How Snow Market works

A market on Snow Market is two things: a token, and a commodity that token answers to. The token is new and its price is whatever people pay for it. The commodity is not new — it is a tokenised fund on Robinhood Chain with its own price, set by a market far larger than this one.

Pairing the two means the reward a holder earns is denominated in something that existed before the token did and will exist after it. That is the entire idea. Everything else here is plumbing.

A new market opens on a bonding curve. Buyers move along it, each one paying slightly more than the last, and nothing is listed on the open market until the curve fills. That means a market cannot be dumped into an empty book on its first minute.

When the curve fills, the market graduates: the liquidity collected moves into a standing pair, trading opens properly, and the fee split starts paying out. Graduation is the only thing that switches rewards on.

Every trade pays 1% each way. Forty percent of that goes to holders, twenty buys back $SNOWMARKET and burns it, twenty returns to the pair as liquidity, and twenty funds operations and audits.

Holder payouts are made every 15 minutes, in the paired commodity, divided by how much of the token each address holds. There is no staking step and no claim button — holding is the qualification.

Anyone can mint a token on Robinhood Chain and call it GLD. A search by symbol on this chain returns tokens named after corn priced at a fraction of a cent, and protocols that merely borrowed a commodity's letters.

So commodities here are identified by contract address, checked once by hand against the fund's own naming and its liquidity before being written into the source. A market can only be paired with something on that list. It is a short list on purpose.

Snow Market never holds a key. Connecting a wallet proves an address; it does not hand over control of anything. Every action that would move value is a transaction the holder signs themselves, and there is no step at which funds sit in an account this project controls.