What you buy
A meme token whose liquidity depends on a dated print: the surprise of a data point against consensus, or a market thesis. It is economic exposure: it gives you no shares, dividends or votes in any company.
What it isn’t
Not CMC. Not Robinhood. Not PulseChain. Not Pulse Markets. Surprise isn’t a product of any company whose asset appears in a thesis. Vault stock tokens are third-party wrappers and are never backed 1:1 by shares in your name.
One slot per print
Each event takes a single launch. Whoever takes the slot first keeps it, even if that launch ends VOID.
How it resolves
- Two independent oracles report YES, NO or INVALID; on surprise theses, the surprise against consensus in basis points.
- If they disagree (on surprise, by more than 50 bps), an arbiter has 6 hours; otherwise the launch goes VOID.
- No report 4 hours after the event means VOID. An INVALID can be corrected for 24 hours.
- An event can be rescheduled twice; the third time, VOID.
On a beat
The token graduates to a Uniswap v4 pool with a 50 M token boost. If the launch declared a stock vault, 15% of the curve’s USDC buys that stock token, and holders claim it for 30 days by their balance 24 hours after the beat. On a surprise thesis, a beat of +25 bps or more scales the boost and the vault share: 100% from +1,000 bps, 25% at +250 bps.
On a miss, in-line or VOID
On a miss you redeem your tokens for 70% of the curve’s USDC, equally per token; on a surprise thesis, between 90% for a small miss and 70% from −1,000 bps. A surprise in line with consensus (under 25 bps either way) doesn’t graduate and is treated as VOID. On VOID you get back the USDC you put in minus trading fees already charged; if profitable sells left the curve short, refunds scale down pro rata.
Restrictions
Not available to residents of the United States, the United Kingdom, Canada or Switzerland. There is no on-chain KYC: complying with your local rules is your responsibility.
Risks
You can lose everything you put in. The curve and the pool can move violently near the event, and oracles or stock wrappers can fail.