P.I.V.O.T.协议本质上是一个股份无限增发的偏佛系的机制，其价值不依赖稀缺性。该协议结合了例如打赏、股份、股指、分红、等机制的优势。其特点如下：

• 股价在所有时间恒定
• 打赏即买股
• 买股即增发
  • 买多少增发多少
  • 增发股份等比稀释
• 卖股即盈利
• 盈利即分红
• 所有股份在同一时间权益平等
  • 权益即分红权
• 卖出股数量即股指

简单来说，后进股东的入场券即是先进股东的收益，被所有股东平分。但这并不是一个传统的庞氏模型，因为可以永远运作下去的庞氏不是庞氏。

The P.I.V.O.T. protocol is essentially a mechanism for unlimited issuance of shares, its value does not depend on scarcity. The protocol combines the advantages of mechanisms such as rewards, shares, stock indices, dividends, etc. Its features are as follows:

• The stock price is constant at all times
• Tipping is equivalent to buying shares
• Buying shares is equivalent to issuing more
  • The more you buy, the more you issue
  • Issued shares are diluted proportionally
• Selling shares is equivalent to making a profit
• Profit is equivalent to dividends
• All shares have equal rights at the same time
  • Rights are dividend rights
• The number of shares sold is equivalent to the stock index

Simply put, the entry ticket for later shareholders is the income of earlier shareholders, which is evenly divided among all shareholders. But this is not a traditional Ponzi scheme, because a Ponzi scheme that can operate forever is not a Ponzi scheme.