Minting burns 100,000 OTC and issues a Metaplex Core NFT with a vault address derived from it. The burn happens inside the mint instruction, before the NFT exists — Solana transactions are all-or-nothing, so there is no version of this where somebody gets a desk without the supply going down.

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.

A freshly minted desk earns nothing until you activate it. Press Activate on the mint page or your profile, approve the transactions, and it is done once — permanently.

Solana will not let one account hold a balance of more than one token. Each stock needs its own account on your desk, created and rent-funded ahead of time, and ten of those do not fit in the same transaction as the mint. That is the only reason this is a second step.

Nothing is lost by waiting. What a desk is owed is recorded from the moment it is minted and keeps accruing whether its accounts exist or not. Rounds skip it until they do, then pay it in full.

The moment the pot clears 0.1 SOL 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 vaults happens afterwards, one transaction per desk, and anybody can trigger it.

The rotation holds eleven now. Ten of them are tokenised equities; the eleventh is $OTC, the protocol's own coin, bought the same way as the rest — through the rotation, at whatever the market asks, and held in the same vault under the same rules.

Everything the protocol spends passes through one account — the pot. Three things fill it.

The 100,000 OTC deposit funds none of this. It is destroyed, it goes nowhere, and nobody receives it. Total supply is permanently smaller every time a desk is minted.

621 desks were granted, not minted, to settle the early-minter refunds. Those burned nothing and paid no surcharge. They share rounds exactly like any other desk.

0.05 SOL per mint — a tenth of the 0.5 SOL surcharge, taken by the mint instruction — and a share of the creator fees the token earns as it trades.

Every coin launched pays the pot 10% of its creator fees, and that does not depend on OTC being traded at all.

Anyone can launch a coin from the launcher. It is an ordinary pump.fun coin and you are its creator. The one difference is what happens to its creator fees: they are assigned to the protocol in the same transaction that creates it, and you pick one stock at launch. Both of those are permanent.

The 70% is swapped into the stock the coin chose and sent straight out to holders, split pro rata. There is nothing to claim and no button to press. The stock arrives in your wallet.

Selling a desk is selling the NFT. The vault is derived from the NFT and every instruction checks ownership against it, so transferring the NFT transfers everything that vault holds. It is listed on Magic Eden; a 5% royalty on each sale goes to the pot.

The pot and the config are program addresses, derived from a seed rather than owned by anyone. The rest is read off the config account, so nothing here can drift from what the chain is running.

The first 96 desks burned 1,000,000 OTC each against 100,000 today, so every one of them had overpaid by nine desks' worth. That is settled. 13 wallets took SOL and 55 took desks, 621 of them, each listed with the transaction that issued it.