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CENT

A Physically-Collateralized Digital Coin Experiment (Yes, Really)
Whitepaper
Physical pennies in vault

Abstract

CENT is a digital token experiment exploring whether the physical grounding of traditional money can be reimagined through crypto. Each CENT token is intended, on a best-efforts basis, to correspond to one physical United States penny held in a monitored vault. CENT is not a regulated stablecoin, does not guarantee redemption, and is not designed for payments. Instead, it serves as a transparency-first, community-driven experiment in bridging the physical and digital worlds through the lowest-denomination U.S. currency.

CENT combines memetic energy with verifiable physical infrastructure, creating something unusual in crypto: a token whose backing is visible, countable, and intentionally humble.

1. Introduction

Stablecoins today are backed by opaque bank accounts, treasury bills, algorithms, optimism, or in rare cases—nothing at all. CENT proposes something simpler and more tangible: pennies.

Why pennies?

CENT aims to match the supply of CENT tokens with physical pennies stored in a secure facility. This matching is an aspiration, not a guarantee. There is no contractual promise of convertibility, parity, or redemption. CENT is not a method of payment, not a stablecoin in the regulated sense, and not financial advice. It is a transparency experiment and a community project, backed by a livestream pointed at thousands of real pennies.

Legal Reality Check (Important)

Put simply: CENT uses pennies. It tries to track pennies. It livestreams pennies. But it makes no legally binding promises about pennies.

2. Technical Overview

2.1 Blockchain Platform

CENT is implemented on the Solana blockchain, chosen for:

2.2 Token Implementation

CENT is an SPL token to allow:

2.3 Smart Contract Architecture

CENT's smart contracts will:

All smart contract code will be open-source and independently auditable.

3. Physical Infrastructure ("The Penny Standard")

While most digital assets rely on spreadsheets and trust, CENT maintains a real, physical supply chain.

3.1 Vault System

3.2 Penny Intake & Management

A single penny may not be worth much, but thousands of them demand real infrastructure.

4. Transparency Framework

CENT is built around radical transparency—because transparency makes the meme stronger.

4.1 Live Monitoring

4.2 Public Attestations

CENT will publish:

Everything except the taste of the pennies is disclosed.

5. Operational Procedures

5.1 Minting Process

  1. User initiates a mint request via the CENT interface
  2. User receives instructions for delivering pennies
  3. User physically delivers pennies to the vault
  4. Staff verify and count the pennies
  5. Equivalent CENT tokens are minted on-chain
  6. Tokens are sent to the user's wallet
  7. A tasteful meme or celebratory GIF may be posted (optional but encouraged)

5.2 Redemption Process

  1. User initiates a redemption request
  2. Equivalent amount of CENT is burned
  3. Physical pennies are retrieved from the vault
  4. User receives pennies in person
  5. Transaction is logged publicly
  6. A redemption selfie may be taken (optional but recommended)

6. Risk Management

CENT incorporates both technical and physical safeguards.

6.1 Security Architecture

6.2 Identified Risks

CENT acknowledges inherent risks, including:

Risks will be communicated transparently.

7. Legal & Compliance

CENT is not:

Primary purchasers will undergo KYC to comply with applicable laws. CENT will adapt to changing regulatory landscapes while maintaining its experimental status.

8. Economic Model

8.1 Fees

CENT may charge modest operational fees to cover:

8.2 Theoretical Over-Collateralization

Because pennies contain physical metal, CENT's collateral may (theoretically, incidentally) exceed face value.

CENT makes no claim of capturing or passing through melt value; it is noted only for completeness and for the enjoyment of metal-value enthusiasts.

9. Community Wishlist

These are not commitments—just things that would be delightful:

Open-source contributors are welcome.

10. Are They Actually Doing This? (FAQ)

Q: Is CENT a joke?
A: Not exactly. CENT runs on real infrastructure, real code, and real pennies.
Q: Are the pennies real?
A: Yes. You can watch them live, 24/7.
Q: Why pennies?
A: Because they are physical, abundant, amusing, and symbolize the gap between monetary systems and reality.
Q: Can I redeem CENT for pennies?
A: Maybe. On a best-efforts basis. No guarantees. No legal rights. No promises.
Q: Why does this exist?
A: Because bridging physical and digital value should be fun, transparent, and slightly unhinged.

11. Conclusion

CENT is an experiment at the intersection of physical reality, digital assets, and community-driven transparency. By anchoring a token to a humble U.S. penny—and allowing the world to watch that backing at all times—CENT challenges assumptions about what money is, how value is represented, and how memes can inspire serious systems.

It is both a playful commentary on modern finance and a fully operational project. Whether CENT becomes a footnote, a movement, or a museum exhibit remains to be seen.

Contact

contact@fortcent.com
For inquiries, collabs, or penny donations.

Legal Disclaimer

This whitepaper is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any tokens. No statements herein should be interpreted as a promise of redemption, profit, return, or stability. CENT is not intended as a payment instrument or financial product. Any token sale, if conducted, will rely solely on definitive offering documents.

By holding or interacting with CENT, you acknowledge that CENT may or may not track the value of one U.S. penny, and that any physical pennies associated with the project remain under the custody and discretion of the project operators. Please check your couch cushions responsibly.