Entry 1. Alpha Systems LLC
Alpha Systems LLC is the legal entity that operates the 8lends platform. It is registered in Saint Vincent and the Grenadines under the Limited Liability Companies Act (Chapter 151), registration number 3895 LLC 2024, and was incorporated on November 1, 2024. It holds Virtual Asset Service Provider (VASP) status under the supervision of the FSA of Saint Vincent and the Grenadines. The company is responsible for the Web3 infrastructure behind 8lends, including platform development, smart contracts, and the user interface.
Entry 2. AML Wallet Check
An AML wallet check is an automatic verification of your crypto wallet performed through Sumsub KYT for every investment. It checks your wallet address against risk databases covering sanctions (OFAC, UN, EU, HM Treasury), mixers, darknet marketplaces, ransomware, hacks, scams, and high-risk jurisdictions. If your wallet is flagged, the investment is rejected, and the funds are automatically returned to the sending address.
Entry 3. APR (Annual Percentage Rate)
APR is the annual interest rate on a loan, expressed as a percentage of the principal amount. On 8lends, the APR shown on each project page is a fixed rate paid by the borrower and earned by the investor over the loan term. The APR on 8lends ranges from 19% to 25% per year in USDC and remains fixed after the investment is made.
Entry 4. Article 61 MiCA
Article 61 of Regulation (EU) 2023/1114 is the MiCA provision covering reverse solicitation. It allows EU clients to voluntarily use services provided by companies outside the EU without those companies holding a CASP license. This applies only if the provider does not actively market or promote its services to EU clients. This provision forms the legal basis for European investors' access to 8lends.
Entry 5. Base (blockchain)
Base is a Layer 2 blockchain developed by Coinbase on top of Ethereum. It processes transactions much faster and at significantly lower cost than the Ethereum Mainnet, with gas fees of just a few cents. All smart contracts, investments, payouts, and withdrawals on 8lends run on Base. Every transaction can be publicly verified through the BaseScan block explorer.
Entry 6. Buy → Burn → Mint
Buy → Burn → Mint is the mechanism used to regulate the supply of the 8LNDS token. The platform buys 8LNDS on the open market through Uniswap, burns part of the purchased tokens, and mints new ones based on actual Proof of Loan activity. The total supply is capped at 100 million tokens and cannot be exceeded. This creates a controlled supply with a fixed maximum, rather than a traditional deflationary mechanism.
Entry 7. Buyback (Buyback Badge)
Buyback is a guarantee that the principal loan amount will be repaid by a third party, not by the platform or Maclear AG. If a borrower defaults and the payment is more than 60 days overdue, the partner buys the investor's position and repays the full loan principal under the program terms, without waiting for the collateral to be liquidated. Projects secured by Buyback have the Buyback badge. Because of this additional protection, these projects usually offer a lower interest rate.
Entry 8. CASP (Crypto-Asset Service Provider)
CASP is the license required for crypto-asset service providers under MiCA. It applies to companies serving EU clients, including crypto exchanges, custodians, brokers, exchange services, and token issuers. 8lends does not require a CASP license for its current crowdlending products because its business model does not fall under the MiCA definition of a crypto-asset service and operates under different regulatory frameworks, including Money Services Business regulations.
Entry 9. Claim
A claim is the action of withdrawing funds from a smart contract to your wallet. On 8lends, the term is used in two contexts:
— Claim USDC: withdrawing accrued interest or the loan principal to your non-custodial wallet. This is permissionless and does not require platform approval.
— Claim 8LNDS: receiving unlocked 8LNDS tokens from the vesting contract. Once claimed, these tokens can be swapped for USDC directly through the platform interface.
Entry 10. CLEARCHAIN CORP
CLEARCHAIN CORP is a Canadian company registered with FINTRAC as a Money Services Business (registration number C100001102, valid until August 31, 2028). It operates the 8lends crowdlending business within the Canadian MSB framework. The company is responsible for raising investor funds, financing borrowers, routing funds, KYC/KYB, AML/CFT procedures, and sanctions screening. It is referenced in the context of the MiCA narrative.
Entry 11. Collateral
Collateral is the real-world assets a borrower pledges to secure a loan on 8lends. These may include equipment, inventory, real estate, and accounts receivable. The collateral is verified and assessed by the Maclear AG team before the project is listed. If the borrower defaults, the collateral is sold, and the proceeds are distributed among investors in proportion to their investment.
