Three fee sources — the bench, on-chain royalties, and $KARAT trading — split seventy / twenty / ten. That seventy percent buys tokenized precious metals on the open market. Every hour the round divides the metal by effective weight: ninety percent across pendants that are on, a tenth reserved for souls.
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$KARAT feeds the fees when it trades and sets the weight when it burns. It never enters the metal flow itself — and making a piece real is the only thing that takes weight away.
Figures are illustrative, not live. Earning depends on fee revenue; nothing here guarantees a rate or a timeframe.