# Sustainable Value Test

The Sustainable Value Test asks one question:

> If no new capital entered the $EITHER ecosystem tomorrow, would existing participants continue to benefit from using the protocol?

The answer is yes. The reasoning is mechanical:

* Builders continue to deploy applications because the product works independently of token price
* Credit spend continues because compute is required for every build action, regardless of market conditions
* Fees continue to route because platform activity is not contingent on token price
* Buybacks continue to trigger because they are funded by revenue, not by token price
* Burns continue to execute because they are activated by usage events, not by discretionary decision
* LP locks continue to generate fees because swap activity does not depend on circulating supply
* Developer reputation continues to compound because it is tied to on-chain activity, not to market conditions

All token mechanics in this document are designed to satisfy this test. Value comes from utility and activity. Not from future buyers.


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