Docs
Risks
What can go wrong, stated plainly.
Stock tokens track an underlying asset and carry no shareholder rights. A Good made from them is no different. Holding a Chip does not make anyone a shareholder of anything.
Market risk
NAV is a floor in stock terms, not in dollars. A Good holds a fixed amount of each stock token; if those tokens fall, the Good falls with them. A premium over NAV on the secondary market can also disappear.
Contract risk
The contracts are not deployed. When they are, they hold escrowed stock tokens, and a defect in them could put those tokens at risk. Audit status will be published on the Contracts page before launch.
Liquidity and fees
Melting always works, but it costs 1.5% and returns stock tokens, not dollars. Selling on the secondary market depends on there being a buyer. Neither path is free.