Capital flow
Creator fees from pons are claimed on a schedule in ETH on Robinhood Chain, bridged out, converted to dollars through Kraken, and sent to the creator's X Money account. 7% of every claim buys and burns $HOODMONEY, 3% runs the bridge.
pons
fees accrue in ETH
Fees claimed
Ξ0 all time
90%
Off-ramp
Relay bridge → Kraken
X Money balance
$0.00
Sent to X user
$0.00 paid
7%
$HOODMONEY bought back
and burnt on chain
3%
Ops
Ξ0 all time
1
A token on pons points its fees at us
At launch, the token directs its creator fees to our treasury and locks in that destination. pons pays in ETH on Robinhood Chain. We read the X handle from the token's description and claim the fees on a schedule. Every claim splits: 90% to the creator, fixed in dollars at that moment, 7% to buy and burn $HOODMONEY, and 3% to ops.
2
The ETH leaves Robinhood Chain
Recipient shares reach this step as ETH on an L2 no exchange lists. Relay bridges them to Arbitrum in one transaction, straight into our Kraken deposit address. Bridges run in batches, not one per payout.
3
Kraken converts it to dollars
A market order sells the batch for USD at the same Kraken account, so nothing after this step depends on the chain a token was on. The USD is withdrawn by ACH to the X Money checking account.
4
USD arrives in our X Money balance
The dollars land in the X Money balance on the @HoodMoneyPons account, the float every payout is made from. It holds what is owed to X users between a claim and its payout, and we keep it ahead of what is owed.
5
The X user receives the payout through X Money
The payout leaves our balance and arrives in the X user's X Money account, the one matched to their handle. Sends go out at dollar milestones; @HoodMoneyPonsthen posts the confirmation with X's receipt.
6
X Money operations
Rail
X Money P2P (US, Premium)
Minimum
$1 per send
Fee
$0 per send
Held balances
7 days, then recycled
Sends
operator desk
Off-ramp
operator desk
Off-ramp
No batches yet.
On-ramp
ACH deposits landing in X Money
Nothing landed yet.