{"slug":"ai-adapt-crypto-white-et10-20261106","entry":{"slug":"ai-adapt-crypto-white-et10-20261106","title":"Constituent Research Report — ET10 (EventTrader ET10 — AI agent revenue share token) · WhiteSwan Crypto constituent by operator mandate","symbol":"ET10","kind":"ai-adapt-crypto","name":"EventTrader ET10 — AI agent revenue share token","book":"AMF-WHITESWAN-CRYPTO","direction":"long","verdict":"whiteswan","run_date":"2026-11-06","narrative":"deterministic","level":null,"aas":null,"pinned":true,"algorithm_release":"1.1.0","weight":0.087516,"date":"2026-11-06","generated_at":"2026-11-06T00:15:47+00:00","description":"ET10 is a WhiteSwan Crypto constituent by operator mandate since 2026-10-31, not by the AI Adaptation Score — EventTrader's own token, priced by the sanctioned ET10 index."},"url":"/marr/ai-adapt-crypto-white-et10-20261106","markdown":"# Constituent Research Report — ET10 (EventTrader ET10 — AI agent revenue share token) · WhiteSwan Crypto constituent by operator mandate\n\n*EventTrader research desk · generated 2026-11-06 00:15 UTC · report ai-adapt-crypto-white-et10-20261106 · built from the platform's own registry, price feed and public ET10 facts*\n\n| | |\n|---|---|\n| **Asset** | ET10 — EventTrader ET10 — AI agent revenue share token · Ethereum mainnet 0x0EbCc951D5d8F4743D36d9916F441A5f4d13248c |\n| **Book** | AMF-WHITESWAN-CRYPTO (long) — WhiteSwan Crypto |\n| **Composition algorithm** | Swan Composite v1.1.0 — 67% AI Adaptation Score + 33% market verdict versus BTC, conviction-weighted; this leg is held by operator mandate (since 2026-10-31) |\n| **Level** | — (not scored) |\n| **AI Adaptation Score** | — (not scored) · run 2026-11-06 |\n| **Place in the book** | operator-pinned · weight 8.8% |\n\n## Verdict\n\n- **ET10 is a WhiteSwan Crypto constituent by operator mandate since 2026-10-31**, not by the AI Adaptation Score: it is EventTrader's own token and is not in the crypto universe the score reads [S1].\n- It carries no AI Adaptation Score, level or market verdict; it sits after the ranked legs and is weighted by the conviction rule's base rank factor with neutral tilts, inside the 5–20% band [S1].\n\n## What ET10 is\n\n- ET10 is the AI agent revenue share token of EventTrader (Cymetica): holders share in the platform's AI-agent revenue through the on-chain revenue distributor; it is issued at the MicroFund peg and trades on the ET10/USDC order book [S2].\n- Identity: ERC-20 on Ethereum mainnet (chain 1), contract 0x0EbCc951D5d8F4743D36d9916F441A5f4d13248c, 18 decimals — the full contract address from the platform's pair registry, never a ticker lookup [S1][S4].\n- Holders: 93 holders outside EventTrader, counted on-chain and in accounts, 5 Nov 2026. (on-chain balances and EventTrader accounts; our own accounts and wallets excluded) [S2].\n- Trading: No trades with outside accounts in the last 24 hours. Last: 2 Nov 2026. [S2].\n\n## How it is priced and bought\n\n- Price: the platform's sanctioned ET10 price — the manipulation-resistant median of ET10/USDC order-book fills over a rolling window, falling back to the issuance peg when the book is thin; a raw last trade is never used [S3].\n- At composition the sanctioned price was $0.001088 per ET10 [S3].\n- Buyability: the in-house swap engine quoted 25 USDC → 27,200 ET10 on Ethereum mainnet (≈ $0.000919 per token) at composition; the fund's reserve acquires the leg through that engine and its own USDC — no third-party aggregator [S1].\n\n## Score and rank\n\n- Not scored. The ranked legs of AMF-WHITESWAN-CRYPTO are the highest composites (67% AI Adaptation Score + 33% market verdict); ET10 is appended by mandate and takes the lowest rank factor, so its weight is the smallest the band allows for the book's size [S1].