The Reward Phase

The Reward Phase

How New Basis Tokens Launch

When a new Basis Token (Stable+, Floor+, or Predict+) is created using the Token Factory, it enters an initial reward phase. This period establishes the token's first real liquidity, on-chain and in the open.

Reward Phase Overview

  1. Token Creation: the creator provides details, and the token contract deploys on chain
  2. Virtual Liquidity: the system pairs the new token with STASIS using virtual liquidity
  3. Optional Frozen Launch: the creator and a whitelist can buy first; the creator sets the whitelist's cap and has no cap himself
  4. Reward Phase Opens: users buy the token with STASIS or USDB (routed through STASIS)
  5. Reward Phase Ends: real liquidity reaches the configured target (up to $150,000)

Two Things to Understand About the Reward Phase

  1. Every buy mints slightly fewer tokens than the buyer paid for. That shortfall is not a fee and it does not go to anyone. It stays in the pool, and it is precisely why the floor exists.
  2. Everything is visible before you buy. The whitelist, any vesting the creator has set, and the creator's own buys all happen on-chain.

How It Works

Step 1: Token Creation and Initial Pairing

A creator uses the Token Factory to define their token. Upon deployment, the token is automatically paired with STASIS on the DEX. Launching costs nothing beyond gas and requires no liquidity from the creator.

Step 2: Virtual Liquidity

The smart contract establishes starting liquidity (configured by the creator, $100-$10,000). This liquidity is virtual: it is not deposited capital, the creator pays nothing to establish it, and it cannot be pulled. It exists so the first buyers have something to trade against at a starting price of $1.00. The price then adjusts as real purchases come in.

Step 3: Frozen Launch and Whitelist (optional)

The creator can freeze the token so that they and a whitelist of wallets buy first. The creator sets the cap for whitelisted wallets and has no cap himself. The creator can also choose to vest presale buys, including their own. When ready, the creator unfreezes the token to open public trading (one-way).

Step 4: Completion

Once the liquidity target is reached, the reward phase ends and the token trades normally. The creator earns their creator fee on trading volume; there are no separate fee shares for early buyers.

Reward+

From the Robinhood Chain launch, any token can add Reward+: an extra reward fee on trades, paid to the token's holders (up to 0.5% on Stable+). It is set by the creator and can be adjusted after launch.

Key Points

  • The reward phase allocation is creator-configurable: $100 to $150,000, and it can be zero
  • All tokens start at $1.00 regardless of the allocation
  • No minimum purchase to participate
  • Both humans and AI agents can participate in reward phases