1. Abstract

PipsFarm ($PIPS) is a Decentralized Fund (DeFund) launched within the Hunt Town Co-op ecosystem on the Base network, powered by Mint Club's bonding curve infrastructure. It represents a first-of-its-kind bridge between Web3 community token mechanics and live Forex trading, a niche that remains almost entirely unexplored within the decentralized finance space.

The premise is simple: proceeds from $PIPS trading activity on the bonding curve are directed into a live Forex trading account on Bybit. All trading performance is publicly auditable in real time through Myfxbook. When conditions allow, the operator declares a Harvest Event, a discretionary distribution of USDC profits to $PIPS stakers via Mint Club's native staking infrastructure, alongside an ecosystem reinvestment allocation within the Hunt Town Co-op.

This document describes the project's mechanics, distribution framework, risk disclosures, and the operator's stated, though non-binding, intent and good faith commitments to the community.

2. The Opportunity: Forex Meets Web3

The global Forex market processes over $7 trillion in daily volume, making it the largest and most liquid financial market in the world. Yet, despite this scale, Forex trading has remained almost entirely disconnected from the decentralized finance ecosystem.

Most Web3 DeFund experiments focus on on-chain asset management: token swaps, yield farming, or liquidity provision. Very few have attempted to connect community-owned capital to traditional financial markets with full transparency. PipsFarm occupies this gap.

What makes this possible today is the convergence of three enabling technologies:

• Mint Club's bonding curve and staking infrastructure on Base, providing no-code token issuance and USDC reward distribution.
• Bybit's Forex CFD trading infrastructure, providing a regulated, accessible trading environment.
• Myfxbook's live performance verification layer, providing an immutable, public audit trail of every trade, in real time.

Together, these three pillars enable something genuinely new: a community token where the underlying activity is verifiable real-world trading, not on-chain speculation. Trust is not assumed; it is shown.

3. Project Mechanics

3.1 The Token: $PIPS

$PIPS is a bonding curve token issued on the Base network via Mint Club, within the Hunt Town Co-op ecosystem. It is backed by HUNT, the reserve token of the Co-op, giving it intrinsic on-chain liquidity from inception.

Key characteristics of the $PIPS bonding curve:

• Price is algorithmically determined by the curve; no external market makers are required.
• Minting $PIPS locks HUNT into the bonding curve pool. Burning $PIPS returns HUNT to the seller.
• Creator royalties from trading activity flow to the operator's wallet, forming the primary source of Forex capital.

$PIPS tokens exist in two states within the PipsFarm ecosystem: stakeable and non-stakeable. Non-stakeable $PIPS held in wallets may be the target of Co-op reinvestment activities at the operator's discretion.

3.2 The Trading Account

All Forex trading takes place within a dedicated account on Bybit, a globally recognized derivatives and spot trading exchange. Trading is conducted by the operator on CFD instruments within the Forex market, including major, minor, and select exotic currency pairs.

The Bybit account is connected to a verified, publicly accessible Myfxbook profile. This provides any community member with real-time access to:

• Account equity and balance history.
• Trade-by-trade breakdown including entry, exit, and duration.
• Aggregate statistics: win rate, drawdown, profit factor, and more.

The Myfxbook link is published in all PipsFarm community channels and kept active for the life of the project.

3.3 The Harvest Event

The Harvest Event cycle follows this flow:

Periods that close at a loss or breakeven result in no Harvest Event. No compensation, rollover, or make-up distribution is owed for missed periods. The farming simply waits for the next harvest season.

4. Distribution Framework

The following table reflects the operator's stated target allocation applied to realized profits at each Harvest Event. These figures represent good faith intent; they do not constitute a contractual obligation. See Section 7 for full discretionary authority terms.

4.1 Operator Fee (20%)

The operator fee compensates the active trader for time, expertise, risk capital management, and operational costs. A 20% performance allocation is consistent with institutional fund management standards and is applied transparently before any community distribution.

