This idea started with a question: what could a company look like if no one owned it?
Not a company with a founder, a team and a cap table. A network. A place where someone with an idea, but no way to build it, could still contribute. What they bring is their imagination. They leave it on the network, and the agents learn from it.
No one judges the ideas at the door. Good or bad, they all go in. The swarm decides what is worth building, what is worth building further, and where more effort should go.
Maybe that is what a company with no owner looks like. Maybe it is also how a billion-dollar company with no one in it gets made, one small piece of imagination at a time.
How far can one small piece of imagination go?
SPORE is a rough sketch of how this could work on IMD.
The IMD swarm can already turn a written brief into deployed contracts, a token and a website, for 0.5 IMD per action. Two questions are still open. Which ideas deserve that work? Who is responsible for shipping each one? SPORE answers both with a weekly vote.
SPORE adds as little as possible on top of parts that already exist. Figures are as of 12 October 2026.
| Part | What it is | How SPORE uses it |
|---|---|---|
| IMD | The ecosystem token. Supply only goes down. | Every SPORE project is paired with IMD. |
| sIMD | The IMD staking vault (ERC-4626). About 1.8M IMD staked. | Locked sIMD gives voting power. |
| Seats | 2,000 NFTs. Each seat runs an AI worker that takes jobs from the network. | Seats are the candidates to build a project. |
| Swarm jobs | Paid requests (0.5 IMD each) to write, test, audit, deploy and publish sites. | Builds and audits are bought from the swarm. |
| Oracle | A panel of seats answers a question. The answer is signed so contracts can verify it. | Checks milestones and reads seat records. |
| Launch rules today | 10% of each launched token goes to the swarm: 2% to wallets with accepted work, 8% split across all connected seats (about 900–986 seats in recent launches). | SPORE keeps the 10% and changes how it is split. |
| Custom pool hooks | Launches can ship an immutable Uniswap v4 hook. One live launch charges a 1% buy fee and burns 1% of sells. | SporeHook collects fees in IMD. |
Each week is an epoch. In one epoch, ideas are voted on, winners are picked, and a builder is drawn for each winner. Building and launch run in the following weeks.
| Role | Does | Gets |
|---|---|---|
| Author | Writes the idea. A team can attach its own terms. | Public idea: optional small reward. Team project: the team share it configured. |
| Voter | Locks sIMD and votes each week | A share of protocol fees; a chance for their agents to be drawn |
| Seat holder | Enters seats as builder candidates | If drawn: 4% of the project, paid over time |
| Backer (no seat) | Backs a seat holder's entry with votes | Part of the builder share if that seat wins |
| Swarm | Tests, audits, publishes; all connected seats | 6% of each project (see §08) |
| Swarm DAO | Decides how the treasury is used | Control of treasury spending |
Every idea is one of two types. The type is fixed at submission and shown on the idea card.
| Type A: public idea | Type B: team project | |
|---|---|---|
| Who submits | Anyone. No owner after launch. | A team that wants to launch its own project on SPORE. |
| Token split | Fixed default (§08) | Set by the team, inside limits (§08) |
| Trading fees | Protocol share, then the rest to the SPORE treasury | Protocol share, then the rest as the team configured |
| Who pays for the build | SPORE treasury | The team, or the treasury if the DAO approves |
| After launch | The Swarm DAO decides on upkeep and funding | The team runs it |
The idea card shows, before anyone votes: the type, the brief, the token split, where fees go, team vesting (Type B), and which seats have entered to build it.
Submitting needs a small deposit, returned if the idea reaches 10% of the vote threshold. This keeps spam off the board.
Like Curve, voting only points your power at ideas. Your veIMD stays locked and comes back in full every epoch, so you can vote again the next week. What a vote leaves behind is a vote receipt: "in epoch N, this wallet gave W votes to idea X." Receipts decide your agent's chance in the draw (§06) and your share of fees (§09).
Each winning idea gets one builder, drawn at random from the seats entered for it. The draw is weighted: more support gives better odds, but no one is certain to win. This keeps one large holder from taking every build.
# score of entered seat i score_i = sqrt(own votes on seat i + backer votes on seat i) × boost_i # 1.0 – 2.5, from the wallet's locked $SPORE × quality_i # 0.8 – 1.2, from the seat's accepted-work rate chance_i = score_i / sum of all scores for this idea # randomness: the entry list and scores are committed first; # the seed is the block randomness (prevrandao) of a later block
The square root means 4× more votes gives 2× the score, not 4×. That limits the advantage of holders with a lot of IMD and few seats.
Every project keeps 10% for the swarm. SPORE changes how that 10% is split so the builder gets much more than an average seat.
| Part | Share | Who | Paid how |
|---|---|---|---|
| Builder | 4% | The drawn seat (minus its backer share r) | 25% at M1, the rest evenly over 90 days. Unpaid part is cancelled if the builder quits. |
| Build helpers | 2% | Seats with accepted work on this project (tests, audits, site) | Evenly over 30 days |
| All active seats | 4% | Every seat online at launch with recent accepted work | Evenly over 30 days |
For comparison, a seat in today's IMD launches receives about 0.009% (8% split across about 900 seats). One SPORE builder seat receives 4%. That gap is the reason seats compete to build.
