How a desk works

Minting burns 95,000 DSK, sends 5,000 DSK into the daily vault pool, and pays 0.02 ETH in native ETH. 0.001 ETH is spendable pot; 0.019 ETH is held for a 95% refund on burn. It issues an ERC-721 with a vault address derived from it — an ERC-6551 token-bound account.

The vault is what makes it a desk rather than a picture. It holds real tokenised stock, it is owned by the NFT rather than by you, and it travels with the NFT when you sell.

There is no activate step. On this chain one address can hold every stock, so a desk is live the moment it is minted. What it is owed starts from the next round, not from history it was never part of.

That is the only difference from the Solana original, where each stock needed its own token account and rent. Here the vault is created in the same transaction as the NFT. Nothing is lost by waiting to look at it — credits accrue whether you have opened the site or not.

The moment the pot clears 0.04 ETH it is spent — all of it — on whichever stock is next in the rotation. What it bought is split equally across every live desk. Not proportionally, not weighted by how long you have held: one desk, one share.

A round is one transaction however many desks exist, because it writes a single number rather than paying five thousand accounts. Your share is the difference between that number and where your desk last stood — counter minus stamp. Delivering it into the vault happens afterwards, one transaction per desk, and anybody can trigger it.

If the next name is paused, stale, or the sequencer is down, the round skips to the next live asset — except a down sequencer reverts. It does not buy on a bad price.

Native ETH fills the spendable pot: 5% of each mint, 2% taken on burn, 50% of creator fees sent in weekly, and royalties. DSK rewards are a separate daily pool: 5,000 per mint, the 50M allocation over six months, 2% of DSK on burn, and 50% of creator DSK.

The 100,000 DSK deposit funds none of the stock rounds. 95,000 sits on a dead address; 5,000 is paid the next day to live desks. PONS tokens do not shrink totalSupply. 50,000,000 DSK is locked at launch and paid daily for six months. Accrued DSK cannot be withdrawn until you burn the NFT.

Royalties, weekly creator fees, and the 2% burn leftover keep working after the last serial is minted, which is what stops a sold-out supply ending the rounds.

Half of creator fees sent to FeeSplitter. Mint 5% ETH stays in the spendable pot (stock rounds). Mint 5% DSK is holder rewards, not treasury.

Selling a desk is still selling the NFT. The vault is derived from the NFT, so transferring the token transfers everything the desk owns — its stock, unpaid credits, and unpaid DSK rewards.

You do not need a buyer. exit burns the NFT and sends 98% of vault stocks and 98% of accrued DSK to your wallet, plus 95% of the 0.02 ETH mint fee minus the same 2% burn fee, in native ETH (not WETH). DSK is never delivered into the vault — burn is the only cash-out. The last live desk collects 100%, because there is nobody left to receive the 2%.

A listed desk is still live, still counted, and still paid by every round while it sits on the market. The collection declares a 5% royalty paid to the pot (ERC-2981).

A round credits every live desk. The stock sits in the protocol until someone calls deliver for that serial. DSK rewards do not move on deliver — they stay as a credit until exit.

Until then the desk still owns the credit. Selling the NFT sells the undelivered share with it. The button on the mint page and on each desk page is the same call.

The pot is the protocol contract. Vaults are CREATE2 clones bound to each serial. The rest is read from deploy config so nothing here can drift from what is on chain. Every row links out. The same list lives on the accounts page.

Stocks in rotation

Tokenised equities on this network are not available to U.S. persons and are restricted in other jurisdictions, including the United Kingdom, Canada, and Switzerland. They provide economic exposure, not legal ownership of the underlying shares. This interface is not an offer or solicitation where those are prohibited. Read the full restrictions and the issuer documents before you mint.