Ballad I — The fee that went home
Every trade pays 3% — the 1% the pair charges anyway, plus 2% $ROBIN adds on top. Whales trade most, so whales fund most of it. Then 2.7% of all volume goes back out to everyone holding under 1% of supply, tilted so the smaller your bag, the more you earn per token. Nothing is minted. Nothing is promised. No volume, no payout.
Not launched. There is no contract address, no distribution has happened, and there is nothing to buy. Every figure on this page is read from the chain or from the keeper’s own published record. Nothing has been redistributed yet, so the vault reads zero — a fact, not an estimate, not a projection, not “expected” anything.
Every swap pays 3%, buying or selling: the 1% the pair takes regardless, plus 2% that $ROBIN adds on top. That 2% is the redistribution — it is a real charge and this is us saying so. Nothing is skimmed from your balance for holding; you only ever pay it when you trade, and whales trade biggest and most often, so most of the pot is theirs.
3% per trade → 2.7% of volume reaches the pot · 0.3% is PONS’s cut
A keeper calls the fee escrow on a timer and pulls the accrued fees into one wallet. It runs whether or not anyone is watching, and every claim is a transaction you can look up.
escrow.claim() · 0x4e71d92d
The pot is split among the wallets under the rich line, tilted so that the smaller your bag the more you earn per token, and then sent. It lands in your wallet on its own — nothing to claim, nothing to sign, no gas from you.
direct transfer · merkle relay at scale
redistributed to small holders, all time
No distribution yet.
A coin that pays small wallets invites one whale to become a hundred small wallets. That is the whole design problem, and it is the reason the rule is published here in full rather than kept as a surprise. Four gates, stacked — each one cheap to pass honestly and expensive to farm.
Hold more than a hundredth of the supply and you are on the other side of this story. Everyone below the line is in the pool; everyone above it is who funds it.
Three gates in one number. You must have held it at the snapshot, you must still hold it, and you must have bought it on the pair rather than been handed it by another wallet. The smallest of those three is what you are paid on.
It lands 12 to 24 hours in the past, and the offset comes from a block hash that did not exist until the block did — so it cannot be positioned for in advance, and it can be recomputed by anyone afterwards. The seed block and hash go in every payout record.
It also means nothing pays out for the first 12 to 24 hours after launch: until a cohort has held that long, no wallet can clear the gate. Fees accrue and go out in the first distribution that qualifies.
Shares run on eligible balance raised to a power below one, so a smaller wallet earns more per token held while a larger one still earns more in total. The exponent is the whole redistribution dial, and it is set at 0.3.
No wallet can pull more than a twentieth of a single pot. What the cap knocks back is re-spread across everyone else, and anything that still cannot be placed is carried into the next distribution — never dropped, never quietly kept.
These are the values the keeper runs today, and they are still being tuned. The final numbers are published here before $ROBIN goes live, and any change after that is logged with the block it took effect.
Here is the number most projects would hide. Splitting one bag across 100 wallets multiplies a farmer’s weight by at most 3.98× — that is 100 raised to the 0.3 in the formula above. Their actual payout rises by less, because the pot is finite and shared, and the ceiling is only approached by someone still small next to the honest pool.
That gain is arithmetic, not an oversight. Any rule more generous to small wallets than a flat pro-rata split rewards splitting — that is what “progressive” means. The only Sybil-proof setting is 0, and it buys that by paying everyone below the line strictly in proportion to what they hold, which is no longer Robin Hood. We picked 0.3 and we are telling you what 0.3 costs.
What the gates do instead is make each fake wallet expensive: it has to buy on the pair, which means paying the fee that funds the pot it is farming, and it has to be sitting there before a snapshot it could not see coming. Slow and costly, not impossible.