The rules

Anyone can launch a coin for a live Kickstarter project. The coin is created on pons, on Robinhood Chain. Its creator-fee recipient is set, at creation, to an on-chain contract that belongs to that coin alone: its Pot. The person who launched the coin never controls those fees, and the Pot contract has no function to redirect them.

A coin is not a share of the project, not a pre-order and not an investment contract. The project's creators are not involved unless they say so themselves. Potluck is not affiliated with Kickstarter or with pons.

Every trade pays the standard pons fee. The creator side of that fee, plus a 1% creator tax on every trade, goes to the Pot — 100% of it. Buybacks are off.

Fees build up on pons and are claimed into the Pot by a permissionless claim() call, which our keeper makes every ten minutes once $5 is waiting. Potluck keeps 10% of every claim as its platform fee; the remaining 90% stays in the Pot. Both amounts appear in the coin's ledger with the transaction.

The Pot is pledged to the project on Kickstarter from our backer account. The pledge is raised whenever $50 of new value has come in, at least once a day while there is anything new, and always in the final 24 hours of the campaign.

For a pledge of a given size we pick the most expensive reward tier still in stock that fits, then fill the rest with add-ons, and pledge whatever is left without a reward. If the project is already past its goal, pledges still count — we label our share “stretch”.

To pay the pledge, funds leave the Pot through withdraw(), with a written reason, and are converted to the currency our card is charged in. Every withdrawal is on-chain and listed on the coin page. Kickstarter only charges pledges if the project is funded.

The rewards bought with the pledge are raffled among holders. The holder list is taken at the first block at or after the campaign deadline. pons contracts, the Pot, our operator wallet and wallets under 0.01% of supply hold no tickets. One whole token is one ticket; a wallet can win once per coin.

Randomness comes from drand (quicknet): the first round at or after the deadline, hashed with the token address. The inputs and a script to re-run the draw are published on each raffle page. Winners prove they own the wallet with a signature and give a shipping address, which is stored encrypted. Rewards ship when the creator ships; we pass the winner's address to the creator's backer survey, or forward the parcel.

Kickstarter never charges the pledge. Holders then have seven days to choose a new live Kickstarter project for the same Pot: any holder can propose one, votes are signed with the wallet and cost nothing, one token is one vote, quorum is 10% of supply.

With a quorum, the winning project becomes the coin's project and pledging starts again. Without one, the whole Pot is sent to a Merkle distributor and every holder in the snapshot can claim their pro-rata share.

One launch per account every 24 hours. One active coin per Kickstarter project, first come. Live projects only, with at least 48 hours left. The launcher pays a launch fee in ETH on Robinhood Chain (shown on the launch page before you pay); it is the pons launch fee, the gas of the launch transactions and the platform's fee, added up — creating a coin costs the platform nothing. The platform wallet then signs the launch, so the fee recipient is the Pot from the first block. If a launch fails after payment, the fee is kept as a credit for the next attempt.

Coins are volatile and can go to zero. pons v2 contracts are, by pons' own account, not yet fully audited, and pons' owner keeps a time-locked ability to change a coin's fee recipient. Kickstarter can cancel a pledge or a project. A funded project can ship late or never; in that case there is nothing to deliver to raffle winners. Off-ramping takes days, so the pledge on Kickstarter can briefly run ahead of, or behind, the withdrawals you see on-chain — the ledger always shows the truth of the Pot.