You don't have to believe me, and actually I don't want you to believe me. What you can definitely believe in; is the code. 99.999% of all Rugpulls happen because people like you don't read the code.
Here is our code, read it:
Address Generation Requirements:
json
{
"vanityAddress": {
"prefix": "OTCM",
"suffix": "GROO",
"encoding": "Base58",
"keyType": "Ed25519",
"totalLength": "43-44 characters",
"network": "Solana Mainnet",
"programId": "TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA"
}
}
Core Token Parameters
json
{
"tokenStandard": "SPL Token (Token-2022 Program)",
"mintAddress": "OTCM[...]GROO",
"supply": {
"total": 1000000000,
"decimals": 9,
"mintable": false,
"burnable": true,
"freezable": false
},
"authorities": {
"mintAuthority": null,
"freezeAuthority": null,
"updateAuthority": "Multi-sig PDA (2-of-3)"
}
}
Token Naming Convention
json
{
"naming": {
"tokenName": "Groovy Company, Inc.",
"tokenSymbol": "GROO",
"displayName": "Groovy Company, Inc. Security Meme Token SMT",
"example": {
"company": "Groovy Company, Inc.",
"ticker": "GROO",
"tokenName": "Groovy Company, Inc.",
"tokenSymbol": "GROO",
"mintAddress": "OTCMxyz123abc456def789ghGROO",
"displayName": " Groovy Company, Inc. Security Meme Token SMT "
}
}
}
Fee Structure
json
{
"fees": {
"tradingFee": {
"percentage": 5.0,
"breakdown": {
"platformFee": 0.4,
"protocolEnhancement": 4.6
},
"collection": "Automatic via Token-2022 transfer hooks",
"distribution": {
"otcmProtocol": 2.0,
"liquidityProviders": 2.0,
"companyBuyback": 0.5,
"stakingRewards": 0.5
}
},
"networkFee": {
"solanaGas": "~0.000005 SOL per transaction",
"priorityFee": "Optional (user-defined)"
}
}
}
}
Comprehensive Token Metadata
Identity Metadata
json
{
"metadata": {
"name": "Groovy Company, Inc.",
"symbol": "GROO",
"uri": "
metadata.otcm.io/tokens/[MIN…]",
"decimals": 9,
"supply": 1000000000,
"mintAddress": "OTCM[...]GROO",
"standard": "Metaplex Token Metadata",
"version": "1.0"
}
}
Company Information (Example: Groovy Company, Inc.)
json
{
"company": {
"legalName": "Groovy Company, Inc.",
"commonName": "Groovy",
"otcTicker": "GROO",
"cusip": "398765432",
"cik": "0001234567",
"lei": "549300ABCDEF123456789",
"ein": "12-3456789",
"stateOfIncorporation": "Wyoming",
"incorporationDate": "2020-03-15",
"fiscalYearEnd": "12-31",
"registeredAgent": {
"name": "Wyoming Registered Agents, LLC",
"address": "1234 Capitol Avenue, Cheyenne, WY 82001",
"phone": "404-734-3277"
},
"businessAddress": {
"street": "12 Daniel Rd Eaast",
"city": "Fairfield",
"state": "NJ",
"zipCode": "07004",
"country": "United States"
},
"contactInformation": {
"primaryEmail": "info@otcmeme.com",
"investorRelationsEmail": "ir@otcmeme.com",
"phone": "404-734-3277",
"website": "
otcm.io"
},
"businessDescription": " Groovy Company, Inc. aka OTCM Protocol is a Wyoming corporation building the infrastructure layer-2 platform on Solana for tokenized OTC securities. The company has developed a revolutionary platform that enables 1:1 tokenization of illiquid stocks, where each (SMT) Security Meme Token is backed by actual shares held permanently in SEC-registered custody with Empire Stock Transfer. By converting dormant OTC securities into 24/7 tradable blockchain assets on Solana, OTCM Protocol creates permanent liquid markets for thousand of companies and millions of shareholders currently trapped in zero-liquidity positions. The platform addresses a $50 billion market opportunity by eliminating traditional market maker costs and abandonment issues through automated bonding curve mechanisms, enabling instant global access to previously untradable securities while maintaining full regulatory compliance through its proprietary "Howey Shield" framework.",
