One collection.
Clear boundaries.
How issuance, backing, market trading, and artwork fit together.
Follow a collection through the system
FLOOR also trades through a separate market. Market liquidity is not converter backing.
Two ledgers, one collection
For N NFTs and T reserved team allocations, initial supply is (N + 1) FLOOR. T FLOOR funds team backing; N − T + 1 is allocated to pool initialization. The buffer creates no additional NFT.
S0 − R = (U + C + 1) × UNIT
R = (O + A) × UNIT
N = U + C + O + A
B ≥ RU is unminted public supply, C accounted NFT inventory, O minted NFTs outside accounted inventory, and A unclaimed team rights. R is accounted FLOOR reserve, B actual FLOOR balance, and S0 initial token issuance. UNIT = 10^18. Actual outside balances also need external-burn and donation reconciliation; a market-data “circulating supply” is not this ledger.
Issuance and conversion
Public minting pays the immutable mint fee and funds the FLOOR reserve as the NFT is issued. Fee revenue remains separate from reserve backing.
The configured delay gates public minting and NFT deposits from activation. Vault redemption requires available accounted inventory and has no independent timer. The collection router combines the token and NFT movements required for each action in one transaction.
Commit first, reveal later
Folder preparation sorts artwork for inspection. Protocol preparation randomizes public assignments, commits them to a chain/collection-bound root, and retains private salts and records. Reveal proves an existing assignment; it does not perform a new shuffle. Public artifacts and private encrypted recovery material must remain separate.