Every piece states, in the same structured way, whether the author holds a position in the asset — and roughly how large. This page explains the policy behind that.
The publication is independent because nothing it earns depends on what it concludes. The publication currently earns no revenue and is funded by its founder. If this ever changes, the source of funding will be stated here in full, before it takes effect.
We take no money — in cash, equity, tokens, or any other form — from the projects, issuers, funds, or exchanges we write about. There are no paid groups and no private signals. No sponsored or "boosted" calls. No affiliate links. No fee for access of any kind: every piece is open to everyone, permanently. Our only incentive is to be right over time, and to be seen to have been right — not to be loud today.
Every asset piece carries a structured disclosure: position (Long / Short / None), a rough size band, and the date it was stated. It is structured, not free text, so it reads the same way every time.
The size band is qualitative and relative to the publication's own holdings — never a dollar figure:
A disclosure is true as of its stated date. If the position changes materially while a thesis is still live, the change is recorded as a dated line in that piece's "Updates & Outcome" block — the original disclosure is never edited or removed. Once a thesis is closed, the disclosure stands as last stated.
Conflicts of interest: we accept no payment or consideration of any kind in exchange for coverage or for a particular view. We do not open or close a position for the purpose of trading against our own published thesis while its horizon remains open. Where a conflict cannot be resolved by disclosing it plainly, the piece is not published.
Nothing published is deleted or rewritten. Outcomes and changes are added as dated entries in the "Updates & Outcome" block at the bottom of each piece, and reflected in the track record.