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SpaceEggs

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Epoch: in progress · Closes: 00:00 UTC · EXAMPLE

T−05:27:45

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Overview

SpaceEggs runs one loop. Nothing has been deployed. Items marked [TBD] will be confirmed before launch.

All times are in UTC.

$SEGGS is traded. Trades pay a 6.9% fee.

All of the trading fee is used to buy SPCX.

SPCX is paid out to SpaceEgg holders.

A SpaceEgg is a soulbound NFT. You get one by wrapping 100,000 SEGGS.

Each epoch runs 24 hours, from 00:00 to 00:00 UTC. A SpaceEgg earns for every full epoch it stays wrapped. There is no separate step.

Each epoch's fees are spread over four epoch pots: 40% to that epoch's pot, then 30%, 20% and 10% to the next three. Each pot is shared equally by the SpaceEggs wrapped through that epoch.

Holders claim from the dApp.

Holding $SEGGS on its own does not earn SPCX. Only SpaceEggs earn.

Terms

$SEGGSThe SpaceEggs token.

SpaceEggA soulbound NFT that holds 100,000 wrapped SEGGS and earns SPCX. Plural: SpaceEggs.

SPCXTokenized SpaceX exposure. The asset that fees buy and holders receive.

WrapLock 100,000 SEGGS to mint one SpaceEgg.

UnwrapBurn a SpaceEgg to get 90,000 SEGGS back. The other 10% is the unwrap fee.

EpochOne payout period: 24 hours, from 00:00 to 00:00 UTC.

Epoch closeThe end of an epoch, at 00:00 UTC. Qualifying SpaceEggs are counted and the epoch's pot is assigned.

PotThe SPCX paid out at an epoch's close. Each epoch's fees are spread over four epoch pots: 40% to that epoch's pot, then 30%, 20% and 10% to the next three.

Claim deadlineThe time limit for claiming your share of a pot, counted from the close that assigned it. Unclaimed SPCX past the deadline can be swept.

MoonbaseThe allocation of $SEGGS that funds the Genesis sale.

FuelThe trading rewards allocation of $SEGGS, paid as a separate daily claim to qualifying traders.

$SEGGS

Supply

Total supply: 1,000,000,000 SEGGS. The supply is fixed at launch. [TBD: confirm no further minting.]

Allocation

Supply is split between four allocations.

MoonbaseGenesis sale. 10% (100,000,000 SEGGS).

FuelTrading rewards. 45% (450,000,000 SEGGS).

Liquidity poolTrading liquidity. 40% (400,000,000 SEGGS). Details [TBD].

TeamTeam allocation. 5% (50,000,000 SEGGS).

The team allocation is not vested. The team may wrap some of it into SpaceEggs, which earn the same as any other SpaceEgg.

Trading fee

Trades of $SEGGS pay a 6.9% trading fee. All of it is used to buy SPCX for SpaceEgg holders. No part of the fee goes anywhere else.

The rate can be changed later. Any change goes through a 12-hour public timelock and cannot take the rate above 10%.

Maximum rate: 10%. The fee can never be set above this. Same rate on buys and sells: yes.

SEGGS can't be sent wallet to wallet. It moves through the SpaceEggs pool, wrapping and unwrapping. The trading fee and the launch tax apply only to swaps in the SpaceEggs pool.

Launch tax

When trading opens, a launch tax applies to buys and sells. It starts at 99% and comes down in a straight line to the 6.9% trading fee over 30 minutes. All of it is used to buy SPCX for SpaceEggs, the same as the trading fee. The current rate is shown in the dApp at all times.

The token that fees buy can be changed for future fees. See Controls.

Contract address

$SEGGS and the SpaceEggs contracts run on Robinhood Chain.

The $SEGGS contract address will be published here and on official channels after deployment and verification. Do not trust an address from any other source.

Contract address: [TBD]

Genesis sale

The Genesis sale is the first way to get SEGGS, before trading opens.

Spots1,000. Each spot costs $69, paid in ETH.

LengthThe sale runs for 3 hours.

ETH priceSet and published shortly before the sale opens. It stays fixed for the whole sale.

Who can buyWhitelisted wallets only. Each whitelisted wallet can buy 1 spot.

