Collection rules
The Satoshi Monument collection is a public, community-driven initiative organized and run by the association The Malahar Network z.s. — a legal entity founded by the Jednadvacet.org group to support its activities. So everything is clear and transparent from the start, here is what happens to your contributions in each possible scenario.
If the target is reached
The statue by Italian artist Valentina Picozzi — the same one standing in Lugano or Tokyo — will be purchased and installed in Prague. The final location is being negotiated; until it is technically and administratively confirmed, the statue will be temporarily displayed at a suitable place (we are considering, for example, the premises of partner institutions). Once the statue finds its permanent home, the collection website will turn into the monument's permanent website, and a QR code on the pedestal will link to the project's story and the list of all contributors.
If we raise more
The collection's baseline goal is 1 BTC — the fixed price to buy the statue from Satoshi Gallery. But the project doesn't end there. Beyond the statue itself, there are further one-off costs to cover, namely shipping, customs clearance, VAT, installation, fees and any currency conversion. (Ongoing operation, maintenance and care of the monument will be handled by separate Patrons of the monument.)
Based on the experience of our Austrian colleagues, who are currently raising funds for a Satoshi monument in Vienna, these additional costs can reach roughly 0.3 BTC (the Austrian collection ↗). That's why we've set the collection's maximum target at 1.3 BTC.
Going over the 1 BTC mark is in fact desirable — it helps us fund the whole project from the community, without having to awkwardly top up the related costs from Czech companies. As long as at least 1 BTC is raised, Jednadvacet.org will cover any shortfall needed to finish the project on its own.
Further contributions above 1 BTC will specifically cover:
- →fees and any currency conversion
- →customs, VAT and shipping of the statue
- →installation costs
If any funds remain unused after covering all costs of the purchase, shipping and installation of the monument, the Satoshi Monument Board will decide on their specific use and will justify and publish its decision.
We plan to use any unused funds to prepare an original Czech take on the Satoshi monument through an open art competition (Beyond this statue →).
Once the project is complete, a final financial statement of the collection will be published, including the total amount raised and an overview of the costs actually incurred.
If the target is not reached
No contribution goes to waste. The funds raised will be redirected in full to developing the project — specifically to preparing an open competition for an original Czech monument. Part of the funds may also be devoted to bitcoin education via the INEV project. The Satoshi Monument Board, which in its role is accountable to the Jednadvacet community, decides on the exact allocation of the funds.
Transparency
All incoming contributions are carefully recorded. The running total is public and visible in real time on the main page. The Board keeps the Jednadvacet community informed about the project's status.