// The Trials \\
Up to ten coins.
Earned, not bought.
PNTH stakers vote three coins into the basket each round, and a HYPE Passport adds votes. The rest earn their place on real trading. A coin DELPHI flags for cheating can never get in, and every change waits a day on-chain.
Three seats are open. Your stake and Passport give you 3 votes.
The top three join the next list, which waits 24 hours on-chain. The guardian can veto it.
Scored in the open
DELPHI checks every Ascend coin and ranks it on real trading, with wash trades taken out. Each round’s data is published, so anyone can check the pick.
A day to say no
A new list waits 24 hours on-chain before it starts. In that time a separate guardian key can veto it. It can stop a list, never add one.
Three seats, one vote
Each round, PNTH stakers vote three coins in. A vote is a free signature, and a HYPE Passport adds up to 3 more votes.
The rules every coin must pass
They are the same for every coin, with no exceptions.
| Rule | What it means |
|---|---|
| Age | A coin must be at least 3 days old. |
| Market | It must trade against USDC on Ascend. |
| Size | No coin can be more than 20% of the basket, and it holds at most ten. |
| Clean | A coin DELPHI flags for cheating can never get in. |
| Changes | Every change waits 24 hours, and the guardian can veto it. |
| Votes | One wallet is one voter: 1 vote for staking PNTH, plus 1, 2 or 3 for a HYPE Passport, on each coin it picks. |
Questions
Can a coin pay to get in?
No. Paying PANTHEON gives a coin no advantage in the score or the vote.
How is a coin scored?
Round 1 ranked coins on their real USDC trading, after DELPHI took out wash trading, and kept flagged coins out. The ranking file is public, and the proposal on-chain carries its fingerprint.
How do I vote?
Stake any amount of PNTH, then pick up to three coins on the vote page and sign. It’s free, and you can change your vote until it closes. A HYPE Passport adds 1 to 3 votes. Every ballot is published with its signature, so anyone can recount.
Who can veto?
A guardian key, separate from the one that proposes lists. It can only stop a list, never add one. We’d like Ascend to hold it.