How Tickra works

Declaring a basket

A basket holds 2 to 8 listed stocks. Each weight is a whole percent of at least 5%, and the weights sum to 100. They lock at launch: the vault buys in those proportions for as long as the token trades.

The curve

The curve prices the token as constant product over virtual reserves of 2,000 USDG and 1,000,000,000 tokens. The factory mints the full supply of 1,000,000,000 tokens. The curve sells 800,000,000 of them. The price opens at $0.0000020 and ends at $0.000050 when the raise hits 8,000 USDG.

Try the numbers on any basket page. The curve simulator runs the same formula.

Inside that transaction

• The curve stops accepting buys and sells.
• The GraduationRouter creates a Uniswap v4 pool against USDG with TickraHook attached.
• The pool opens at the curve's exit price with 8,000 USDG and 160M tokens, so the first pool trade continues from the last curve trade.
• The router burns the 40M unsold tokens the pool doesn't need. Fully diluted value at graduation comes to about $48,000.
• The router locks the liquidity. No address can withdraw it.
• The vault activates, and the graduation pot becomes its first flush.

The hook

Each Tickra pool carries TickraHook, which takes the 1% fee on each swap and holds it for the vault. The hook forms part of the pool key, so a copycat pool without the fee would be a different pool with no liquidity.

The purchase share

60% of each fee buys stock. The vault queues five sixths of what it buys for holders (50% of the fee) and keeps one sixth in the floor vault (10% of the fee). On the curve the same 60% waits in the graduation pot, so early trading still ends up as stock.

The keeper share

5% pays for sweeps, flushes and drops. A token that trades funds its own deliveries, and anyone who runs a batch gets reimbursed from this reserve.

Fees collect in the vault as USDG. Once the buffer passes 40 USDG, anyone can call flush, and the keeper does within a minute. The vault splits the buffer by weight and runs one purchase per stock.

Time-weighted entitlement

Tickra measures entitlement in balance-seconds. Hold 5% of the eligible supply for the whole window and you receive 5% of the drop. Buy halfway through and you receive half that. Buy in the snapshot block and you receive nothing. The drop calculator runs the formula with your numbers.

Dust line

A holding under 0.005% of supply (50,000 tokens) neither accrues nor counts toward the total. Splitting a bag gains nothing: the same tokens earn the same seconds in one wallet or ten, and fragments under the line earn none.

Excluded addresses

The curve, the vault, the token contract and the Uniswap v4 pool manager never accrue. Stock sent to them would sit in a contract with no use for it.

• Snapshot sniping: a buy in the snapshot block carries zero seconds.
• Sybil splitting: more wallets hold the same total seconds.
• Flash loans: one block of balance earns one block of entitlement.
• Double payment: a paid holder's seconds reset, so a second call pays zero.

Most launchpad tokens trade at whatever the next buyer pays. The floor vault puts real shares under a Tickra token, in a contract that grows with each trade. Three inputs price a token:

Why not all 194 Robinhood stock tokens

Robinhood lists 194 stock tokens on chain 4663. A stock without a Chainlink feed gives the vault no trusted price, and a basket holding it would skip that leg on each flush. Tickra skips pool-TWAP pricing altogether, so a thin pool can't move what the vault pays. New feeds join the list as Chainlink ships them.

The vault sets the creator share aside in USDG on each fee sweep. The creator claims it from their wallet with no schedule, vesting or approval. Other launchpads hand creators most of a fee that never reaches holders. Tickra pays 15% of a fee where half reaches holders as stock, which gives people a reason to keep the token.

Each listed stock's token contract and Chainlink feed address appear on its stock page.