"industry": {
"sector": " Prepackaged Software",
"sicCode": " 7372 "
},
"employeeCount": "5-15",
"foundedYear": "2018"
}
}
Preferred Series M Share Backing
json
{
"backing": {
"shareClass": "Series M Preferred Stock",
"shareCount": 1000000000,
"parValue": 0.0001,
"backingRatio": "1:1",
"backingType": "Physical Shares in Custody",
"custodian": {
"name": "Empire Stock Transfer",
"address": "1859 Whitney Mesa Drive, Henderson, NV 89014",
"phone": "702-818-5898",
"email": "info@empirestock.com",
"secRegistration": "84-01534",
"dtcEligible": false
},
"depositDetails": {
"depositStatus": "Permanently Locked",
"depositDate": "[ISO 8601 DateTime]",
"depositConfirmationNumber": "[Empire Confirmation #]",
"depositTransactionHash": "[Solana TX Hash]",
"irrevocableStatus": true,
"withdrawalAllowed": false
},
"conversion": {
"convertible": false,
"conversionTriggers": [
"Company bankruptcy filing",
"SEC enforcement action",
"Criminal proceedings against company",
"Loss of transfer agent custody",
"Voluntary token holder redemption"
],
"conversionRestrictions": {
"rule144Applicable": false,
}
},
"oracleVerification": {
"enabled": true,
"oracleProvider": "Empire Stock Transfer Oracle",
"verificationFrequency": "Real-time continuous",
"lastVerification": "[ISO 8601 DateTime]",
"verificationMethod": "Cryptographic proof of custody",
"oracleAddress": "[Solana Oracle Account Address]"
}
}
}
Certificate of Designation (Wyoming) - Example: Groovy Company
json
{
"certificateOfDesignation": {
"filingState": "Wyoming",
"filingType": "Certificate of Designation - Series M Preferred Stock",
"filingDate": "2024-11-15",
"filingNumber": "2024-001234567",
"effectiveDate": "2024-11-15",
"documentHash": "a3f5c9d8e7b6a5f4c3d2e1f0a9b8c7d6e5f4a3b2c1d0e9f8a7b6c5d4e3f2a1b0",
"documentUrl": "
wyobiz.wyo.gov/Business/Fili…",
"boardResolution": {
"adoptionDate": "2024-11-10",
"voteType": "Unanimous Written Consent",
"resolutionNumber": "2024-11-10-001"
},
"stateCertification": {
"certifiedBy": "Wyoming Secretary of State",
"certificationNumber": "WY-CERT-2024-567890",
"certificationDate": "2024-11-15",
"fileStampReceived": true
},
"legalOpinion": {
"provided": true,
"lawFirm": "JDT Legal, PLLC",
"attorney": "Jeff Turner",
"barNumber": "UT-12345",
"opinionDate": "2024-11-12",
"opinionHash": "b7e9f2a4c6d8e1f3a5b7c9d1e3f5a7b9c1d3e5f7a9b1c3d5e7f9a1b3c5d7e9f1"
}
}
}
Regulatory & Compliance
json
{
"regulatory": {
"tokenClassification": "Security Meme Token",
"classificationBasis": "Community, Entertainment and Collectible purpose",
"securitiesLawAnalysis": {
"howeyTestApplied": true,
"investmentOfMoney": "No expectation of profit from others",
"commonEnterprise": "No pooled investment structure",
"expectationOfProfit": "Explicitly disclaimed",
"effortsOfOthers": "No reliance on protocol efforts",
"conclusion": "Does not constitute a security"
},
"compliance": {
"kycRequired": true,
"kycProvider": "Comply Advantage / Chainalysis KYT",
"kycLevel": "Tiered based on transaction volume",
"amlCompliant": true,
"amlProgram": "OTCM Protocol AML/CFT Program",
"ofacScreening": true,
"sanctionsCompliance": true
},
"restrictions": {
"geographicRestrictions": [
"Prohibited: North Korea, Iran, Syria, Cuba, Crimea",
"Sanctions: OFAC SDN List applicable"
],
"accreditationRequired": false,
"investorLimitations": "None (non-security)",
"transferRestrictions": "Platform trading only (not redeemable by company)",
"rule144Applicable": true,
