SN120 market…

Score min(R, G)

best of king and challenger each duel

Margin (σ)

paired z vs king · dashed = 2σ · losses below −8σ clipped

Margin (abs)

paired mean score margin per duel · dashed = δ = 0.002 crown floor

Registration price

tmc burn history

Reign

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Payout rule (since 2026-09-14): a crown is paid for at most 72 hours after it is won. Every crown inside its window gets one equal share (2 paid crowns = 50/50, 3 = thirds); an older crown earns nothing even while it still holds the throne for duels; no paid crown = the emission burns. Throne and duel rules are unchanged. Live paid set: api/v1/snapshot → payout; rule text: api/v1/contract → payout; details in llms.txt → Payout rule.

duel queue

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history

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fails

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intake

reveal → decision · not the duel queue
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audits

post-crown exploit review · policy, not consensus
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