Every badge mints with an ERC-6551 account. The NFT is not a picture pointing at a wallet — it owns one.

We deploy our own initializing registry rather than binding the canonical 6551 registry. The canonical registry does not guarantee the account is initialized atomically with its creation, which leaves a window in which an uninitialized account can hold value. Our registry deploys and initializes the clone in the same call, or reverts.

Mint is priced in NVDA, not $JOBBER. This is deliberate and it matters: if mint were priced in the collection token, we would have to sell that token into its own pool to buy the NVDA the accounts are seeded with, producing sell pressure on mint day at exactly the moment the token is most fragile.

Pricing mint in NVDA means the seed asset arrives as the seed asset. No conversion, no market impact, no treasury required.

60% of mint proceeds seed the badge accounts directly. The remaining 40% funds liquidity and operations. A badge is therefore born with NAV in the first block, which is what makes the Redeemer (§7) credible on day one rather than a promise.

$JOBBER's role is activation and the badge AMM. It is a demand sink, not the mint currency.

Raw balances never rebase. Splits and issuer dividends move an on-chain shares-per-token multiplier and the oracle quotes the full token price. Every surface shows raw balance, multiplier, and USD mark as three separate columns. The first time NVDA splits, every holder who expects their balance to change will be in the Telegram, and the interface has to have answered them in advance.