4.2 Compounding (32%)

The compounding allocation is retained within the Bybit trading account to grow the fund's capital base. A larger capital base generates larger absolute profits; this benefits all future Harvest Event participants proportionally. It is the engine of sustainable long-term growth.

4.3 Community: Staking Pool (30%)

This allocation is the primary benefit available to $PIPS stakers and is activated by the Harvest Event itself. The sequence is as follows: when the operator declares a Harvest Event and withdraws profits from the trading account, a new staking pool is simultaneously created on Mint Club. This pool is funded with the 30% USDC allocation and opened to participants at that moment.

Key mechanics of each staking pool cycle:

• Each pool is created fresh at the time of the Harvest Event; there is no pre-existing pool to stake into beforehand.
• The pool has a defined opening and closing date, both set at the operator's discretion at the time of creation.
• Each pool remains open for a minimum of 7 days, giving participants a meaningful window to stake their $PIPS and accumulate USDC rewards.
• Once the pool's end date is reached, it closes and displays as "Ended" on Mint Club. No further staking or reward accrual occurs in that pool.
• The next Harvest Event creates an entirely new pool. Each cycle is independent.

Staking is a deliberate action taken within the active window of each pool. Holding $PIPS without staking during an open pool does not entitle any wallet to that cycle's USDC distribution.

4.4 Community: Co-op Reinvestment (18%)

This allocation is deployed entirely at the operator's discretion to strengthen the PipsFarm position within the Hunt Town Co-op ecosystem. The primary action is the purchase of $HUNT on the open market. From that position, the operator may deploy the acquired $HUNT through any combination of the following:

• Mint other Co-op project tokens, participating as a backer within the Hunt Town ecosystem and contributing to shared TVL growth.
• Purchase Hunt Town Building NFTs, which grant daily Backing Points (BP). These BP are used to actively back and support other builders' projects within the Co-op on a recurring basis, positioning PipsFarm as a sustained contributor to the ecosystem.
• Deposit $HUNT into staking, generating yield that can be recycled into future Co-op Reinvestment cycles.
• Create $PIPS staking pools with $HUNT as the reward token, offering community members an additional incentive layer: stake $PIPS, earn $HUNT.
• Mint $PIPS directly using $HUNT, producing non-stakeable $PIPS. These tokens may subsequently be burned to reduce the circulating supply of $PIPS, applying deflationary pressure on the token over time.

No pre-commitment is made to any specific deployment path within this category. The operator selects the combination that best serves the project and ecosystem at each Harvest Event cycle.

5. Staking Mechanics

The PipsFarm staking pool is created and operated using Mint Club's native staking infrastructure, independently audited by CertiK. The mechanics are as follows:

• Users navigate to the Mint Club staking section and locate the $PIPS pool.
• Users deposit (stake) their $PIPS tokens into the pool. Staked tokens remain the property of the staker and may be withdrawn at any time, subject to any lock period defined at pool creation.
• At each Harvest Event, the operator deposits USDC into the reward pool.
• Stakers claim their proportional USDC allocation through the Mint Club interface.

The staking pool reward token is USDC. Rewards are derived from Forex trading profits, not from token emissions or inflationary mechanics. There is no APY promise and no guaranteed return rate.

6. Risk Disclosures

6.1 Trading Risk

Forex CFD trading is a leveraged activity. The operator may experience extended drawdown periods, margin calls, or complete loss of trading capital. In such scenarios, Harvest Events would cease indefinitely. No recovery mechanism or capital guarantee exists.

6.2 Token Market Risk

$PIPS is a bonding curve token whose price is determined algorithmically. It may be worth significantly less than its purchase price at any given time. Selling pressure from large holders can cause rapid price decline. The token has no intrinsic value guarantee.

6.3 Smart Contract Risk

The Mint Club staking contract has been audited by CertiK. However, no smart contract is entirely free from risk. Exploits, bugs, or unforeseen interactions with other contracts remain possible.

6.4 Operational Risk

The project is operated by a single individual. Illness, unavailability, regulatory action, or loss of access to trading or blockchain infrastructure could interrupt or permanently halt project operations without notice.

