How Royalty works

Royalty turns a Pons token's creator fees into money for an X account. A token launched through Royalty has Royalty as its fee wallet, and its description names the account the fees are for.

The account does not have to agree or know in advance. The first they hear of it can be the money waiting for them.

Launch: the fee wallet is set when the token is created, so pointing it at Royalty is part of launching.

Register: an existing Pons token's fee wallet can hand the fees to Royalty. It first signs which X account they should pay.

Either way it is permanent. Pons only lets the current fee wallet move the fees, and Royalty has no function that moves them again.

The account is read from this line in the token description: Fees to @handle via Royalty. The launch form writes it for you. Without it, the first @handle in the description is used.

When the token is first seen, the handle is resolved to the account's permanent X id and bound on-chain, once. A handle changing hands later does not move the money.

Every few minutes, when enough has built up, Royalty collects a token's fees from Pons. Fees arrive as ETH (WETH) and as the token itself; the token side is sold for ETH in its Pons pool.

The contract then splits the ETH: 80% is credited to the account, 20% goes to Royalty. There is no other fee.

The account's owner signs in with X on the Claim page. Royalty checks the login belongs to the credited account id and signs a claim that the contract verifies. We send it and pay the gas.

The money lands in a wallet made at sign-in (or any address you give). It works from any country: no X Money, bank or subscription needed.

Each credit can be claimed for 30 days. After that anyone can send it to Royalty. Claiming at any time claims everything waiting, including credits close to expiring.

Fees for a token whose description names no account are held; after 30 days they go to Royalty.

The contracts are not audited. Royalty's server key binds tokens, collects fees and signs claims; if it were stolen, waiting money could be claimed by someone else. The owner can pause claims and swap that key after a one-day delay, but cannot move waiting money.

Naming an X account does not mean it endorses a token. Royalty is not affiliated with X Corp. or Pons, and nothing here is investment advice.