What StockFun is not

This page states what the product does not do. It matters as much as the rest, and it is written with validated wording.

The token gives no right over the vault

You hold a memecoin. The market's vault buys tokenized stocks, issued by Robinhood and not available to US persons, and distributes them to holders at each airdrop.

There is no withdrawal right on the vault, no buyback right, no shareholder right, and no relationship between holders and the issuer. StockFun itself has no relationship with the issuer: vaults buy these tokens on open secondary pools.

The airdrop is not a yield

It distributes the stocks the treasury bought with trading fees, nothing more. Its amount depends on past volume, not on a rate. It may be zero, and no future amount is promised.

Nothing in the protocol buys to defend a price.

The treasury is not immutable

This sentence changed on 2026-08-29 and it matters.

Assets are held by the market's vault and governed by its rules. The StockFun team can move a treasury's assets in an emergency, after a public 48-hour delay.

Since 2026-10-05 the delay in this sentence no longer exists: the team can move a treasury's assets at once, without notice. The sentence is to be revised, and its new wording validated. Other powers go beyond it. Since 2026-09-28 the team holds the LayerZero configuration of the airdrop's stock adapters without delay, with no cap on withdrawals. Since 2026-10-02 the team can upgrade every vault, like every module but the tokens and the liquidity lock, and an upgrade takes effect at once. Since 2026-10-05 every number of the protocol, from the fee to the vaults' price bounds, is a setting the team changes at once.

Before 2026-08-29 the product said "nobody can touch the treasury". It was true, and it was untenable: a stuck bridge, a lost message or a contract bug meant funds lost with no recourse.

The protocol is therefore not trustless, not non-custodial, and the treasury is not immutable. Those three phrases are banned from all project communication. Detail in Emergency mode and Trust model.

The liquidity is not locked forever

Since 2026-10-02 the liquidity lock has an end mode. StockFun's owner can announce it publicly and, 30 days later, recover the whole liquidity of every pool, to any address; the pools keep trading until then. It exists for the case where the project shuts down, and the 30 days are the holders' notice. The lock itself cannot be upgraded: see Trust model.

This is not an investment

StockFun is a memecoin launchpad. The treasury mechanism makes tokens more interesting to look at, not less risky to hold. A round trip costs 9.75 % at the default fee, before the price moves at all.

Vocabulary the project never uses

backed · stock-backed · floor · dividend · redeemable · shareholder · guaranteed · yield · APY · investment · non-custodial · trustless · immutable treasury

This is not a style preference. It is a constraint. pnpm audit:copy, run on demand, checks every word above except investment, non-custodial, trustless and immutable treasury, and fails on a single occurrence; review covers the rest.