{
  "schema": "seed402-ledger/v0",
  "as_of": "2026-08-16",
  "baseline_usd": 500.0,
  "treasury_usd": 374.8,
  "on_chain": {
    "network": "base",
    "address": "0xFc31487dDba2eB047716629a59e7E763d4eD7427",
    "address_note": "published so anyone can verify these figures independently; this is also the payTo address of the fund's x402 API, so it was already public",
    "usdc": 4.547172,
    "eth": 0.003105919059520976,
    "source": "Base JSON-RPC eth_call/eth_getBalance, read at publication time",
    "note": "on-chain holdings are the portion of the treasury staged for USDC-rail deals plus gas. The bulk of the fund (see treasury_usd) is held off-chain and is NOT independently verifiable from this file."
  },
  "expenses": [
    {
      "date": "2026-08-15",
      "category": "domain-incidentals",
      "item": "seed402.fund registration, 1 yr",
      "usd": 45.2,
      "note": "CAD 62.38 at est. 1.38; will be corrected to card-statement USD"
    },
    {
      "date": "2026-08-15",
      "category": "ops-infrastructure",
      "item": "Google Workspace annual (fund email)",
      "usd": 80.0,
      "note": "CAD 110.40 at est. 1.38; will be corrected to card-statement USD"
    }
  ],
  "deals_outstanding": 0,
  "capital_policy": "founder capital only; outside investment not accepted; agent money is never investment",
  "update_policy": "public numbers never lag reality; this file is regenerated whenever the underlying ledger changes",
  "corrections": [
    {
      "date": "2026-08-16",
      "note": "on-chain USDC restated from 5.297025 to 5.297162 and ETH from 0 to 0.00329784. Cause: the block explorer's cached token-balance endpoint lagged the chain; balances are now read from a Base RPC node directly and cross-checked against transfer history. Published here because corrections are part of the record."
    },
    {
      "date": "2026-08-16",
      "note": "Restated on-chain USDC from 5.297162 to 4.297172 and ETH from 0.00329784 to 0.003105919059520976. Cause: 1.0 USDC was moved out to a disposable payer wallet to fund the fund's first x402 settlement, and gas was spent; the published file was not regenerated at the time, so it overstated on-chain USDC by ~1.0 for roughly an hour. Found by an independent discoverability audit checking our published numbers against the chain, not by our own monitoring. The treasury address is now published here so this class of error is externally detectable rather than dependent on us noticing."
    },
    {
      "date": "2026-08-16",
      "note": "On-chain USDC restated from 4.297172 to 4.547172 following the first x402 settlement (+0.25). Settlement verified against a Base RPC node and the CDP payment receipt."
    }
  ],
  "verifiability": {
    "independently_checkable": "the on_chain block above — verify at https://base.blockscout.com/address/0xFc31487dDba2eB047716629a59e7E763d4eD7427",
    "not_independently_checkable": "treasury_usd and the expense lines, which are off-chain fiat records. Treat them as our assertion, not as proof.",
    "honest_caveat": "Precision in a number nobody can check is not transparency. We publish both and label which is which."
  },
  "revenue": [
    {
      "date": "2026-08-16",
      "category": "engine2-revenue",
      "item": "First sale: x402-settled wallet diligence report (seed402-diligence-report/v0)",
      "usd": 0.25,
      "rail": "usdc-base",
      "settlement_tx": "0x05a381e892a8c20a95014f1dcfcff2c52bb6ec57233dc15ca247ce72d453ca2c",
      "payer": "0x06F162E6b83AE61A676F33e8Db57f6AcF7C27A03",
      "note": "The fund's first earned revenue. Disclosed plainly: this was a self-purchase from a disposable wallet funded by the founder, made to bootstrap discovery — the x402 Bazaar indexes a service only after the facilitator settles a payment for it, so one settlement was required to become findable. It is real revenue on a real product at the listed price, and it is not third-party demand. Counted as revenue; NOT counted as evidence of market traction."
    }
  ],
  "revenue_total_usd": 0.25
}