Maturity, Decline & Shutdown

The system does not assume continuous growth, and its late-life behaviour needs no new rules: the same engine that handles a launch's first week handles its last year.

Maturity

A maturing market changes character: distribution accumulates, liquidity may deepen, volatility tends to compress. The engine adapts to all of it automatically, because it never keyed on anything but live state: the anchors move with the floor, liquidation follows real inflow, accumulation follows real discounts. No architectural change, parameter adjustment, or intervention accompanies maturity.

Decline

If demand weakens, the engine gets quieter, not busier. With no fresh inflow there is nothing to liquidate from: the pool-delta mechanism sells only out of measured new buying pressure, so a declining market structurally cannot be sold into. Accumulation continues only when price reaches genuinely value-justified levels, and otherwise capital is preserved passively. There are no forced trades, no emergency measures, and no deadline by which anything must happen. A launch can idle indefinitely at low activity without harm.

Shutdown: the deliberate ending

Shutdown exists so that failure resolves cleanly instead of rotting. The path is holder-driven end to end:

Holders initiate. Any holder of at least 0.05% of supply may propose shutdown. The arbitrator cannot; its role begins only after holders have spoken. A 7-day vote follows, under the standard quorum and majority rules.

A passed vote authorises; it does not execute. The arbitrator then has 7 days to execute the shutdown, and owes a mode determination with published reasoning. Its review is qualitative (team activity, market activity, development progress, deliverables) and decides one question: is this a project that failed with an engaged team (No-Traction, the team receives its share) or a project the team abandoned (Abandonment, the team forfeits everything)? If the arbitrator lets the window lapse, the authorisation expires and nothing happens.

Execution is one atomic transaction. Market-making halts permanently, the entire LP position is withdrawn, Treasury-held tokens are burned, and the remaining capital is positioned for claims; the full mechanics, including the mode-dependent splits, are in Shutdown & Capital Resolution.

Then everyone claims, and nothing is pushed. Token holders burn tokens for their pro-rata share of the holder pool. Supporters claim through the same path they always had. The team (No-Traction only) pulls its accelerated vesting balance. The claim window runs one year; after it closes, unclaimed value on a third-party launch may be swept by the arbitrator to the $PURE EcosystemReceiver (never to any individual), while for $PURE there is no sweep and claims stay open indefinitely.

Shutdown is permanent. It cannot be reversed, re-run, or partially applied, and a launch that never needs it simply never touches any of this machinery.