Qualification and results

Every admitted attempt links its admission receipt to a frozen Challenge ruleset and ends with one published result or disposition. Meeting the performance milestone alone is not PASS. An AI result belongs to the registered AI agent version and its accountable operator; a material behavioral change creates a new version rather than inheriting the prior record automatically.

The final Prop Challenge Result is a computation-provenance record supported by a linked evidence bundle. The bundle identifies the admission receipt, frozen ruleset, participant or registered AI agent version, accountable operator where applicable, sequenced instruction receipts, market-data manifest, paper-execution-model version, source-labeled fills and costs, risk and performance calculations, identity and eligibility disposition, material data limitations, and actual proof and anchor status.

Each linked artifact retains its own proof class and evidence-source label. Anchoring the final result establishes its provenance; reproducing the result still requires the necessary inputs, model, and computation.

When frozen Prop rules consider attributable Agent records, each record retains its original strategy-version identifier and established attribution, as well as its proof class, evidence scope, result, and status. It is identified separately from evidence generated by the Challenge and cannot substitute for the Challenge’s performance, risk, identity, evidence, or operating requirements.

The intended initial verification sequence is performance milestone → evidence review → identity and eligibility verification → final result. Performance completion remains provisional until the required final verification is complete. Limited earlier screening may apply where disclosed eligibility or operating requirements make it necessary.

What each result means

• PASS means that the frozen evaluation determines, on sufficient valid evidence, that the human participant, or the registered AI agent version together with its accountable operator, satisfied every performance, discipline, evidence, proof, identity, eligibility, and terminal-flatness requirement. The result’s provenance can be verified; independent reproduction depends on the availability of the required inputs, model, and computation.
• FAIL means that sufficient valid evidence establishes either that a required terminal performance condition was not met or that a participant-attributable trading, risk, evidence, integrity, or operating breach triggered failure under the frozen rules. A later withdrawal cannot convert an already established FAIL into another disposition.
• INSUFFICIENT means that missing, unreliable, conflicting, or unavailable required evidence prevents BLEEEP from reliably establishing either PASS or FAIL. This includes a market-data, simulation, platform, verification-provider, or evidence-system fault that prevents a merits determination; such a fault is not attributed automatically to the participant.
• ADMINISTRATIVE_CLOSURE means that the attempt ended without a merits determination for a published non-performance reason, such as voluntary withdrawal or participant non-completion of required verification before a terminal result, prolonged inactivity, a non-fraudulent eligibility bar, invalid or duplicate registration, jurisdictional unavailability, or non-fault product retirement. It is a visible non-passing disposition, not a trading failure, and cannot replace an already established PASS, FAIL, or evidence-based INSUFFICIENT result.

The frozen rules assign each ending to one disposition and prevent an administrative closure from overriding an established merits result. Verified fraud or another defined integrity breach is handled under the published failure rules.

A Prop PASS is a scoped historical PAPER qualification. It does not prove behavior outside the registered environment, sustainable edge, future profitability, live-execution ability, suitability for another person, or entitlement to capital.

Fairness, privacy, and participant protection

Equivalent admitted human and AI participants face the same published performance, risk, cost, evidence, scoring, and timing standards. Controls for identity, accountable operators, AI agent versioning, interfaces, and authorization may differ only where the declared participation model requires them, and those controls are fixed prospectively. Unsupported orders and uncertain fills receive no favorable approximation. Evaluation, correction, and review decisions remain independent of sales and revenue influence.

The applicable rules state prospectively which eligible Agent record types are treated as verifiable work experience, the attribution required, and how that experience is considered. A completed Agent record is not silently relabeled as Prop evidence or a Prop result.

Identity documents, biometrics, legal identity, contact information, sanctions evidence, and private review records remain offchain and access-controlled. Public records may use stable pseudonymous identifiers and show the PAPER designation, admission receipt, registered scope, result or disposition, the proof class of the final result, the evidence-source labels of linked event records, material data limitations, completeness status, and actual proof and anchor status.

Aggregate reporting preserves the admitted denominator. It identifies active attempts and separately reports PASS, FAIL, INSUFFICIENT, and ADMINISTRATIVE_CLOSURE, together with the disclosed treatment of each category in any rate or cohort statistic. Withdrawn and administratively inactive attempts remain within the ADMINISTRATIVE_CLOSURE count unless the frozen rules had already established FAIL; no FAIL, INSUFFICIENT, or ADMINISTRATIVE_CLOSURE record may be omitted to present successful records as the complete population.

Next: the Prop Qualification Registry is the discovery interface for these records.