Frequently asked questions
Direct answers to the questions that come up most often.
Direct answers to the questions that come up most. If something here conflicts with a dedicated page, the dedicated page is more precise.
Getting started
What do I actually have to do?
Buy $SWA, hold it to earn packs, connect your wallet, and open packs on the homepage. Each open rolls a fractional pool position you can sell after 30 minutes or keep for dividends.
Is there a minimum to participate?
No minimum enforced by the protocol. In practice, very small balances receive distributions so small that accumulated dividend balances take a long time to cross the payout threshold described in Dividends.
Do I need to connect a wallet to this site?
Connect a wallet on the homepage to check unopened packs and open them. Pack balances shown today are demo inventory until live contracts are published; browsing the pool, fees, and explorer still works without connecting.
Why did my swap fail?
Almost always slippage tolerance set below the 3% tax. Raise it to 4–6% and retry. See Tax.
Airdrops and positions
Do I get one random stock, or a bit of everything?
Packs open with a roll: each open reveals one pool ticker (for example 100 NVDA ≈ $1 of $SWA supply if redeemed). Holding $SWA earns packs over time; opening them is how positions arrive in the claim interface. See Airdrops.
When can I sell supply from an opened pack?
Thirty minutes after you open a pack. Until then the position is locked; after unlock you can redeem/sell for $SWA supply or keep holding for dividends. See Redeem vs hold.
How is my share calculated?
Your weight divided by total eligible weight. Weight is driven by your $SWA balance today; a hold-time component is designed but not yet live. See Airdrops.
How much does holding longer increase my airdrops?
Holding longer will earn you more airdrops and more stocks — that direction is committed. The thresholds, the curve, and the maximum are not finalised and not published. Anyone quoting you a specific multiplier is guessing.
Do my positions expire?
No long-term expiry or decay. The only timed gate is the 30-minute sell unlock right after you open a pack. After that, a position behaves the same on day one and year three.
Can I choose which stocks I receive?
No. Composition follows the pool, weighted by backing. You can choose what to keep — redeeming selectively is how you shape your holdings.
Redeeming and holding
Can I sell a position and keep the dividends?
No. Redemption returns the position to the pool, and the dividend stream goes with it. That trade-off is the core decision — see Redeem vs hold.
Which is better, redeeming or holding?
Neither dominates. Redeem for liquidity, if you doubt the payout, or to rebalance. Hold for income and to build the index. Most participants end up doing both across different positions.
What happens if I redeem right before a dividend?
You forfeit it. Entitlement is fixed on the record date and follows the position. The interface does not currently warn you about this.
Fees and costs
What exactly is the tax?
3% on every buy and 3% on every sell, applied at the contract level. Final and not subject to change without notice.
Where does the 3% go?
Stock acquisition, airdrop funding, and protocol operations. The proportional split between those three is not finalised, so no breakdown is published anywhere on this site. See Tax.
Is there an annual management fee?
No. The protocol charges on transactions, not on assets. A holder who buys once and never trades again pays 3% total and nothing thereafter.
Am I taxed when I move tokens between my own wallets?
Not by the protocol — a transfer is not a trade. Your national tax authority may take a different view of your overall activity; that is between you and them.
The stocks
Do I own real shares?
No. Positions are synthetic exposure. You are not on any issuer's share register, hold no voting rights, and have no direct claim against the company. This is important — read Risks.
Can I vote in shareholder meetings?
No.
What if a company cuts its dividend?
The income from that position falls or stops. A suspension makes the position a candidate for removal from the pool, but nothing already distributed is clawed back. See The pool.
What if a company is acquired or delisted?
The position exits the pool and proceeds are recycled into the treasury for redeployment. Holders of distributed fractions are handled according to the terms of the corporate action.
Why only dividend payers?
A non-paying position produces no income, which collapses the redeem-or-hold decision into a pure price bet and removes the reason to hold. The dividend is the product.
Practical
Where can I verify all this?
The Explorer logs every event with a transaction hash, and the Fees page shows collection with the taxed volume it was derived from. The chain is the source of truth; this site is a view over it.
Is the contract audited?
Audit status is published alongside the contract address. An audit reduces smart contract risk but does not eliminate it.
How do I avoid buying a fake token?
Verify the contract address against this site and the official social accounts before every purchase. Impersonation is the most common way people lose money at launch.
Do you provide tax documents?
No. The protocol does not withhold tax, does not issue statements, and cannot advise you. Keep your own records.
Is this financial advice?
No. Nothing on this site is financial, tax, or legal advice, an offer to sell securities, or a solicitation to buy them.