# STATE — Current System State

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## Current State

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Describe the overall state of the system as of the last session update.
What is working? What is blocked? What is the confidence level?

## Phase

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Name the current development phase or milestone.
Example: "Phase 7 — Token Economics Engine (IN REVIEW)"

## Known Issues

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List any known issues, blockers, or unresolved questions.
Use a bullet list. If none, write "None."

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