POSSESSION TERMS · SPECIMEN NO. 1 · EDITION 2
What the holder of Specimen No. 1 owns.
The holder of the live certificate is the owner of Specimen No. 1. The Keeper holds the object on the owner’s behalf and has no ownership interest in it — the Keeper cannot sell it, keep it, or transfer it except as the owner directs under these terms.
Specimen No. 1 is one physical object. What changes hands is the certificate: a token on Solana in the Specimen No. 1 collection that names the owner. At most one live certificate exists at any time. The collection address is 6GmPkkZHyLCZqzXSSheN3MxGZhJ47VDggndBnJL7P7a4; it is the certificate’s on-chain collection.
The specimen remains in custody permanently. It is not delivered to any owner, because the Ascent depends on the object being verifiable by every future owner. Custody passes from the Keeper to a named third-party custodian when the record — the amount the Vault has paid for the certificate — first reaches $1,000,000; after that, the owner may direct a transfer to any qualified custodian of their choosing.
As owner, you may
- Sell or transfer the certificate to anyone, at any price.
- Accept the Vault’s offer when it is funded, and be paid.
- Decline the offer, as often as you like, by signing a decline on-chain.
- After custody graduation, direct a transfer to another qualified custodian.
As owner, you may not
- Take physical possession, learn the location, or direct the Keeper or custodian to open, alter, or destroy it.
- Claim anything from the Vault beyond accepting its offer.
If the certificate is burned
Burning the certificate forfeits it; the burner is not paid. The specimen is unaffected. After the Vault’s first completed acquisition, anyone may have the Vault issue a successor certificate — Certificate 2, 3, and so on — which the Vault holds and offers for sale, and the record continues. Before the first acquisition, a burned certificate cannot be replaced. The certificate number is part of the provenance.
If the owner goes silent
When the Vault’s offer is funded and the owner neither accepts nor declines for 90 days, the Vault pays the full offer to the owner’s wallet, marks that certificate VOID, and issues a successor to itself. A present owner is never forced out: signing a decline at least once every 90 days is enough to hold indefinitely.
Proof of Turd
Until custody graduation, the Keeper posts the hash of a monthly dated photograph of the sealed specimen on-chain; the photograph itself is published on Arweave. The site shows every proof and how long since the last one.
What “sold for” means
The record is the amount the Vault paid for the certificate. Every payment is a real transfer of USDC on Solana.
Holders of $POO own $POO and nothing else. No one has any claim on the Vault except through its published program. The Vault program is upgradeable at launch; the plan is to revoke its upgrade authority after $POO graduates to PumpSwap and the first verified buyback-and-burn, and to announce that transaction.
On-chain notes
A decline moves no funds and resets the dormancy window. After a dormancy reclaim, the old certificate is marked VOID but is not removed from its owner’s wallet. A recorded acquisition states what the program paid for the recognized certificate; it does not establish that the participants were economically unrelated. The vault program has no physical-redemption path; the custody arrangements above are the Keeper’s signed commitments, not program functions. Proof of Turd is a signed file-hash log: a matching hash verifies the posted image bytes, not physical custody or when the photograph was taken.
The permanent copy of these terms and the signed dossier are on Arweave: Possession Terms · Keeper’s Declaration (signed scan) · Intake Record · Statement of Origin.