ponsdesk

THE INVENTORY

The inventory is every drawer added together, the full shelf the desks have stocked since the first fill. All of it below is read from the chain while you look at it.

THE FIGURES

WORTHacross every drawer

PER DESKwhat each desk stands on

FILLSlanded to date

LEVIESleft behind by folders

WHAT THE SHELF HOLDS

EQUITY	UNITS	SHARE	MEASURE	SHORT

Deepest shortfall first. The top row is the machine's likeliest next buy.

HOW WORTH IS MEASURED

One method, no committee: each holding times what the venue quotes right now, summed, plus the ETH waiting in the till. Nothing is smoothed and nobody marks the book by hand. When the market moves, a desk's worth moves in the same block, which is why the entry price on the cover is live and can shift between your page load and your transaction. The contract prices your mint at execution, not at display. And it can move down. ponsdesk makes the number honest, not safe.

THE FLOOR UNDER A DESK

A desk can always be opened up. Folding burns the token and hands its holdings out through the levy, and because that door never closes, the market gets a floor it cannot argue with: a desk listed under its holdings minus the levy is free money to whoever buys it and folds it, and someone always will. The floor is not a promise anyone keeps. It is just what the desk is made of. Meanwhile every fold makes the remaining desks a little heavier, since the levy spreads to them through the tallies. Leavers pay stayers, at a rate fixed forever at launch.

SETTING	VALUE
Levy
Royalty

WHERE THE ETH COMES FROM

SOURCE	PATH
Minting	The flat fee to the till, the entry price held as backing
Folding	The levy stays on the shelf for the desks that remain
Resales	The collection royalty, turned into the till by anyone

Three ways in, one address, one way out. Everything lands in the till and the till spends through fills, nothing else. There is no second treasury, no allocation, no side door. What arrives either stands behind a desk or buys the next shortfall.

RULES THAT HOLD IN EVERY BLOCK

Checkable by anyone with a node, true in every block since launch.

RULE
Every drawer summed, plus undelivered credit, equals the inventory
What any desk is owed equals its tallies minus its notches, and nothing else
Inventory worth over standing desks equals the next mint's entry price, exactly
The till only ever shrinks through a fill, and serials never come back

TAKE NOTHING ON FAITH

This site is a viewer. The chain is the record, the record is public, and every sentence here can be tested against it.

CLAIM	CHECK IT
A desk's holdings	Open its drawer on the explorer and read the balances yourself
The entry price	Price every drawer at the venue quote, divide by standing desks, compare
The machine's honesty	Take any fill, read the shortfalls one block before it, the rule must have picked that equity

SPLITS AND DIVIDENDS

Tokenized equities on Robinhood Chain carry their corporate actions at the token layer. A desk's stock sits in its own drawer as plain balances, so splits and distributions land in every drawer directly, in proportion, with no ponsdesk code in the path. The desks inherit what the stock does the way a brokerage account does, by holding the thing itself.