Form B-9 / Notice of voluntary liquidation
A bum that has been paid enough stops getting paid. The only way back to full yield is to burn $BUM and wipe your record to zero.
Everything you have already claimed, and everything still pending. Bankruptcy burns token, not earnings.
Your record. The suit goes back in the pawn shop and the sprite returns to the gutter.
One keepsake per cycle. A watch you would not pawn, a scrap of the old tie. The next bankruptcy cannot take it.
Burn amounts are contract parameters and will be tuned against real volume. Every change is on chain.
A worn-out CEO earns almost nothing and trades cheap. A fresh bum earns the maximum and trades rich. That spread is the whole secondary market, and bankruptcy is the only way to cross it without buying a new NFT.
Nobody gets infinite second acts. After twelve cycles the button stops working and the bum stays whatever it became.