The record is open.

Orientation

Privacy Coin is the token: EYE. PRISM is the collection: 555 lifetime NFT slots. Both live on Robinhood Chain, chain ID 4663. EYE launched through Sinjoh/Pons with SPY as its paired asset. ETH pays network gas.

EYE holders and PRISM owners participate through two separate fee destinations. Sinjoh handles the EYE-holder distribution. The PRISM contract holds its own SPY reserve, which an NFT owner can access by permanently burning that NFT.

Privacy Coin is a name and an art direction. EYE operates on a public blockchain; transactions are publicly visible. The project does not provide transaction anonymity. The archive’s surveillance imagery is fiction.

Entry conditions

The mint is closed. These are the terms in the deployed NFT implementation for when minting opens.

500 + 55 = 555. Public, discounted and free mints share the first 500 slots. The free allocation is a maximum, not 100 additional NFTs or 100 slots held aside indefinitely. Paid mints can exhaust that shared pool before every eligible wallet claims.

An eligible wallet may claim one free NFT and also purchase discounted NFTs while supply remains. Holding several qualifying NFTs or qualifying through several collections does not multiply a wallet’s free allowance. Transferring or burning the minted NFT does not reset the claim.

The 55 EYE-burn slots are separate from the public pool. Each successful mint destroys 555,000 EYE and creates one PRISM NFT. Filling all 55 would burn 30,525,000 EYE. Public, discounted and EYE-burn transactions support batches of up to 20, subject to remaining supply; free claims are single mints.

Every route creates the same economic rights. IDs 1–500 belong to the shared public pool; IDs 501–555 belong to the EYE-burn pool. These are lifetime allocations. Burning a PRISM NFT never creates another mint slot.

ETH mint payments accumulate separately from the SPY reserve and can be withdrawn to the designated sales recipient. That recipient is currently the main operator wallet listed in the contract directory.

The snapshot remembers

Eligibility will be captured shortly before minting opens, across all three qualifying collections:

The eligible set is the union of holder addresses at a common timestamp cutoff, using the relevant finalized block on each chain. An address qualifying through more than one collection appears once. The snapshot, source blocks and wallet proofs will be published before mint opening. No eligibility snapshot has been committed yet.

Eligibility follows the address recorded at the cutoff. Selling a qualifying NFT afterward does not remove that address’s eligibility; buying afterward does not add the buyer. The same eligible address must mint on Robinhood Chain.

Custody, escrow and contract wallets require attention: the snapshot records the on-chain owner address, without looking through it to an underlying customer. A contract wallet must be usable at that address on Robinhood Chain to claim. The free limit is per eligible wallet, not per person.

The deployed implementation locks snapshot changes while public minting is open and permanently after the first mint from the shared public pool. The contract’s upgrade authority remains a separate trust assumption, described below.

Follow the SPY

The native fee router is configured for one SPY output with two fixed destinations:

The configured ordinary trading terms are 1% base fee plus 2.5% creator tax. The 55/45 split applies to the router’s distributable SPY output, after applicable upstream processing. It is not a promise that 55% and 45% of gross trading fees arrive without deductions.

Pons/Sinjoh fees, conversion costs and rounding affect the net amounts. The Sinjoh router charges a 1% protocol fee, and the holder distributor charges a separate 1% funding fee on its branch. The project adds no separate ongoing operator allocation to the router’s 55/45 split.

Sinjoh’s holder distribution is separate from PRISM redemption. The main operator wallet and configured protocol custody addresses are excluded from the holder branch. Distribution timing depends on Sinjoh’s services; it is not an instant payment guaranteed by holding EYE.

Only SPY already delivered to the NFT contract is redeemable there. Fees awaiting collection, conversion or forwarding are outside the NFT reserve. If you burn before a later delivery, the burned NFT has no claim on that later payment.

Payouts are denominated in the Robinhood Chain SPY token listed below. Amounts in SPY are not fixed ETH or dollar returns. Token transfers, conversion liquidity and continued platform operation remain external dependencies.

Even the unopened eyes count

Every unburned lifetime slot has an equal reserved share. An NFT does not have to be minted yet to count in the denominator.

The rule starts with all 555 slots and subtracts only PRISM NFTs that have actually been burned:

Remaining shares = 555 − PRISM NFTs burned

One-NFT redemption = current SPY reserve ÷ remaining shares

The contract rounds down in SPY’s smallest units. A batch of q owned NFTs redeems current reserve × q ÷ remaining shares, using the share count before that batch. Rounding dust stays in the reserve.

A concrete example

Suppose 250 NFTs have been minted, none has been burned, and the reserve contains 1,110 SPY.

The payout is 1/555, even though only 250 NFTs exist at that moment. Minting another NFT activates an already-reserved slot; it does not add a share or dilute the others. A newly minted NFT may redeem its reserved share of fees collected before it was minted.

A proportional redemption removes both a slot and its share of the current pool. It does not manufacture an immediate windfall for the remaining NFTs. Future SPY deliveries are divided across the smaller number of unburned slots.

If every currently minted NFT is burned while unminted slots remain, those unminted shares stay reserved. There is no deadline or routine owner sweep for them under the current implementation. If those slots never mint and burn, their reserved SPY remains in the contract.

Only the final burn across all 555 lifetime NFTs can receive the entire remaining reserve, including rounding dust. After all 555 have been minted and burned, later SPY receipts can be withdrawn to the configured terminal recipient, currently the main operator wallet.

Close an eye

Burning a PRISM NFT permanently destroys it and pays its current share of the SPY reserve to its owner. There is no separate claim that lets you retain that NFT, and a burned NFT receives no future fees.

