← oligarCH · 8 of 9

SMOKE

DECENTRALIZED

The picture below is the token: every byte of it lives in the minting transaction. No IPFS, no server, nothing to keep alive.

DECENTRALIZED

Three delegates take the stage. Two of them are him, at an angle, in glass. That is what the smoke is for — not to hide the man, to stop you checking how many there are.

He holds the only keyring because there was only ever one set of keys. For the first 4,490,510 blocks — every block from 2017-09-23 to 2020-07-29 — the chain names its own producers, and there are seven of them, all called ByronGenesisKey, taking turns within 3,000 blocks of each other. Nobody else could produce a block at all. Shelley kept the same seven as its genesis delegates and set the quorum at five, and 1,215,383,026 ada then left the reserves and the treasury on signatures alone, years before any holder could vote on anything.

None of that was hidden. It was published, in the genesis file, in plain JSON, the whole time. "Decentralized." The sign was always the trick — you were never going to walk up and count.

--days
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mint closes 09 Aug 2026 12:02 UTC · enforced by the policy itself, not by this page
Also open right now: BYTTG (1 of 9, closes 08 Aug 2026 05:00 UTC), IVYOM (3 of 9, closes 08 Aug 2026 23:52 UTC), TGM (2 of 9, closes 08 Aug 2026 20:20 UTC), NDL (6 of 9, closes 08 Aug 2026 22:04 UTC), HOTEL (5 of 9, closes 09 Aug 2026 01:05 UTC), ORG (4 of 9, closes 09 Aug 2026 02:32 UTC), DNPG (7 of 9, closes 09 Aug 2026 03:49 UTC). Separate policy, separate deadline, separate collection.
policy idcomputing…
policy script{ "type": "before", "slot": 194710680 } — no signature required, so anyone may mint until that slot, after which the policy is dead forever
asset nameSMOKE<8 hex> — derived from the UTxO you spend, so every mint is a distinct token
image9,501 bytes of SVG, base64 in CIP-25 metadata
you pay~0.76 ADA network fee, plus ~1.18 ADA min-UTxO that stays in your wallet holding the token
creator takesnothing — there is no payment address in this transaction
proofthe image is embedded in the transaction your wallet signs. After it confirms, pull the base64 back out of the CIP-25 metadata, decode it, and you get the picture above — byte for byte, from the chain, with no server involved.
Open policy, honestly stated. The policy requires no signature, which is what makes the mint free and permissionless. It also means supply is unlimited and anyone can mint anything under this policy id until the deadline. That is the joke, and it is deliberate. Do not treat this as a scarce collectible.