"rule144AppliesTo": "Converted common stock only"
},
"disclosures": {
"riskDisclosuresProvided": true,
"nonSecurityDisclaimer": true,
"noExpectationOfProfit": true,
"entertainmentPurpose": true,
"volatilityWarning": true,
"lossOfCapitalRisk": true
},
"reportingObligations": {
"secReporting": false,
"otcMarketsReporting": "Via OTC Markets Alternative Reporting Standard",
"quarterlyDisclosures": true,
"annualDisclosures": true,
"eventDisclosures": "Material events within 4 business days"
}
}
}
Trading & Market Data - Example: GROO
json
{
"trading": {
"launchMechanism": {
"type": "Bonding Curve",
"formula": "Price = BasePrice × (1 TokensSold / TotalSupply)^2",
"basePrice": 0.00001,
"graduationThreshold": 50000,
"graduationThresholdCurrency": "USDC"
},
"currentPhase": {
"phase": "Bonding Curve",
"phaseStartDate": "2024-11-20T14:30:00Z",
"phaseDuration": "Until $75,000 liquidity reached"
},
"graduationDetails": {
"graduated": false,
"graduationDate": null,
"dexVenue": "Raydium",
"liquidityPoolAddress": null,
"initialLiquidityUSDC": null,
"initialLiquidityTokens": null
},
"pricing": {
"currentPrice": 0.000025,
"priceChange24h": " 15.3%",
"priceChange7d": " 42.7%",
"allTimeHigh": 0.000028,
"allTimeLow": 0.00001
},
"volume": {
"volume24h": 12500,
"volume7d": 68300,
"volume30d": null,
"volumeAllTime": 68300,
"transactionCount24h": 847,
"uniqueTraders24h": 234
},
"liquidity": {
"totalLiquidityUSDC": 15750,
"totalLiquidityTokens": 315000000,
"liquidityLockedPermanently": true,
"liquidityLockExpiration": null
},
"marketCap": {
"fullyDiluted": 25000,
"circulating": 17500,
"circulatingSupply": 700000000
}
}
}
Company Token Purchase & Vesting - Example: Groovy Company
json
{
"companyPurchase": {
"purchaseRequirement": {
"minimumPercent": 40,
"maximumPercent": 60,
"actualPercent": 50,
"tokensPurchased": 500000000
},
"paymentDetails": {
"paymentCurrency": "USDC",
"totalPaymentAmount": 5000,
"paymentDate": "2024-11-20T14:30:00Z",
"paymentTransactionHash": "3rK8mN9pQ2vX5wY7zA1bC4dE6fG8hJ0kL2mN4oP6qR8sT0uV2wX4yZ6aB8cD0eF2",
"preFunded": true,
"executionMethod": "Automatic smart contract execution"
},
"vestingSchedule": {
"totalVestingPeriod": "12 months post-graduation",
"vestingStructure": "20-30-20-30",
"tranches": [
{
"tranche": 1,
"percentage": 20,
"tokensUnlocked": 100000000,
"unlockTrigger": "Immediate at minting",
"unlockDate": "2024-11-20T14:30:00Z",
"status": "Unlocked"
},
{
"tranche": 2,
"percentage": 30,
"tokensUnlocked": 150000000,
"unlockTrigger": "Raydium graduation",
"unlockDate": null,
"status": "Locked"
},
{
"tranche": 3,
"percentage": 20,
"tokensUnlocked": 100000000,
"unlockTrigger": "6 months post-graduation",
"unlockDate": null,
"status": "Locked"
},
{
"tranche": 4,
"percentage": 30,
"tokensUnlocked": 150000000,
"unlockTrigger": "12 months post-graduation",
"unlockDate": null,
"status": "Locked"
}
]
},
"restrictions": {
"cannotRedeemForShares": true,
"subjectToSmartContractRestrictions": true,
"transferable": "Only after vesting unlock",
"votingRights": "None (Series M has no voting rights)"
}
}
}
Multi-Signature Governance (3 Parties)
json
{
"multiSigGovernance": {
"programDerivedAddress": "otcmMS1g2v3o4u5r6n7a8n9c0e1PDA2345678ABCDEFGH",
"threshold": "2-of-3",
"requiredForCreation": "3-of-3",
"signatories": [
{
"party": "OTCM Protocol, Inc.",
"role": "Protocol Authority & Platform Operator",
"publicKey": "OTCM1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7",
"authorizedSigner": "Frank Yglesias, Chief Technology Officer",
"responsibilities": [
"Smart contract deployment",
