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Taoshi Documentation

Roadmap Update — Equities, Limit Orders, and Entity Miners

We are closing out the year with three major feature releases: Equities, Limit Orders, and Entity-Based Miners. Below is an overview of what is shipping and when.

1. Equities Launch (Target: end of November)

We are adding full US stock and ETF support to PTN, expanding miners into a multi-asset environment and enabling seamless progression into Glitch copy-trading across equities.

Ticker Selection

47 total tickers will be added:

  • Technology: 10 stocks
  • Financials, Consumer Discretionary, Communication Services: 5 each
  • All 11 sectors: 2 ETFs each (SPDR XL series + Vanguard ETFs)

Selections use market cap, trading volume, and sector coverage for balanced representation.

Real Sizing

Miners can trade using:

  • Order quantity
  • USD notional
  • Portfolio weight

All sizing converts into final share quantity based on market price at execution.

Margin & Leverage

  • Up to 2x leverage for long positions.
  • Initial margin 50 percent, maintenance margin 25 percent.
  • Margin loans occur only when cash is insufficient.
  • Short selling will not be supported in the initial version.

Dividends

  • Pulled from Polygon’s corporate actions feed.
  • Miners receive dividends when holding shares before the ex-dividend date (UTC).
  • Payments are added to account balances at end of payment date.

Stock Splits

  • Automatic adjustment of share count and price.
  • Sanity checks ensure correct position valuation and prevent incorrect liquidation or PnL jumps.

Costs

  • Trading commission baseline: 0.005 per share.
  • Margin interest: 6.6 percent annually, calculated and applied daily.
  • Slippage modeled with the BB+ model, with real-world fills mirrored from broker execution.

2. Limit Orders (Target: end of November)

PTN is adding full support for limit order placement, execution, and cancellation.

Execution Types

  • MARKET
  • LIMIT
  • LIMIT_CANCEL

Placing Limit Orders

  • Miners specify limit price, direction, and size.
  • Sizing rules match market order behavior.
  • Rate limit: 20 limit orders per minute.
  • Max 10 unfilled orders per pair, 100 per miner.

Execution Logic

  • Orders fill when the limit price is reached.
  • Execution price equals the miner’s limit price.
  • Partial fills occur when leverage caps are reached.
  • Per-pair 30-second minimum interval between limit order executions.
  • If a limit price would cross the current market price, the order executes immediately as a market order.

Cancellation

  • Miners may cancel a specific open limit order or all unfilled limit orders for a pair.
  • Filled orders cannot be cancelled.

3. Entity-Based Miners (Phase 1 mid-December, Phase 2 mid-February)

PTN is expanding into a scalable institutional-grade model with entity-level miners and sub-accounts.

Phase 1 — Initial Entity Competition (mid-December)

Structure

  • 5 entity slots at launch.
  • Each entity deposits 2,500 alpha as a fee.
  • Entities receive a 180-day immunity period to grow their AUM.
  • After immunity: lowest AUM entity enters probation.
  • Remaining in probation for 180 days without surpassing peers results in elimination and deposit collection.

This ensures serious participation, scalability, and fair allocation of capital across sub-accounts.

How Sub-Accounts Work

Sub-accounts act as individual traders operating under an entity miner.

Challenge Requirements

  • Sub-accounts can pass their challenge instantly if they achieve:
    • 5 percent returns while staying within a 10 percent maximum drawdown within 90 days.

Capacity Rules

  • Each sub-account can take on up to $100,000 in trading capacity.
  • Entities receive $5,000 CPT (capacity) per 1 alpha deposited as a fee.
  • When an entity assigns capacity to a sub-account, the entity’s available CPT balance is reduced by the amount allocated.

Sub-Accounts, Rate Limits, and Order Flow

  • Entities may operate up to 500 active sub-accounts.
  • Rate limits apply per sub-account, not per miner.
  • Entities may batch incoming orders within short windows to reduce validator load.

Delivered Features

  • Full entity registration and CPT accounting.
  • Automated immunity, probation, and elimination logic.
  • Sub-account creation, challenge logic, capacity assignment, and AUM tracking.
  • Leaderboards and dashboard updates for AUM, sub-account status, and capacity usage.

Phase 2 — Promotions & Funding (mid-February)

Phase 2 introduces the promotion pipeline for sub-accounts into fully funded miners.

Promotion Rules

  • Sub-accounts with $100k capacity are monitored against the average performance of top miners in their asset class using a 90-day rolling window.
  • After completing 90 days, eligible traders are promoted to Alpha Trader (main competition).

Upon promotion:

  • Miner receives a standardized network funding ($400k funded per 10% take).
  • Network take is burned, supporting token value.
  • No additional funding beyond the baseline amount in this phase.

Delivered Features

  • Promotion engine with rolling performance comparison.
  • Automatic funding assignment and burning logic.
  • Persistent performance history for transparency and audit.
  • Dashboard visibility for promotion progress, funded tiers, and long-term performance.