SPRM LABS

Every Specimen mints holding 200,000 $SPRM inside its own account, permanently bound.

Each Genesis Specimen owns an ERC-6551 account: a persistent place to hold capital, receive distributions, acquire assets, and accumulate a permanent history. The NFT is the key to that account, not a picture attached to one.

Control of the account follows ownership of the NFT. When a Specimen changes hands the owner changes, and nothing else does.

Supply is 2,222 and cannot grow. In the whitelist phase a wallet may take two; in the public phase up to three per transaction. Both limits are enforced at the contract.

ERC-6551 gives an NFT its own account. The standard also gives the NFT's owner unrestricted execution rights over it — the owner can call anything, approve anything, withdraw everything.

SPRM Labs removes that for one asset.

Once $SPRM enters a Genesis account it becomes Seed, and there is no path back out.

Seed is not a second token, not wrapped $SPRM, not a staking receipt, not a points balance. It is the same $SPRM under a different permission state.

The restriction is enforced at the account execution layer, not the frontend, and applies to $SPRM specifically. SPCX, NFTs and other assets held by the account remain withdrawable by the owner.

Capital is bound. Earnings are not.

The protocol allocates 444,400,000 $SPRM across the 2,222 Specimens.

Bound at block one. No vest, no cliff, no unlock, no claim.

Seed has two jobs, and neither of them is earning:

Anyone can add Seed to any Specimen by sending liquid $SPRM to its account at 1:1. No cap, no whitelist, no cooldown. The moment it lands, the transition is permanent.

A Specimen mints dormant and earns nothing. Activation is paid exclusively from its own Seed balance in $SPRM. No ETH, no separate token, no payment from an external wallet.

Each step up costs more than the step before it and buys less multiplier than the step before it.

A Specimen begins with 200,000 Seed. T1 is reachable from that allocation. T2 and T3 are not — both require acquiring liquid $SPRM on the open market and binding it before the burn.

100% of $SPRM used for activation is burned. No portion goes to the team, the Bank, the reward pool, or any treasury.

A Specimen cannot activate into a tier it cannot afford. The holder deposits additional liquid $SPRM, which becomes permanently bound as Seed, and activation then consumes it.

There is no bypass around the Seed layer.

This applies to reactivation. A T1 activation leaves 111,112 Seed — enough for one more T1 after a transfer and nothing past that, so a Specimen that changes hands repeatedly needs a deposit unless hourly distribution has refilled the gap.

Activation does not transfer with the NFT. Every transfer or sale resets it — the Specimen returns to dormant and the new owner must activate again and select a new tier.

Remaining Seed, assets and history stay with the NFT. Activation count is public and permanent.

Rewards are funded by trading fees, never by minting new supply.

The 56 / 24 / 20 split applies to what reaches the distributor, not to trade value directly. The distributor converts through the same pool and pays the same fee there, so the settled ratio lands near 55.4 / 24.6 / 19.8.

Seed balance does not enter the formula. A Specimen holding 5,000,000 Seed at T1 earns exactly what a Specimen holding 5,000 Seed at T1 earns.

Dormant Specimens are absent from both numerator and denominator, so they forfeit their share to the active population rather than diluting it.

SPCX is the external reward. Acquired with protocol revenue, distributed to active Specimens, liquid and withdrawable.

$SPRM is bought on the open market — never minted — and sent into Specimen accounts, where it becomes bound Seed.

The hourly $SPRM distribution is not compounding a yield. It is building a budget.

The Bank is multi-currency — royalties arrive in ETH, the trading-fee share in $SPRM — and it is the protocol's only source of external capital.

It additionally holds the 15.56% $SPRM allocation reserved for operations and liquidity.

Royalties route entirely to the Bank where marketplace infrastructure enforces them. Expected royalties are never treated as realized capital — only ETH actually received is accounted for or deployed.

Bank capital deploys into NFTs, Laboratory inventory, ecosystem assets, prizes, events, incentives, and future products.

Because royalties are independent of token volume, the two revenue lines fail independently. If $SPRM trades flat, the Bank keeps accruing and the Lab keeps acquiring inventory.

