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Test deployment: connected to the clubX rehearsal collection on Robinhood Chain. A mint here is a real mint, paid in VCX.

How it works

Two separate mechanisms, both run by smart contracts: minting an NFT, and sharing fees with holders. Mint payments never fund rewards; they go to the dead address.

Everything runs through smart contracts. The mint, the $VCX sent to the dead address and the holder payouts are all handled by smart contracts on Robinhood Chain, in public transactions anyone can check.

Minting an NFT

  1. Step 1

    Approve

    You allow the collection’s smart contract to take exactly the $VCX for this mint.

  2. Step 2

    Mint

    You call the contract’s mint function with the number of NFTs you want.

  3. Step 3

    Payment moves

    In that same transaction the contract sends the $VCX from your wallet to the dead address.

  4. Step 4

    NFT arrives

    The contract mints the NFTs to your wallet, numbered in mint order.

The contract checks that the dead address received the full price, so the mint fails rather than arriving short. The dead address is 0x000…dEaD: nobody has its key, so tokens sent there are out of circulation for good. The token stats show how much has been sent there so far.

Holder rewards

Payouts are automatic. You don’t need to do anything: after each period, the rewards smart contract sends what your NFTs earned straight to your wallet. Very small amounts wait for a later payout. Claiming it yourself is only a fallback, for when an automatic payout fails.

  1. Step 1

    Fees accrue

    Trading fees for the project collect in the launch platform’s fee escrow contract when the platform sweeps them.

  2. Step 2

    Collected

    A keeper moves them into the rewards contract. Anyone may run this step.

  3. Step 3

    Split

    The contract sets aside an operations share fixed at deploy; the rest is the holders’ pot.

  4. Step 4

    Earned

    Over the next period, the contract shares the pot evenly, per NFT for every second it is held.

  5. Step 5

    Paid automatically

    After each period, the keeper triggers the rewards contract, which sends every holder what they earned, straight to their wallet. Claiming is only a fallback.

NFT-seconds
One NFT held for one second. Every NFT earns the same for each second it is held, so a wallet with three NFTs earns three times one. Buying just before a payout earns only the seconds actually held.
Periods
Fees collected during one period are earned by holders over the next period, and paid out when that period ends. A late collection moves fees to a later period; when the payout transaction runs never changes the amounts. The site numbers periods from launch: Period 0 is the period of the first mint, and each period after it is one higher.
Selling
A seller keeps everything earned while holding, and it is still paid out to them automatically. A buyer starts earning when the NFT arrives.
Payouts
After each period, a scheduled keeper calls the rewards contract, which pays every holder what they have earned, straight to their wallet, so nobody needs to claim. The keeper only starts the payout; the contract decides every amount. Very small amounts wait for a later payout to save gas. If a payment to a wallet fails (a smart-contract wallet can need more gas than a payout allows), that wallet is skipped, everyone else is still paid, and the contract keeps the amount reserved for it.
Claiming, as a fallback
The Claim button on the dashboard stays greyed out unless an automatic payout to that wallet has failed. Then the holder can claim the reserved amount from the contract themselves: it is the same amount, and they pay the gas.
No guarantees
Holders receive only what the contract actually receives, after the operations share. Fees arrive irregularly and can be zero for long stretches. Nothing here is a promise of income.
Illustrative example, not a forecast

Every period runs from 18:00 UTC to 18:00 UTC the next day. Fees collected in one period are earned by the NFTs held during the next period, and paid out when that period ends. Here is one pot, followed from start to finish.

  1. Period 1Monday 18:00 to Tuesday 18:00 UTC

    Fees are collected

    Trading fees are collected automatically throughout period 1, with a final collection on Tuesday at 17:50 UTC, just before it ends. Everything collected in period 1 makes up the next pot: after the operations share, the holders get 120 in the reward token. None of it is paid out yet.

  2. Period 2Tuesday 18:00 to Wednesday 18:00 UTC

    Holders earn the pot

    The contract releases the 120 evenly through period 2, 5 every hour, and splits each moment's release equally among the NFTs held at that moment.

  3. PayoutWednesday, just after 18:00 UTC

    The pot is paid out

    When period 2 ends, the keeper starts the payout, and the contract sends every wallet what its NFTs earned during period 2, straight to the wallet. The transaction lands a few minutes after 18:00.

Who gets the 120? Only holding during period 2 counts. Three wallets take part, and the table follows them through period 2 (times in UTC):

  • Wallet A holds 2 NFTs through all of period 2. It bought one of them from Wallet C on Tuesday at 12:00 UTC.
  • Wallet B mints 1 NFT on Wednesday at 06:00 UTC, halfway through period 2.
  • Wallet C held that NFT during period 1, while these fees came in, and sold it to Wallet A before period 2 began.
How the pot of 120 collected in period 1 is shared during period 2
FigureFirst 12 hoursTue 18:00 to Wed 06:00Last 12 hoursWed 06:00 to 18:00Paid outWed just after 18:00
Pot released6060120
NFTs sharing it23
Each NFT earns3020
Wallet A (2 NFTs)6040100
Wallet B (1 NFT)02020
Wallet C (sold)000

On Wednesday, just after 18:00 UTC, the payout sends 100 to Wallet A and 20 to Wallet B, straight to their wallets. A's NFTs earned more per hour before B arrived, because there were fewer NFTs to share with.

Wallet C gets nothing from this pot, even though it held an NFT while these fees came in: this pot pays for holding during period 2. C's time in period 1 earned from the pot released during period 1, which was paid out on Tuesday just after 18:00 UTC.

The periods overlap like a relay. While period 2 releases this pot, the next fees are collected through period 2, the last of them on Wednesday at 17:50 UTC. They are earned during period 3 and paid out on Thursday just after 18:00 UTC. Fees that arrive after a period's final collection count toward the next period.

Earn stars

Holders earn XP and climb from one to ten stars. Every NFT earns 30 XP for each day it is held, so more NFTs and more time mean more XP. Soon you can also earn XP with a daily check-in and by completing quizzes.

One star from the first NFT, two from 500 XP, three from 1,500, four from 3,000, five from 5,000, six from 7,500, seven from 10,500, eight from 15,000, nine from 19,000 and ten from 25,000. XP never goes down, so former holders keep their stars, and stars do not change what anyone earns.

Questions the numbers can answer are on the stats page, straight from the chain.