MARGIN CALL
October 19, 1987. The worst day in market history.
1,987 clerks never left the office.
The clock is loading — it arms when the last clerk is minted.
// The Rule
There is one pot and one clock. A floor buy of any clerk resets the clock to 29:59 and makes the buyer the Position. If the clock reaches 0:00 — the Position takes 90% of the pot. Then it all begins again.
One clock for the whole collection. Every qualifying buy resets it.
Royalty on every trade. Half feeds the pot — on-chain, inside the sale itself.
Winner's cut. The other 10% seeds the next round, so the table is never empty.
// How a Round Dies
- Dormant. A round begins with no Position and a dark clock. The pot carries the seed and grows with every trade's royalty.
- Armed. The first floor buy wakes the clock: 29:59. Every next floor buy resets it and steals the Position.
- Liquidation. Thirty minutes of silence — and the Position is paid 90% of the pot, automatically. The moment of death is on-chain time: a late payout can never change the winner.
// The Clerks · 1,987
The Eight
Eight of the 1,987 are not clerks at all. One of them is the day itself.
// FAQ — the exact numbers
What counts as a buy?
A sale of any MARGIN CALL token on OpenSea at a price of at least 90% of the 15-minute median floor (the floor is sampled every 60 seconds; the bar is the median of the last 15 samples). Plain transfers never count. Other marketplaces never count. A sweep of several tokens in one transaction is one reset, and the buyer takes the Position.
When does the game start?
At the Opening Bell — the moment the 1,987th clerk is minted. Trading before sellout already feeds the pot with royalties, so Round 1 may begin with money on the table. The clock stays dark until the first floor buy after the Bell.
Where does the pot come from?
Creator earnings are set to 10% and split at the protocol level: 5% to the pot wallet, 5% to the team — paid inside every sale transaction, on-chain. The pot wallet is public; watch it fill in real time.
Who decides the winner and who pays?
The moment a round dies is pure on-chain arithmetic: last qualifying buy + 30:00. The referee bot only executes the payout — 90% to the Position, 10% held as the next round's seed (plus a small gas reserve). Every floor sample and every reset decision is logged and published, so anyone can re-check any round against the tape. A late payout cannot change the winner.
Can I reset the clock by selling to myself?
Yes. It will cost you the 10% royalty every time, half of which lands in the pot you are fighting for. The house thanks you for your service.
Is this an investment?
No. It is a game with a clock. Nothing here is financial advice and nobody promises you profit. The pot is whatever the tape made it — and the tape owes you nothing.