# ELI5: How Publiphi Works

### A Story: Supporting Alice

* **Alice is a creator.** She issues her own Board Token, **AliceBoardCoin**, based on her on-chain identity—her NFTs, DAO participation, and achievements.
* **You are a fan.** You want to support Alice and buy AliceBoardCoin with ETH.

Here’s what happens behind the scenes:

1. Your ETH is automatically converted into **AliceEth**, a custom yield-bearing ETH.
2. AliceEth is deposited into Aave/Morpho, and **Alice continuously earns interest** from it.
3. For the first 30 minutes, there’s a **Fair Launch period**: the price is fixed, and only specific groups (like PHI token holders or verified on-chain achievers) can join if Alice chooses.
4. After Fair Launch, a **Uniswap v4 pool for AliceBoardCoin is instantly created**, and free trading begins.
5. Each trade generates **fees automatically distributed** to Alice, referrers, and early supporters.

### Key Point: Alice Doesn’t Need to Sell

Traditionally, creators had to **sell their own tokens** to profit.\
With Publiphi, Alice earns yield from ETH deposits—so she can profit **without ever selling her BoardCoin**.

For fans, this means:

* Supporting Alice **doesn’t require accepting losses**.
* Your purchase is a form of sustainable patronage, not just speculation.

### What It Means for Users

* **Simple**: Just buy with ETH—everything else happens automatically.
* **Fair**: Bots can’t front-run; everyone gets equal access at launch.
* **Sustainable**: ETH generates yield, providing ongoing income to creators.
* **Safe to Support**: Creators don’t need to dump their own tokens, so fans aren’t forced into losses.
* **Artistic**: Each token reflects identity and storytelling—it’s on-chain art with meaning.

### The Analogy

Imagine buying an artwork to support an artist.\
But instead of a one-time transaction, that artwork **keeps generating income for the artist every month**.\
And the artist never has to sell their work, while fans can support **without being sacrificed financially**.

That’s what Publiphi makes possible:\
**a new Web3 experience where patronage and sustainable economics coexist.**