Rebates
Paid until you are back to even.
Thirty percent of collected fees is reserved for holders of that token. A payment is the chain’s quote, USDC on Arc and ETH on Robinhood. It lands in the wallet. It does not buy the token and it does not move the chart.
The point is the holder who bought and held through a drop. Payouts give that wallet a way back toward what it paid without selling. Neither the recovery nor a higher price is guaranteed. They depend on fees actually being collected, and on the wallet still qualifying.
Who qualifies
| Buy on this site | Cost increases by the quote that went through the launch pool, after the pool fee. Eligible after 15 minutes. |
| Buy on Uniswap | The pool fee is paid. No cost is recorded. No rebate on those tokens. |
| Hold for under 15 minutes | Not eligible yet. The position is still building. |
| Sell any amount | Disqualified on this token, even if you buy again. |
| Send tokens to a normal wallet | Disqualified. A transfer cannot reset the entry. |
| Burn to the dead address | The position shrinks. Remaining cost and prior rebates scale down. You stay eligible on what you still hold. |
| Send to a named sink | Same as a burn. Up to three contracts can be frozen at launch. The sink is not a holder. |
| Receive tokens with no buy | No cost. Those tokens are not eligible. |
One sale ends future rebates on this token for that wallet. A funded round that was already reserved can still be claimed. It is not cancelled because the holder later sells.
The shortfall
The reference price is the higher of the spot price and the 15-minute average. A single block cannot print a price and empty the reserve. Your shortfall is:
shortfall = cost − reference value − rebates already funded
A negative result is zero. Payments stop when the tokens you still hold, marked at that reference, plus the rebates you have been funded, cover what you paid. That is break-even. A later drop can open a new shortfall. It is still capped by the original cost. No wallet is paid more than its remaining shortfall.
A round, in numbers
Suppose the reserve can pay 30, and two wallets qualify. One shortfall is 100, the other is 50. The funded pool is 30, because that is all there is. The first wallet has two thirds of the shortfall, so it is paid 20. The second is paid 10. Rounding dust stays in the treasury. Those payments reduce the shortfalls in the next calculation.
What you can actually claim
A number on the token page is one of four states. They are not the same thing.
- Building. The 15-minute hold, the price average, or the snapshot is not ready.
- Calculated. The shortfall is known. The round is not funded. You cannot withdraw it.
- Ready. The round is onchain and the quote is reserved in the treasury. A proof shows your amount is in that round. The proof does not, by itself, prove the price was right.
- Paid. The transfer to the wallet is confirmed.
If the indexer has not caught up, the figure is left blank. It is not shown as zero. Calculated is not claimable.
Once a round is funded, it is final. There is no cancel window. Active tokens are checked about every 15 minutes, quiet ones about every six hours. Collection and payout are separate timers. A check does not promise a payment. Small amounts can wait until sending them is worth the gas. A direct claim stays available.