II / Collection
| Supply | 1,792 — the Buttonwood Agreement, 17 May 1792 |
| Standard | ERC-721 + ERC-6551 token-bound account per badge |
| Art | UV security print, generated on-chain, reactive to activation state |
| Mint price | Denominated in NVDA |
| Royalty | 5% secondary → fee router |
1,792 rather than 4,444 for one reason: arithmetic. The same fee stream split 1,792 ways is 2.5× what it is split 4,444 ways. Below a certain per-badge figure a distribution stops being income and becomes dust, and dust does not hold a floor.
Badges 1–24 are Signatories. Named for the 24 brokers who signed under the buttonwood tree. They carry a permanent base weight that is not subject to decay and stacks with any tier they activate. There are 24 and there will never be more.