Create a Bitcoin‑Cash‑backed asset in one transaction. Category, backing rate, founder fee sealed into the covenant the moment it confirms.
No upgrade key. No admin. No later "tweak the parameters" transaction. The chain remembers what you chose.
The Temple of Artemis at Ephesus is where the earliest coins were found — Lydian electrum, seventh century BCE.
Artemision marks what this surface is for: the moment a unit of account starts existing. For most of history, a privilege. Here, a function anyone can call.
The metallic, the nominal, and the commercial — three values in the same object.
The metallic value came from the metal itself, high when gold, lower when silver, much lower when copper (the initial gold-silver ratio was 1:12). The nominal was what the issuing polity declared — the Attic Tetradrachm at 17 grams, with subdivisions (1 obol) and multiples (decadrachma). The commercial was what the coin was worth in a specific market, on a specific day. By 400 BC coins were the predominant means of exchange across Greece — but no polity imposed a single currency; each region ran its own, and the Attic Tetradrachm eventually prevailed on its merits.
Representative currency, then fiat, cut the metallic layer away. What circulates today is issuance without metal — value by declaration alone.
A Deviant backed asset restores the metallic layer at protocol level. Bitcoin Cash plays the role of the precious metal — every unit carries its BCH backing inside its own UTXO at a rate sealed at genesis. Redeeming it is spending your own coin; the covenant enforces the floor at consensus, no counterparty required. The coin is what it represents, again.
Genesis is one transaction. The category, the backing rate, the founder fee, the mint policy — all sealed into the covenant address the moment the tx confirms.