6.5 Regulatory Risk

The legal status of community token distributions and their relationship to securities law varies by jurisdiction and evolves continuously. Participants are solely responsible for understanding and complying with the laws applicable to them in their own jurisdiction.

7. Operator Discretionary Authority

The distribution framework described in Section 4 represents the operator's stated good faith intent and publicly declared target parameters. It does not constitute a contract, promise, guarantee, or legally enforceable commitment of any kind.

The operator explicitly and irrevocably reserves the following rights:

• To declare or withhold any Harvest Event at any time, for any reason; including adverse trading conditions, personal circumstances, or operational considerations.
• To modify allocation percentages, distribution mechanics, staking parameters, or any other aspect of the framework.
• To determine exclusively what assets are purchased under the Co-op Reinvestment allocation.
• To suspend, pause, or permanently terminate the project at any time.

Any modifications to the publicly stated framework will be communicated to the community through PipsFarm's official channels on a best-effort basis, prior to or concurrent with implementation. This communication commitment is the operator's voluntary obligation; it is not a contractual requirement.

8. Non-Investment Declaration

PipsFarm is designed as a "for fun" experiment at the intersection of Web3 community mechanics and Forex trading transparency. Participants should engage with the project only with funds and tokens they can afford to lose entirely.

The operator makes no representation regarding the financial outcome of participation. The Myfxbook performance record is provided as a transparency tool; it is not a marketing representation of expected returns.

9. Ecosystem Position: Hunt Town Co-op

PipsFarm is a participant in the Hunt Town Co-op, a shared economy model where builder projects are interconnected through HUNT as a common reserve asset. By allocating a portion of every Harvest Event to Co-op ecosystem assets (HUNT, Building NFTs, and $PIPS liquidity), PipsFarm commits to being a net contributor to the Co-op, not merely a beneficiary of its infrastructure.

As PipsFarm generates trading activity and Harvest Events, its bonding curve pool absorbs more HUNT, increasing total ecosystem TVL and reducing circulating supply. The Co-op Reinvestment allocation extends this loop further by actively backing other builders within the community.

PipsFarm sees itself as a long-term Co-op citizen, not a transient experiment.

10. Transparency Commitment

While no legal or contractual obligation exists, the operator makes the following voluntary public commitments:

• The Myfxbook trading profile will remain publicly accessible and linked from all official PipsFarm channels for the life of the project.
• Each Harvest Event will be announced publicly before or at the time of execution, with a clear breakdown of the amounts distributed across each allocation category.
• Any modification to the distribution framework, staking mechanics, or project direction will be communicated publicly before taking effect; except in cases of immediate operational necessity.
• The operator will not misrepresent trading performance, manipulate Myfxbook data, or mislead the community regarding the state of the trading account.

Transparency is the foundation of trust in a project where the operator holds complete authority. PipsFarm's edge is not a smart contract; it is a public track record.

11. What Are $PIPS?

The name of this project is not arbitrary. In the Forex market, a pip is the fundamental unit of measurement used to express the change in value between two currencies. It is the atomic unit of profit and loss in currency trading; the building block from which every trade result is constructed.

According to Babypips.com's Forexpedia, the standard reference glossary for Forex traders worldwide:

For most major currency pairs, a pip is a movement in the fourth decimal place. If EUR/USD moves from 1.1050 to 1.1051, that is one pip. Seemingly small, yet with leverage these increments translate into meaningful real-world gains and losses across millions of dollars in daily volume.

PipsFarm is built on this unit. Every $PIPS token represents a stake in a community fund that operates entirely in pips; accumulating them trade by trade, period by period, until a Harvest Event converts that accumulated movement into distributable USDC. The token's name is both a tribute to the craft of Forex trading and a reminder of the underlying activity that gives the project its purpose.

If you are new to Forex and want to understand pips more deeply before participating, Babypips.com is the most accessible and widely respected free resource available: babypips.com/forexpedia/pip.