LOA
A LOA is a Liquid Object Asset. It is the main Mirage Garden asset path going forward.
Think LOA like you think NFT: it is the name for the thing. On Mirage Garden, you launch a LOA when you want the token to remain liquid while the object layer remembers who owns what.
Dormant Objects
When a normal token transfer makes a holder fall below the interval, the LOA object is not lost forever. It remains assigned to that wallet and enters Dormant state.
Dormant LOAs:
- cannot be listed
- cannot be transferred as active objects
- cannot use active-object functions
- reactivate when the wallet reaches enough token balance again
Reactivation is oldest-first within that wallet's current ownership order. If a wallet owns three LOAs and only has enough balance for one active slot, the earliest acquired object in that wallet is active and the newer unsupported ones are dormant. If an object leaves and later returns, it is appended to that wallet's order again.
The Liquid in LOA does not come from the object being freely tradable. It comes from the token remaining fully usable and liquid without destroying the object.
Why LOA Exists
Classic peg-style objects can let rarity farming happen: buy enough, mint, sell, repeat. LOAs answer that by keeping the object assigned and dormant instead of letting the same support slot be farmed again.
That makes LOAs useful beyond images: games, access, debt or lien state, learning progress, condition tracking, and other on-chain stateful systems.
Scarce Objects, Liquid Token
A LOA does not require every token holder to own an object. Creators can launch a large token supply with a much smaller LOA cap, so only wallets above the interval and early enough to claim receive objects. If the object cap is reached, the token can keep trading normally.