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Sheet 07 / 12 — The issuing deskKMAG · Metaplex Core
Form W-1 · Application for a reader's warrant · buy a pass
← Issue #01

Warrant in perpetuity

Every issue, past and future.

Part A — Particulars of the warrantdevnet
InstrumentIn perpetuity
ReadsEvery issue
Fee750,000KONT
Division30 furnace · 15 reservoir · 55 treasury
Introduced byNo one

The warrant is a Metaplex Core asset in your wallet. It never expires and may be sold or given away; whoever bears it reads. The fee above is also the most this application can take: it is sent as a ceiling, so if the price has moved by the time your signature lands, the application fails and nothing is charged. The perpetual fee rises 10% with every fifty issued.

Part B — The applicant
Wallet—
KONT held—
Issue the warrant
The fee, divided as the program divides itAs proposed · nothing moves until you sign
  • 225,000 KONT from your wallet to The Furnace (burned, gone for good).
  • 112,500 KONT from your wallet to The Reservoir (the reward pool).
  • 412,500 KONT from your wallet to The Treasury (the house).
  • one warrant into your cabinet.
  1. i.Particulars
  2. ii.Signature
  3. iii.Transmission
  4. iv.Entry
Present a wallet

A wallet signs this form. Present one to apply for a warrant.

Wallets…

Signing in costs nothing and sends no transaction. This desk signs on devnet; a wallet set to another network will show nothing here.

Fig. 7.1

The fee, exploded

One fee = 100 parts
C · 30
Furnace
D · 15
Reservoir
E · 55
Treasury
Each fee: 30% burned, 15% to the reservoir, 55% to the treasury.
Kontent — drawing set
The desk
Sheet
07 of 12
Form
W-1
Instrument
Perpetual
Scale
1 : 1