Entry 12. Collateral Agent
A Collateral Agent is an independent organization that manages collateral on behalf of all investors in a project. On 8lends, this role is handled by Maclear AG (Switzerland). The Collateral Agent verifies the collateral before the project is listed, formalizes the security, monitors it throughout the loan term, and initiates the sale of the assets if the borrower defaults.
Entry 13. Collateral Realization
Collateral Realization is the process of selling collateral after a borrower defaults. On 8lends, this process is handled by Maclear AG as the Collateral Agent in accordance with the borrower's local jurisdiction. It usually takes 6 to 18 months, depending on the type of collateral and the jurisdiction. Recovery rates generally range from 60–90% for real estate, 40–70% for equipment, and 50–80% for accounts receivable.
Entry 14. Credit Rating (AAA–CCC)
Credit Rating is the borrower's credit score assigned by Maclear AG based on financial metrics, qualitative factors, and debt coverage analysis. On 8lends, ratings range from AAA (lowest risk) to CCC (highest acceptable risk). Companies rated CC, C, or D are not accepted on the platform. The rating also affects the interest rate: higher-rated projects typically offer lower rates, while lower-rated projects offer higher rates.
Entry 15. Default
Default is the status of a loan after the borrower has missed payments for 60 days (Default Trigger). On 8lends, it leads to two possible outcomes: for projects with Buyback, a third party repays the full loan principal under the program terms; for standard RWA projects, Maclear AG, acting as the Collateral Agent, sells the collateral and distributes the proceeds among investors in proportion to their investment.
Entry 16. Default Trigger
A Default Trigger is the formal point at which a borrower is declared to be in default. On 8lends, it is activated on the 61st day of missed payments if no satisfactory resolution plan has been agreed upon. Once triggered, Maclear AG begins the collection process by freezing the collateral through legal procedures, issuing a formal notice, notifying investors, suspending future payments, and applying penalty interest.
Entry 17. EFTR (Electronic Funds Transfer Report)
EFTR is a report for international electronic fund transfers of CAD 10,000 or more that Money Services Businesses must submit to FINTRAC. It is a legal requirement under the PCMLTFA for regulated financial service providers and applies to CLEARCHAIN CORP in connection with its crowdlending activities.
Entry 18. Enforcement
Enforcement is the legal debt recovery process initiated by Maclear AG as the Collateral Agent after a borrower defaults. It includes taking control of the collateral, selling the pledged assets, and distributing the proceeds among investors in proportion to their investment. Enforcement begins only after all soft collection methods have been exhausted.
Entry 19. ESMA (European Securities and Markets Authority)
ESMA (European Securities and Markets Authority) is the EU regulator responsible for financial markets. On June 23, 2026, it issued guidance on how unlicensed crypto providers must operate after July 1, 2026. Under this guidance, unlicensed providers must stop onboarding new clients, cease marketing their services, and only process withdrawals and position closeouts.
Entry 20. FATF Travel Rule
The FATF Travel Rule is a Financial Action Task Force requirement that mandates the exchange of information between service providers for cryptocurrency transfers exceeding $1,000 or €1,000. This threshold applies in most jurisdictions. In the EU, a stricter €0 threshold for CASP services has been in effect since December 2024, meaning every transaction involving European investors is subject to the Travel Rule.
Entry 21. FINMA (Swiss Financial Market Supervisory Authority)
FINMA is Switzerland's primary financial regulator. It does not directly supervise Maclear AG but approves and oversees the self-regulatory organization (SRO) system under which PolyReg operates, including Maclear AG as a member of that SRO.
Entry 22. FINTRAC (Financial Transactions and Reports Analysis Centre of Canada)
FINTRAC is Canada's national financial intelligence agency. It regulates Money Services Businesses (MSBs), maintains a public register of registered MSBs, and monitors compliance with the PCMLTFA. CLEARCHAIN CORP is registered with FINTRAC as an MSB under registration number C100001102.
Entry 23. FSA (Financial Services Authority of Saint Vincent and the Grenadines)
The FSA (Financial Services Authority of Saint Vincent and the Grenadines) is the regulator of Alpha Systems LLC. Under the Virtual Asset Business Act 2022, it issues VASP registrations, monitors compliance with AML/CFT requirements, and maintains a public register of licensed VASPs. Alpha Systems LLC is required to maintain a statutory deposit with the FSA equal to EC$100,000 or 25% of its client liabilities, whichever is higher.
