CHIMERA/ PATRONAGEMAINNET LAUNCH · 11 OCT 2026THE MARKET AS A PATRON
One permanent square. A shared composition. A visible account of how exchange could support the people and machinery around it.
The selected direction is Commons with a 0.5% buyback allocation: support the studio, reward eligible holders, and buy CHM to burn. Reading the verified launch and its finalized fee receipts below.
01 / THE ECONOMICS
A FEE RECEIPT / ILLUSTRATIVE
Rewards need at least 0.1% of supply held by eligible holders. For sells, eligibility is checked after the sold tokens leave the seller.
After the opening window, using 0.3% LP and a 25% surcharge on the combined project cuts. Calculated in integer lamports. Studio and buyback figures are gross allocations before executor bounties and buyback trading costs, not guaranteed payouts. This illustration excludes price impact, slippage, rent and network fees. On sells the amount means gross SOL output before fees, not CHM input.
The first 30 seconds can carry a much higher protocol fee, up to 80%. A fresh wallet quote is required before any trade.
02 / AN EXHIBITION, NOT JUST A TAX
The quilt stays untouched. A separate reading finds repetition and bursts, selecting passages for a closer look. Anyone can reproduce the result.
SIMULATED PALETTE STUDY · Deterministic analysis, not an AI agent. No additional marks, trading rewards or rarity scores are created.
ONE TRANSACTION / ONE SQUARE · ORIGINAL PALETTE
03 / THE NEXT EXPERIMENT
Keep the verified quilt and its unchanging time × amount rule. A successful buyback leaves one square like any other trading transaction, identified in its receipt as a protocol buyback. Burning tokens never erases a square or creates a second one.
The holder fee follows eligible balances. The studio supports production. The new allocation funds purchases through Bordrless’s Companion system, which burns what it buys. Its 1% creator fee splits equally between studio and buyback, alongside the separate 0.5% native holder fee.
A future curator could interpret passages and trace verified buyback marks. The live ledger records SOL spent and CHM actually burned. Its computation budget would come from an explicitly approved part of earned studio fees.
Buybacks happen in batches, subject to timing, size and price limits. Money can wait in the buyback account; a fee collected is not a purchase completed. The mechanism does not promise a price floor or returns.
The live ledger verifies the Companion launch and reads finalized receipts. The AI curator, automated studio spending and NFT distribution are not deployed. A future curator gets no authority to trade, change taxes or rewrite the artwork.
04 / THE LIVE PATRONAGE LEDGER
Reading the verified launch state…
Amounts come from finalized protocol accounts, not volume multiplied by a fee rate. The beneficiary payout counter includes unused setup SOL returned to the studio, so it is not a pure earnings figure. Pending buybacks have not yet purchased or burned tokens. Account totals can be newer than indexed receipts.
Bordrless supplies the default Companion executor; its steps are also open to others. CHIMERA’s collector reads the results and never signs transactions. Timing and price limits can delay execution, and small accruals can wait for an economical claim.
Each receipt belongs to a recorded square. Creator fees are split later by the Companion; holder fees are separate. Claims and payouts without a trade do not create squares.
The commons route uses the native kit hook, not a newly deployed CHIMERA art contract. Its rewards rule permits ordinary wallet destinations and its official pool, but rejects other non-exempt off-curve destinations; this can obstruct program-based integrations even after graduation. A router that uses the official pool and delivers to an ordinary wallet may still work. No specific integration is confirmed here. A custom token hook cannot be stacked with the kit.
The open-studio comparison removes that rewards-specific restriction. Other venues still need to support the token standard and remaining cap rules; compatibility is not promised.
Competition participation is planned. The quoted $5,000 / top-three / 72-hour announcement does not establish eligibility, start time, deadline or judging metric here. Those terms need an official confirmation.