How the daily pool works
Rewards don't come from a marketing budget. They come from a pool that fills with $RECEIPT trading fees and is shared out every night at 00:00 UTC. The math, without the jargon.
Most cashback programs promise a fixed percentage and pay it from a marketing budget. RECEIPT works the other way round. There is no fixed rate. Every day a pool fills up, and at the close it is shared between the receipts verified that day.
Where the pool comes from
The pool is funded by fees on $RECEIPT trades. The token launches on Pons, a launchpad on Robinhood Chain, where the creator side of every trade earns a fee. RECEIPT routes its share of those fees to the pool, and only fees actually collected count. The split between the pool and operating costs will be published at launch.
The daily close
The day closes at 00:00 UTC. At that moment three numbers are known:
- The pool: the fees collected for the day.
- The eligible spend: the total of the day's verified receipts, each one counted up to $200.
- Everyone's points, which start from that same capped amount and can be raised by brand, tier and event multipliers.
The day's rate is the pool divided by the eligible spend, with a hard cap of 5 %. If the pool is bigger than 5 % of the day's eligible spend, the extra is not handed out. It rolls into an event pot used for special days such as Black Friday.
Rate = pool ÷ eligible spend, capped at 5 %. No rate is promised in advance, and it can be zero.
From points to Stock Tokens
Your share of the pool is your points divided by everyone's points. That share is then split by the brands on your receipts: if your day's points came from an Apple receipt and a Starlink bill, your allocation goes to AAPL and SPCX in the same proportions.
After the close, the keeper buys each brand's total for the day on Uniswap, splitting large orders and never paying more than a maximum price derived from the Chainlink feed. Everyone's allocation is recorded at that day's average execution price. If a brand's Stock Token can't be bought safely that day, its share waits in USDG until it can.
Why there is a cap
The 5 % cap is what makes buying things only to farm rewards a losing trade. Whatever you spend, the most that comes back that day is a small fraction of it, in a Stock Token whose price can fall. Together with the $200 per-receipt cap and the limit of 10 receipts per user per day, it keeps the pool for people who were going to buy anyway.
Vesting, unlock and payday
- Every allocation vests for 30 days from the receipt date, which also covers most refund windows. A refund email from the same merchant cancels the matching rewards.
- Rewards build up for everyone, but only wallets holding the $RECEIPT membership threshold can unlock vested rewards. The threshold will be set at launch.
- Payday is weekly, on Friday. Unlocked rewards are pushed to your wallet by the vault, which pays the gas.
What happens when trading slows down
The system only shares what came in. When trading volume rises, the pool grows and the rate can go up. When volume falls, the pool shrinks and the rate falls with it, down to zero on a quiet day. RECEIPT can't run out of money, because it never promises money it does not have. We would rather show a low rate honestly than a high one we can't pay.