A coin through the net,
or back to the backers.
A shot has a target and a window. If subscriptions reach the target before the window shuts, the shot is made. If they do not, it is missed and every backer is owed their money back — which is a figure in the book from the moment it happens, not a promise in a paragraph.
| opening a shot | Nothing at all. A target is an intention, and booking an intention as a figure is how “committed capital” stops being distinguishable from money. |
| backing one | One entry, three legs: you are owed the full amount, the vault takes it less our 2%, and the house account takes that cut inside the same write. |
| a missed shot | Refunds are entries too — the vault down, redeemed up. Until they are all written the shot stays MISSED rather than SETTLED, so the gap is visible instead of assumed. |
| every one of them | Refused unless its legs come to nothing. That is checked when the entry is built and again when it is posted. |
| Ticker | Target | Closes | |
|---|---|---|---|
| $HLJSX8Q | 1 | in the air | |
| $HELLO | 0.01 | in the air |
A window may be up to 72 hours. The book currently holds 17 entries, and its two sides come to 0. Read them →
2 to 10 letters or digits
in SOL. The shot is MADE the moment subscriptions reach it.
hours, up to 72
Nothing. A target is an intention, and booking an intention as a figure is how “committed capital” stops being distinguishable from money. The book stays silent until somebody actually backs it.
Nothing here signs a transaction. Connecting proves the address is yours so entries can be attributed to it — the signature is free and moves nothing. This book is the product's own record, not a chain.