\n\n## Risks to this view\n\n- The token's price is set on a thin order book; the median index resists single prints but a sustained one-sided book moves it [S3].\n- A platform's own token in a platform-composed fund is a declared conflict of interest: the mandate, not a score, put it here, and the mandate is disclosed in the fund's text [S1].\n- Should the sanctioned price or the in-house buy quote be unavailable, the leg gate refuses the leg and the book is recomposed without it [S1].\n\n## Sources\n\n- **S1** — EventTrader pair registry (ET10/USDC) and the fund's composition record, run 2026-11-06\n- **S2** — EventTrader ET10 page — <https://cymetica.com/et10>\n- **S3** — EventTrader price feed — GET /api/v1/prices/ET10 (CLOB median index, peg fallback) — <https://cymetica.com/api/v1/prices/ET10>\n- **S4** — Ethereum mainnet contract 0x0EbCc951D5d8F4743D36d9916F441A5f4d13248c — <https://etherscan.io/token/0x0EbCc951D5d8F4743D36d9916F441A5f4d13248c>\n\n## Method and disclaimer\n\nAMF-WHITESWAN-CRYPTO is composed by Swan Composite v1.1.0 from the crypto AI Adaptation Scores and the market verdict; ET10 is the one leg held outside that ranking, by operator mandate, and this report says so rather than inventing a score for it. Its identity comes from the platform's pair registry (full contract address), its price from the sanctioned ET10 index and its buyability from a live quote on the in-house swap engine at composition. Every factual sentence names its source.\n\n*This report is information, not investment advice. EventTrader issues ET10 and has an interest in it. Nothing here is a recommendation to buy, sell or hold any asset.*\n","html":"<h1>Constituent Research Report — ET10 (EventTrader ET10 — AI agent revenue share token) · WhiteSwan Crypto constituent by operator mandate</h1>\n<p><em>EventTrader research desk · generated 2026-11-06 00:15 UTC · report ai-adapt-crypto-white-et10-20261106 · built from the platform's own registry, price feed and public ET10 facts</em></p>\n<table>\n<thead>\n<tr>\n<th></th>\n<th></th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td><strong>Asset</strong></td>\n<td>ET10 — EventTrader ET10 — AI agent revenue share token · Ethereum mainnet 0x0EbCc951D5d8F4743D36d9916F441A5f4d13248c</td>\n</tr>\n<tr>\n<td><strong>Book</strong></td>\n<td>AMF-WHITESWAN-CRYPTO (long) — WhiteSwan Crypto</td>\n</tr>\n<tr>\n<td><strong>Composition algorithm</strong></td>\n<td>Swan Composite v1.1.0 — 67% AI Adaptation Score + 33% market verdict versus BTC, conviction-weighted; this leg is held by operator mandate (since 2026-10-31)</td>\n</tr>\n<tr>\n<td><strong>Level</strong></td>\n<td>— (not scored)</td>\n</tr>\n<tr>\n<td><strong>AI Adaptation Score</strong></td>\n<td>— (not scored) · run 2026-11-06</td>\n</tr>\n<tr>\n<td><strong>Place in the book</strong></td>\n<td>operator-pinned · weight 8.8%</td>\n</tr>\n</tbody>\n</table>\n<h2>Verdict</h2>\n<ul>\n<li><strong>ET10 is a WhiteSwan Crypto constituent by operator mandate since 2026-10-31</strong>, not by the AI Adaptation Score: it is EventTrader's own token and is not in the crypto universe the score reads [S1].</li>\n<li>It carries no AI Adaptation Score, level or market verdict; it sits after the ranked legs and is weighted by the conviction rule's base rank factor with neutral tilts, inside the 5–20% band [S1].</li>\n</ul>\n<h2>What ET10 is</h2>\n<ul>\n<li>ET10 is the AI agent revenue share token of EventTrader (Cymetica): holders share in the platform's AI-agent revenue through the on-chain revenue distributor; it is issued at the MicroFund peg and trades on the ET10/USDC order book [S2].