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Token units and multipliers explained

Why raw units, price and issuer conversion factors must be applied exactly once.

·Reference model only
Raw units to Multiplier to Reference valueRaw unitssynthetic modelMultipliershow assumptionsReference valuenot a guarantee

The simulator stores raw token quantities and uses integer cents. The value calculation applies price and a parts-per-million multiplier once. QQQx’s 1.02 multiplier is a synthetic fixture designed to exercise this conversion.

Never treat a display symbol as a verified mint or apply a corporate-action multiplier twice. The Architecture notebook records the production evidence still required.