Stock-token risks

What a stock token is

A stock token is a token on Robinhood Chain that tracks a stock. It is not a share, and it carries no shareholder rights. Nothing on SNAP is financial advice.

What the issuer can do

The stock tokens’ issuer can pause, burn and blocklist them. These powers apply to stock tokens in any wallet, including yours and the vault.

• Pause. While a stock token is paused, its payouts wait and new drops of it stop. All Robinhood stock tokens share one upgradeable contract, so the issuer can change them all at once. It has happened before: all of them were paused together for about a minute.
• Burn. The issuer can remove tokens. If it burns some in the vault, the vault has less of that stock, so fewer drops of it open, some live ones come off the map, and big grades may switch off until more is bought.
• Blocklist. If your wallet is blocklisted, a payout to it shows Held. After 7 days it ends as Not sent, and the stock stays in the vault. If the vault itself were blocklisted, the stock it holds could not be recovered, not even by the vault’s owner.

Prices

A dollar value on SNAP is the value at the day’s price. It is not a promise about any future price.

Stock tokens trade on-chain around the clock, including weekends when stock markets are closed. So their price can move away from the last market close.

Not affiliated

Ticker symbols name the companies a drop refers to. SNAP is not affiliated with Apple, Tesla, NVIDIA, Amazon, Robinhood Markets or Snap Inc.