Tokens won’t be treated as valuable assets until ownership is clear and enforceable. Today we’re introducing the Ownership Token Index, a new framework (and upcoming dashboard) that makes tokenholder rights, value flows, and control explicit, verifiable, and comparable.

Many tokens signal ownership without providing enforceable claims. When ownership is unclear, value can be redirected, captured elsewhere, or governed by discretion rather than rules. Markets price the entire asset class down, lacking differentiation between memecoins and coins with value.

The Ownership Token Index addresses this by making tokenholder control explicit, comparable, and verifiable. Built around a set of ownership vectors that materially affect token value, it evaluates whether tokenholders can actually control or constrain the economic surfaces that determine long-term value: • Protocol upgrades and admin permissions • Revenue and fee routing • Treasury authority • Token supply and dilution controls • Value accrual mechanisms • Control over key offchain distribution interfaces, infrastructure, and IP

The methodology is grounded in contract-level analysis. We map smart contracts, permissions, upgrade authority, and value routing logic, and assess what is enforceable in practice using onchain evidence. Where economically material surfaces exist offchain, such as trademarks and interfaces, the framework evaluates whether the legal structure reinforces or undermines tokenholder ownership.