$ONTM
The TIMEFACE is the scarce thing; $ONTM is what a TIMEFACE can be turned back into. Holding pays rent from later mints and royalties, burning cashes out, and the two are deliberately in tension. Every mint, swap and royalty feeds a Uniswap v4 hook that buys $ONTM back from the market and burns it.
Three exitsHold, burn or sell
A TIMEFACE is not a picture with a price attached: it holds a claim on future mints and royalties, and that claim can be collected, cashed out or handed to a buyer. Only one of the three.
40% of every later paid mint and 50% of every royalty is shared live by the TIMEFACEs already minted. Claim once every 2 hours per NFT.
From Epoch 3. The burn also pays the NFT's unclaimed rent and its share of the burn vault (10% of every paid mint).
Unclaimed rent travels with the NFT, so a buyer gets it on top of the art. The 5% royalty is enforced (ERC-721-C).
Burn rateThe longer it earned, the less it returns
A TIMEFACE burned in the epoch it was minted returns 1,000 $ONTM, sliding to 500 as that epoch fills. Each later epoch halves it again. Age is counted in epochs of the collection, not in days. Burns open in Epoch 3; a TIMEFACE must be 10 minutes old and a later mint must exist.
| Burned | At the start of the epoch | When the epoch is full |
|---|---|---|
| In its own epoch | 1,000 $ONTM | 500 $ONTM |
| 1 epoch later | 500 $ONTM | 250 $ONTM |
| 2 epochs later | 250 $ONTM | 125 $ONTM |
| 3 epochs later | 125 $ONTM | 62 $ONTM |
| 4 epochs later | 62 $ONTM | 31 $ONTM |
| 5 epochs later | 31 $ONTM | 15 $ONTM |
There is no separate emission schedule: this rate is the whole of it. Only the burner contract can mint $ONTM, and only for a burned TIMEFACE.
CeilingThe token is priced by the mint
While 1,000 $ONTM is worth more than entry to the current epoch, it pays to mint a TIMEFACE and burn it. That arbitrage pins $ONTM near the mint price ÷ 1,000, and the ceiling doubles with every epoch. The pool opens at the Epoch 7 ceiling.
| Epoch | Mint price | Ceiling (ETH per $ONTM) |
|---|
All of it seeded into the pool when trading opens; that liquidity is locked in the hook forever.
The launch million plus at most 10,000,000 from burned TIMEFACEs.
Launch million plus burns, minus everything the hook bought back and burned.
The hookEvery fee is split on the spot
The NFT holds the rent, the token carries the price, and a Uniswap v4 hook takes the protocol's share of mints, swaps and royalties: 75% of it is project revenue, 25% buys the token back and burns it. Each split happens in the transaction that receives it.
50% to the hook (75% project, 25% buyback), 40% as rent to the NFTs minted before it, 10% to the burn vault.
Taken by the hook on the ETH side. It starts at 50% at launch and falls to 5% over 10 minutes.
ERC-2981 royalty, split 50% rent, 30% stakers, 20% hook. The receiver cannot be changed.
50% burned, 30% to stakers, 20% to the treasury.
The hook buys $ONTM inside somebody else's swap, at most 0.04 ETH per block and about 1% of price per buyback, and burns what it bought. Trading opens once Epoch 6 is full. Before that, $ONTM moves only between wallets and the protocol contracts.