A glass box, not a black box.
Most reward tokens ask you to trust a treasury you can't see. Here there is no treasury: fees flow from the pool into one contract with no withdraw path, and out only to proven leaves. Every address and every privilege that exists is listed below.
Where every fee goes
- ·Buy $FNGpaid in MSTR, on Long
- ↳ pool feeFee, in MSTRUniswap v4 hook · Doppler
- ↳ collectFeesFNGDistributorno withdraw path · capped on-chain
- ↳ every 10 minHoldersbalance × holding time
- ·Sell $FNGpaid in $FNG
- ↳ pool feeFee, in $FNGsame hook, other side
- ↳ burnFng0x…dEaDburned, supply shrinks
exact split published at launch
Fees are charged by the pool’s Uniswap v4 hook (Doppler’s rehype hook), never by the token. Buy-side fees are paid in MSTR and released to the distributor when it calls collectFees. The share of buy-side fees that reaches the distributor is set when the pool is created on Long and is read from the pool’s own configuration once live; if Long’s Community Mode is enabled at launch, part of the buy-side fee goes to Long’s vault instead, and this page will say so with the exact number.
Every address
Who can touch what
We do not claim there are no privileged operations. We publish what they are, with their exact scope, so you can check them against the verified source.
Can rotate the keeper address and can bind the fee source once. Cannot withdraw, redirect, pause, or upgrade anything. Two-step transfer.
Can post a root at most every 9 minutes, and only for ≤ the MSTR the contract has actually harvested. Submits the claims for every holder each epoch and pays the gas; the MSTR can only ever go to the address in the leaf, never to the caller. Trusted for the allocation math, which is reproducible from public data.
Can call harvest, burnFng, and claim for any wallet. There is nothing an outsider can do that hurts a holder.
Can move MSTR out of the distributor to an address that is not inside a proven leaf. Can allocate MSTR that does not exist. Can change the multiplier retroactively.
Owns the pool, the fee hook and its parameters. The share of fees routed to the distributor is set at pool creation and read from the hook. Doppler’s airlock owner keeps a protocol fee share. We do not control any of it.
Retains issuer controls over MSTR: it can pause, block addresses, and burn balances under its terms. That is a property of every Robinhood stock token, and of anything paired with one.
The snapshots
Each epoch’s snapshot is committed to a public repository with the tree, every row (address, balance, token-age, multiplier, weight, share, cumulative), the excluded addresses, and the transaction that posted its root. The contract stores the hash of the leaf list, so a snapshot cannot be quietly edited after the fact.
Pre-launch: the on-chain reads on this page activate when the protocol deploys. Every figure is live or historical on-chain data, never a projection. Informational only. Not financial, legal, tax, or investment advice, and not a solicitation to buy any asset. $FNG is a token for interacting with an autonomous on-chain protocol; it is not a security, share, deposit, fund interest, or a claim on any entity or its profits. Distributions are protocol-executed allocations of a third-party token, carry no voting rights and no dividend or income entitlement, depend on third-party trading activity, and can be zero. MSTR stock tokens are issued by Robinhood Assets (Jersey) Limited and are not shares of Strategy Inc. Token prices and distributions can move materially and you may lose the entire value of your holdings. Restricted persons (incl. US persons) may not participate.