what this is · how to use · receipts and rent · ticket and cut · addresses

Ticket and cut

People ask: if we issue a token, what is it for?

One line: the token is the ticket to this knife. People use the knife, holders split the fee. Nobody uses it, holders get nothing.

Do not mix three papers

Paper	What you hold
NVDA receipt	A Jersey warehouse note. Price path + rent already glued into the multiplier. Not NVIDIA equity.
Price leg / rent leg	The two stubs after a tear. They do not exist yet.
Our token	The shop’s ticket. It splits the fee others pay to tear, not NVDA’s dividend.

Rent lives on the receipt. Whoever holds the receipt carries that ~0.08%. Our token does not drip NVIDIA’s dividend. “Hold this token = collect NVIDIA yield” is false.

Where the cut comes from

Later, someone pushes a receipt into the vault, tears or glues it back, and pays a fee. That fee is paid to the tool.

Holders of our token split that knife. Nobody tears, nobody glues — no fee, holders sit at zero. That is the rule, not a bug.

How the fee reaches holders

Pay holders. Dollar book. No buyback.

Someone pays ETH or USDG. Convert to one dollar fee, then cut it by who holds the ticket and how much (claim, or a regular drop). You get a cash book, not a story that “we bought the token off the market.”

• A buyback needs a book. The ticket is not issued. There is no market. Buyback would be idle spinning.
• A buyback turns “someone used the knife” into “did the token pump.” The board sells a knife, not a candle.
• If the ticket later also taxes its own buys and sells, that tax goes in the same pot. Do not split knife fees and ticket fees into two lamps.
• No percentage yet. The vault is not live. Writing one would be empty.

How you pay

The counter takes two things: ETH or USDG, pick one. The receipt is a dollar book; wallets often hold ETH. Taking only one would lock people out.

The quote is in USDG (dollars). If you pick ETH, convert at the print the moment you press. Holders split this one pile. There is no “ETH knife” and “USDG knife.”

• Do not take a stock receipt as the fee — that paper is the cargo, not the till.
• No third coin. Each extra coin is another book that will not close.
• Do not split the cut by payment coin. That is two lamps, not one knife.

Why we do not issue now

The tear button is grey. There is no on-chain “pay to use the knife” yet. Issuing now = selling membership to a shop that is not open. The story works. The cut is empty.

Plain order: let people tear and pay the first fee → then issue the ticket. Reverse that, and it is another narrative meme. It has nothing to do with the board.

Lines not to use

• “Our token is pegged to NVDA dividends” — rent lives in the receipt multiplier, not in our vault.
• “Buying our token = buying the rent leg” — the rent leg is the stub after a tear, not the brand token.
• “Issue first, product later” — that is a token pad, not this knife.