How Namedrop works

Namedrop is a fee bridge that never holds the fee. A coin launched on the venue points its creator fees at a vault belonging to one X account. Trading accrues those fees, anyone can pull them into the vault, and 80% is credited on-chain in that account's name. The remaining 20% goes to the protocol treasury in the same transaction.

The named account is not asked first. There is nothing to sign up for and no wallet required, so a balance can appear for an account that has never heard of us. Nothing about it expires.

Nothing has launched yet. The board opens empty, and any contract address claiming to be $DROP today is fake.

Namedrop is an independent protocol. It is not affiliated with, endorsed by, or integrated with X Corp, Robinhood, or the launch venue. A social account is simply the name a balance is recorded under; being named creates no relationship with us and no obligation on the account.

A Namedrop coin charges 3% per trade. That is not one fee but two: the venue's own 1% base fee, which it does not let a launcher change, plus a 2% creator tax that sits on top of it.

The two are treated differently. The venue keeps 30% of its base fee and none of the creator tax — its own contract states that the tax is charged on top of the base fee and paid to the creator in full. That is the only reason 3% reaches the vault as 2.7% rather than 2.1%.

The split is read at pull time and applies to every vault identically. It can be raised in favour of the recipient but the contract will not accept a value below 50%.

Each account has exactly one vault, at an address derived from that account's permanent numeric id rather than from the @handle string. Handles are rentable; if the address came from the text, anyone could rename themselves into a freed handle and take the balance. The numeric id survives every rename.

Because the address is deterministic it can be computed before the vault is deployed, so a launch can name it the same second. Several coins launched for the same account all feed the same balance.

Money leaves a vault three ways, and there is no fourth:

claim(asset, to)        the bound account signs and picks the destination
claimWithSig(...)       the account signs, anyone may submit it and pay the gas
push(asset)             anyone may call it; the destination is the bound address
                        and is NOT a parameter

The contract contains no settlement function, no rescue, no sweep, no expiry, no administrative withdrawal, no pause, and no upgradeable proxy. That absence is the product.

Creator fees do not arrive continuously. They accrue at the venue and are credited to the vault's address, where they wait until someone pulls them. A keeper checks every ten minutes and, once the total across all vaults crosses a small threshold, pulls them in a single batched transaction.

The threshold is measured on the sum, not per vault, so a small account rides along with a large one and is never stranded. Pulling is permissionless: if we disappear, anyone can move every balance out of the venue's escrow and into the vaults it belongs to.

Inside the pull, the recipient's share is credited before the protocol's cut is forwarded. A treasury that refuses its money can only defer its own share; it can never block, delay or reduce a recipient's credit.

No on-chain method can prove an address belongs to a given account. An oracle is unavoidable, and we are it. Rather than pretend otherwise, the step is made impossible to perform quietly.

Signing in with X opens a bind request that emits a public event. The account's own page immediately shows a banner naming the pending address, and the request cannot execute for 48 hours. Anyone watching — including the person whose name is on the page — has two days to object before a single cent can move. The window cannot be shortened.

The balance is already yours and nothing is required of you. It does not expire, it cannot be revoked, and receiving it makes you neither a customer of Namedrop nor a promoter of the coin that named you.

• —You are posted about once per milestone, never once per claim.
• —Claiming is free and gasless. A relayer covers the transaction.
• —You may redirect a coin's future fees away from Namedrop entirely.
• —Money received may be taxable to you. Nothing here is tax advice.

Anyone can be named without being asked, which makes an exit ramp a launch requirement rather than a later feature. Sign in with X, or write from the account, or provide reasonable proof that you control it.

• —Requests are honoured within 7 days.
• —The handle comes off the board and is blocked at the launch input.
• —The keeper stops pulling fees for coins that name it.
• —Anything already credited stays yours to withdraw, opt-out or not.

The venue's owner can reroute any coin's creator fee recipient after a three-day timelock, and the current recipient cannot veto it. This applies to every coin on the venue, including ours. We did not design it and cannot disable it.

• —Deciding which address belongs to a given account is done by us. The public 48-hour window bounds the damage; it does not remove the trust.
• —3% is expensive for traders against a 1% default. It exists so the named account's share is worth noticing.
• —Most coins earn almost nothing. This is a power-law product.
• —Balances for accounts that never claim sit on-chain forever. That is the cost of the promise.
• —Smart contracts can contain defects. Token values can go to zero.