The current owner must submit the redemption. An approved operator cannot redeem someone else’s NFT directly. Ownership transfers carry the NFT’s current reserve share with them; there is no separate balance left behind for the seller.

Redemption supports a single NFT or a batch of up to 50 owned NFTs. A minimum-SPY-output parameter lets you reject a payout below your chosen amount. Setting the minimum to zero permits an irreversible burn for zero SPY. Check the available reserve and the transaction before signing.

Under the current implementation, if the SPY payout fails or delivers less than required, the entire redemption reverts and the NFT burn is rolled back. The administrator can pause redemption; SPY transfer restrictions or platform outages can also affect access. There is no guaranteed payout, holding return or redemption date.

There is no minimum holding period in the NFT contract. When the relevant functions are open, ownership and the current reserve determine eligibility to redeem.

The burn is on record

On September 28, 2026, the main operator wallet purchased 55,500,000 EYE in the launch transaction for 0.2655 SPY. It subsequently burned 20,000,000 EYE through the token’s actual burn function.

• Destroyed: 20,000,000 EYE — 2% of the original 1 billion supply.
• Total supply after the burn: 980,000,000 EYE.
• Retained in the operator wallet immediately afterward: 35,500,000 EYE, approximately 3.62% of the post-burn total supply.

The retained tokens remain in the operator wallet; no vesting arrangement is part of the documented launch. The burn does not imply that the operator holds no EYE. These figures are a dated launch record, not a continuously updated balance feed.

Inspect the launch and initial purchase · Inspect the 20 million EYE burn

This launch burn is separate from burning 555,000 EYE to mint an NFT, and separate from burning a PRISM NFT to redeem SPY. It consumed no NFT slots, paid no SPY reward and made no additional liquidity deposit. Burning tokens does not guarantee price appreciation.

Further instructions remain sealed

EYE’s current role is the first entry in the file. Further functionality and potential uses for the treasury tokens held in the operator wallet are planned.

Some doors do not have handles yet.

Built for the next chapter

PRISM is built on OpenZeppelin’s UUPS architecture, allowing fixes and future functionality through an upgradeable NFT contract with a stable collection address.

Safeguards in the current release

• Separate lifetime limits for the 500 shared public slots and 55 EYE-burn slots.
• Exact SPY payout checks, minimum-output controls and full rollback if a redemption payout fails.
• Minting closed and redemption paused before an implementation change, with two-step acceptance for ownership transfers.

The current implementation reserves the NFT’s SPY pool for unburned lifetime slots. The main operator wallet manages upgrades, minting, redemption pauses, metadata and the ETH-sales recipient. Owner-authorized replacement code can change existing rules and access to funds.

The release has undergone internal adversarial review, automated testing, local fork execution and deployed-code verification.

Sinjoh/Pons handle native fee processing under their platform controls, including the Pons protocol owner’s fee-recipient override process with three days’ notice.

Later finalization is planned as a separate development stage. Its scope and timing remain to be defined.

The image is still developing

Final PRISM images and metadata are intended to use IPFS. The NFT contract currently points to published temporary metadata while minting remains closed.

Before mint opening, the plan is to publish the finished collection, verify its image-to-token mapping, maintain pins with two independent providers, and retain an independent backup. The eligibility snapshot is also still outstanding.

An IPFS content identifier identifies particular content. It does not guarantee that someone will keep hosting it, and it does not stop an upgradeable contract from selecting a different metadata location. Metadata remains editable until the relevant restrictions are actually implemented and verified.

There is no announced reveal or mint-opening date here. Treat those as pending milestones, not completed features.

Contract directory

Use the full addresses. Tickers, display names and artwork are not unique identifiers. All addresses in this directory are on Robinhood Chain, 4663.

PRISM is the collection’s public-facing name. The deployed NFT currently reports the contract name EYE and symbol EYE-NFT. Verify its proxy address when an explorer or wallet displays those labels. The implementation address contains the logic; the proxy is the NFT and fee-receiving address.

View EYE on Sinjoh · View the EYE market on Pons · Inspect the confirmed NFT–EYE binding

Questions left in the margin

Can I mint now?

No. Both NFT mint routes are closed. Final art publication, metadata checks and the three-collection snapshot still precede opening.

Does owning EYE reserve me a free or discounted NFT?

No. Free and discounted eligibility comes from the published snapshot of the three listed NFT collections. EYE instead provides access to the separate 555,000-EYE burn mint when that route opens and supply remains.

Do I need to burn EYE to receive the 45% holder distribution?

No. Sinjoh handles the 45% branch for eligible EYE holders. The NFT-burn requirement applies to PRISM’s separate 55% reserve.

Can I collect SPY and keep my PRISM NFT?

The current NFT contract requires destruction of the NFT to redeem its reserve share. Once burned, it has no future fee rights.

What if only one NFT has been minted?

With no previous NFT burns, that NFT can redeem 1/555 of the current reserve. The other 554 slots retain their reserved shares.

Does this launch guarantee a return?

No. The reserve depends on actual fee deliveries. Trading activity can fall, costs and prices can change, and contracts or external services can fail or pause. A token burn, a published contract or an IPFS link does not guarantee a return.

Can the contract evolve?

Yes. The NFT contract supports owner-authorized upgrades for fixes and additional functionality. Later finalization is planned, with scope and timing to be defined separately. File 08 describes the current controls and review status.

The archive is fictional. The addresses, amounts and permissions are public. Read the record before signing.