Signal Fragment Math From $10M To $1B Market Cap

The Numbers, In Full

We have walked through what the fragments are and how to recover them. Today we do the math — the part where the abstract "fragments scale with market cap" turns into specific numbers you can plan around.

Everything in this post follows from a single formula:

Price = Market Cap ÷ 1 Billion.

That is the whole engine. Every fragment reward in the entire system, across all four tiers and all 576 fragments, scales linearly off that one denominator. The math is simple on purpose. There are no vesting curves on fragment rewards, no unlock schedules, no dynamic multipliers. A fragment is worth what the market cap says it is worth at the moment of recovery, full stop.

Here is what that looks like at every rung from $10M to $1B.

Fragment Value By Tier And Market Cap

That is the full per-fragment rewards table. Read across any row to see what every tier is worth at that market cap. Read down any column to see how a single tier scales as the network grows.

What These Numbers Mean

A single Common fragment rewards the same dollar value whether it was recovered in a Texas activation or a puzzle on the blog. A single Legendary rewards 30x what a Common rewards at the same market cap. A single Legendary at $1B is worth more than every Common in three average states combined.

The math does not care which state the fragment was in. It does not care whether you found it on the ground or solved a puzzle online. It does not care whether it was the first fragment recovered or the last. Same tier, same market cap, same winnings.

What A Full State Sweep Is Worth

Every state on the tour carries the same fragment allocation: four Common, one Uncommon, one Rare, one Legendary. Seven fragments per state. Same in every state.

The token weight of a single state's seven fragments adds up to 722,625 $WADZ.

How That Math Works

The per-state sweep math:

• 4 Common × 15,375 = 61,500

• 1 Uncommon × 46,125 = 46,125

• 1 Rare × 153,750 = 153,750

• 1 Legendary × 461,250 = 461,250

• Total: 722,625 $WADZ

That is identical in every one of the 48 states. Whether you recover all seven fragments in California or all seven in Wyoming, the winnings are the same.

What 722,625 $WADZ Is Worth At Each Cap

A full state sweep at a $100M market cap is $72,263. At $1B it is $722,625. Same numbers in Wyoming as in California, end-to-end.

This is the single most important math fact in the entire fragment system: no state is favored.

What The Total Recovery Pool Is Worth

If you zoom all the way out, the total Signal Fragment allocation is 49,999,500 $WADZ — 5% of effective supply.

That is the entire fragment economy. Across all 576 fragments, every tier, every state, the online pool — that is the dollar pool the recovery system rewards from. At a $1B market cap, the project distributes nearly $50M to people who recovered fragments.

This is not a marketing pool. The tokens are allocated, on-chain, at launch. Every recovery draws against it. Every unclaimed fragment that gets burned reduces it. The pool size is fixed in $WADZ and floats in dollars with the cap.

How To Think About Your Own Math

Three frames for thinking about what your participation can be worth.

Frame One — One Legendary

Most fragment math conversations end up here, and it is the right place to start.

A single Tier 4 Legendary rewards 461,250 $WADZ. That is the largest single-fragment winning in the system. There are 60 of them total — 48 in the physical world (one per state) and 12 in the online pool.

At different caps, a single Legendary is worth:

• $10M cap: $4,613

• $100M cap: $46,125

• $500M cap: $230,625

• $1B cap: $461,250

If you are within driving distance of an active state, the Legendary in that state is the single highest-leverage target you have. If you are not, the 12 online Legendaries are open to anyone globally.

Frame Two — A Full State Sweep

The maximalist scenario. Recovering all seven fragments in a single state rewards 722,625 $WADZ.

At a $1B cap, that is $722,625 in one state.

This is the hardest scenario to actually pull off — recovering all seven fragments in a single state would require winning every clue in a state activation against everyone else who showed up. We expect very few states to be swept by a single recoverer. Most states will spread their seven fragments across multiple participants. But the rewards structure is there, and the math is identical in every state.

Frame Three — Online Pool Only

If you never make it to a single physical activation, what is the math for you?

The online pool holds 240 fragments totaling 15,313,500 $WADZ. The tier breakdown:

• 108 Common × 15,375 = 1,660,500

• 96 Uncommon × 46,125 = 4,428,000

• 24 Rare × 153,750 = 3,690,000

• 12 Legendary × 461,250 = 5,535,000

The 12 online Legendaries alone are worth 5,535,000 $WADZ — $553,500 at $100M, $5,535,000 at $1B.

You do not have to leave your house to access nearly a third of the fragment economy. That is by design.

What This Math Does Not Tell You

A few honest disclaimers.

Market Cap Is Not Guaranteed

Every number in this post follows from "if market cap is X, then winnings are Y." None of the X values are guaranteed. The token can reach $1B. The token can also stay at $10M. What the market does with the token after launch is open. We are showing you the math at each rung so you can think about scenarios — not because we are promising any one of them.

Fragments Are Competitive

Every fragment in the field can only be recovered once. The 576 fragments are a finite supply. Once a Legendary in a specific state has been recovered, it is gone. The earlier you engage, the more of the field is still in play.

Unclaimed Fragments Get Resolved

If hidden fragments in a state go unrecovered after the window closes, those tokens are most likely burned. They do not sit in the pool waiting. There is no scenario where the unclaimed value leaks out of the system, but there is also no scenario where you can sleep through a state activation and assume the fragment will still be there in six months.

Why The Math Is Structured This Way

A few of the structural choices are worth naming.

Linear Scaling, Not Tiered Bonuses

A fragment recovered at $10M and a fragment recovered at $1B reward the same in $WADZ. The dollar value scales because the token does, not because the project rewards late participation. The earliest recoverers earn the same tokens as the latest ones — they just earn them at a lower dollar valuation, with more of the cap curve still ahead of them.

Equal State Weighting

No flagship state has more fragments than a blow-through state. No coastal state has more Legendaries than a Midwestern one. This is a deliberate design choice that we wrote into the architecture months before the Acts were finalized. The geography of the recovery is genuinely distributed.

The Online Pool Is A Real Path

15.3M $WADZ in the online pool is not a token gesture. It is a real, fully-funded recovery surface that runs in parallel to the physical hunt. Twelve Legendaries online is twelve real chances at the largest single-fragment winnings in the system.

What Comes Next

Tomorrow we go all the way underneath the surface. The Feed — the layer beneath the internet, what the signal actually is, and why the whole mission is shaped the way it is. The deepest chapter in the litepaper, written for the people who want the mythology in full.

Catch Up

Earlier posts in the series live here. Full fragment details on the Signal Fragments page. Follow @wadoozie. Launch is May 27th.