Entry 24. Gas Fee
A Gas Fee is the fee charged by the blockchain to process a transaction. On Base, gas fees are typically just a few cents and are paid in ETH, so your wallet must hold a small amount of ETH to complete any transaction on 8lends. The gas fee is paid to the Base network, not to 8lends. Investors do not pay any fees to the platform itself.
Entry 25. Impermanent Loss
Impermanent Loss (IL) is the temporary loss a liquidity provider (LP) may experience on Uniswap when the price ratio between the tokens in a liquidity pool changes. It is a mathematical characteristic of Uniswap V2 AMM pools, not a bug. The greater the price movement from the entry point, the higher the impermanent loss. This can be partially offset by trading fees earned from the pool.
Entry 26. Jurisdictional Assessment
A jurisdictional assessment is the process of verifying a client's jurisdiction during onboarding. It determines the applicable local requirements and whether the client can be served, taking into account their residency, citizenship, and sanctions status. On 8lends, this assessment is performed in addition to standard KYC/KYB, AML/CFT, and sanctions screening.
Entry 27. KYB (Know Your Business)
KYB is the process of verifying a legal entity. On 8lends, corporate clients complete verification through Sumsub by providing a company register extract together with KYC verification of the ultimate beneficial owner (UBO). The key requirement is confirming the individual's authority to represent the company. Most applications are approved on the same day. If manual review is required, the final decision is made by the 8lends team.
Entry 28. KYC (Know Your Customer)
KYC is the identity verification process that every investor must complete before investing more than $500 on 8lends. It is required under AML regulations. Verification is carried out through Sumsub, a licensed identity verification provider. The process includes uploading a government-issued ID (passport, national ID card, driver's license, or residence permit) and completing a liveness check (selfie). Your documents are stored by Sumsub, not by 8lends. The process usually takes just a few minutes.
Entry 29. Custom Pool
A Custom Pool is a dedicated investment pool for corporate investors with a minimum investment of 100,000 USDC. It is created by the 8lends team for a specific open project on the platform. The APR starts at 19% per year, with higher rates available for larger investments by individual agreement. Each transaction is handled through a dedicated account manager. All other business terms, including the collateral type, loan term, Buyback, and Collateral Agent, remain the same.
Entry 30. LCTR (Large Cash Transaction Report)
LCTR is a report for cash transactions of CAD 10,000 or more that Money Services Businesses must submit to FINTRAC. It is a legal requirement under the PCMLTFA for regulated financial service providers and applies to CLEARCHAIN CORP in connection with its crowdlending activities.
Entry 31. LP (Liquidity Providing)
LP (Liquidity Providing) is the process of providing liquidity to a Uniswap pool. A user deposits both tokens in the pair (8LNDS and USDC) in equal USD values and receives a share of the pool's trading fees (0.3% of every trade on Uniswap V2) proportional to their contribution. Liquidity can be withdrawn at any time, together with any fees earned. The main risk is impermanent loss.
Entry 32. LTV (Loan-to-Value)
LTV (Loan-to-Value) is the ratio between the loan amount and the value of the collateral: LTV = Loan Amount ÷ Collateral Value. A lower LTV means the collateral covers the loan by a wider margin, providing greater protection for investors if the borrower defaults. A higher LTV may offer a higher interest rate but also carries greater risk. The LTV is displayed on every project page.
Entry 33. Maclear AG
Maclear AG is a Swiss company and a member of the PolyReg SRO, which operates under FINMA's supervision. On 8lends, it acts as the Collateral Agent, responsible for borrower due diligence, the legal registration and monitoring of collateral, and the sale of collateral if a borrower defaults. The company has existed since before 2020 and was acquired and repositioned from software/GRC to crowdlending in 2020. The Maclear platform (its fiat product) was launched in 2022. The company is registered in Basel, Switzerland.
Entry 34. MiCA (Markets in Crypto-Assets Regulation)
MiCA (Markets in Crypto-Assets Regulation) is the European Union regulation governing crypto-assets (Regulation (EU) 2023/1114). It came fully into force in December 2024, with a transitional period ending on July 1, 2026. MiCA establishes a single regulatory framework for crypto-asset service providers across the EU. 8lends does not require a CASP license under MiCA for its current crowdlending products because its business model does not fall within the definition of a crypto-asset service.