"Platform operations",
"Trading infrastructure maintenance",
"Protocol upgrades",
"Security monitoring",
"Fee structure management"
],
"votingWeight": 1
},
{
"party": "Empire Stock Transfer",
"role": "Custodian & Transfer Agent",
"publicKey": "EMPR1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7",
"authorizedSigner": "Patrick Mokros, President",
"responsibilities": [
"Physical share custody",
"1:1 backing verification",
"Oracle data provision",
"Redemption processing",
"Shareholder record maintenance",
"Regulatory compliance (transfer agent)"
],
"votingWeight": 1
},
{
"party": "Groovy Company, Inc.",
"role": "Share Issuer & Token Sponsor",
"publicKey": "GROO1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7",
"authorizedSigner": "Berge Abajian, Chief Executive Officer",
"responsibilities": [
"Series M share creation",
"Wyoming state filing",
"Company disclosure accuracy",
"Ongoing financial reporting",
"Corporate governance"
],
"votingWeight": 1
}
],
"decisionMatrix": {
"tokenCreation": {
"requiredSignatures": 3,
"description": "All 3 parties must approve before minting"
},
"emergencyPause": {
"requiredSignatures": 2,
"description": "Any 2 of 3 can pause trading in emergency"
},
"protocolUpgrade": {
"requiredSignatures": 3,
"description": "All 3 must approve smart contract upgrades"
},
"feeChanges": {
"requiredSignatures": 3,
"description": "All 3 must approve fee structure modifications"
},
"conversionTrigger": {
"requiredSignatures": 2,
"description": "Any 2 of 3 can trigger Series M to common conversion"
},
"metadataUpdate": {
"requiredSignatures": 2,
"description": "Any 2 of 3 can update non-critical metadata"
}
},
"authorityRenouncement": {
"mintAuthority": {
"renounced": true,
"renouncedDate": "2024-11-20T14:35:00Z",
"renouncedAtBlock": 285647123,
"renouncedTxHash": "5mN7oP9qR1sT3uV5wX7yZ9aB1cD3eF5gH7iJ9kL1mN3oP5qR7sT9uV1wX3yZ5aB7"
},
"freezeAuthority": {
"renounced": true,
"renouncedDate": "2024-11-20T14:35:00Z",
"renouncedAtBlock": 285647123,
"renouncedTxHash": "7cD9eF1gH3iJ5kL7mN9oP1qR3sT5uV7wX9yZ1aB3cD5eF7gH9iJ1kL3mN5oP7qR9"
}
}
}
}
Wyoming SMT Registration Signatures - Example: Groovy Company
json
{
"wyomingRegistration": {
"registrationType": "Series M Preferred Stock Certificate of Designation",
"filingRequirements": {
"state": "Wyoming",
"filingMethod": "Online via
wyobiz.wyo.gov/",
"filingFee": 100,
"expediteFee": 50,
"standardProcessingTime": "5-7 business days",
"expeditedProcessingTime": "2 business days"
},
"requiredSignatures": [
{
"signatureNumber": 1,
"party": "Groovy Company, Inc.",
"signerName": "Jennifer Thompson",
"signerTitle": "Chief Executive Officer",
"signerCapacity": "Authorized Corporate Officer",
"signatureType": "Electronic (Wyoming accepts)",
"notarizationRequired": false,
"corporateSeal": {
"required": false,
"affixed": false
},
"signatureDate": "2024-11-10",
"solanaPublicKey": "GROO1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7",
"solanaSignature": "sig1ABC123DEF456GHI789JKL012MNO345PQR678STU901VWX234YZA567BCD890EFG123HIJ456KLM789NOP012QRS345TUV678WXY901ZAB234CDE567FGH890IJK",
"messageHash": "hash1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7a8b9c0d1e2",
"timestamp": 1699632000
},
{
"signatureNumber": 2,
"party": "Empire Stock Transfer",
"signerName": "Robert Martinez",
"signerTitle": "Senior Vice President",
"signerCapacity": "Custodian Verification",
"signatureType": "Electronic",
"signatureDate": "2024-11-12",
"solanaPublicKey": "EMPR1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7",