A holder connects one or several wallets. The Lab resolves every Specimen across them into a single interface. Aggregation is application-layer only — custody does not change and each Specimen keeps its own account.

The Lab is never the source of truth. The chain is. Every figure must be reproducible from contract storage and protocol events.

Every meaningful action is permanent record: mint, transfers, activation and tier selection, Seed deposits, hourly distributions, burns, SPCX received, asset acquisitions and Lab purchases.

A seller cannot rewrite a Specimen's history through metadata. Due diligence on a Specimen is a computation.

The Lab makes external and protocol-owned assets available in exchange for Seed.

If the Specimen lacks enough Seed, the holder acquires liquid $SPRM and Seeds it first.

Every clearing event publishes a public, market-set price for bound $SPRM. A $6,000 asset clearing at 1,200,000 Seed values bound $SPRM at $0.005 in real assets — established by transaction, not assertion.

Seed spent inside the Laboratory is destroyed.

There is no path from Seed back to liquid $SPRM.

Asset markets, Lab items, auctions, Bank-funded events, collection mechanics, and randomized prize systems where legally permissible. Not separate token economies — modules on the same Specimen, Seed and account state.

Every one of them died the same way. Value had a door out of the system and no door back in.

The sequence is identical each time. A collection emits a token to its holders. Holders sell it, because selling is the only way to realize the yield. The price falls. Emissions continue at the same rate against a lower price, so the yield story now requires more emissions to say the same number. The team ships a second season to fund operations and dilutes everyone who arrived first. The token goes to zero and the collection follows it down.

Four leaks produce that sequence.

Each answer resolves to the same structural fact: $SPRM has an entrance to the Specimen account and no exit. Tokens can be seeded in, distributed in, and burned out of existence. Nothing moves the other direction, because the function does not exist and the contract cannot be upgraded to add one.

That makes every distribution a permanent removal from float rather than a deferred sale, and every activation a permanent destruction rather than a transfer to a treasury.

A conventional 6551 account's contents are worth nothing to a buyer until the moment transfer settles, because the seller can empty it one block earlier. Every collection using the standard inherits this. It is why 6551 balances have never functioned as a floor.

Removing the exit path produces three things a withdrawable balance cannot.

The standard treats the token-bound account as a container the owner can empty. This implementation treats it as a vault. The difference is that one of them can be priced by a buyer.

A fixed daily print is the most common design in this category and the reason most of them fail. It requires perpetual new demand simply to hold price flat, and hands early participants an advantage that later participants finance.

$SPRM's supply is fixed at deployment. Three mechanisms remove tokens from circulation and none add to it:

Rewards are funded by fees actually collected. If volume is zero, distribution is zero. The protocol has no mint function and cannot substitute issuance for revenue.

Rewards are a share of a fixed pool, so a tier is only an advantage relative to what everyone else selected.

If every Specimen sits at T1, each receives 1/2,222 of every distribution. If every Specimen sits at T3, each still receives 1/2,222 — having burned 388,888 $SPRM to get there.

The advantage of a higher tier erodes as the collection upgrades. An early T3 is a real edge over a field of T1s, and that edge narrows as others follow.

What does change is supply. A collection fully upgraded to T3 has burned 864,109,136 $SPRM, most of it acquired from the open market since T2 and T3 both cost more than a Specimen's Genesis allocation. The tier race is a coordination problem for holders and a supply sink for the protocol, and both are true at once.

Three categories that never collapse into one number. Merging them would present bound tokens and external assets as the same thing.

Seed is never displayed as earnings. It is spending power inside the Laboratory. A Specimen's Seed balance and its reward share are unrelated figures and are never presented as though one drives the other.

The intent is a protocol that can be inspected as an economy rather than summarized as statistics.

Known failure modes and the mechanism that addresses each.

Parameters may change. The invariants should not.

Remaining implementation work:

SPRM does not rely on promising an outcome. It defines a set of irreversible state transitions.

Capital can enter a Specimen. It can become productive. It can be consumed. It can move between Specimens under explicit rules. It can be destroyed.

What it cannot do is quietly leave the system through a path the protocol claims does not exist.