The thesis
The Mediety Thesis
The halving is the most successful piece of tokenomics ever written, and it has only ever been applied to issuance — to how fast a supply is printed. Nobody has applied it to a distribution: to how fast a treasury pays out to the people holding it.
That is the whole idea. Fees buy tokenized equity into a treasury. A fixed share of that treasury is distributed to holders each epoch. The share halves every 90 days on a calendar set at deploy, and there is no function that can change it. Not owner-gated, not timelocked — absent.
It has never been higher than it is right now, and it never will be again. That is not a marketing line, it is the arithmetic, and the whole schedule is published below so you can see exactly where it ends.
1The rule
Epoch 1 distributes 8.00% of the treasury. Epoch 2 distributes half of that. Epoch 3 half again. Each epoch is 90 days, so the rate halves four times a year, every year, until integer division reaches zero.
With the parameters this site is built on, that is 17 paying epochs over about 4.4 years, and epoch 18 pays nothing at all. Not "approaches nothing" — nothing. The rate reaches zero and the schedule stops, and that final row is published in the table on the front page along with every row before it.
Publishing the tail is the part most projects would quietly drop. A schedule that only shows its generous years is a different product than one that shows where it runs out, and the difference is whether the person reading it can price what they are buying.
2Where the money comes from
Every trade pays 1.5%, in both directions. That fee is spent on tokenized equity, which goes into the treasury. Nothing is minted to pay for anything: the distribution is funded by trading, not by printing new supply and calling it yield.
This is the inversion that makes the halving work here. In an issuance halving, the emission dilutes everyone and the halving reduces the dilution. Here the emission is a payout of assets someone already bought, and the halving reduces the payout. The mechanism is the same shape; what flows through it is real.
3Time-weighted, not snapshot
Your share of an epoch is your time-weighted balance across that epoch, divided by everyone’s. Buying an hour before the epoch closes earns you an hour of it, not all of it.
Snapshots are the obvious alternative and they are a bad one: a snapshot pays whoever is holding at one instant, which turns every epoch boundary into a game of buying the block before and selling the block after. Time-weighting makes that pointless. It also means the thing being rewarded is exactly the thing the token is for — holding, with time as the scarce input.
4Nobody can change it
The rate and the interval are set at deploy. The distributor exposes no function that writes to either. This is not a governance promise, a multisig policy, or a timelock that a determined admin waits out. There is no setter to call.
The reason to build it that way is that a declining schedule is only credible if it cannot be un-declined. A project that can raise its own emission when the number gets embarrassing will raise it, and everyone reading the schedule knows that, which makes the schedule worth nothing. Removing the function is what makes the published curve a fact rather than an intention.
5What is not distributed stays
Each epoch distributes its share and leaves the rest. That remainder is not swept, not reallocated, and not spent — it stays in the treasury, and burning tokens redeems a proportional claim on it.
So there are two ways value reaches a holder: the distribution, which shrinks by half every 90 days, and redemption, which does not. As the emission curve flattens toward zero, the undistributed treasury is what remains, and it remains redeemable. The end state of this design is not an empty contract.
6Every number here is read, not typed
Every on-chain figure on this site is read in your browser, and shown with the contract address it came from and the block it was read at, both linked to Blockscout. Nothing is cached from a build, and nothing is typed into a template.
Right now, that means most of them say not deployed, because nothing is. That is the point of building it this way: “not deployed”, “unreachable”, and a genuine zero are three different sentences on this site, never one shared dash. A product that shows sample data before launch has already taught you how much to trust its numbers after launch.
7Splits do not break balances
Robinhood’s stock tokens handle splits and dividends through an on-chain multiplier under ERC-8056 rather than by minting. The raw balance stays fixed and uiMultiplier() gives the effective ratio. Every balance shown here applies it.
Every multiplier reads 1.0 today, which is exactly why this matters: a system that hardcodes 1.0 works perfectly until the first split, and then tells every holder their position halved overnight. Where the multiplier cannot be read, this site shows a dash rather than a number that would be wrong.
