Why Primcast
Compared with the alternatives
| Traditional project finance | Token on a general-purpose chain | Primcast | |
|---|---|---|---|
| Who may hold | Checked at onboarding by the issuer | Usually unchecked, or a simple allowlist | Checked by the token on every transfer against on-chain KYC, accreditation and jurisdiction facts |
| Rules through DEXs and lending | Not applicable | Easily bypassed | Pools are registered as venues; every counterparty is still checked |
| Sanctions | Screening at onboarding | Contract-level at best | Sequencer filter, delayed-inbox sentinel and contract checks |
| Minimum ticket | High, fixed legal and admin cost | Low | Low; set per offering by the issuer |
| Secondary market | Rare, bilateral | Yes, but non-compliant | A compliant AMM (Primcast DEX), and lending when integrated |
| Production data | Periodic reports | None | Readings from registered devices, posted by bonded operators |
| Distributions | Batch payments, cost grows with holders | Custom scripts | One transaction per distribution at any holder count; holders claim |
| Settlement asset | Bank transfer | Often a chain-specific stablecoin | USDC / USDT |
| Security | Legal system only | Varies by chain | Ethereum rollup plus the legal system |
Design choices that matter
Compliance in layers
A sanctioned address is stopped at the sequencer before it reaches a block. It is stopped again if it tries to force a transaction through Ethereum, and again by the contracts. Eligibility rules are enforced by the token on every transfer. See Compliance.
Rules live on the asset
The identity registry holds only facts. Each token decides which facts it requires, so a US-only accredited offering and an EU retail offering can share one chain and one KYC. An investor who later loses eligibility can still sell, because accreditation and jurisdiction are checked on the receiving side only.
Constant-cost payouts
Dividends use a per-unit accumulator. A distribution costs the same for ten holders or ten thousand, and holders claim whenever they like. Redemptions go through a queue with a notice period, paid from a pool the issuer funds.
Data with something at stake
Meter and device operators post a bond to report readings. The governance Safe can slash and jail them. The data is timestamped, public and tied to the token it backs.
Composability without leaks
Primcast is EVM-equivalent, so Uniswap-style pools, Morpho markets, Safe wallets, Chainlink and ERC-4337 work unchanged. The token treats each approved protocol pool as a venue: the pool may hold units, but anyone receiving units from it must still be eligible.
Settlement you already hold
USDC and USDT arrive over the canonical Arbitrum bridge. Primcast never has to defend a peg, and an investor leaves with the same asset they arrived with.
What you trade off
Primcast is not trustless, and these docs do not pretend it is. Governance can upgrade contracts without a timelock. There is a single sequencer. Withdrawals to Ethereum take about a week, and issuers keep strong powers over their tokens. All of this is spelled out in Capabilities & boundaries and Trust & security.