Capital flow

Creator fees from pons.family are harvested by the CashX contract, converted to dollars through Kraken, and sent to the recipient's X Money account. 20% of each harvest goes to the CashX treasury.
  1. Trades on pons 1% fee + creator tax
  2. pons escrow 70% of fee + tax
  3. CashX contract harvest and split
  4. Off-ramp through Kraken
  5. X Money float
  6. Paid to @handle
  7. CashX treasury
1

Tokens launch on pons.family through the CashX contract, which is set as each token's permanent creator fee recipient. pons only lets the current recipient hand fees on, and CashX has no function that does.

2

Every trade pays pons' 1% fee. 30% goes to pons and 70% is credited to CashX in the pons escrow, along with any creator tax the launcher chose (up to 10%, all of it to CashX).

3

Harvest sweeps each token's pending fees, claims the escrow and splits it once: 80% to the payout float wallet, 20% to the CashX treasury. Each split is emitted on chain, per token.

4

The recipient share is deposited to Kraken, sold for USD and moved into the X Money float. Payouts don't wait for this: they're sent from the float.

5

When a handle's balance crosses a milestone the full amount is sent through X Money, and @CashXapp replies in public with the amount and the token.

Accrued fees, claimed funds, conversion and completed payouts are separate stages, and each is recorded against the claim that produced it.

Off-ramp

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