Unit economics

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• Overview
• 0. The model (run it)
• TL;DR
• 1. Services & real 2026 costs (mapped to env vars)
• 1. Model routing & per-token prices (what the code actually does) 🔒
• 1. Per-action COGS — the heart of token-based pricing 🔒
• 3b. How a research cycle actually spends — the Firecrawl fan-out
• 3c. Onboarding — the one-time cost of building a Constellation
• 3d. Recurring — the Program stages, and what the shipped estimate omits
• 3e. Real portfolios are lopsided — and that changes the answer
• 4. The three cost layers
• 5. Why a pure flat fee breaks (and what fixes it)
• 6. The pricing model — flat fee + usage-based above an allowance
• 7. Hosted exposure — the one open liability
• 8. Risks & open questions
• 9. The simulation as the cost unit