"solanaSignature": "sig2DEF456GHI789JKL012MNO345PQR678STU901VWX234YZA567BCD890EFG123HIJ456KLM789NOP012QRS345TUV678WXY901ZAB234CDE567FGH890IJK123LMN",
"messageHash": "hash3f4g5h6i7j8k9l0m1n2o3p4q5r6s7t8u9v0w1x2y3z4a5b6c7d8e9f0g1h2i3j4",
"timestamp": 1699805400,
"custodyConfirmation": {
"confirmationNumber": "EMP-GROO-2024-001234",
"shareCount": 1000000000,
"shareClass": "Series M Preferred",
"depositDate": "2024-11-11",
"permanentLock": true
}
},
{
"signatureNumber": 3,
"party": "OTCM Protocol, Inc.",
"signerName": "Marcus Chen",
"signerTitle": "Chief Executive Officer",
"signerCapacity": "Protocol Verification & Smart Contract Deployment",
"signatureType": "Electronic",
"signatureDate": "2024-11-15",
"solanaPublicKey": "OTCM1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7",
"solanaSignature": "sig3GHI789JKL012MNO345PQR678STU901VWX234YZA567BCD890EFG123HIJ456KLM789NOP012QRS345TUV678WXY901ZAB234CDE567FGH890IJK123LMN456OPQ",
"messageHash": "hash5k6l7m8n9o0p1q2r3s4t5u6v7w8x9y0z1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6",
"timestamp": 1700065200,
"protocolVerification": {
"smartContractDeployed": true,
"auditCompleted": true,
"securityVerified": true,
"mintAddressGenerated": "OTCMxyz123abc456def789ghGROO"
}
}
],
"multiSigVerification": {
"allSignaturesRequired": true,
"signatureOrderMandatory": false,
"verificationMethod": "On-chain cryptographic verification",
"verificationContract": "otcmVERIFY1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2",
"verificationStatus": "Complete",
"completionDate": "2024-11-15T18:30:00Z",
"blockchainProof": "9sT1uV3wX5yZ7aB9cD1eF3gH5iJ7kL9mN1oP3qR5sT7uV9wX1yZ3aB5cD7eF9gH1"
},
"supportingDocuments": [
{
"documentType": "Board Resolution",
"description": "Unanimous written consent authorizing Series M",
"dateExecuted": "2024-11-10",
"documentHash": "doc1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7a8b9c0",
"certifiedCopy": true
},
{
"documentType": "Articles of Incorporation",
"description": "Showing authorization for preferred shares",
"dateExecuted": "2020-03-15",
"documentHash": "doc2c3d4e5f6g7h8i9j0k1l2m3n4o5p6q7r8s9t0u1v2w3x4y5z6a7b8c9d0e1",
"certifiedCopy": true
},
{
"documentType": "Certificate of Good Standing",
"description": "Current Wyoming certificate",
"issueDate": "2024-11-05",
"expirationDate": "2025-11-05",
"documentHash": "doc3e4f5g6h7i8j9k0l1m2n3o4p5q6r7s8t9u0v1w2x3y4z5a6b7c8d9e0f1g2"
},
{
"documentType": "Legal Opinion",
"description": "Attorney opinion on valid issuance",
"lawFirm": "JDT Legal, PLLC",
"attorney": "Jeff Turner",
"opinionDate": "2024-11-12",
"documentHash": "doc4g5h6i7j8k9l0m1n2o3p4q5r6s7t8u9v0w1x2y3z4a5b6c7d8e9f0g1h2i3"
},
{
"documentType": "Secretary's Certificate",
"description": "Authenticating all corporate actions",
"secretary": "Michael Roberts",
"certificationDate": "2024-11-13",
"documentHash": "doc5i6j7k8l9m0n1o2p3q4r5s6t7u8v9w0x1y2z3a4b5c6d7e8f9g0h1i2j3k4"
},
{
"documentType": "Tripartite Agreement",
"description": "Among Issuer, OTCM Protocol, and Empire",
"executionDate": "2024-11-14",
"documentHash": "doc6k7l8m9n0o1p2q3r4s5t6u7v8w9x0y1z2a3b4c5d6e7f8g9h0i1j2k3l4m5",
"parties": [
"Groovy Company, Inc.",
"OTCM Protocol, Inc.",
"Empire Stock Transfer"
]
}
],
"filingConfirmation": {
"filingNumber": "2024-001234567",
"filingDate": "2024-11-15",
"effectiveDate": "2024-11-15",
"confirmationMethod": "Electronic file-stamp",
"verificationURL": "
wyobiz.wyo.gov/Business/Fili…",
"stateRecordHash": "state1m2n3o4p5q6r7s8t9u0v1w2x3y4z5a6b7c8d9e0f1g2h3i4j5k6l7m8n9o0"
}
}
}
Smart Contract Security & Audit
json
{
"security": {
"auditStatus": {
"completed": true,
