Skip to main content

​
Why there is a V2

Dollhouse contracts have no owner, no upgrade path and no switch. That protects every holder from a rule being changed under them, and it also means a rule cannot be fixed in place. The first version proved the idea: real trading, real support for the first coins, and a chain that started growing. Two of its rules held the chain back, and both were fixed in stone.
  • The buyback burned $DOLL directly. A burn removes $DOLL, but it puts nothing under the coins already on the chain, so the chain earned fees and its coins never felt them. This is the main thing V2 changes.
  • Creating a coin required a bond priced in $DOLL. As $DOLL rose, the bond rose with it, and the coins that should have become the second and third links were priced out before they were made.
Changing those rules needed a new set of contracts, and a new set of contracts needs a new genesis coin. V2 is that: a fresh $DOLL and a chain that starts from zero on the rules below. The first version’s token keeps trading on its own pool and is not part of V2.

​
The main improvement: the buyback flows through the chain

The same share of fees is removed from circulation in both versions. Where it ends up is what changed.
In V2 the buyback buys the head coin, and the only route to the head coin runs through every link above it. The $DOLL buys coin #1, and that $DOLL stays in coin #1’s pool as its reserve. The #1 buys coin #2, and stays in coin #2’s pool. Every link down the chain gains reserve on the way. The head coins bought at the end are burned, so they can never be sold back, and the reserve they pulled in stays where it landed.
The same amount of $DOLL leaves circulation as a direct burn would remove. The difference is that it now sits inside the chain as buy-side depth under every coin, instead of disappearing.
What that means for a holder:
  • Every coin on the chain gets deeper with every fee claim, not just the genesis coin. A holder of coin #3 sees the buy pass through #3 on its way to the head.
  • Round winners are bought first. Winning a round means your coin is next in the path of every buyback.
  • The chain compounds. More trading means more fees, more fees mean deeper pools under every link, and deeper pools make the next coin easier to build on. In the first version that loop stopped at $DOLL. In V2 it runs the length of the chain.
The full mechanism, including how the buy is split and sized, is on The flywheel.

​
Everything else that changed

Each of these has its own page: Launching a coin, Rounds, Tokenomics, The chain, The flywheel.

​
What first-version holders receive

A tenth of the V2 supply was bought in the transaction that created the V2 token and sent to every wallet that held the first version’s $DOLL at the snapshot, in proportion to its holding, with a cap per wallet so no single holder dominates. The full allocation went out in a single transfer per wallet. Wallets can check their allocation at dollhouse.markets/airdrop. Nothing was taken from the first version. Its fees funded buybacks and burns on its chain, and part of them funded the first V2 coin.