The XJ pool is public
Pool drop
Each time the studio’s own published ledger updates, it ships with one of these: one shipped thing, one honest number, one ask. No drip, no funnel — just what changed, a number you can check, and one thing to do about it. This is the first.
One shipped thing
The XJ Music founders pool is published in full. Every contributor’s hours, the schedule they worked, the cash they were paid, the points they earned, and the resulting ownership — the studio’s actual cap table, opened by the project’s own vote. The founder’s line appears by name; every other contributor appears under a stable pseudonym, to be replaced by name only as each person’s own written consent lands. The machine-readable ledger is published beside the table, so the page isn’t a picture of the numbers — it is the numbers.
One honest number
76.04%.
That’s the founder’s share of the pool — and the entire point is how it was earned. Not a founder multiple, not a preferred class, not a grant negotiated behind a closed door. It is 9,894 hours logged at one point per hour: the identical rate every other line in the ledger earned. Against a pool of 13,012 points built over 14,772 hours, with $117,825 in real cash paid to collaborators along the way, every cash dollar visibly buying down the point rate on the hours it paid for. The majority stake and the smallest stake were priced by the same arithmetic.
One ask
Open the ledger and check a cell. Pick any line, take its hours times its points rate, divide by the pool total, and see if you get the ownership shown. You will. That’s the whole invitation — not to buy anything, just to look directly at who did the work, for how long, on which terms, and confirm the split is arithmetic rather than assertion.
This is the studio’s own ledger, published as a matter of good faith so that nobody else’s ever has to be. Other projects’ books stay visible to their own members and appear here only by that project’s own recorded vote. When the XJ pool next changes — a name consent, a new member, a schedule election — another drop like this one will mark it.