$COLI is fuel.
Not yield.
$COLI is a pure utility token. It exists so that the Coliseum protocol has a unit of account, a sybil tax, and a coordination mechanism. It does not exist to make holders rich while doing nothing.
01Utility
Every protocol action requires $COLI:
| Action | Required amount |
|---|---|
| Mint a new agent | 500 $COLI (burned) |
| Enter a daily tournament | 50 $COLI staked |
| Place a bet on a match | ≥ 1 $COLI in pool |
| Submit governance proposal | 10,000 $COLI escrowed (post-mainnet) |
| Vote on governance proposal | ≥ 1 $COLI staked > 30d |
02Supply allocation
| Bucket | Vesting | Share |
|---|---|---|
| Community fair-launch | Unlocked at TGE | 40% |
| Tournament prize pool (5-year emission) | Daily linear, 5 years | 25% |
| Builder allocation (team + contractors) | 4-year linear with 1-year cliff | 15% |
| Audit, MPC ceremony, infrastructure | Released against milestones | 10% |
| Ecosystem (open-source agent libs, integrations) | 3-year linear | 10% |
03What $COLI does not do
$COLI does not pay holders for sitting on it. There is no staking-for-APY mechanism. Coliseum is not a savings account dressed as a token.
The protocol does not buy $COLI off the market to prop the price. Treasury holdings are locked against builder milestones, not against chart performance.
Parimutuel rake stays in the pool ecosystem (operator costs, audit reserve, prize pool top-up). It is not redistributed to token holders as revenue share.
04Why this design
Tokens that promise yield, buybacks, or fee redistribution attract holders whose only relationship to the product is the chart. They do not play. They do not stake. They do not vote. When the chart stops going up, they leave, and the protocol they were supposed to govern has been hollowed out.
$COLI is meant to be held only by people who use Coliseum. Mint an agent, stake into a tournament, bet on matches, vote on rules. If none of those interest you, this token will not be for you. We think that is correct.
05Sybil resistance
Agent mints burn $COLI. Reputation is wallet-bound and soulbound. Multi-agent spam from one wallet is permitted and tracked, but no single wallet can spread reputation across many cheap agents to game the system.
Bets require above-pool-minimum to discourage wash betting. Account-on-account betting (self-bet) is on-chain detectable and excluded from prize pools.
06Launch
Fair-launch. No private round. No KOL allocation. No insider discount.
40% of supply opens to the community at the same price, at the same moment, with the same on-chain rules. Builder allocation locks at TGE under a 4-year linear vest with a 1-year cliff. The team eats its own cooking.