PUTE · Public Universal Token Exchange

01.cash

The unit of PUTE — a public, universal exchange where any value-token (USD, USDC, Lightning sats, provider credits, gift codes) becomes one balance you can spend on any model, any provider. No new token issued; Pute is a USD-denominated prepaid compute credit.

PUTE
P
cash
Total credits in float
$0.00
live · refreshed on page load
Active accounts
—
people holding any Pute
Per-call fee
2.00%
1% infr · 1% referrer (if any)

The stack — anything in, compute out

card · bank · Venmo · Revolut · Wise · Cash App · USDC · Lightning · gift
        ↓ normalize USD
    01.cash  ← universal inbound primitive (PUTE layer)
        ↓ 1:1 credit
      Pute   ← prepaid compute balance
        ↓ debit + 2% routed
   compute   ← /api/v/* · GPU · trainers · self-host

01.cash is the normalization layer: every rail adapter converts inbound value to a single USD ledger entry before it becomes Pute. PayPal and Venmo don't plug in directly — they arrive via Peer ZKP2P (Venmo, Revolut, Wise, Cash App) or card onramps, then credit the same balance.

What "Public Universal Token Exchange" means

  • Public — open access. No application, no enterprise gating. Anyone with a wallet or a card can hold Pute.
  • Universal — any value-token comes in (USD card, USDC on Base, Lightning sats, fiat onramp, gift codes, referral payouts); one denomination comes out.
  • Token — used in the generic sense: a unit of value. Pute is a service credit, not a crypto token or stablecoin.
  • Exchange — swap between value types via PUTE without managing N integrations. infr routes through the cheapest legitimate rail for each direction.

How it works

In
  • Card via Stripe → 01.cash → Pute (~3% Stripe fee net out)
  • P2P fiat via Peer ZKP2P (Venmo, Revolut, Wise, Cash App…) → USDC → 01.cash → Pute
  • USDC on Base via Tempo / x402 → 01.cash → Pute (1:1)
  • Crypto onramps (Coinbase / MoonPay / Stripe Crypto) → USDC → 01.cash → Pute
  • Lightning for micropayments < $1 → 01.cash → Pute
  • Gift code redemption (any user → any user)
Out
  • Spend on any inference routed through /api/v/[model]
  • Transfer to another Pute account (P2P)
  • Issue a gift code redeemable by anyone
  • Cash cannot be refunded back to your card — credits are for compute, not stored money. (This is what keeps it out of money-transmitter scope.)

Why it isn't a stablecoin

Pute is a prepaid voucher for routed compute. You buy credits, you spend credits on inference, credits are denominated in USD for sanity, and they cannot be redeemed back to fiat. The legal category is the same as Steam Wallet, App Store credit, AWS prepaid credits, or a Costco gift card — not a currency, not a stablecoin, not a security. The "Pute" name and coin imagery are branding; the underlying instrument is a service-credit ledger.

This is the path that keeps infr out of MiCA (EU), the GENIUS Act (US), state money-transmitter licensing, and securities regulators. The trade-off: no holding yield, no peg arbitrage, no token to trade. Just compute that travels through the platform efficiently.

Aggregate float — why this is interesting unit-economically

Every dollar of Pute sitting in the ledger is working capital for infr until it's spent. Most users top up in bigger chunks than they spend in any given week — so the float compounds:

  • Cash float income — short-term Treasuries on the float (Stripe Treasury / Mercury Treasury) at ~5% APR, on top of the 2% per-call fee.
  • Network effects — the more users hold Pute, the easier it is to introduce P2P transfers + gift codes + team pools (because internal transfers don't touch external rails and so don't cost us a Stripe fee).
  • Fee compression — at scale, the 2% routing fee can drop because the per-call infrastructure cost goes down. We never need to touch the credit denomination to reduce price.

Legal posture in one paragraph

Pute is non-refundable prepaid access to infr's compute orchestration service. Credits are not stored monetary value, are not transferable to external bank accounts, do not bear interest, and do not represent an investment in any enterprise. They are USD-denominated for accounting clarity only. The aggregate float is held by a licensed banking partner (Stripe Treasury or Mercury) on behalf of infr, not on behalf of individual customers.

Not investment advice. infr does not issue any token, security, or stablecoin. Your purchase of Pute is a purchase of service credits — same legal class as a Costco gift card. The "universal computer coin" framing is a brand and a UX, not a financial instrument.