$KWEG
TOKENOMICS
How the IP Vending Machine works. Graduated software licences on a bonding curve. Identity-bound activation. The token IS the licence.
What is $KWEG?
$KWEG is a graduated software licence to a portfolio of 10 patents filed at the UK Intellectual Property Office by The Bitcoin Corporation Ltd. It is not a security. It is not a bearer instrument. The bonding curve (per patent F-010) prices tokens deterministically from publicly observable on-chain state.
The token IS the licence. The licence IS on the blockchain.
Licence Tiers
Per F-010: Tokenised Patent Licensing via Bonding Curve. Linear curve: price(n) = c × n
| Tier | Rights | $KWEG Required | Cost from 0 |
|---|---|---|---|
| 0 — Read | Read & reference | 1+ | ~ free |
| 1 — Research | Non-commercial implementation | 10,000+ | $0.04 |
| 2 — Startup | Commercial, $1M revenue cap | 1,000,000+ | $402 |
| 3 — Enterprise | Commercial, $100M revenue cap | 10,000,000+ | $40,200 |
| 4 — Unlimited | No cap, sublicensing rights | 100,000,000+ | $4,020,000 |
| 5 — Governance | Governance & veto rights | 500,000,000+ | $100,500,000 |
Not a Bearer Instrument
The regulatory question is not “is this a security?” (the Howey test). The right question is: “is this a bearer instrument?”
Bearer shares were abolished globally because of anonymous governance, untraceable transfers, and concealed ownership — not because of how returns are generated. An instrument can pass the Howey test while still having the structural defects of a bearer share.
$KWEG with $401 identity (Confidence Level 2+, Veriff KYC) is not a bearer instrument. Beneficial owners are identified. Transfers are traceable between verified identities. Governance power is transparent.
$401 Confidence Levels
Licence Activation & $WONG
You can buy $KWEG without KYC — it’s a software licence purchase. To activate your licence (lock $KWEG), you need $401 Confidence Level 2+ (Veriff KYC via Bit-Sign.online).
$WONG’s price reflects how much the market values the activation position vs the raw licence.
$WONG is a $403 security token. KYC-required. Returned to issuer on deactivation.
Revenue Model
Revenue is distributed as licence fee rebates to active ecosystem participants.
The Protocol Stack
On-chain identity. OAuth strands + Veriff KYC. Confidence Levels 0-3. Required for licence activation.
Content and commodity tokens. $KWEG is a $402 token — bonding curve pricing, no KYC to buy.
Securities tokens requiring KYC ($401 Confidence Level 2+). $WONG is a $403 token — issued on licence activation, tradable between verified holders. Unlocked by Veriff.
Frequently Asked Questions
Is $KWEG a security?
No. $KWEG is a graduated software licence to the Bit Trust patent portfolio. The regulatory question is whether it's a bearer instrument, not whether it passes the Howey test. With $401 identity verification (Confidence Level 2+), $KWEG is identity-bound — not a bearer instrument.
Do I need KYC to buy $KWEG?
No. Anyone can buy $KWEG from the vending machine — it's a software licence purchase. KYC (via Veriff at Bit-Sign.online) is only required to activate your licence and receive $WONG.
What is $WONG?
$WONG is a $403 security token issued 1:1 when you activate (lock) your $KWEG. It represents your active licence position and is tradable between KYC-verified holders ($401 Level 2+). When you deactivate, $WONG is returned to the issuer. The activation boundary — locking $KWEG to receive $WONG — is the $402/$403 boundary.
Where does the revenue come from?
Every press of the vending machine generates revenue — 1¢ for a penny press, $0.99 for a video press. 100% of press revenue is distributed to activated licensees as licence fee rebates.
Can I trade $KWEG?
Yes. $KWEG is listed on fnews.online. The licence transfers automatically with the tokens — no licensor approval required.
What if the patents aren't granted?
The licence is a contractual right independent of patent prosecution outcome. All 10 applications are filed at UKIPO and patent pending.
Download Tokenomics PDF
The complete $KWEG tokenomics document. Licence tiers, bonding curve mechanics, activation model, $WONG receipt token, revenue distribution, and the protocol stack.
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