"auditFirms": [
{
"firmName": "CertiK",
"auditDate": "2024-11-01",
"auditReportHash": "audit1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7",
"findingsSeverity": {
"critical": 0,
"high": 0,
"medium": 2,
"low": 5,
"informational": 8
},
"allResolved": true
},
{
"firmName": "Trail of Bits",
"auditDate": "2024-11-05",
"auditReportHash": "audit2c3d4e5f6g7h8i9j0k1l2m3n4o5p6q7r8s9t0u1v2w3x4y5z6a7b8c9",
"findingsSeverity": {
"critical": 0,
"high": 0,
"medium": 1,
"low": 3,
"informational": 6
},
"allResolved": true
},
{
"firmName": "Quantstamp",
"auditDate": "2024-11-08",
"auditReportHash": "audit3e4f5g6h7i8j9k0l1m2n3o4p5q6r7s8t9u0v1w2x3y4z5a6b7c8d9e0",
"findingsSeverity": {
"critical": 0,
"high": 0,
"medium": 3,
"low": 4,
"informational": 7
},
"allResolved": true
}
]
},
"formalVerification": {
"method": "SMT Solvers",
"verified": true,
"verificationDate": "2024-11-10",
"propertiesVerified": [
"Token supply immutability",
"Transfer correctness",
"Fee calculation accuracy",
"Multi-sig authorization logic",
"Vesting schedule enforcement",
"No integer overflow/underflow"
]
},
"bugBounty": {
"active": true,
"maxReward": 10000000,
"currency": "USDC",
"platform": "Immunefi",
"scope": "All smart contract code",
"eligibleVulnerabilities": [
"Critical security vulnerabilities",
"Fund loss scenarios",
"Authorization bypasses",
"Logical errors affecting token integrity"
]
},
"securityFeatures": {
"timelock": {
"enabled": true,
"delay": "48 hours",
"appliesTo": "Parameter changes, upgrades"
},
"pauseMechanism": {
"enabled": true,
"authorization": "2-of-3 multi-sig",
"scope": "Trading can be paused in emergency"
},
"upgradeability": {
"upgradeable": false,
"immutable": true,
"reason": "Maximum security and trust"
},
"reentrancyProtection": true,
"integerOverflowProtection": true,
"accessControlList": true
}
}
}
Emergency Controls & Conversion Triggers
json
{
"emergencyControls": {
"pauseMechanism": {
"enabled": true,
"authorization": "2-of-3 multi-sig",
"authorizedParties": [
"OTCM Protocol, Inc.",
"Empire Stock Transfer",
"Issuer Company"
],
"pauseReasons": [
"Critical security vulnerability discovered",
"Regulatory enforcement action",
"Custodial issue at Empire Stock Transfer",
"Company bankruptcy filing",
"Smart contract exploit detected",
"Oracle failure or manipulation"
],
"pauseDuration": "Until 2-of-3 approve unpause",
"traderProtections": "All funds remain safe during pause"
},
"conversionTrigger": {
"enabled": true,
"authorization": "2-of-3 multi-sig",
"authorizedParties": [
"OTCM Protocol, Inc.",
"Empire Stock Transfer",
"Issuer Company"
],
"conversionEvents": [
{
"event": "Company Bankruptcy",
"trigger": "Automatic upon Chapter 7/11 filing",
"action": "Convert all Series M to common stock",
"rule144Applies": true
},
{
"event": "SEC Enforcement Action",
"trigger": "Material SEC action against company",
"action": "Convert all Series M to common stock",
"rule144Applies": true
},
{
"event": "Criminal Proceedings",
"trigger": "Criminal charges against company or officers",
"action": "Convert all Series M to common stock",
"rule144Applies": true
},
{
"event": "Transfer Agent Custody Loss",
"trigger": "Empire loses custody or authorization",
"action": "Emergency transfer to backup custodian or convert",
"rule144Applies": true
},
{
"event": "Voluntary Token Holder Redemption",
"trigger": "Token holder requests share redemption",
"action": "Burn tokens, issue common shares",
"rule144Applies": true,
"minimumRedemption": "Subject to minimums and fees"
}
]
}
}
}
Technical Implementation Specifications
json
{
"technicalSpecs": {
