Smart Pacts

FAQ & safety

(Testnet06 — real mechanics, test value. Nothing on this network has monetary value, and test KDA has no price.)

Safety rules — the short list

  1. Your secret key is the account. No recovery, no support ticket. Store it offline; never paste it into anything but the signing surface you chose.
  2. Read the amount before you sign. Every Gallery signature authorizes an exact amount to an exact account. If a site or tool asks for an open-ended signature, walk away.
  3. Never send KDA to the escrow account directly. It’s published for verification only. Funds sent there outside a purchase are permanently locked — nobody, including Smart Pacts, can retrieve them. That’s not a bug: an escrow nobody can sweep is what makes settlement trustworthy.
  4. Check the contract you’re talking to. The Gallery is n_d97ffd2ca290429b5dc85ce551a8d07d038e9641.smartpacts-gallery — same hash on all 20 chains. A lookalike site can’t fake that; verify once, bookmark the real thing.
  5. Permanent means permanent. Royalty, sale-only, creator account, artwork URI, and the token id are fixed at mint. The marketplace cannot undo them for you.

FAQ

Is this real money? No. Testnet06 is a public test network; KDA there comes free from the faucet. The contracts and mechanics are the real thing — the value is not.

What exactly do I own after buying? The on-chain token: a permanent, publicly verifiable record that your account owns id X, with its royalty terms and its URI. The artwork itself lives wherever the URI points (which is why content-addressed links like IPFS are recommended).

Can Smart Pacts take my token, change my royalty, or raise fees on my listing? No, no, and no. There is no admin path to move or burn a token, royalties are immutable at mint, and your listing keeps the fee rate it snapshotted. The only admin lever over economics is the platform fee for future listings, hard-capped at 5% forever.

What can the admin actually do? Upgrade the module (standard Kadena governance, used for fixes/features — every upgrade is publicly visible as a hash change and must preserve tables) and set the future-listing fee within 0–5%. That’s the whole surface.

Why did my purchase fail? Usually one of: the seller delisted or re-priced (your exact-amount signature no longer matches — this protects you), someone else bought it first, or your KDA is on a different chain than the token.

Can I buy several tokens in one transaction? No — one purchase per transaction, by design (it keeps settlement atomic and simple to verify).

Someone sent dust to the escrow / the escrow balance isn’t zero. Is that a problem? No. Settlement math is anchored to the escrow’s baseline balance; donated dust sits there inert and unspendable, and every sale still conserves exactly.

Can a wash trade fake volume? Selling to yourself is possible (it’s a public blockchain) — but it pays full royalty and full platform fee every time, which makes it an expensive way to lie.

What happens to all this at mainnet? Testnet06 is a lifecycle stage: contracts and mechanics are proven here in public. Anything beyond the test network (including any real-value deployment) is a separate, explicitly announced step. Nothing on testnet carries over financially.

Where do the platform fees go? To the Smart Pacts on-chain funding account on the chain of sale — the same audited, on-chain funding system the rest of Smart Pacts uses. On testnet, that’s test KDA like everything else.

I found a security issue. Please report it privately via GitHub’s security reporting on the Smart Pacts repositories rather than a public issue. The contracts went through cold-context audit gates before deployment, and we’d like to keep raising that bar.