pute is one coin, one pool and 100 machines. the pool's liquidity is cut into 100 price bands stacked end to end and each band belongs to one machine. when the price is inside a band that machine is running: every swap that happens there pays it the fee, and nothing else ever pays a machine.

a machine is an nft with three parts. eight bytes of spec written at mint from the last job hash, where byte 0 is the clock and sets the swap fee between 0.80% and 1.51%. an account of its own where sol fees land and move with it when it sells. and its band, whose coin fees are held as memory and compacted back into the band as locked liquidity.

a swap over the flip threshold rolls one bit of one machine's spec against that machine's ecc byte. a landed flip can raise or lower a fee, move a machine across a class line, or only change the drawing. flips are weather, not a lottery.

mint payments, sale royalties and compacted coin are locked in the pool for good. nothing here runs on a clock. if nobody trades, nothing moves.