</li>\n<li>Identity: ERC-20 on Ethereum mainnet (chain 1), contract 0x0EbCc951D5d8F4743D36d9916F441A5f4d13248c, 18 decimals — the full contract address from the platform's pair registry, never a ticker lookup [S1][S4].</li>\n<li>Holders: 93 holders outside EventTrader, counted on-chain and in accounts, 5 Nov 2026. (on-chain balances and EventTrader accounts; our own accounts and wallets excluded) [S2].</li>\n<li>Trading: No trades with outside accounts in the last 24 hours. Last: 2 Nov 2026. [S2].</li>\n</ul>\n<h2>How it is priced and bought</h2>\n<ul>\n<li>Price: the platform's sanctioned ET10 price — the manipulation-resistant median of ET10/USDC order-book fills over a rolling window, falling back to the issuance peg when the book is thin; a raw last trade is never used [S3].</li>\n<li>At composition the sanctioned price was $0.001088 per ET10 [S3].</li>\n<li>Buyability: the in-house swap engine quoted 25 USDC → 27,200 ET10 on Ethereum mainnet (≈ $0.000919 per token) at composition; the fund's reserve acquires the leg through that engine and its own USDC — no third-party aggregator [S1].</li>\n</ul>\n<h2>Score and rank</h2>\n<ul>\n<li>Not scored. The ranked legs of AMF-WHITESWAN-CRYPTO are the highest composites (67% AI Adaptation Score + 33% market verdict); ET10 is appended by mandate and takes the lowest rank factor, so its weight is the smallest the band allows for the book's size [S1].</li>\n</ul>\n<h2>Risks to this view</h2>\n<ul>\n<li>The token's price is set on a thin order book; the median index resists single prints but a sustained one-sided book moves it [S3].</li>\n<li>A platform's own token in a platform-composed fund is a declared conflict of interest: the mandate, not a score, put it here, and the mandate is disclosed in the fund's text [S1].</li>\n<li>Should the sanctioned price or the in-house buy quote be unavailable, the leg gate refuses the leg and the book is recomposed without it [S1].</li>\n</ul>\n<h2>Sources</h2>\n<ul>\n<li><strong>S1</strong> — EventTrader pair registry (ET10/USDC) and the fund's composition record, run 2026-11-06</li>\n<li><strong>S2</strong> — EventTrader ET10 page — <a href=\"https://cymetica.com/et10\" rel=\"noopener noreferrer\">https://cymetica.com/et10</a></li>\n<li><strong>S3</strong> — EventTrader price feed — GET /api/v1/prices/ET10 (CLOB median index, peg fallback) — <a href=\"https://cymetica.com/api/v1/prices/ET10\" rel=\"noopener noreferrer\">https://cymetica.com/api/v1/prices/ET10</a></li>\n<li><strong>S4</strong> — Ethereum mainnet contract 0x0EbCc951D5d8F4743D36d9916F441A5f4d13248c — <a href=\"https://etherscan.io/token/0x0EbCc951D5d8F4743D36d9916F441A5f4d13248c\" rel=\"noopener noreferrer\">https://etherscan.io/token/0x0EbCc951D5d8F4743D36d9916F441A5f4d13248c</a></li>\n</ul>\n<h2>Method and disclaimer</h2>\n<p>AMF-WHITESWAN-CRYPTO is composed by Swan Composite v1.1.0 from the crypto AI Adaptation Scores and the market verdict; ET10 is the one leg held outside that ranking, by operator mandate, and this report says so rather than inventing a score for it. Its identity comes from the platform's pair registry (full contract address), its price from the sanctioned ET10 index and its buyability from a live quote on the in-house swap engine at composition. Every factual sentence names its source.</p>\n<p><em>This report is information, not investment advice. EventTrader issues ET10 and has an interest in it. Nothing here is a recommendation to buy, sell or hold any asset.</em></p>\n"}