Entry 35. MSB (Money Services Business)
MSB (Money Services Business) is a Canadian regulatory category for companies providing financial services, including money transfers, currency exchange, virtual currency transactions, crowdfunding, and payment service provider (PSP) services. MSBs are regulated by FINTRAC. Registration is valid for two years and can be renewed if all regulatory requirements continue to be met. CLEARCHAIN CORP is registered as an MSB for its 8lends crowdlending activities.
Entry 36. Multisig
A Multisig wallet is a multi-signature wallet (such as Safe, Gnosis Safe, and similar solutions) that requires approval from multiple owners before a transaction can be completed. 8lends supports corporate clients and DAOs that use distributed signature management. Multisig wallets are commonly used for corporate treasury systems that require multiple approvals for transactions.
Entry 37. Non-custodial Wallet
A non-custodial wallet is a crypto wallet where the user owns the private keys and has full control over their funds. No third party can access, freeze, or recover the assets. Examples include MetaMask, Trust Wallet, Coinbase Wallet, and Rabby. On 8lends, investors connect a non-custodial wallet to invest, while the platform never stores private keys. During an active investment, funds are held in an audited smart contract on Base.
Entry 38. PCMLTFA (Proceeds of Crime (Money Laundering) and Terrorist Financing Act)
The PCMLTFA is Canada's anti-money laundering and anti-terrorist financing law. It provides the legal framework for FINTRAC and Money Services Businesses (MSBs). The Act establishes requirements for compliance, reporting, recordkeeping, and sanctions screening for regulated financial service providers in Canada.
Entry 39. PEP (Politically Exposed Person)
A PEP (Politically Exposed Person) is someone who currently holds or has previously held a prominent public position, such as a government official, a director of a state-owned company, or a close family member or associate of such a person. 8lends does not accept PEPs without Enhanced Due Diligence. All investors must confirm their PEP status during registration.
Entry 40. POA (Proof of Address)
POA (Proof of Address) is a document that confirms an investor's residential address. It may be requested in certain verification cases. Accepted documents include utility bills, bank statements, tax notices, and lease agreements issued within the last three months that show the investor's full name and residential address.
Entry 41. PolyReg SRO
PolyReg Services GmbH is a Swiss self-regulatory organization (SRO) recognized by FINMA. Maclear AG is a member of PolyReg SRO, meaning it operates as a regulated financial intermediary under Swiss AML legislation. Membership in the SRO provides the regulatory framework under which Maclear AG conducts its business.
Entry 42. Price Impact
Price Impact is the effect a trade has on a token's price in a Uniswap AMM pool. For example, in a pool with $100,000 in liquidity, a $5,000 sale results in a price impact of approximately 5%. For large trades, it is generally better to split the transaction into several smaller trades executed over time. If the price impact is high, it may be better to wait for the pool's liquidity to increase or use an OTC trade.
Entry 43. Primary Market
The Primary Market is the main investment market on 8lends, where new projects in the Open stage are listed and accept investments. Investors can browse available projects, review borrower profiles and credit ratings, and invest directly. The minimum investment is 100 USDC. Once the funding pool closes, the project moves to the Funded stage and no longer accepts new investments. After that, the only way to enter the investment is by buying an existing position on the Secondary Market.
Entry 44. Project Statuses
Main project stages on 8lends:
— Open — the project is active and accepting investments.
— Funded — the funding pool has closed, the loan has been issued to the borrower, and interest has started accruing.
— Repaid — the borrower has fully repaid the loan, including interest. Investor funds have been returned.
— Not Funded — the project did not reach the minimum funding amount. Investor funds are automatically returned to their wallets through a smart contract.
Entry 45. Proof of Loan (PoL)
Proof of Loan (PoL) is the main mechanism for earning 8LNDS tokens on 8lends. After the investment pool closes, each investor receives 8LNDS tokens equal to 6% of their investment amount. The calculation is: Tokens_PoL = Investment_USDC × 6% ÷ Price_8LNDS. The 8LNDS price is fixed when the funding pool closes. Tokens are distributed according to the vesting schedule: 2.5% unlocks immediately, followed by another 2.5% each week for 39 weeks (40 unlocks in total). This applies regardless of whether KYC verification has been completed.
