Make something. Give it a place onchain. Understand what happens when people collect, trade or lend against it.
Meet Canoe: a practice token that makes the movement of tokens and USDP easier to see.
Open the Canoe simulation ↓An artwork, music release or card can have its own token record. You can keep individual tokens in My Inventory; a named collection is optional in supported minting flows.
Understand collecting →A curve sets the price of newly issued units at each supply level. Buyers add USDP to its reserve; sellers return tokens to release USDP.
Follow a curve →You propose a fixed loan. A lender decides whether to fund it. The NFT is locked until the loan is cancelled, repaid or settled after default.
Follow a loan →“Onchain” means the system records ownership and transactions. It does not automatically give an asset a buyer, a cash value, copyright, or a promised return. Artwork files may be stored separately from their token record.
Imagine each purchase moving a canoe upstream along a price schedule. A purchase creates units and puts USDP into the reserve. A sale moves back down: units are destroyed and USDP leaves the reserve. The schedule can be smooth or stepped; POP’s current pilot uses steps.
Every balance and event in this box is fictional. Pressing these buttons cannot buy, mint or spend anything on your account.
SIMULATION ONLY — no wallet connection, no minting, no spendingIllustrative Canoe model: first 100 units at 0.10 USDP each, next 100 at 0.20, last 100 at 0.30. Maximum 300 units. No fees in this demonstration. These are not approved launch terms, and this page does not launch Canoe.
The 3-step example simulates Trader A buying 100 units, Trader B buying 100, then Trader A selling 50. It resets this practice model first.
Finished simulating? Real trading is on a different screen and requires an explicit review and confirmation.
Open a real Canoe launch draft → Open real creator markets →Opening a draft does not launch a token. No simulation balances carry over.
Starting at zero, buying 150 units costs 20 USDP: 100 × 0.10 plus 50 × 0.20. The reserve becomes 20 USDP. It does not cost 150 times the final price.
If other people trade after you, your exit quote can change. The reserve is shared by all outstanding units. A rising displayed price does not mean everyone can sell every unit at that price.
Background: Mint Club’s mint/burn explanation. This simulation follows POP’s native step model and uses illustrative numbers.
A creator cannot withdraw the reserve as project income. The creator gets no free allocation in the current pilot. If they want tokens, they buy under the same curve rules.
The name, symbol and steps are permanent in the current interface. There is no independent transfer tool for these curve tokens yet, and they are not automatically ERC-20 tokens in an external wallet.
Current fee and access policy is described below. A future royalty model is a proposal, not a promise attached to a token launched today.
A conventional AMM trades units that already exist against another asset held in a pool. Someone seeds both sides and holds liquidity shares. A curve issues or destroys units as people buy or sell; its reserve grows through purchases. POP/USDP uses a funded AMM. The new creator curves use their own reserve ledger.
Here it means native USDP is held against the curve’s outstanding units according to its formula. It does not establish a bank-dollar reserve, a one-dollar redemption promise, or an external cash-out route. POP’s native USDP is distinct from Paxos’s similarly named token.
For an eligible token, its owner can use Token tools to set a listing price. A buyer reviews the listing and pays; payment and NFT ownership settle together. The current ordinary token-tools sale flow uses whole POP.
An asking price is what the seller wants. A completed sale is what someone actually paid. Neither creates a guaranteed resale price. Unrelated items in My Inventory do not share a meaningful valuation just because they sit in the same inventory.
Open My InventoryThe NFT record identifies its owner and associated content. Usage rights, remix permissions, access and copyright depend on the asset’s stated terms. A transfer does not automatically transfer every right to the artwork.
There does not need to be an AMM pool for an ordinary NFT listing. It needs a buyer willing and able to pay the price. A curve token’s reserve does not back a separate NFT.
Escrow means the asset is held under settlement rules while an agreement is open. POP’s current NFT loan is between a borrower and a lender, using existing native USDP. It does not mint the loan principal.
Choose an eligible unlisted NFT, the amount to borrow, total repayment, term and request expiry. Submitting locks the NFT immediately. The borrower can cancel and unlock it while unfunded, including after request expiry.
Funding pays the principal to the borrower and starts the term. The NFT remains locked: it cannot be sold, sent, retired or pledged to a second loan through the ordinary token flows.
Full repayment before the due time returns the NFT to the borrower and pays the lender. At or after the due time, the lender can claim the NFT. The claim is an action, not an automatic background transfer.
