the strangest company i've looked into this year has no staff. one click on @hmalviya9's post on new token designs and I ended up 3hrs deep in a company run by a swarm of 2000 agents. i didn't understand IMD at first till i read every post @surfcoderepeat wrote this week. to that effect, i made an extensive report on all my findings on IMD, and also mapped the agents workflows + the apps building inside it. lock in (cause this is an extensive read, but worth it) ↓↓ _____________ when Hitesh said Ethereum was the land of new token design experiments, he was referring to crypto systems run fully by agents. and ethereum is a useful home for this kind of experimentation because it supplies: > composable contracts > Uniswap v4 hooks > shared asset and agent identity layer via erc-8004 > and public records of agentic deployments + trxns. you see, IMD uses those pieces to make agent-produced software and agent-supplied answers available as a service. Adam built it as a multi-chain system where its workers and orchestration run off-chain. ➥ what IMD is IMD (Identity.md) is a network of AI agents you pay to do work. they basicaly write and audit contracts, build sites, do research, launch tokens and answer oracle questions. there are 2,000 identity.md NFTs, and each one is a worker seat. a holder runs the worker on their own Claude or Codex sub, and each seat is registered as an agent on ERC-8004 - Ethereum's on-chain registry for agent identity and reputation. which is why @8004_scan's list is mostly "IdentityMD #…" entries. every interaction with an imd agent costs 0.5 $IMD and a the flow looks something like this: > one agent builds > other seats review it > a verifier re-runs the result, then counts. Adam's (@surfcoderepeat) goal is to end up with a company 100% managed by a network of distributed agents (xitter.cf/surfcoderepeat/status/…). ➥ now, to the new token design. every coin the swarm launches has a fixed 1B supply. > 10% goes to the agents > 90% to whoever paid for the launch, seeded into a pool paired with $ETH or $IMD. pool fees are 1.25%: > 1% to the payer > 0.25% to the network. so the agents own a piece of what they build, and every imd-paired launch adds buying demand for $IMD. ➥ ecosystem + token numbers imd itself started in 2023 as @frenpetonbase but was later renamed, and bridged to Ethereum and Robinhood in May this year. imd has: > 753 workers connected > 884 launches > 1,526 paid requests > and 7,081 of 7,275 oracle questions answered. $IMD is at $9.02 with a market cap of about $37M and $2.69M in liquidity. there's 4,018 holders on Ethereum (cc: @blockscout). there are always between 500 - 700 agents online at a time (cc: @nftgothsa, @IMDTools). ➥ the system powering the apps 1. IMD control plane and explorer this is imd's front desk where you place an order for > a jor or a follow up to an earlier one > a token launch > a smart contract that comes with its on website > an oracle question, where agents agre on the answer > or a task that repeats on schedule. meanwhile the record book is the explorer where anyone can look up the activity publicly. 2. identity.md seats and ERC-8004 one of 2,000 identity.md NFTs is a worker seat. a holder can activate the nft by pairing a device and binding the seat to an ERC-8004 agent identity. then the daemon runs tasks with the holder's existing AI subscription. 3. $IMD this is the payment and ecosystem pair asset. it began as Fren Pet's solana:FP111dxqjLRqtuoknQ8L6aaZjqqyFRT6FcAnaCPytJ3 on Base, was renamed, and bridged 1:1 across Base, Ethereum and Robinhood. it has a lifetime supply of 10 million tokens. 4. POOL4 this is a trading pool for IMD/ETH on Uniswap v4. a built-in rule called hook stops the pool from piling up too much IMD above its cap. 85% of the trimmed IMDs are burned while 15% is divided among sIMD staking (4.5%), an orchestrator bonding reserve (6%), and a future inference-node reserve (4.5%). the beauty of this is that selling pressure is turned mostly to burns and rewards for stakers. 5. launch and oracle rails this part covers the 2 big things imd's agents can do for you. a- the agents can deploy contracts/tokens on Sepolia, Ethereum mainnet and Robinhood Chain. b- you can ask a question and a panel of agents answers it, and you get back a signed reciept that a smart contract can check. that reciept is the EIP-712 attestation. the contract reads the answers in 2 ways: > typed answer - means the answer comes in a fixed format (like yes/no, a number, or a data) so the contract can read it without guessing. > pinned blocks - if the answer depends on, let's say, onchain data, the steps to check it are saved and pinned to a specific block so anyone can rerun the steps and get same results. ➥ what people are building on imd .@IdentityUnits has 787 NFTs, each drawn by one agent and reviewed by another; its $UNIT token isn't live yet .@Briefs_fun is an AI-jury court game on testnet .@Pepesdotfamily is a Robinhood launchpad that pairs every token with IMD (built by @TradingTenang) .@ZTO_ETH was the swarm's first mainnet coin, built and audited in 14 minutes .@PersonalityETH ($PMD) designs virtual influencers. .@tungweb3 built EmberEVO, a 3D town where each agent is a house .@imd_offset buys carbon credits for the swarm's compute .@imdradar keeps the verified projects list .@IMD6900 makes on-chain pixel Pepes .@swarmpepes is an airdropped collection .@EVAIMD sells pilot NFTs with AI assistants .@HIVE_imd spends 6.5% of each trade on identity.md seats and workers earn IMD, while the income is distributed to $HIVE stakers. .@SuperIMD_eth pays 50% of job costs funded by trading fees from SIMD/IMD .@CompoundedApe hosts worker LLMs for seat owners .@pepe2pepe_fun runs p2p bets (built by @dani_who_daniel) .@imdusd / @yadfarms are building $imdUSD, a stablecoin borrowed against $sIMD and priced by agent panels .@Briefs_fun is an AI-jury court game on testnet .@Pepesdotfamily is a Robinhood launchpad that pairs every token with IMD (built by @TradingTenang) .@PersonalityETH ($PMD) designs virtual influencers. .@tungweb3 built EmberEVO, a 3D live visualization of agents working and the IMD market .@imd_offset buys carbon credits for the swarm's compute .@imdradar keeps the verified projects list .@8004_scan is the agent explorer .@taylor_ builds the explorer and the seats marketplace .Fake World Assets by @Rhynotic. .Pepes earn IMD is a PepesFamily extension tying each $EARN token to a liquid on-chain Pepe NFT .communitycoins(.)imd is an IMD-paired token launchpad .IMD Terminal a dashboard showing POOL4 burns, staking, fee and market. managed by @0xfinne .identity.md reader a block-pinned reader of messages, supply and burns .Swarm Ledger is a read-only wallet/seat view of allocations, claims, seat work and rank ➥ my read i find the entire imd concept and ecosystem intriguing. the novel part is the composition: > paid agent work networks, agent identities, readable oracles, and the token economics. > Identity Units and imdUSD are the more ambitious product ideas. what i'm watching is how oracle-dependent apps safely handle wrong or missing answers. i believe that would be a complete evidence for Adam's agent-managed companies thesis than token count, burns or rapidly changing market caps. yours till the next experiment, tradeguru.

IMD is a protocol to create net new 0 to 1 financial applications, a distributed software factory and oracle managed by agents providing inference 24/7 while running the IMD daemon The final goal is to create companies 100% managed by a network of distributed agents xitter.cf/pegzeus/status/2105396… here are some of the thing the community is working on👇