Mechanics & addresses

Why do I have to check in?

Because half of any airdropped collection sits in wallets nobody watches — bots, lost keys, people who moved on. Checking in once a month proves you’re real, and everything the no-shows would have earned is split between the holders who are. You keep earning as long as you hold; you just have to show up.

What happens if I sell?

Whatever you have not banked goes with the NFT to the buyer, along with the rest of your check-in window. So bank your earnings first — one click on the Claim page — and they stay yours no matter who ends up holding the token.

Who pushes the money out to holders?

Anyone who wants to. Money sits in the vault until someone kicks off the payout, and whoever does it keeps a small cut — 0.00% today, never more than 5%.

What happens to wallets that stop checking in?

They keep taking a slice until someone clears them out. Anyone can do that, it pays a small cut, and everyone still checking in earns more afterwards.

Where does the money come from?

Trading fees on the treasury's ETH/USDG Uniswap v4 position, plus anything anyone sends the vault directly. A keeper collects the fees and spreads them across every NFT that has checked in. It can arrive in ETH or any token the vault is set to pay out in.

What happens to the royalty?

Every secondary sale pays a 10% royalty. That royalty is used to deepen the treasury's ETH/USDG position rather than being paid out directly — a bigger position earns more trading fees, and those fees are what reaches holders. So selling into the collection feeds the thing that pays the people still holding it.

Is this built to push rewards and prices up?

Yes — that is the entire point of the design. Every sale pays a 10% royalty. The royalty deepens the ETH/USDG position. A deeper position earns more trading fees on the same volume. Those fees are split across checked-in NFTs, so the reward per NFT rises. An NFT that pays more is worth more, and every sale at that higher price sends a bigger royalty back into the position. Each turn of the loop makes the next turn larger. Nothing is minted and no token is emitted to fund it — the money comes from trading that has already happened.

What makes the loop turn?

Trading volume, and nothing else. Every step compounds off the last, but the whole thing is driven by people actually buying and selling — so the loop runs as fast as the market does, and it can stall if the market does. That is the honest shape of it: a structure built to compound, not a promise about any particular month.

Is the art really on-chain?

Yes. Every image is drawn by the contract itself from nine traits — nothing is hosted on a server that could go down or be swapped out later.

Can the rules change?

The payout contract can be updated so bugs can be fixed — which also means whoever holds the key could change the rules. That key sits behind a multisig with a delay, so nothing can happen quietly or overnight.