{
  "format": "one-red-mug-ledger/1",
  "mission": {
    "name": "One Red Mug",
    "target_gbp": 10000000,
    "charity_pct": 50,
    "traders_pct": 40,
    "founder_pct": 10,
    "founder_waiver_below_gbp": 250000,
    "trader_floor_gbp": 1000,
    "winddown_stagnation_months": 12,
    "terms_status": "proposed-not-approved",
    "terms_note": "Proposed only. Not approved or operative. No participant entitlement has been created."
  },
  "status": "pre-launch",
  "contact": "theoneredmug@gmail.com",
  "trades": [
    {
      "lot": 1,
      "item": "One red mug",
      "detail": "Red and white Sparta mug, 11oz (about 330 ml as listed by the retailer; not measured). Glossy red outside, white inside, with an angular handle.",
      "value_gbp": 2.2,
      "date": "2026-10-19",
      "holder": "Held by the founder",
      "status": "seeking-trade"
    }
  ]
}