a liquid edition ·
how it works
The rules are contracts. The numbers are read from the chain as you look.
the edition
ANGEL is an ERC-20 whose whole supply lives in a market from the first second: every token placed in a pool paired with RARE. No sale, no allocation. The artist was given none and buys off the curve like anyone.
The pool is a curve, not a pot: the supply sits on a staircase of prices. Every buy takes tokens off it and moves the price up a step; every sell puts them back and moves it down. The price is how far up the staircase the crowd has climbed, net. Nothing else sets it.
Trades settle in RARE; SuperRare's panel takes ETH, RARE or USDC and swaps behind the scenes. The artist earns a fee on every trade: … is the artist fee printed on the plate. SuperRare has not confirmed the split.
- reading the chain…
the image
One image, the same for everyone. SuperRare's frame cannot see who is looking, so the plate is driven by three things anyone can verify.
- the crowd
- distinct holders assemble the angel. one, a sliver; fifty, the chest; …, the whole figure. a holder holds at least one whole ANGEL.
- the burn
- ANGEL burned opens the pit and lights the candles.
- the climb
- a price above launch lights the halo, even over an unfinished body.
With no ANGEL you see the demon and the numbers. Your own view is here, with a wallet connected.
- reading the log…
the ten lenses
A lens is a way of reading the same market. A verb is what a holder must do to take it. The lenses are not for sale and cannot be listed; each goes to whoever does its verb best, and the contract moves it. Nobody's approval is asked.
| lens | title | verb | how |
|---|
how a lens moves
Every lens has two doors.
- the verb
- free. beat the holder by the margin: …. the chain checks five verbs itself: the high, hold small, burn, witness, still. the other five are read from the log by the artist's indexer, which signs an attestation the claimer submits. the signer is a trust point, disclosed: ….
- the burn
- anyone may take any lens by burning more ANGEL than its last taker: ×1.04 per take, from a floor of …. the price is destroyed, not paid; it must be bought first, which pays the fee. burning is lens 05's own verb, so it counts there too.
- the cooldown
- … after any take before the lens can move again. margin and cooldown stop two wallets flapping a lens between them.
- one each
- a wallet holds at most one lens, so the ten sit with ten people. holding one, every other door is shut to you until you release it; a released lens goes back to the artist and is claimable at once. the artist is the exception, holding the ones nobody has claimed yet.
- the free door
- lens 08 costs nothing: a window opens every … and stays open …. send the claim inside it.
Every take is a Transfer and a Claimed event. Not a reason; a record. The doors →
the month · the flows
The show runs in chapters of two months, one verb a month. Each month is opened on chain the day it begins, with its verb in one line; nothing later exists yet. This month: ….
At the close the holder of the month's lens (…) names who the record says did it: holding the lens is the office. If the holder is silent the artist names as the fallback. Each naming is a flow, named by what happened: witness · I.1 · 3 of 12 — the verb, the chapter and month, its place in that month. A wrong flow can be withdrawn by the artist within a day, then never.
The artist's earlier collectors are recognised, not privileged: a snapshot of their wallets is one root on chain. Connect, and the site says here since the year you arrived. Nothing is unlocked by it; the verbs are the same for everyone.
- reading the chain…
what is live now
The market is on SuperRare. The verbs are on this site; SuperRare will never surface one.