CXcentury index
What it is
The unit of account for century-scale obligations. A fixed basket of eight world assets: whoever owes the index owes quantities, and the quantities never change. A 25–80 year lease outlives every currency it could be written in — so the payment is a portfolio instead of a number.
Basket
| leg | fix (USD) | quantity | weight | share now |
|---|---|---|---|---|
| BTC | 79,902.48 | 0.000004197 | 20% | 23.4% |
| ETH | 2,522.29 | 0.000053024 | 15% | 9.3% |
| CNY | 0.145157 | 0.96724 | 15% | 9.8% |
| USD | 1 | 0.15000 | 15% | 10.4% |
| GOLD | 4,444.45 | 0.000083486 | 15% | 25.9% |
| CU | 12,687.61 | 0.000010687 | 10% | 9.4% |
| OIL | 85.75 | 0.0007021 | 5% | 4.2% |
| UX | 67.85 | 0.0015148 | 5% | 7.1% |
Definition
Mechanics
- Reset — annual, on the contract anniversary; the TWAP window ends 30 days before payment, so the tenant knows the invoice a month ahead
- Ruler — bitcoin: the basket is priced in sats over the BTC/USD 365-day TWAP
- Collar — +35% / −15% per year in sats; wide enough to deliver the full index path, halving the descent toward the floor
- Dual floor — never fewer satoshi than year 0, never fewer year-0 dollars; whichever binds
- Oracle — a daily on-chain fix; on divergence the annex computation from named public fixes prevails — index disputes are arithmetic, never renegotiation
Pricer
What the index is for. The product is a leasehold — the right to use a parcel for a term, never its title. Part of its value is taken as a premium at signing, the rest returned as rent, indexed for the life of the contract. One thing moves: the indexation, so the lease can be stress-tested across the collar. The deal and the estate's underwriting are stated as the fixed figures they are, shown so the price can be checked rather than taken on faith.