Per spot100,000 SEGGS, claimed from the sale contract.

Before openYou can wrap Genesis SEGGS into a SpaceEgg so it earns from epoch 0. A SpaceEgg minted from Genesis SEGGS works like any other SpaceEgg.

BadgeAny SpaceEgg minted before epoch 0 starts gets a cosmetic Genesis badge. It earns exactly like any other SpaceEgg.

SourceThe Genesis SEGGS come from the Moonbase allocation.

Times17:00 to 20:00 UTC. Claiming and minting open at 21:00 UTC the same day.

Last callFrom 23:45 UTC, the site counts down to trading. Claiming and wrapping stay open. Only SpaceEggs minted before 00:00 UTC get the Genesis badge and earn from epoch 0.

Epoch 0Trading opens at 00:00 UTC. Epoch 0 starts at the same time. A launch tax applies for the first 30 minutes of trading.

Date[TBD]

US personsNot available to US persons.

Fuel

Fuel is a daily SEGGS reward for traders. It is paid from the Fuel allocation and is separate from SpaceEgg rewards.

Only buys of $SEGGS in the SpaceEggs pool count. Sells do not count.

Any address with more than 1% of an epoch's buy volume can claim Fuel for that epoch.

Volume is counted per epoch, from 00:00 to 00:00 UTC.

Fuel is shared between qualifying addresses in proportion to their buy volume.

Buy through the SpaceEggs site or the Uniswap app. Other routes may credit the router contract instead of your wallet. [TBD: confirmed router list]

Fuel per epoch10,000,000 SEGGS, the same every epoch.

How long Fuel runs45 epochs, starting at epoch 0. That uses the full 450,000,000 SEGGS Fuel allocation.

Limit per addressNone.

Limit tied to fees paidNone.

VestingNone. Fuel can be claimed in full straight away.

SpaceEggs

A SpaceEgg is an NFT that holds 100,000 wrapped SEGGS. It is the only way to earn SPCX. There is a hard cap of 10,000 SpaceEggs.

Getting a SpaceEgg

Wrap 100,000 SEGGS in the dApp. The SEGGS is locked, and one SpaceEgg is minted to your wallet. It starts counting toward the next epoch straight away. There is no separate step. You can wrap up to 50 SpaceEggs in one transaction. Up to 50 SpaceEggs per transaction.

Once 10,000 SpaceEggs exist, no more can be minted.

SpaceEggs per wallet: [TBD]. Whether an unwrapped SpaceEgg frees a place under the cap: [TBD].

Soulbound

A SpaceEgg stays in the wallet that wrapped it. It cannot be sold or listed. The only exit is to unwrap.

If you lose access to your wallet, the SpaceEgg cannot be moved to a new one. [TBD: confirm no recovery path.]

Eligibility

To earn an epoch's SPCX, your SpaceEgg must be wrapped before that epoch starts and stay wrapped until the next epoch starts. Wrapping part-way through an epoch does not count for that epoch. Unwrapping part-way through an epoch gives up your share of that epoch.

Example: you wrap during epoch N. Your SpaceEgg earns nothing for epoch N. It earns epoch N+1 if it is still wrapped when epoch N+2 starts.

This stops anyone from entering just before a close and leaving straight after.

Each epoch runs 24 hours, from 00:00 to 00:00 UTC. Epoch 0 starts when trading opens. Minimum hold: one full epoch.

Unwrapping

Unwrapping burns your SpaceEgg and returns 90,000 SEGGS. The unwrap fee is 10%. All of it is used to buy SPCX.

Unwrapping during an epoch means that SpaceEgg gets no share of the current epoch's pot or any later one. Those shares go to the SpaceEggs still wrapped. SPCX from epochs already closed stays claimable until its claim deadline.

Each epoch has one pot. Every SpaceEgg wrapped through that epoch gets an equal share of it. Nothing is held per SpaceEgg.

You can unwrap up to 50 SpaceEggs in one transaction. Before you confirm, the dApp shows the total SEGGS you will receive (90,000 per SpaceEgg), and for each SpaceEgg, the current epoch's share it gives up and the SPCX that stays claimable.

On the egg

SPCX earned, and since (when it was wrapped). Since format: [TBD].

