Competition rules · Draft

How the daily rewards work.

Short and specific, so there are no surprises. These rules are a draft: stock rewards are not live, and nothing is scheduled or paid.

Draft

Not live

Nothing below applies until rewards launch. No snapshot is being taken and no prize can be claimed yet.

Fees fund the rewards

  1. Fees from $RANKFOLIO flow into the reward pool. The pool is used only to reward top-ranked traders with tokenized stocks.
  2. Prizes never come from other traders. Nobody's trades, losses or wallet fund a prize, and Rankfolio never touches anyone's FOMO account.
  3. Where the fees come from, and at what rate, is published here once it is confirmed and being collected.

The daily competition

  1. Every day at 00:00 UTC, Rankfolio saves FOMO's 24H leaderboard, read through fomoapi.io at that moment, and publishes it. The traders ranked 1 to 50 on it share that day's treasury.
  2. FOMO's 24H board is rolling: it covers the 24 hours before FOMO last calculated it, with profit and loss as FOMO reports it. Rankfolio does not recalculate anything.
  3. fomoapi.io captures FOMO's board in batches, so the board saved at midnight can be a few hours older than the snapshot. Its capture time is published with each day.
  4. If fomoapi.io cannot be reached at midnight, the snapshot is retried through the morning. If it still fails, it may be taken later that day, and it is marked late.
  5. You do not need to sign up to take part. Every trader on FOMO's board is ranked.

Shares

  1. Rank r gets (51 − r) ÷ 1,275 of the day's treasury: #1 3.92%, #2 3.84%, #3 3.76%, and a little less each rank down to #50 0.08%. The 50 shares add up to exactly 100%. How much of the treasury is paid out each day is confirmed before launch.
  2. Prizes are Robinhood Chain Stock Tokens issued by Robinhood Assets (Jersey) Limited. They are debt securities that track a share price. They are not shares and carry no shareholder rights.
  3. Which Stock Tokens the treasury pays in is confirmed before launch. What the tokens are worth afterwards goes up and down with the stock.
  4. Prizes are paid from the reward pool, and Rankfolio pays the network fee.

Claiming a prize

  1. Verify your FOMO account once, at /claim. After that, every day you place in the top 50 your share is sent automatically. A share won before you verify is kept for 30 days; after that it stays in the treasury.
  2. To prove the FOMO account is yours, you add a one-time code to its FOMO bio. Rankfolio reads the bio through fomoapi.io. You can remove the code once the claim is verified.
  3. Prizes are sent to the Robinhood Chain wallet on the winner's FOMO profile, so they show up in FOMO. Winners never type an address. If that wallet is missing, or the Stock Token registry blocks it, contact us.
  4. If your FOMO profile is private, your handle has changed since the snapshot, or the automatic check does not work for you, contact us and we will verify your claim another way.

Who can receive a prize

  1. Robinhood Chain Stock Tokens may not be offered, sold or delivered to U.S. persons, or in the United States and its territories.
  2. The issuer restricts Canada, the United Kingdom and Switzerland, and Robinhood excludes the United Arab Emirates. Residents of these countries cannot receive a prize.
  3. The issuer prohibits investors in Belarus, Cuba, Iran, Myanmar, North Korea, Russia, South Sudan, Sudan, Syria, Ukraine and Venezuela. Residents and citizens of these countries cannot receive a prize. The issuer may change this list, and Rankfolio follows it.
  4. You must be at least 18. Claims are also refused when they come from a restricted country.
  5. Rankfolio may ask for more information before sending a prize, and does not send one that it believes would break these restrictions.

Fair play

  1. Rankfolio may withhold a prize, before it is sent, if the winner is not eligible, if FOMO restricts the account or voids its results, if the ranking looks manipulated, or if a claim is false. The prize is then not awarded, and the page says so.
  2. Rankfolio is independent. It is not affiliated with, endorsed by or verified by FOMO, and FOMO has no part in these prizes.
  3. Winners are responsible for any tax on their prize.
  4. These rules can change for future weeks. A change never applies to a week already saved, and the version each winner accepts is stored with their claim.
  5. Nothing on Rankfolio is financial advice or an offer to sell securities.