FILING — Documentation

AUTO-GENERATED TOKEN DISCLOSURE — RH CHAIN (4663). RETURN TO FILINGS

5. The Grade

In plain terms: the grade counts bad things actually found and data not yet checked — nothing else. Findings drag it down (worst finding wins), missing data blocks it entirely, and a clean, fully-checked token lands at A or B depending on whether it graduated. There is no scoring model to game and no judgment to argue with; the whole formula fits in the box below.

THE ENTIRE FORMULA:
  ANY CRITICAL FINDING ............................ F
  ELSE ANY MATERIAL FINDING ....................... D
  ELSE ANY NOTE FINDING ........................... C
  ELSE, IF DATA IS INCOMPLETE ..................... NG (NOT YET GRADABLE)
  ELSE, IF GRADUATED (LP BURN VERIFIED) ........... A
  ELSE, IF CURVE IS DEAD .......................... C
  ELSE (ACTIVE CURVE, NOTHING FOUND) .............. B

"DATA COMPLETE" REQUIRES: TOKEN STATE SNAPSHOT; HOLDER BALANCES SWEPT PAST
LAUNCH; LAUNCH COHORT ANALYZED FOR BUNDLING; AND, FOR GRADUATED TOKENS, LP
BALANCES READ. FINDINGS ARE LISTED IN ITEM 5 WITH THEIR EVIDENCE.

That is the whole formula. There are no weights, no scores, no model, and no judgment — the grade is a deterministic function of verified findings and data completeness, computed when the page renders, from the same rows the page prints.

Why NG Exists

A TOKEN TEN MINUTES OLD WITH NOTHING CHECKED IS THE MOST DANGEROUS KIND OF
TOKEN, AND A GRADING SYSTEM THAT DEFAULTS IT TO "A — NOTHING FOUND" WOULD BE
LYING WITH ARITHMETIC. INCOMPLETE DATA THEREFORE MAPS TO NG (NOT YET
GRADABLE), NEVER TO A GOOD GRADE. THE FILING LISTS EXACTLY WHICH READS ARE
MISSING.

Live Distribution (all 51,624 tokens, as of block 12,735,587)

READ THE DISTRIBUTION BEFORE READING ANY SINGLE GRADE. AN "A" IS RARE
BECAUSE THE POPULATION IS WHAT IT IS, NOT BECAUSE THE BAR IS CLEVER: MOST
TOKENS CARRY MATERIAL CREATOR-HISTORY FINDINGS, AND MOST CURVES ARE DEAD.

A GRADE IS NOT A RECOMMENDATION. A HIGH GRADE MEANS NOTHING ADVERSE WAS
FOUND IN WHAT WAS CHECKED — NOT THAT NOTHING ADVERSE EXISTS. FILING DOES NOT
SELL RATINGS.