FAQ

The same questions as the landing page, answered without the constraint of fitting in an accordion. Where a shorter answer left something out, the second paragraph is the part that was left out.

Do I actually receive HOOD shares, or a token that tracks them?

You receive a transferable on-chain claim that is backed one-to-one by HOOD common stock held in the reserve's brokerage account. The claim is redeemable for the underlying share position, so the exposure is real rather than synthetic.

The distinction matters in a drawdown. A synthetic tracker relies on a counterparty to keep paying the difference; a backed claim relies on shares that were already purchased and are already sitting in custody. If the token's market disappears tomorrow, the shares behind the claims you have already taken do not.

Why are fees denominated in ETH instead of in BANK?

A fee priced in BANK would shrink exactly when the token is falling, which is precisely when the reserve wants to keep buying. Pricing the fee in ETH means the reserve's purchasing power tracks a liquid asset the broker will accept, and the accounting stays legible.

It also removes the reflexive sell pressure common to tax tokens: the protocol never has to dump its own supply into the pool to raise cash for a purchase.

How often can I claim?

Every 5 minutes. The distributor enforces a 300-second cooldown per address. Accrual continues during the cooldown, so waiting longer simply means a larger claim.

What happens to fees collected while Nasdaq is closed?

They pool in ETH. The treasury buffer smooths the gap so distributions still land on schedule, and the reserve executes the accumulated batch when the market reopens. Nothing is lost — it just settles later.

Roughly two-thirds of any given week is outside regular trading hours once weekends and holidays are counted, so the buffer is a core part of the design rather than an edge case.

Where does the other 30% of fees go?

Liquidity, operations and brokerage costs, and an ETH buffer that keeps distributions regular across market closures. The full split is published on the fees page and is a single on-chain parameter.

Is this affiliated with Robinhood?

No. We are not affiliated with, endorsed by, or sponsored by Robinhood Markets, Inc. We are a customer of the public equity market like anyone else, and BANK confers no ownership, voting, or dividend rights in the company.

Is BANK a security?

BANK is a memecoin. It has no claim on the protocol's revenue, no promise of profit, and no governance over the issuer. The airdropped share claims are a distribution of already-purchased equity, not an investment contract. That said, this is a novel structure and regulatory treatment is not settled — read the risks page before participating.