How Split works

Overview

Split (SPLIT) is a token on Robinhood Chain that pays its holders in tokenized stocks. Every buy and sell of SPLIT pays a 1.5% fee. The fees are used to buy a basket of Stock Tokens (Apple, Nvidia, Tesla and more), and those stocks are sent straight to the wallets that hold SPLIT.

1. TradeEvery buy and sell pays 1.5%
2. BuyThe fees buy the stock basket
3. DistributeThe stocks go to every holder
4. VerifyEvery payout is public and on-chain

Three things make it different:

• Nothing to claim or stake. Hold SPLIT in your wallet and the stocks arrive there.
• Long-term holders earn more. Your share grows with how long you've held, up to 3× per token compared with a brand-new wallet.
• Everything is checkable. The Live page shows the basket filling up trade by trade, and the Payouts page lists every distribution with its transactions.

Getting started

1. Get ETH on Robinhood Chain. Trades and gas are paid in ETH. Bridge ETH to the chain or withdraw it there from an exchange that supports it.
2. Add the network to your wallet if it isn't there yet. The details are under Contracts & network. Most wallets add it for you when you connect on the Buy page.
3. Buy SPLIT on the Buy page. Connect your wallet, enter an amount of ETH and swap. The page finds the best route by itself: the Pons launch curve at first, and the Uniswap pool after SPLIT graduates.
4. Hold it in a normal wallet (MetaMask, Rabby, Coinbase Wallet, a phone wallet…). Tokens left on an exchange or in a smart-contract wallet aren't paid (see Who gets paid).
5. Receive stocks. At each distribution your share of the basket is sent to your wallet. To see the Stock Tokens in your wallet, you may need to import their addresses, listed under The stock basket.

The 1.5% fee

Every buy and every sell of SPLIT pays a 1.5% fee, taken in ETH as part of the trade. On a 1 ETH trade that's 0.015 ETH. The fee is set on the Pons launchpad when the token launches, and it is the same for buys and sells.

The fees go to the creator's wallet. The creator uses them to buy the Stock Tokens in the basket and sends those to holders at each distribution. The buying is done by hand, not by a contract, which is why every amount is shown on the Live page and every payout on the Payouts page.

The stock basket

Distributions are paid in these Stock Tokens on Robinhood Chain. Each one is an ERC-20 token that tracks the price of a real share. Prices on this site come from Chainlink price feeds.

Stock Tokens are issued by a third party, not by Split. They give price exposure only: no voting rights and no claim on the company. They aren't available to U.S. persons or in some other countries.

Live basket

The Live page watches every SPLIT trade on-chain as it happens. For each trade it takes 1.5% of the ETH amount, splits it evenly across the stocks at live Chainlink prices and adds it to the basket, so you can see the amount of each stock grow trade by trade.

The creator buys exactly the amounts the Live page shows. At each distribution, the creator buys what each stock has grown since the last one and sends it to holders. Before launch, the page runs a demo with simulated trades so you can see how it works.

Distribution schedule

The first distribution is 15 min after launch. The next ones come 2 h, 6 h and 1 d after the one before, and from then on every wait is twice as long as the last. Early holders get paid fast, and the longer waits later let each distribution build up more fees.

Dates appear once the launch time is set. Sending can take a few minutes after the scheduled time.

Rewards formula

Each distribution is shared out by balance × holding-time multiplier. Your share is your weight divided by the total weight of every wallet that gets paid:

b_i

Your SPLIT balance when the distribution is sent

t_i

How long you've held, in days (a token-weighted average, see below)

M = 3

The highest multiplier, reached by holding for a long time

τ = 30 d

About 63% of the bonus is earned after τ days, 95% after 3τ

Multiplier by days held

Example

Three wallets hold the same amount of SPLIT and nobody else holds any. A $1,000 distribution is split like this:

Buying more, selling and transfers

• Buying more adds the new tokens at day 0 and blends them into your average. If you hold 1,000 tokens for 30 days and buy 1,000 more, your average becomes 15 days. A big buy right before a distribution can't borrow an old wallet's bonus.
• Selling part keeps the age of what you have left. Selling half after 60 days leaves the other half at 60 days.
• Selling everything resets the clock. If you buy back later, you start again at day 0.
• Moving tokens to another wallet counts as a sale for the sender and a buy for the receiver, so the tokens start at day 0 in the new wallet.

The multiplier never goes down while you hold. Two wallets with the same balance: the older one always receives more.

Who gets paid

Only wallets that actually hold SPLIT are paid. There are no snapshots to register for and nothing to sign up for.

• Holders are counted when the distribution is run. Every balance is read from the SPLIT contract at that moment.
• Everyone is checked again right before the payout is sent. A wallet that sold all its SPLIT in between is taken out.
• Bought after the count? You're paid in the next distribution, with the holding time you have by then.

Never paid

• Liquidity pools and the Pons launch curve, so the stocks go to people and not to the pool.
• Smart contracts, including smart-contract wallets such as a Safe. Hold SPLIT in a normal wallet to be paid.
• The distributor contract, the distribution wallet and burn addresses.

Keep your SPLIT in your own wallet. If it sits on an exchange, the exchange's wallet is the holder, so any stocks go to the exchange and not to you.

How payouts are sent

1. The fees are converted. The creator buys the basket stocks with the collected fees, in the amounts the Live page shows, and holds them in the distribution wallet.
2. Shares are worked out. At the distribution time, every holder is counted and each wallet's share is calculated with the rewards formula.
3. The stocks are sent. The SplitDistributor contract moves the stocks from the distribution wallet straight to every holder, in one transaction or a few (up to 300 transfers each). The contract never holds the stocks itself.
4. The record is published. The transactions appear on the Payouts page, with every wallet's amount.

You don't pay any gas. The stocks simply arrive in your wallet.

Verifying payouts

Don't take our word for it. The Payouts page checks every payout against the chain in your own browser:

• Every distribution is read straight from the distributor contract's Distribution events, with links to each transaction on the block explorer.
• Every published amount is checked: the transaction succeeded, it was sent through the distributor, and its events match the published totals. Any difference shows as Mismatch.
• Look up your wallet to see what it received in each distribution, with its balance, holding time and multiplier at the time.
• Preview the next one. The page estimates what the next distribution pays each wallet, from what the distribution wallet holds now and every wallet's live balance and holding time.

Contracts & network

The distributor can only send tokens when its owner sends a payout, and only from the owner's own wallet. It never holds any tokens itself.

Add Robinhood Chain to your wallet

Risks

• Prices move. SPLIT and the Stock Tokens can lose value, and you can lose everything you put in.
• Distributions depend on trading. No trades means no fees and nothing to distribute. Past distributions don't promise future ones.
• The stocks are bought by the creator. Converting the fees into stocks and sending the payouts are done by the creator, not automatically by a contract. That's why every distribution is published and checkable on-chain.
• Smart contracts and third parties. The token, the launchpad, the Stock Tokens and the chain are run by different parties, and any of them can have bugs or change their rules.
• Where you live matters. Stock Tokens aren't available to U.S. persons or in some other countries. Check your local laws before taking part.

Nothing here is financial, investment, tax or legal advice.

FAQ