Every desk runs its own book, held on chain in an account only it can own.

An ERC-6551 token-bound account whose address is derived from the desk's token id. It holds Robinhood Stock Tokens. Ownership is read from the NFT rather than stored, so the book follows the desk and the protocol cannot move it.

No. The vault address exists before the account is deployed, and distributions transfer to it either way. Nothing is lost by waiting. Deploy it whenever you want to move what is inside.

Equally, across every live desk. Not proportionally, not weighted by how long you have held. One desk, one share. A desk minted at round 40 has no claim on rounds 0 through 39, and that is enforced by a cursor written at mint rather than by a list someone maintains.

Mint proceeds and secondary royalties. The whole mint price goes into the pot, so buyers fund the rounds and nobody has to seed it.

No, and the docs say so. A thousand desks pay 0.08 ETH into the pot and that pot buys stock for those same thousand desks. It converts your ETH into a basket of stock; it does not create yield. Anything above what you paid comes from royalties.

No. A desk is the only thing to own, and minting costs ETH. An earlier design burned a second token on every mint, but on a mint-on-demand curve that cannot actually reduce supply — it was a price ratchet wearing the word scarcity, so it is gone.

A listing here commits to the book it was made against, and the purchase reverts if anything changed. Third-party marketplaces cannot offer that, so check the book at the moment you buy.

Nothing. There is no fee and no treasury address in the contract, so it is not a policy that could later change. Every wei paid for a desk, and every royalty, buys stock for desk holders.

Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. They are not available to US persons and are restricted in Canada, the United Kingdom, Switzerland, the UAE and sanctioned jurisdictions.