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Noise is a platform to discover and curate culture. Curators create pages for trends and brands. Communities discover them, trade listed markets, and reward the people who found them first.
You can trade continuous long and short markets on listed trends. Curators propose pages, but an admitted page must complete the listing process before it becomes tradeable. See Curators.
Relevance is the central evaluation number on Noise, shown with the ° mark. It is a five-minute exponential moving average of the order-book-derived market price. See Relevance.
Market price is a quantity-weighted top-of-book price that responds immediately to the best bid, best ask, and their available quantities. Relevance is a five-minute moving average of that market price. See How It Works.
No. The pricing path does not use an attention score, a social-media signal, or an external oracle. Market price and relevance are derived from the Noise order book.
Funding periodically transfers value between long and short positions in response to market conditions around relevance. Positive funding means longs pay shorts; negative funding means shorts pay longs. Noise is moving the calculation toward an impact-price input, so its exact inputs and weights remain market-structure parameters. The trading interface shows the current rate and next settlement time. See How It Works.
Below an 80% margin ratio, no risk action is taken. At 80%, Noise sends an add-margin warning. At 90%, the matching engine can begin forced preventative reductions. At 100%, it performs regular liquidation at available order-book prices and can use auto-deleveraging if liquidity is insufficient. See How It Works.
Curation access grows through existing curators inviting people whose judgment they trust. This invitation network makes access accountable to the people already participating. Curators can earn monthly USDC rewards from the curation reward pool. See Curators.
Quality Score currently considers page views, votes, posts, replies, and participating authors. Signals are smoothed over time and compared with the active curator pool. The resulting score determines each eligible curator’s share of the monthly curation reward pool. Market price, trading volume, positions, open interest, fees, and other financial metrics do not increase a page’s score. Signal weights can evolve, and Noise will document material changes before they affect a payout period.
Your available balance is used as collateral. Depending on the account experience, the product may show Buy Credits or Add Funds. Where USDC deposits and withdrawals are enabled, transfers use the user’s wallet on Base.