JPGOLD (supply 1000) is the first scarce 1/N token on Counterparty, as in having the supply locked at a reasonably low number of indivisible tokens. The supply was set on June 11, 2014. Many NFTs since, including Spells of Genesis and Rare Pepe, have used this economic model.

JPJA (supply 100) is likely the first 1/N NFT. On June 28, 2014 the token description pointed to an eBook at jpja.net. Tokens were offered at a symbolic price and token holders received a distribution from the book's revenues. Although a small-scale experiment, it proved how the peer-to-peer economy would level the playing field. Anyone could now raise funding for their project with crypto tokens just like companies do with shares on the stock market.

JPBULL and JPBEAR (7 divisible tokens each) are possibly the first tokenized Bitcoin derivatives. Representing call and put options respectively, the bear contract expired in-the-money and a distribution was paid accordingly. A pdf describing the experiment was notarized on-chain in October 2014. Thus, it is forever possible to verify all details. JPBULL and JPBEAR are ultra scarce at only 7 divisible tokens each.

CPNEWS (200 divisible tokens) is the last of JP's 2014 experiments. Contributors to a Counterparty News site would receive monthly reward tokens in exchange for future revenues. Unfortunately, there was no interest in the project and it was discontinued without distributing more than a few tokens.

For further details, see jpja.net

This Lot Includes:

JPGOLD x 20

• 1000 Supply

JPJA x 1

• 100 Supply

JPBULL x 1

• 7 Supply

JPBEAR x 1

• 7 Supply

CPNEWS x 20

• 200 Supply

NO RESERVE

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