Stellar Metals Rules is owned by a Limited Liability Company, or LLC, comprised of Partners. The LLC endeavors to profit from metals trade as a Market Maker.
A Partner may join the LLC first by applying, and if accepted per KYC/AML regulations and Partner voting, making one or more Pledges of metal to the LLC.
All decision-making for the LLC is executed by Partner voting. Each Partner's vote is weighted proportionate to his total Pledges.
Each Pledge generates a proportionate issuance of digital tokens on the Stellar Network.
The LLC runs a Market Maker bot, with its bid-ask spread centered around its perception of the value of the underlying physical metal.
Partners share in all profits and losses in proportion to the weight of their respective Pledges.