SPCX payouts

SpaceEggs rewards are paid in SPCX, a tokenized debt security issued by Robinhood Assets (Jersey) Ltd that gives economic exposure to SpaceX shares. Holding SPCX does not make you a SpaceX shareholder and gives no voting or other shareholder rights. The issuer can pause transfers, burn tokens and blocklist wallets, which can delay or block rewards with no action from SpaceEggs. If SPCX becomes unusable, SpaceEggs will look for alternatives and may point future buybacks at a different liquidity pool or tokenized stock. That applies to future fees only. SpaceEggs is not affiliated with, endorsed by or sponsored by SpaceX or Robinhood. SpaceEggs and SPCX rewards are not available to US persons or in other restricted jurisdictions. Nothing here is financial advice.

Buyback

During an epoch, fees accumulate. At the epoch close, they are used to buy SPCX. That SPCX is spread over four epoch pots.

Buyback execution and price protection: [TBD]. Handling of a failed or delayed buyback: [TBD].

The multisig can change the buyback, including the token it buys, through a public timelock. A change applies only to fees collected after it takes effect.

Epoch close

At the close of each epoch, that epoch's pot is assigned to the SpaceEggs that were wrapped for the whole epoch, from before it started until the close. SpaceEggs wrapped during the epoch qualify from the next epoch onward. SpaceEggs unwrapped during the epoch do not qualify for it. The site shows a countdown to the next close.

Each qualifying SpaceEgg receives an equal share of the pot.

Close time: 00:00 UTC. Who triggers the close: [TBD].

Epoch pots

Each epoch's fees are spread over four epoch pots: 40% to that epoch's pot, then 30%, 20% and 10% to the next three.

40%

30%

20%

10%

Pot NEpoch N's own pot

Pot N+1Next epoch's pot

Pot N+2Second epoch after

Pot N+3Third epoch after

So each pot holds 40% of the current epoch's fees, plus 30%, 20% and 10% of the fees from the three epochs before it.

Who qualifiesSpaceEggs wrapped before epoch N opened at 00:00 UTC and still wrapped at its close.

SplitEach pot is shared equally by the SpaceEggs wrapped through that epoch. Nothing is held for a single SpaceEgg. Once a pot is assigned at the close, your share is claimable straight away.

Claiming

Open the SpaceEggs dApp. Official URL: [TBD]

Connect the wallet that holds your SpaceEgg.

Review your claimable SPCX.

Select Claim and confirm in your wallet. You pay the network fee.

Claiming for several SpaceEggs in one transaction: up to 50 per transaction. Claim deadline: [TBD].

Each pot share has a claim deadline, counted from the close that assigned it. After the deadline, unclaimed SPCX can be swept to the project multisig.

All figures in the dApp are read from onchain data. Any projection is labelled as a projection. Public per-epoch record: [TBD].

Controls

The project multisig cannot move wrapped SEGGS, SpaceEggs, or SPCX that is still within its claim deadline.

Each pot share has its own claim deadline, counted from the close that assigned it. After the deadline, unclaimed SPCX can be swept. A sweep can only touch unclaimed SPCX past its deadline. It never touches SEGGS, SPCX in a pot that has not closed, or SPCX still within its deadline. Swept SPCX goes only to the project multisig. Every sweep goes through a public timelock, so holders can see it and claim first. The deadline is fixed at deployment. It can never be shortened.

Claim deadline: [TBD]. Sweep timelock: 12 hours.

Custody and buyback

The contracts that hold wrapped SEGGS and SPCX already owed to holders cannot be changed.

The buyback turns fees into rewards. The multisig can change it, including the token it buys, the route, the price source and the trading fee rate. Every buyback change goes through a public timelock. A change applies only to fees collected after it takes effect. SPCX already bought stays claimable as SPCX. If the reward token changes, rewards in each token are tracked and claimed separately.

Upgrade timelock: 12 hours. Pause controls: [TBD].

FAQ

What is SpaceEggs?

A token, $SEGGS, and a soulbound NFT, the SpaceEgg. Trading fees buy SPCX, and SPCX is paid out to SpaceEgg holders.

Do I earn by holding $SEGGS?

No. Only SpaceEggs earn SPCX. Wrap $SEGGS to get one.

