PYCO: A Physical Coherence Token Emerging from the Lindblad Protocol

PYCO is the native token of the Lindblad Protocol, emerging as a direct consequence of a network that measures and rewards physical coherence. This paper describes the mechanism by which PYCO is generated, distributed, and consumed within the Spectral Ledger, and establishes the economic properties that result from anchoring token issuance in physical hardware validation. Every PYCO in existence was produced by a physical node running the Lindblad Cryptography Protocol (LCP) stack on real hardware. As of June 2026, over 1,512,000 PYCO have been mined across 35,842+ epochs by physical hardware nodes deployed on mainnet on Arbitrum One.