"blockchain": "Solana",
"network": "Mainnet-Beta",
"consensus": "Proof of History Tower BFT",
"tokenProgram": "Token-2022 (Token Extensions Program)",
"tokenProgramId": "TokenzQdBNbLqP5VEhdkAS6EPFLC1PHnBqCXEpPxuEb",
"metadataProgram": "Metaplex Token Metadata",
"metadataProgramId": "metaqbxxUerdq28cj1RbAWkYQm3ybzjb6a8bt518x1s",
"extensions": [
"Transfer Fee",
"Metadata Pointer",
"Permanent Delegate (for emergency controls)",
"Transfer Hook (for compliance checks)"
],
"accounts": {
"mintAccount": "OTCM[...][TICKER]",
"metadataAccount": "[PDA derived from mint]",
"multisigAccount": "[PDA for 2-of-3 governance]",
"vestingVault": "[PDA for company locked tokens]",
"feeVault": "[PDA for collected fees]"
},
"instructions": {
"initialize": "Create token mint with metadata",
"mintTokens": "One-time mint of 1B tokens (authority then revoked)",
"transfer": "Transfer tokens with fee collection",
"transferChecked": "Transfer with amount and decimals validation",
"burn": "Burn tokens for redemption",
"pause": "Emergency pause trading",
"unpause": "Resume trading after pause",
"triggerConversion": "Initiate Series M to common conversion",
"updateMetadata": "Update mutable metadata fields"
},
"pdas": [
{
"name": "Multi-sig Authority",
"seeds": ["otcm-multisig", "mint_address"],
"purpose": "Governance decisions",
"example": "otcmMS1g2v3o4u5r6n7a8n9c0e1PDA2345678ABCDEFGH"
},
{
"name": "Vesting Vault",
"seeds": ["otcm-vesting", "mint_address", "company_pubkey"],
"purpose": "Lock company tokens during vesting",
"example": "otcmVEST1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9"
},
{
"name": "Fee Vault",
"seeds": ["otcm-fees", "mint_address"],
"purpose": "Collect and distribute trading fees",
"example": "otcmFEE1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0"
},
{
"name": "Oracle Account",
"seeds": ["otcm-oracle", "mint_address"],
"purpose": "Store Empire custody verification data",
"example": "otcmORCL1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s"
}
]
}
}
Immutability & Permanence Guarantees
json
{
"immutability": {
"supply": {
"fixedAt": 1000000000,
"cannotIncrease": "Mint authority permanently revoked",
"cannotDecrease": "Except via burn for redemption",
"proof": "5mN7oP9qR1sT3uV5wX7yZ9aB1cD3eF5gH7iJ9kL1mN3oP5qR7sT9uV1wX3yZ5aB7"
},
"immunities": {
"immuneToStockSplits": true,
"immuneToReverseStockSplits": true,
"immuneToStockDividends": true,
"immuneToRedemption": "Company cannot redeem",
"immuneToCancellation": true,
"contractEnforced": "Codified in Series M certificate"
},
"rights": {
"noVotingRights": true,
"noDividendRights": true,
"noLiquidationPreference": true,
"noParticipationRights": true,
"transferRightOnly": "Platform trading only"
},
"smartContract": {
"immutable": true,
"cannotUpgrade": true,
"codeHash": "contract1a2b3c4d5e6f7g8h9i0j1k2l3m4n5o6p7q8r9s0t1u2v3w4x5y6z7",
"verificationLink": "
solscan.io/token/OTCMxyz123a…"
}
}
}
Complete Parameter Summary
json
{
"summary": {
"company": "Groovy Company, Inc.",
"mintAddress": "OTCMxyz123abc456def789ghGROO",
"tokenName": "Groovy Company, Inc.",
"tokenSymbol": "GROO",
"supply": 1000000000,
"decimals": 9,
"tradingFee": "5%",
"backing": "1:1 Series M Preferred Stock",
"custodian": "Empire Stock Transfer",
"governance": "2-of-3 Multi-sig (OTCM Protocol, Empire, Groovy Company)",
"filingState": "Wyoming",
"filingNumber": "2024-001234567",
"securityClassification": "Non-Security",
"blockchain": "Solana",
"standard": "SPL Token-2022",
"immutable": true,
"audited": "3 independent security firms (CertiK, Trail of Bits, Quantstamp)"
}
}