Example: borrow 10 USDP, agree to repay 11 USDP, with a seven-day term starting when funded. The 1 USDP difference is agreed interest. Current settlement requires the full 11 USDP; there are no installments, automatic extensions or early-payment discounts.
There is no automatic NFT valuation or price-based liquidation. The lender chooses whether the proposed collateral and terms are acceptable. Taking a collateral NFT after default does not guarantee it can be sold for the debt amount.
Explore NFT loansThe reserve funds curve redemptions. A fee is separately disclosed income for a creator or the protocol. Collecting fees in native USDP does not, by itself, add external cash backing to USDP.
| Current path | What is charged here? | Where does the money go? |
|---|---|---|
| Founder curve launch | No launch charge in the current pilot | No fee allocation; no free tokens issued |
| Curve buy / sell | 0% trading fee | Buy cost into reserve; sell payout out of reserve |
| POP / USDP swap | 0% swap fee | Exchanged assets move between trader and pool; rounding stays in the pool |
| Ordinary NFT token-tools sale | No additional platform sale fee in this path | Listing payment to seller in POP |
| NFT loan | No additional platform fee in this path | Principal to borrower; agreed repayment to lender |
| Existing Minting Station launch | Creator entitlement / contribution at launch; 0.30% pool swap fee | USDP seed enters pool custody. Swap fees remain in the pool for liquidity providers; check the review screen |
These statements describe the current native paths, not all minting tools or external-network gas charges. The fee shown on a transaction’s review remains the relevant check before confirming.
One possible model is a 0.50% total fee on curve buys and sells: 0.40% to the creator and 0.10% to a dedicated POP protocol-fee treasury. That is an 80/20 split of the fee, not of the reserve. The rate, recipients and launch policy still need approval and implementation.
For a buy with a base curve cost of 100 USDP, the trader would pay 100.50: 100 to the curve reserve, 0.40 to creator earnings, 0.10 to the protocol treasury. For a sell with a gross curve return of 100, the reserve would release 100: the seller receives 99.50 and the same 0.50 fee is allocated separately.
A creator allowance could cover the one-time launch operation, avoiding a second charge for covered creators. Public pay-as-you-go launch pricing is not decided. Creator earnings and protocol income would need separate claimable balances, receipts and named beneficiaries. Protocol income could support operations and security; it would not be advertised as an insurance guarantee.
No existing zero-fee curve should silently acquire a new fee. A future launch must disclose and bind its own fee rules. No treasury recipient or new fee is configured by this guide.
The Ethereum Virtual Machine runs Ethereum-style contracts. Supporting it can make Solidity tools, standard token interfaces and familiar wallet workflows easier to reuse. POPchain’s current trading features are native settlement code; they are not a general EVM contract-deployment service.
Adding an EVM to POPchain would be a substantial protocol project: execution rules, transaction signing, gas, RPC, state consistency, indexing and security all need to work together.
EVM compatibility does not automatically share assets, users or liquidity with Ethereum, Base or another L2. Cross-chain assets need an explicit bridge or custody/mint-and-burn design, verified backing, finality rules and recovery controls. Integration by outside apps remains their choice.
A narrower first step could be a POP application or companion contract on an existing EVM network, alongside native POPchain. An external version of Canoe would still need a decision about whether it is a separate asset or a provably backed representation.
Reown offers wallet connection and onboarding tools. Its AppKit Core / Universal Provider route supports custom-network integrations, but the wallet still needs to understand that network’s accounts and signing methods. A useful first conversation is how to pair a POP account with supported external wallets, then evaluate a native connector. This is separate from finding a USDP liquidity or redemption provider.
Read more: Ethereum’s EVM explanation · Cross-chain bridges · Reown integration options.
Checking the Trading Station’s live readiness…
POP/USDP swaps, founder-created bonding curves, ordinary NFT listings and fixed-term NFT loans have dedicated interfaces. Operations still depend on sign-in, sufficient available balances and settlement readiness.
Open Trading StationNew creator launches create a fixed-supply TOKEN/USDP pool with exact token units, USDP custody and liquidity shares. Creator Markets supports real swaps and liquidity deposits/withdrawals. Older legacy pool records do not establish verified cash backing.
Canoe’s practice model is separate from this live status. Resetting the demonstration never touches an account.