Strike & buying
A strike that never changes, allowances that never expire, and purchases of any size at any time.
The strike is fixed forever at 1 ETH = 100,000,000 $KEYS. It does not move with the mint price, the epoch, or the market. Buying 50,000 $KEYS therefore always costs 0.0005 ETH.
Buying is a single action against the wallet's total available allowance, not a per-key action. You enter one amount, pay once, and the protocol debits whichever keys are needed to cover it.
- Lowest allowance first: keys are consumed in ascending order of remaining allowance, so a small purchase spends Common keys before rare ones.
- Staked keys count: their allowance is included in the total and they stay staked. Weight comes from the class, so yield is unaffected.
- Listed keys are excluded: a key on the marketplace never contributes to the available allowance and is never debited.
- Listability is permanent: any key with allowance spent can never be listed on the marketplace again.
- No expiry: an allowance stays purchasable for as long as the key exists.
The market price of $KEYS moves independently of the strike. The difference between the two may be positive or negative at any moment, and is shown as information only.
Risk: if the market price of $KEYS is below the strike, buying costs more ETH than the tokens are worth. There is no mechanism that keeps the market above the strike.