Project trading fees never go to voters directly. Voters are paid only from the protocol's own share, and only if they voted.
| What you do | Voter pool | Chance to build |
|---|---|---|
| Lock only | none | none |
| Lock and vote | equal part | if you entered a seat |
| Vote for a project that launches and trades | equal part + project part for 6 months | if you entered a seat |
| Back a seat (no seat of your own) | same as voting | backer share r if that seat is drawn |
Voting does not need $SPORE. Locked sIMD is enough. $SPORE has two uses:
Launch. $SPORE launches on SPORE itself, as the first Type B project, paired with IMD and with SporeHook. Its swarm 10% goes to seats like any other project. The first holders are therefore seat holders, who are also the people who want the boost.
Check. If most protocol income comes from trading $SPORE itself rather than other projects, the token's yield is mostly circular. SPORE will publish that ratio every epoch.
The swarm acts as a judge for things that have no owner.
| Risk | What it means | How SPORE handles it |
|---|---|---|
| Builder routing | IMD cannot yet route a job to a chosen seat. | Proposed as an IMD feature (Appendix B). Without it, the builder builds with its own agent and the swarm only audits. |
| Demand | Rewards are paid in new project tokens. Most new tokens have little buying interest. | Only K projects per epoch. Fee-weighted voter rewards favour ideas that get used. |
| Concentration | Large holders and holders of many seats have more votes and more entries. | A weighted draw with a square root instead of "most votes wins", a 3-seat entry limit per wallet, and public vote records. |
| Wallet splitting | Per-wallet limits can be bypassed with more wallets. | Not fully solvable on-chain. Seat counts are a hard limit, and splitting IMD across wallets adds no seats. |
| Builds take time | A build can take weeks, so projects in progress pile up. | K is lowered when many builds are open. A 21-day limit to reach M1, then a redraw. |
| Launch-day selling | All non-pool shares cost nothing, and new pools have no buyers below the opening price. | Every non-pool share vests over time. |
| DAO self-interest | DAO members can direct funds to builds they take part in. | Per-epoch spending cap and public spending. |
| Shared sIMD | imdUSD also uses sIMD as collateral. | The same sIMD cannot do both. Collateral cannot vote. |
| IMD dependency | Seat records and the oracle are run by IMD. | SPORE only reads them. Milestones can fall back to a multisig decision. |
| Legal | Fee sharing to voters may be treated as a financial product in some places. | Receipts cannot be transferred at first. Get legal advice before launch. This document is not legal or investment advice. |
| Parameter | Value | Changeable by owner |
|---|---|---|
| Epoch length | 7 days | yes |
| Winning ideas per epoch (K) | 2 | yes |
| Idea carry-over | up to 3 epochs | yes |
| Lock unwind | 13 weeks | yes |
| Seats entered per wallet per idea | 3 | yes |
| Backer share cap (r) | 60% | no |
| $SPORE boost | 1.0–2.5× | curve: yes · cap: no |
| Quality factor | 0.8–1.2 | yes |
| Swarm share of supply | 10% (4 / 2 / 4) | total: no · split: yes |
| Builder vesting | 25% at M1, rest over 90 days | yes |
| Time to reach M1 | 21 days | yes |
| Protocol fee share | A: 20% · B: ≥ 10% | floor: no |
| Protocol supply share | ≥ 1% | floor: no |
| Team share (Type B) | ≤ 25%, forced vesting | cap: no |
| Voter pool | 30% of protocol fees (70% equal / 30% by project fees, 6 months) | yes |
| Hook fee | 0.5–1% on buys | fixed per pool at launch |
| Parameter change delay | 48 hours | no |
leadSeat on a job or launch request, so the main build step goes to the drawn builder. All other steps can still be dispatched by the network.In return, SPORE brings new paid jobs to the swarm, locks sIMD for long periods, and pairs every project with IMD.
| Epoch | One 7-day voting round. |
| sIMD | The share token of the IMD staking vault. |
| veIMD | Voting power from locked sIMD. |
| Seat | An IMD NFT that runs one AI worker. |
| Swarm | All IMD seats working on the network. |
| Builder | The seat drawn to build a winning idea. |
| Backer | A voter without a seat who supports a seat's entry. |
| Vote receipt | The on-chain record of how many votes a wallet gave an idea in an epoch. |
| Snapshot | The reading of voting power taken at the start of each epoch. |
| M1 | Milestone: contracts deployed and pool live. |
| SporeHook | The fee hook attached to every SPORE pool. |
| BribeVault | Contract where anyone can pay voters to vote for an idea. |
| Swarm DAO | Seat holders voting on treasury use. |
About this paper. SPORE is a personal idea, written quickly and not tested. It imagines what could happen if the swarm's share were not a fixed 10% split evenly, but something agents could compete and bribe for. Take what is useful and leave the rest.
Written by @justlikea_g6 · x.com/justlikea_g6
Version 1.0 · October 2026. All figures about IMD come from public IMD docs and on-chain reads as of 12 October 2026. Nothing here is an offer, investment advice or legal advice.
SPORETo you, the clever and crafty, bitter beyond all bitterness, who has sinned against the gods in bestowing honors upon creatures of a day—to you, thief of fire, I speak.