How much $SEGGS does one SpaceEgg take?

100,000 SEGGS. Wrapping 100,000 SEGGS mints one SpaceEgg.

How many SpaceEggs can exist?

10,000. This is a hard cap.

Where do I get $SEGGS?

In the Genesis sale, or by trading once trading opens. [TBD: official pool link]

Which wallet and network do I need?

A wallet connected to Robinhood Chain. [TBD: supported wallets]

Can SEGGS move from one wallet to another?

No. SEGGS can't be sent wallet to wallet. It moves through the SpaceEggs pool, wrapping and unwrapping.

Can a SpaceEgg move to another wallet?

No. A SpaceEgg stays in the wallet that wrapped it. It cannot be sold or listed. The only exit is to unwrap.

What is Fuel?

A separate daily SEGGS reward for traders. Each epoch, 10,000,000 SEGGS of Fuel can be claimed by addresses with more than 1% of that epoch's buy volume, shared in proportion to buy volume. Fuel runs for 45 epochs from epoch 0, with no vesting.

Are the team's tokens vested?

No. The team allocation, 5% of supply, is not vested.

Is there a step after wrapping?

No. A wrapped SpaceEgg counts toward the next epoch on its own.

When does my SpaceEgg start earning?

From the first epoch that starts after you wrap it. If you wrap during epoch N, it can earn from epoch N+1 onward.

How long must my SpaceEgg be wrapped to qualify?

One full epoch. It must be wrapped before the epoch starts and stay wrapped until the next epoch starts.

What if I unwrap during an epoch?

What if I wrap just before an epoch closes?

It earns nothing for that epoch. It qualifies from the next epoch onward.

What does unwrapping cost?

10%. Unwrapping one SpaceEgg returns 90,000 SEGGS. All of the fee is used to buy SPCX.

What if I lose access to my wallet?

Your SpaceEgg cannot be moved to a new wallet. [TBD: confirm no recovery path]

When does an epoch close?

At 00:00 UTC. Each epoch runs 24 hours, from 00:00 to 00:00 UTC.

When can I claim?

After each epoch close. Your share of that epoch's pot becomes claimable straight away.

Why are fees spread over four pots?

Each epoch's fees are spread over four epoch pots: 40% to that epoch's pot, then 30%, 20% and 10% to the next three. So each pot holds fees from four epochs, and each pot is shared equally by the SpaceEggs wrapped through that epoch.

Do I have to claim every epoch?

No. Your SPCX stays claimable until its claim deadline. Each pot share has its own deadline, counted from the close that assigned it. [TBD: deadline length]

What happens to SPCX I never claim?

After the claim deadline, it can be swept to the project multisig. Every sweep goes through a public timelock, so you can see it coming and claim first. The timelock is 12 hours.

Who pays the gas for a claim?

You do. The claim is a transaction from your wallet.

Can I see how much SPCX was bought?

[TBD]

What is SPCX?

A tokenized debt security issued by Robinhood Assets (Jersey) Ltd that gives economic exposure to SpaceX shares. Holding SPCX does not make you a SpaceX shareholder and gives no voting or other shareholder rights.

Is SpaceEggs affiliated with SpaceX?

No. SpaceEggs is not affiliated with, endorsed by or sponsored by SpaceX or Robinhood.

Where is the official contract address?

On this page and official channels, after deployment and verification. [TBD]

Have the contracts been audited?

[TBD]

Can the team move my SEGGS or SPCX?

No. The multisig cannot move wrapped SEGGS, SpaceEggs, or SPCX that is still within its claim deadline. The only exception is the sweep of expired, unclaimed SPCX described above.

Can the contracts be changed?

The contracts that hold wrapped SEGGS and SPCX already owed cannot be changed. The buyback can be changed by the multisig, including the token it buys and the trading fee rate, through a public timelock. Changes apply only to fees collected after they take effect. SPCX already bought stays claimable as SPCX. The timelock is 12 hours, and the fee rate can never go above 10%.

Can the contracts be paused?

[TBD]

Will SpaceEggs ever message me first?

No. Treat any direct message offering help, links or airdrops as a scam.

Can US persons take part?

No. SpaceEggs is not offered to US persons.