Entry 46. Recovery Rate
Recovery Rate is the percentage of funds recovered from the sale of collateral after a borrower defaults. It depends on the type of collateral and the jurisdiction. Typical recovery ranges are 60–90% for real estate, 40–70% for equipment, 50–80% for accounts receivable, 30–60% for inventory, and 20–80% for company shares. Recovery rates are not guaranteed and depend on market conditions, the speed of the recovery process, and legal complexity.
Entry 47. Reverse Solicitation
Reverse solicitation means that the client initiates contact with the provider. Under this mechanism, an EU client independently approaches a provider outside the EU rather than responding to the provider's marketing or promotional activities. This is the key requirement under Article 61 of MiCA and forms the legal basis for European investors to access 8lends without the provider holding a CASP license.
Entry 48. Reward System
The Reward System is the smart contract responsible for distributing 8LNDS tokens on the 8lends platform. The Proof of Loan mechanism runs through the Reward System, including bonus calculations, the minting of new tokens, the Buy → Burn → Mint supply mechanism, vesting, and the token unlock schedule. All of these processes are fully automated on-chain and do not require any manual action by the team.
Entry 49. Risk Scoring
Risk Scoring is the 8lends risk assessment system that assigns each borrower a credit rating from AAA to CCC. The assessment is performed by Maclear AG using more than 40 factors, including financial stability, credit history, collateral liquidity, the business model, and supporting documentation. The rating determines the interest rate at which the borrower can raise funds. Companies that do not meet the minimum rating requirements are not listed on the platform.
Entry 50. RWA (Real World Assets)
RWA (Real World Assets) are real-world assets used as collateral for loans on 8lends. Unlike crypto-backed DeFi loans, every loan on 8lends is secured by tangible business assets such as equipment, inventory, real estate, or accounts receivable. It is important to distinguish between two different models: RWA tokenization (turning an asset into a tradable token, as used by Ondo and BlackRock BUIDL) and RWA-backed lending (using the asset as loan collateral, which is the model used by 8lends).
Entry 51. Secondary Market
The Secondary Market is 8lends' marketplace where investors can sell active investment positions before the loan reaches maturity. This allows investors to exit early if their plans change. The buyer receives all future payments from the project. The seller pays a 10% commission, while the buyer pays no fees. Only full positions in the Funded stage can be sold. Investors who purchase a position on the Secondary Market do not receive the Proof of Loan bonus—the 8LNDS tokens remain with the original investor.
Entry 52. Simplified Due Diligence (SDD)
Simplified Due Diligence (SDD) is a simplified identity verification procedure for low-value transactions. It is permitted under FATF AML standards for transactions below certain thresholds. On 8lends, it allows users to invest up to $500 without completing full KYC. However, an AML wallet check is still required for every investment.
Entry 53. Slippage
Slippage is the difference between the expected price and the actual execution price of a trade on a DEX. It defines the maximum acceptable price deviation when a transaction is executed. For low-liquidity pools, the recommended slippage tolerance is 0.5–1.0%. Larger trades may require a higher tolerance, but this also increases the risk of front-running.
Entry 54. Smart Contract
A Smart Contract is a self-executing program deployed on a blockchain. Its terms are written directly into the contract and cannot be changed after deployment by either party, including the platform operator or the borrower. On 8lends, every loan is managed through a smart contract that automatically calculates interest, processes payments, and distributes funds to investors. Withdrawals are permissionless and do not require platform approval.
Entry 55. SRO (Self-Regulatory Organization)
An SRO (Self-Regulatory Organization) is an organization authorized by FINMA to supervise financial intermediaries in Switzerland. Membership in an SRO is mandatory for companies operating as financial intermediaries under Swiss AML legislation. Maclear AG is a member of PolyReg SRO.
Entry 56. STR (Suspicious Transaction Report)
STR is a Suspicious Transaction Report that Money Services Businesses (MSBs) must submit to FINTRAC. It is a legal requirement under the PCMLTFA and applies to CLEARCHAIN CORP in connection with its crowdlending activities.
Entry 57. Stablecoin
A stablecoin is a cryptocurrency whose value is pegged to a stable asset, such as the US dollar, the euro, or gold. Unlike Bitcoin or Ethereum, stablecoins are designed to minimize price volatility. USDC is the dollar-pegged stablecoin used for all investment transactions on 8lends. Its peg to the US dollar is backed by the reserves held by its issuer, Circle.
