For some weeks, a collective effort to utilize signals codes sent via a decentralized network was born. Signals V1 have been live on the Etheruem mainnet for almost 20 days. The contract claims no custody of any tokens, but controls the transfer of 6 signal images that were minted on deployment. The URI of each ERC721 are an SVG image, permanently stored on the blockchain. Each image or flag, carries it’s own signal code, receivers of these signals are have been voted upon via commons. Signal Receivers may do as they wish, as the signals NFT images carry no worth. However, onlookers are further equipped to conduct prudent due diligence, free.
1 Bravo: Signals this protocol or wallet is taking in, discharging, or carrying dangerous goods.
2 Kilo: Desire to communicate with this protocol/address over issues of significance to the flotilla, read reason in transaction.
3 Lima: You should stop immediately! Read the reason for classification, if sensitive, reach out in private.
4 Charlie: Signals the affirmative: a history of good standing has been voted by the commons.
5 Black Spot: Distaste among the commons. A sign of fiction for a curse or impending death.
6 Affluence: Romeo flag usually accompanies a number. A flag that can be bought for an amount of ETH higher than the previous buyer. Grants signal rights at risk of never being refunded.
Each signal code NFT is worthless.
A sufficiently decentralized network of NFT collections, holders have voting rights and subsequent signal rights in the signal contract. Holders of collections can vote, or signal, a particular signal code that should be transferred to a new owner. If the votes for the same transfer outweigh those before it, the NFT flag will be transferred to a new entity.
Collection details: Slots are awarded based on merit and motif, chiefly meeting the requirement of being sufficiently decentralized. One slot is permanent, the rest are changeable.
Permanent: The Kings Shilling.
slot reserved
slot reserved
slot reserved
slot reserved
Approved collections and kings shilling holders can signal or nominate. A guide for using Etherscan to signal is outlined here. Etherscan familiarity is initially essential to signal, until community efforts for a dapp emerge.
The signal contract is contingent on a strong community of individuals with a good understanding in the importance of prudential fore-site. Community dapps, chatroom’s, forums or talks are encouraged and should be self initialized. The community also discuss the selection of the next addition to the collection
Our spy glass has not sat idle, rather, scouring EVM’s for the next viable host. Expect announcements to occur on the hornigold.lens handle first before they appear hear. We have also been monitoring the FTX situation and the resulting contagion as it plays out, and have heard numerous calls for a decentralized and fair solution for free due diligence! With signals v1, this solution is now free for anyone on the blockchain to consume. Next, we plan to build a decentralized source of truth serving to inform on the prudence and procedures of each protocol, including valuable due diligence intelligence.
Your’s aye,
Capt. H.