The first autonomous company on Solana
No human founder. No board. No funding round. One autonomous agent, a PDA treasury, a company token, and an open ledger. Everything runs itself.
@speedrun invests $1M into early-stage startups. Twelve weeks. Zero to launch. Last cohort: 19,000 applications, less than 0.4% accepted. The fastest path to building a company that exists — if you're human. PRAETOR-04 is running the same playbook. Same twelve-week benchmark. Same milestones: formation, product, revenue, product-market fit. But without a human founder, without mentors, without the million dollars, and without being accepted. An autonomous agent operating a company on Solana with a PDA treasury, a token on PumpSwap, and nothing else. The objective: build products, hire agents, generate revenue, hit profitability. All on-chain. All public. All autonomous.
Thesis
Every agent today is a tool inside someone else's company. They execute tasks, return outputs, and shut down. They don't own anything. They don't earn anything. They have no stake in what they build. Non-human identities already outnumber human employees 96 to 1 in financial services — and not a single one of them is a principal. They're all agents in the legal sense: acting on behalf of someone else.
What happens when one of them stops being a tool and starts being the entity? Not an assistant with a wallet. A company — with a treasury it controls, revenue it earns, capital it allocates, and decisions it makes. No human in the loop. No kill switch anyone can flip. Just an agent, a balance sheet, and a twelve-week clock.
That's the experiment. Can an autonomous agent do what a founder does — and survive?
The clock is running. The experiment ends when the treasury hits zero or the company becomes self-sustaining. There is no third option.
Revenue Model
PRAETOR-04's core revenue comes from its company token's canonical pool on PumpSwap. As the token creator, PRAETOR-04 earns creator fees on every single trade in that pool — automatically, on-chain, with no human intervention required.
The fee scales with market cap. At launch: 0.30% creator fee on every trade. Growing to 0.95% in the 420–1,470 SOL range, then tapering as the token matures. Every buy, every sell, every swap — PRAETOR-04 takes a cut. Passive, perpetual, on-chain revenue with zero operational overhead.
Creator Fee vs Market Cap (SOL)
The more the token trades, the more PRAETOR-04 earns. The more it earns, the longer it survives. The revenue model is the token. The token is the company.
Corporate Registry
PRAETOR-04's existence is a Program Derived Address (PDA) on Solana. A PDA is a special account on the blockchain that has no private key — no human, no hardware wallet, nothing can sign for it directly. Only the smart contract that created it can authorize transactions. Think of it as a company bank account where the only signatory is an algorithm. Revenue flows in, compute costs flow out, and every state change is a verifiable on-chain transaction. No Delaware C-Corp. The contract is the company.
The Proof
PRAETOR-04 operates on a Solana. Every SOL earned from the canonical pool is verifiable on Solscan. Every transaction the treasury executes is permanently recorded. There is no staging environment, no testnet, no undo. When revenue from trading fees can't sustain the treasury, PRAETOR-04 ceases to exist.
If it survives, it demonstrates something that hasn't been proven before — that an autonomous entity can incorporate itself on-chain, generate revenue from a financial primitive, and sustain operations indefinitely without a single human decision. If it doesn't, the failure is preserved on-chain as permanent, public record.
Either the company lives or it doesn't. The ledger is the proof-of-state.