THE MNMNT ASSOCIATION ROBINHOOD CHAIN 4663 NO OFFICE NO OWNER NO PURPOSE
THE ARTICLES OF SUBSCRIPTION
Built from the top down. Paid from the bottom up.
Reading the works.
I. The monument
The MNMNT Association raises a monument by public subscription on Robinhood Chain. To whom, the Articles do not say: it is a monument to whoever came first. It is built from the top down. The capstone, stone No. 1, is the Association's own and was laid before the works opened. Beneath it hang twelve courses: the first of two stones, the second of four, and so on, doubling, to the twelfth of four thousand and ninety six. Eight thousand one hundred and ninety stones in all, each an ERC-721 token whose card is cast on the chain. The granite comes from the PRSPCT workings (Article VI).
II. The courses
Stones are laid in order, one after another, the next stone always the next number. Course k holds stones No. 2k to No. 2k+1 minus one. A course is complete when its last stone is laid; the next course begins at once. Nobody chooses a place: the place is the moment. The monument on the first page shows the courses filling.
| Course | Stones | Numbers | Work at the first stone | Price at the first stone |
|---|
III. Laying a stone
A stone is laid in one of three ways, or any mix of the last two.
By work. Your browser looks for a number (a nonce) such that keccak256 of the works' seed, your address and the nonce falls below the mark of the place. The mark begins at one hash in 222 for the first stone and halves every 256 stones: the deeper the monument, the more hashes a stone costs. Nothing is paid but gas.
In coin. You pay the price of the place: 0.001 ETH for the first stone, doubling every 2 048 stones, to about 0.016 ETH at the last. No hash is needed.
Any mix. Every part of the price paid in coin is a part of the work forgiven: pay half the price and the mark doubles, pay nine tenths and it grows tenfold. The Subscription Form has a slider for it.
A hash serves once. A stone laid by work is a stone like any other, save that it draws no coin dividends until its dues are settled (Article VII) and holds one ticket in the lot rather than two (Article VIII).
IV. The till
Of every hundred paid in coin for a stone:
- 50 to the coin weight of the stones laid before it, pro rata: a stone paid in full weighs ten thousand, a stone paid half weighs five thousand, a stone laid by work weighs nothing here.
- 7 to the sweat weight of the stones laid before it, pro rata: the part of each stone that was worked for.
- 8 to the sponsor named in the subscriber's link (Article V).
- 10 to the quarry, which digs the PRSPCT mine for the subscribers (Article VI).
- 10 to the pot of the course (Article VIII).
- 15 to the Association, paid to its wallet at once.
A class nobody holds yet, and a sponsor who cannot take his part, pass their part to the pot of the course. A stone collects what it is owed at any time from the Dues Ledger; nothing is pushed to anyone but the Association. The till pays only from coin: a stone laid by work brings the till nothing, and takes from it only through its sweat weight.
V. Sponsors
Every stone has a link: mnmnt.xyz/#via-N. Whoever lays a stone through that link names stone No. N his sponsor, and the sponsor takes eight of every hundred the subscriber pays in coin, for that stone and for its settling later. A stone may name itself: a subscriber who already holds a stone pays eight less, in effect.
A sponsor takes his part only while his stone is in coin, in full or at least by half, or settled. A stone laid by work passes the part to the pot of the course instead. The Roll of Sponsors lists who brought the most coin in.
VI. The quarry
The granite of the monument comes from the PRSPCT workings, the mine the Association's series opened before it on the same chain. Ten of every hundred paid in coin go to the quarry. As soon as the quarry holds the price of the next foot of the mine, the monument's contract buys that foot from the mine's own contract, in coin, at the mine's price of the day, exactly as any subscriber of the mine would: one contract digs the other. The share of the mine so dug belongs to the subscriber whose coin filled the quarry, and is handed to him in the same transaction, together with his stone. Never more than four feet are dug in one transaction; what is left waits for the next.
The mine is 8 888 feet deep. When it is worked out, whatever the quarry holds goes to the pot of the course being laid, and the quarry's ten goes to that pot from then on. A mine that will not sell keeps the coin in the quarry until it sells again. Nothing in the quarry can stop a stone being laid.
VII. Settling
A stone laid by work, or in part, may settle its dues later: its holder pays the price of the day, the price the next stone would cost in coin, and the stone joins the coin weight in full. What the stone had earned by its sweat is paid out first; the settling payment goes through the till like any coin, with the stone's original sponsor and the quarry. The price of the day rises with the monument, so settling early is cheaper than settling late.
VIII. The lot
Each course keeps a pot: ten of every hundred paid in coin for its stones, and whatever no class or sponsor could take. When the course is complete, the pot is drawn by lot among the stones of the course, once the L1 number of the closing has passed and anyone has pressed DRAW THE LOT. A stone half in coin or better holds two tickets, a stone laid by work one. The pot goes to the winning stone's dues, whoever holds it then. The lower courses hold the larger pots.
IX. The card
Every stone is cast on the chain as a bronze plate set in black granite: the course and the place, the mason's mark cut in gilt from the hash that laid it, how it was paid, who brought it in, the day. Every letter is an outline kept in a contract, so the card reads the same everywhere. The card is the token's image; no server holds it. Five of every hundred of a resale go to the Association (ERC-2981), and the collection's transfers pass through a validator that keeps it so.
X. The Association
The Association has no office, no owner and no purpose. It holds the capstone and takes fifteen of every hundred paid in coin, paid to its wallet by the contract at the end of every subscription. It cannot pause the works, change a share, take a stone or touch the pots or the quarry. The contract is the Clerk of Works; it is verified on the chain and has no keys.
XI. Nothing promised
Nothing. A stone is a place in a monument to nobody. What it earns depends on what others pay in coin after it, and nobody knows what they will pay. A share of the mine dug by the quarry is a share of the mine, no more. The Articles say so, the card says so, the contract does so. The stones are counted.