8Counterfeits never reach the treasury
Fake stock tokens trade on this chain, some copying the naming of the real ones exactly. Symbols are not identifiers — two unrelated contracts can share a ticker. Genuine Robinhood stock tokens use a BeaconProxy architecture with an ERC-1967 beacon slot pointing at the official stock beacon, and that slot is readable on-chain.
The treasury is keyed by contract address everywhere, and a token that does not verify structurally is not eligible to be bought with fees, whatever it calls itself.
9Why Robinhood Chain
A distribution of real equity needs real equity to distribute. Everywhere else in crypto, “dividend” means a share of the same token you already hold, or a synthetic tracking an off-chain price through an oracle you cannot redeem against.
Robinhood Chain, chain ID 4663, is the first place where a token contract can hold NVDA and pay it out to holders in the same transaction, priced by per-asset Chainlink feeds published on the same chain. The adjacency is not a convenience — it is the only reason this product can exist as a thing you hold rather than a bet on a number.
10The honest line
This design favours whoever is earliest, deliberately and permanently. The rate you see today is the highest it will ever be, and eventually it rounds to nothing. The full schedule is published below so you can see exactly where that is.
Every project with a declining emission has this property and most of them describe it as “rewarding early supporters”. It is the same fact with the edges filed off. Saying it plainly costs nothing if the schedule is published, and it is the only version that survives someone reading the table.
11The honest limits
This is the part most projects leave out.
- Nothing is deployed. The site, the schedule and its arithmetic are real and live. The token and the distributor do not exist yet, and every figure that depends on them says so.
- The mechanism is unproven on this chain. Whether a contract can distribute stock tokens to arbitrary holder wallets, given that transfer screening exists, has not been verified on testnet. The chain answers and the RPC is reachable; the distribution itself is an assumption until it is tested. Everything here is downstream of that one question.
- Later is worse, by construction. Not a risk factor — the design. Section 10 is the whole of it.
- No amounts are projected. The schedule publishes rates, never sums. Any figure in dollars would be a forecast of a treasury whose future size nobody knows, and this site does not print one.
- Prices can diverge. Tokenized equities trade around the clock; the equities behind them do not. Weekend moves may be purely on-chain supply and demand.
- The contracts are unaudited. At the time of writing they are also unwritten, which is a stronger statement and the honest one.
12What you actually own
Stock Tokens on Robinhood Chain are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. They give economic exposure to a share price. They are not shares: no ownership of the company, no voting rights, no direct claim on the underlying stock. A treasury holding them holds those instruments, with the same limits.
Stock Tokens are not offered in the United States, Canada or the United Kingdom. Mediety is an independent product and is not affiliated with, endorsed by, or connected to Robinhood Markets, Inc. Nothing here is financial advice.
13The token
the token is the thing the schedule pays. Holding it, with time as the scarce input, is its whole job; burning it redeems a share of the undistributed treasury. It carries no promise of profit and no claim on anything beyond the mechanism described here — which is published, in full, including the epoch where it stops paying.
Mediety never takes custody. The distributor is non-custodial, connecting a wallet to this site is read-only, and nothing here asks for a signature or an approval.
14The Mediety loop
Someone trades → the fee buys tokenized equity → the treasury grows → the epoch closes → a fixed share is distributed by time-weighted balance → the rate halves → the next epoch pays half as much → what was never distributed stays, redeemable by burning.
No committee sets the rate. No admin can raise it. No epoch pays more than the one before it.
15The thesis in one paragraph
Mediety applies the halving to a distribution rather than an issuance. Trading fees buy tokenized equity into a treasury; a fixed share of that treasury is paid to holders each epoch by time-weighted balance; and that share halves every 90 days on a calendar fixed at deploy, with no function anywhere that can change it. The entire schedule is published from the first epoch to the one where the rate reaches zero, because a declining curve is only credible if you can see the bottom of it. What is not distributed stays in the treasury and remains redeemable by burning. It exists because the halving is the most durable idea in this industry and it has only ever been pointed at supply — and because on a chain where equities are ERC-20s, pointing it at a payout of real assets is finally possible.
16Closing
Every emission schedule ever written was a promise about the future made by someone who could change it later.
This one has no later. It halves every 90 days, and the schedule is already written.