$111 permanent collection

$111 was deployed in a single transaction through the artcoins factory. The factory minted the whole 1.11B supply and placed all of it into the official pool as liquidity. Nobody, the team included, received tokens ahead of the public. From the first block, everyone buys from the same pool on the same terms.

• No presale, no private round, no vesting cliffs
• No team, treasury, advisor, or marketing wallet
• No airdrop and no post-launch mint, the supply is fixed
• An anti-sniper window keeps the first ~30 minutes from being front-run: the swap fee starts high and decays to the baseline, and the overage feeds the live bid

There is nothing to unlock and nobody with a head start. 100% of $111 is liquidity.

• 100% Liquidity (locked in the conversion locker, fees route to the live bid)
• 0% Team / founders
• 0% Presale / investors
• 0% Treasury / reserve
• 0% Airdrop / marketing

The liquidity sits in the conversion locker whose reward recipient is permanently fixed to the live bid (admin set to the dead address), so the LP can't be pulled and its fees flow back into buying Punks.

Every swap pays a 6.5% fee. Unlike most coins, the bulk of it doesn't go to a team, it goes to work for the mission:

• 5% to the live bid, the standing ETH offer that acquires Punks into the vault
• 0.5% LP fee, which at launch routes to the live bid too (the locker holds all the liquidity)
• 0.65% to the team
• 0.25% to swap referrer
• 0.10% to a $LAYER buy-and-burn, the artcoins protocol's share

None of the fee is paid out to $111 holders. The value it creates is a growing, on-chain collection of Punks that can never leave the vault. How it all works →

When a return auction is won, the proceeds are split on-chain: 65% refills the live bid, 25% buys $111 and burns it, and 10% feeds a separate burn pool. Burned $111 goes to the dead address, gone from supply for good.

The 15% tax is on side pools only. It is never charged on the canonical (official) $111/ETH pool. Its one job is to keep trading on the canonical pool, where the fee funds the mission, so it fires only on a buy from an unofficial side pool. It does not touch:

• Any buy or sell on the canonical (official) $111/ETH pool (exempt by design)
• Any sell, on any venue
• Wallet-to-wallet sends, bridges, lending, and CEX moves

Taxed tokens are burned, never sold. The rate is tunable by the admin within a hard 20% ceiling and can never go higher. The simple rule: buy on the official pool and you pay no tax.

Structural fairness isn't a promise of price. $111 is a speculative token and this isn't financial advice. Go in clear-eyed:

• The price is volatile and can go to zero
• $111 doesn't redeem for vaulted Punks or any asset
• Holders have no governance, no vote, and no fee share
• A few bounded parameters (the seller allowlist and a couple of fee-rate knobs) stay admin-tunable within hard limits for about 1 year, then lock. The admin can never move funds
• The point is the art and the mission, not a return to holders

Don't trust the copy, read the chain:

• All contract addresses →
• The $111 token contract →
• Read tokenURI / contractURI on-chain →
• The Proofs the vault has issued →
• The full protocol overview →