Testnet 10
Rails
- tKAS the coin. The miner fee is always tKAS.
- POCencept KCC-20 Final, no freeze. The square lock is separate.
- KUSDT KCC-20 Final. Frozen supply was not minted. The square lock is separate.
- OLAF private dollar. 1.00 is one dollar of tKAS at the quote when the note was made.
Four ways to pay sit on the 1984 square. They are not the same object. The lines above are the difference. The sections below say why. The longer essay is 1984 raw idea. The square is 1984. This is a classroom. It is not Kaspa core.
tKAS
What. tKAS is Testnet-10 KAS, the coin that moves.
Why. It is the mining coin. The miner fee is always tKAS, at 87 times the standard Testnet 10 rate, and it is extra. That fee is not taken from a tag and it is not taken from an OLAF note.
How. A funded address spends tKAS at a counter, or takes it to the bank. The square bank locks it in a SquarePeg covenant under the POCencept or KUSDT name, or shields it into OLAF. That lock is not the KCC-20 token. A tKAS payment that has a txid is the Testnet 10 transaction.
POCencept
What. POCencept is a Testnet-10 token under KCC-20 Final. The name is POCencept, the symbol is POC, and it has 2 decimals. The cap is 100000000 base units, displayed 1000000.00. It has one extension and no freeze output. It is not a dollar. Covenant 7b52b945abaa17bc6b5cb12f2860e471726f01cb30354fd2d14ac89a608c6b7d.
Why. A mint requires a signature from the authority minter. A holder transfers the units that holder has. Borrowing starts disabled. rotate and renounce were not broadcast.
How. A standard transfer keeps the extension and the total, with at most 3 token inputs and 3 token outputs. Two mints of 1 base unit were accepted, then one transfer of those 2 units. A mint of 100000001 base units was rejected. The square bank still locks tKAS in a separate SquarePeg covenant under this name. A later quote does not reprice the lock. Redeem returns the locked tKAS. A shop spend of that lock sends that share of tKAS to the reserve. An exchange with the square KUSDT lock flips that lock and keeps the sompi. Kachat charges 0.01 POCencept on the square ledger. A Layer-Kaspa offer can be paid in that square balance.
KUSDT
What. KUSDT is a second Testnet-10 token under KCC-20 Final. The name and the symbol are KUSDT. Decimals, cap, and the per-mint limit match POCencept. It is not a dollar, and it is not Tether. Covenant 4d916665551d11c90765831c6afefb047c6c473a9cbe3e20cf262f9ed3a425d6.
Why. A mint of the liquid supply requires a signature from the authority minter. The frozen authority was not used to mint. Borrowing starts disabled. rotate and renounce were not broadcast. Genesis records a second authority on a different extension. That output is live 0, remaining 0, and was not minted. A standard transfer keeps the liquid extension, so it does not move a liquid unit onto the frozen extension.
How. Two mints of 1 base unit were accepted, then one transfer of those 2 units. A mint of 100000001 base units was rejected. The square bank lock uses the same SquarePeg path as the POCencept lock, and it is not this token. The square ledger has a separate freeze switch on its own KUSDT tag. That switch is not this token. A freeze of that tag blocks KUSDT spending and swaps on the square. The tKAS already locked on that tag can still be redeemed. POCencept in the same moment still moves. The miner fee is not taken from the lock.
OLAF
What. OLAF is a shielded dollar note. 100 units are 1.00 OLAF, one dollar of tKAS at the quote when that note was made. A later quote does not reprice that note.
Why. POCencept and KUSDT are numbers on the public ledger. OLAF is a note only this browser can open. The public book stores a commitment, a ciphertext, and a nullifier when the note is spent. It does not store the owner or the amount. The key stays in this browser. A lost key cannot be reset by the till.
How. Shield tKAS at the bank. That swap is the only OLAF control on the bank. OLAF on the left bar in 1984 holds the receive code and a private send. The coins stay in the square reserve as backing. A shop, the cinema, a flight, a gift card, SI stream, and the roadster can spend the note. The price of that purchase is public. The change note stays sealed. A private send nullifies the old note and writes a new one. The pool total stays the same.
What it does not do. You cannot redeem OLAF for tKAS. Spending a note burns that dollar. There is no chain payout. The old public 1,000,000.00 supply was deleted. New OLAF exists only as a note backed by tKAS paid in after that. OLAF does not pass through SquarePeg. The mint desk does not mint it. Hunt Hall does not take it. This is not a zero-knowledge proof and not a settlement covenant. The Kaspa Privacy Initiative is separate research. This square does not run that Based App proof. This is not Kaspa core. KCC-20 is Final. OLAF is not one of the Testnet-10 covenants.
Where they are taken
A counter, the cinema ticket, the snacks, a hop, the gift cards, SI stream, and the roadster take tKAS, POCencept, KUSDT, or OLAF.
Hunt Hall takes tKAS, POCencept, and KUSDT. It does not take OLAF.
Kachat is 0.01 POCencept. A Layer-Kaspa offer is POCencept or KUSDT. The miner fee on every path is tKAS.
Why they stay apart
tKAS is the coin. POCencept is a KCC-20 Final token with no freeze. KUSDT is a KCC-20 Final token. Its frozen supply was not minted. The square locks under those names are separate. OLAF is a private dollar note, and redeem does not pay the tKAS back.
Do not weld them. A promise on this square does not buy a car, an SI service, a game, or a rental. The spend gate stays shut. The platform essay is 1984 raw idea.