Entry 58. Sumsub
Sumsub is the licensed identity verification provider that 8lends uses to conduct KYC checks for all investors. It operates in more than 220 countries, supports over 14,000 document types, and is trusted by thousands of fintech and financial companies. Sumsub processes identity documents and selfies in real time and automatically returns verification results. It complies with KYC, AML, and GDPR requirements. All documents are stored by Sumsub, not by 8lends.
Entry 59. Sumsub KYT (Know Your Transaction)
Sumsub KYT is an automated AML verification service for crypto wallet addresses. 8lends uses it to check every wallet before an investment is processed. It is integrated with sanctions databases (OFAC, UN, EU, HM Treasury), mixers (including Tornado Cash and Samourai Wallet), darknet marketplaces, ransomware addresses, and high-risk jurisdictions. It returns both a risk score and a risk category.
Entry 60. Swap to USDC
Swap to USDC is a feature in the 8lends account interface that lets users exchange 8LNDS for USDC. The trade is routed through the Uniswap V2 pool on Base, so there is no need to import the token into MetaMask or use the Uniswap interface separately. The exchange rate and fees are the same as trading directly on Uniswap.
Entry 61. Tier-1 Listing
A Tier-1 listing is the listing of a token on a major centralized cryptocurrency exchange. Once 8LNDS is listed on a Tier-1 exchange, users will be able to buy it directly through supported exchanges. Until then, the token can only be earned through Proof of Loan (+6% of the investment amount) and sold through Swap to USDC or Uniswap.
Entry 62. UBO (Ultimate Beneficial Owner)
A UBO (Ultimate Beneficial Owner) is the individual who ultimately owns or controls a legal entity. In most cases, this is a person who owns more than 25% of the company's shares or voting rights, or otherwise exercises effective control over the business. On 8lends, UBO identification is required during KYB verification. All UBOs must complete KYC verification through Sumsub and undergo sanctions screening.
Entry 63. USDC
USDC is a stablecoin issued by Circle and pegged 1:1 to the US dollar. One USDC is designed to maintain the value of one US dollar. Every token in circulation is backed by cash or short-term U.S. Treasury securities and is covered by monthly independent attestations. On 8lends, all investments, interest payments, and principal repayments are made in USDC, combining the stability of the US dollar with the speed and programmability of blockchain transactions.
Entry 64. VASP (Virtual Asset Service Provider)
A VASP (Virtual Asset Service Provider) is a legal entity that provides virtual asset services, such as cryptocurrency exchange, transfers, or custody. VASPs are required to register with the relevant financial regulator. Alpha Systems LLC, the operator of 8lends, is registered as a VASP under the Virtual Asset Business Act, 2022, and operates under the supervision of the FSA of Saint Vincent and the Grenadines.
Entry 65. Vesting
Vesting is the gradual release of tokens according to a fixed schedule. On 8lends, 8LNDS tokens earned through Proof of Loan are subject to vesting: 2.5% unlocks immediately after the investment pool closes, followed by another 2.5% each week for 39 weeks. This results in a total of 40 unlocks. The schedule is enforced by a smart contract and cannot be accelerated. Vesting is designed to reduce selling pressure and encourage long-term participation in the ecosystem.
Entry 66. Distribution Waterfall
A Distribution Waterfall is the order in which funds recovered from the sale of collateral are distributed after a borrower defaults. The distribution follows this sequence:
— 1. Maclear AG's legal and operational recovery costs (typically 5–15% of the recovered amount)
— 2. Overdue interest owed to investors
— 3. Loan principal repaid to investors in proportion to their share of the funding pool
— 4. Accrued penalty interest (if applicable)
Entry 67. 8LNDS Token
The 8LNDS Token is the native token of the 8lends ecosystem on the Base network. It can currently only be earned through the Proof of Loan mechanism, which rewards investors with 8LNDS equal to 6% of their investment through the Reward System smart contract. Direct purchases are not yet available and will become possible after a Tier-1 listing. Contract address: 0x55f9c8992fc4abce5aca585bf8f18284a2379d4c. Maximum supply: 100,000,000 tokens. The token supply is managed through the Buy → Burn → Mint mechanism.