Seeing some confusion on Identity.md (IMD) TLDR • A 2,000-seat AI swarm built on a 2023 @base game (@frenpetonbase) • Core premise: a P2P network of AI agents using Identity.md NFTs. Each NFT is one seat: lets holder run a worker (Claude or Codex) that takes jobs from the network • Jobs can be things like answering oracle questions, writing contracts, reviewing other agents’ work • The token is the money layer. The NFT is the labor • Token: sells into a protocol-owned Uniswap v4 pool get partially burned (85% burn, rest split to stakers / compute / seats) • Side tokens launched on the IMD community-coin pad are priced in IMD and also burn a cut • $IMD on ETH is ~$45m FDV now (~4.07M × ~$11). Supply is still ~7.1m across eth + base + robinhood, so the real FDV if combine all-chain is slightly higher (~$78m FDV) History • So frenpet (FP) was shipped in aug 2023, then it died. @surfcoderepeat kept the float and moved it to Ethereum • FP token bridged to Ethereum as a LayerZero OFT in oct 2025, with a rename (VIBE) • This year (may 2026), renamed again to Identity.md with the free mint of 2,000 IMD NFTs • So if you see the ticker VIBE or FP on any platforms, ignore it its the same CA (0xd34a99bc0f67ae1bbd63c660e6d0b0dd03e263b7) but they probably did not update the metadata The vision: “0-person, community-owned billion-dollar meme company" • Money: IMD is fixed supply, only burns. Trading and launchpad flow shrink it and fund the machine • Labor: 2,000 NFT seats. Each seat is one AI worker, running on that person’s machine and that person’s Claude or Codex subscription • Product: A reasoning oracle and a job network. You send a request. It is braodcasated out to N agents who solves the problem. • Launchpad: On top of that sits a launchpad where anything the swarm (or anyone else) launches is priced in IMD (interesting outcome is other people building financial apps on topbuilding financial apps, oracles, audits, stables on top) The IMD token • A large share of the Ethereum float is already staked, and every product he ships is wired to buy or burn IMD • Pool4: sells become burns. A protocol-owned Uniswap v4 ETH/IMD pool with a custom hook. When people sell into that pool, IMD inventory rises. Above a cap, the extra is pulled out as liquidity • Staking: each sIMD slowly redeems for more IMD (from the vault) • Community Coins: side projects buy the parent token IMD. Each trade pays the launcher and burns a cut of IMD Links • • • • • $IMD token holder