What each token represents
The token you hold determines what you can trade, redeem or claim. These assets have separate rights, even when one transaction connects them.
| Holding | Rights and normal exit |
|---|---|
| Launch token | Speculative token; sell through available liquidity. No direct claim on quote assets or pool reserves. |
| Fixed Lot token | Redeem the fixed component recipe when transfers succeed, subject to rounding. |
| Dynamic Lot token — upcoming | Redeem a proportional share of current managed holdings. |
| Direct Stock Token | Issuer-defined exposure, transfers and market or issuer processes. |
| $LOTS | Protocol token with a Lot-token reward allocation; trade through available markets. No vault redemption. |
| Received reward Lot | The same redemption rights as that particular Lot token. |
| Converted recovery claim | Wallet-bound component entitlement; claim available healthy assets and later recoveries. |
Technical references call launch tokens A, Lot tokens B, and the vault contract Basket.
$LOTS and Lot tokens are different
Lots is the protocol; $LOTS is its token. Each Lot is a composition with its own vault and redeemable token. Minting or redeeming it does not mint or redeem $LOTS. “Lot tokens” is the plural, not another name for $LOTS.
The launch token trades against the Lot
Buying a launch token spends your Lot tokens into its pool. You no longer hold those Lot tokens. Getting them back requires an executable sale, whose result depends on liquidity, size, fees and signed limits. The launch token has no Lot peg, redemption floor or vault-redemption shortcut.
Upcoming creator-market rights
A Dynamic Lot manager trades within a mandate without general withdrawal rights over backing. Holders redeem current holdings, including changes since purchase.
Following a creator creates no token position. A community token grants no ownership of the person, income or portfolio. Endorsement adds no financial rights; the manager and project fee recipient can be different people.
The Lot holds stock tokens, not brokerage shares
Robinhood Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. They provide economic exposure without legal or beneficial ownership of the underlying securities. A Lot does not expand those rights. Issuer documentation.
Corporate actions can change token economics or display multipliers. A fixed Lot keeps its raw token quantities; a multiplier change is not a rebalance.
$LOTS and reward Lots are distinct
Network rewards reserve protocol Lot-token fee receipts for $LOTS holders. Each received Lot retains its own rights. Rewards come from fees, not withdrawals from backing; they do not make $LOTS or launch tokens redeemable against the contributing vaults.
A direct-stock launch skips the Lot
One eligible Stock Token can be a launch's quote directly, without a Lot wrapper, mint or redemption step. Direct-stock rotation requires the exact same stock quote, factory and chain. Similar themes do not establish compatibility.
A displayed value is not a holding
Lot tokens inside a launch pool are locked-position inventory, not your wallet balance. Market capitalization is not cash available to sellers. Holdings and discovery distinguishes wallet assets, pool inventory and recovery entitlements.