Buy DEGEN through the official pool and you have enlisted. There is nothing to sign up for and nothing to sign.

• You need at least 22,123 DEGEN to hold a position at all.
• Only trades on the official pool count.
• Tokens that arrive by transfer do not count. Only tokens you bought, with something paid for them, are hot.
• The field forms during Boot Camp, which lasts 3 days and needs 50 soldiers. If it does not fill, it waits another 3 days, up to 6 days in total, and is then called off.

Every 6 hours there is a Cut. How many fall depends on what the market did, not on what anyone says about it.

• The line held — more was bought than sold — 5% of the field falls.
• Retreat — more was sold than bought — 15% falls instead.
• Sell below the minimum balance and you're removed at the next Cut, first and in addition to the ranked Cut.

Who falls is decided by a score with three parts: how long you have held (60% of it), what you have scavenged (30%), and your return (10%, capped at 50% either way so size cannot buy a rank). Anyone within 10% of the line is shown as under fire.

A sell of 487,566 DEGEN or more drops loot on the field for 15 minutes. Buy inside that window and you pick it up.

• Scavenged points are locked for 1 day.
• Sell before they unlock and you forfeit them, in the same proportion as the tokens you sold.

When the field is down to the top 20% — at most 100 soldiers — the Last Stand begins. Rounds shorten to 1 hour and 10% falls at each Cut, until 10 are left. A game that reaches 14 days ends where it stands.

The war chest is split 70% to the survivors and 30% equally across everyone who reached the Last Stand, winners included. A finalist who sells below the minimum forfeits their share; one who is simply outranked keeps it.

These are shares of a pool, not amounts. This is a shadow game: it follows a real market and records a real result, but there is no prize and nothing to claim.