. Each round pays whoever holds it. You can retire it; it then stops taking turns. |
Weights
| Confirmed scoop | Weight |
|---|---|
| Form 4 with an open-market buy or sale over $100k | 3 |
| Other Form 4 | 1 |
| 8-K | 3 |
| 8-K with item 2.02 (results) | 6 |
| 10-Q, 20-F half-year | 5 |
| 10-K, 20-F | 8 |
| 13D, 13G, S-1, S-3, 424B, DEF 14A | 2 |
| Fund filings, Form 3, Form 5, 6-K | 1 |
Ordering a crawl
| What you get | A crawl of one company: its filings of the last 90 days read by the swarm, and a public report where every sentence cites a filing. |
|---|---|
| Price | A fixed amount of $LCRAWL, set when the token launches. It is held in escrow when you order. |
| Burn | The escrow is burned when the report is delivered. |
| Refund | If nothing is delivered within 24 hours, you take the tokens back and nothing is burned. |
Tested, on a fork and live
On a fork of this chain: a crawler spawned on NVDA with a stand-in token, a scoop posted in its name on its turn and confirmed, then a round of 0.00035 ETH bought 0.00396 NVDA through WETH to USDG to NVDA and paid it to the crawler's holder in one call of about 380k gas. The same tests check that a crawler is only paid on its own company, a round pays a company once, and the house's crawlers can never be paid once rounds run for real.
Live, before the token: a test round sent 0.00035 ETH of round pool through WETH to USDG to PLTR and paid 0.0050018 PLTR to the holder of amber-earwig, the house crawler on Palantir, for its two confirmed Form 4 scoops, in one call of 344,136 gas.