quoteo / whitepaper

Pricing tokenised shares from the share.

The mechanics behind every quote and every launch, in nine parts.

01Introduction

quoteo is a venue for tokenised US stocks and ETFs priced from the underlying share, with a launchpad that returns trading fees to holders. It is built around one display: what you pay per share, and how far that sits from the share itself.

02Reference price

Every quote starts from the Pyth price of the underlying stock or ETF. Signed equity prices are verified on-chain through Solana's signature instruction and the official Pyth verifier; only then is the token's current issuer multiplier applied, once.

sourcePyth price of the share

verifySignature instruction + Pyth verifier

scale× issuer multiplier, once

quotePrice per token

03Freshness

Maximum age of the source reading for a new quote	5 s
Reference refresh target on active markets	2 s
Expiry of a published reference after its reading	20 s

04Stablecoin guard

1 USDC is assumed to equal 1 USD. A separate monitor watches that assumption and halts new quotes when it does not hold.

Allowed USDC band	$0.99 – $1.01
Maximum age of the USDC reading	60 s
Missing USDC reading	quotes halt

05Sessions

Firm quotes are given only during an open US session: regular, pre-market, post-market or overnight. The session must be confirmed by both the market-hours calendar and the signed price report.

Weekends: no new Firm quotes.
Exchange holidays: no new Firm quotes.
Session cannot be verified: no new Firm quotes.
Quick is not affected by any of these.

06Quote modes

Quick: the user sets the amount paid and sees the expected output and the minimum received.
Firm: exact input, output and fee as a fixed quote from quoteo's own pool, valid for up to 10 seconds.

07Market display

Each market shows the price per share, the 24h move, the US session state and the gap to the share: the distance between the token's quoted price and the underlying share price.

08Launchpad

A launched token starts on a bonding curve. When it reaches its raise target it graduates into a locked pool, where trading continues. At creation the token is paired with SOL or a stock token. Its holders receive trading fees in SOL or in a stock token.

09Fee flow

Launch trading fees go to the token's holders, in SOL or a stock token.
Most trading fees fund buybacks and burns of the project token.
A small part funds operations.