LAST UPDATED 2 SEPTEMBER 2026
Terms
These terms govern use of the Hooded Phantoms website and voluntary interactions with the Hooded Phantoms contracts.
Using the application
You are responsible for your wallet, private keys, approvals, network selection, transaction details, taxes, and compliance with laws that apply to you. You must not use the application where doing so is prohibited.
Digital collectibles
A Hooded Phantom is a transferable blockchain token and associated artwork. Ownership does not create equity, a debt claim, governance rights, guaranteed utility, guaranteed liquidity, or a promise of profit. Product features may change as the project develops.
Current-holder airdrop
A fixed Robinhood Chain snapshot determines the holder airdrop. Each wallet receives half its recorded Hooded Phantom balance rounded up: for example, 1 receives 1, 3 receives 2, and 10 receives 5. The airdrop is delivered to the snapshotted wallet before GTD opens, does not transfer with an NFT after the snapshot, costs the recipient 0 ETH, and remains subject to collection supply.
Sold-out Genesis mint
The completed phase-1 list combined the supplied GTD wallet list with every snapshot holder wallet. Each eligible wallet could mint at most 10 during the one-hour GTD phase. Phase 2 was public for 72 hours with a fresh maximum of 22 per wallet. Both phases cost 0.00001 ETH per Phantom, plus network gas. All 2,222 Genesis Phantoms have now been minted and the website mint flow has been retired.
OpenSea and secondary trading
Hooded Phantoms does not operate its own marketplace. Secondary trading links lead to OpenSea, an independent third-party service with its own terms and risks. OpenSea creator earnings are configured and enforced on-chain at 10%: 7.5% is shared among active Phantoms, with higher tiers receiving a larger relative share, and 2.5% goes to treasury. Buyers and sellers remain responsible for checking the NFT, counterparty, price, creator earnings, attached value, approvals, and transaction before confirming.
$PHTM and activation
$PHTM is a transferable project token launched through Pons. Burning $PHTM can activate one or several owned NFTs, change an active original Phantom's future reward choices, increase its reward tier, or pay for a merge. Each activation requires three different supported reward-asset choices and burns 100,000 $PHTM; a batch transaction aggregates the burn but does not reduce the per-Phantom cost. A target-tier upgrade burns the difference between the Phantom's current cumulative burn and the selected higher threshold. Changing the choices burns another 100,000 $PHTM without increasing tier progress or reward weight. Previously earned ETH and selected reward tokens stay claimable; only future creator-fee rewards follow replacement choices. Merged children cannot replace their inherited reward portfolios. The active-holder share of Pons creator fees is converted through configured on-chain pools according to each active Phantom's onchain reward profile; merged profiles can contain stacked inherited choices. Burned tokens cannot be recovered. $PHTM and reward assets have no guaranteed price, liquidity, utility, reward, or market.
Stock Token eligibility
Robinhood Stock Tokens are third-party tokenized debt securities subject to issuer terms and jurisdiction restrictions. They are not available to U.S. persons and may be restricted elsewhere. By selecting Stock Tokens, you confirm that you are eligible to receive and hold them, are outside every jurisdiction that prohibits the transaction, and have reviewed the issuer disclosures at docs.robinhood.com/rhj. Hooded Phantoms does not determine your legal, tax, or regulatory eligibility.
Balances and rewards attached to a Phantom
Every Phantom has a built-in wallet that follows the ERC-6551 standard. The current NFT owner controls it through the wallet that owns the Phantom. Supported assets, claimed ETH rewards, tier progress, reward choices, active or inactive status, and unclaimed rewards stay attached until the current holder withdraws or changes what the contracts permit. Selling or transferring the NFT gives the new owner control of everything still attached, and an active Phantom remains active. Displayed amounts can change and do not guarantee value or returns.
Merging
A merge is permanent. The sequential 1+1, 2+1, and 3+1 steps burn 75,000, 150,000, and 250,000 $PHTM. The final four-parent form therefore costs 475,000 $PHTM in total, and a 2+2 shortcut is not allowed. The transaction moves ETH, supported ERC-20 balances, reward history, and unclaimed rewards from both parents into one child before burning the parent NFTs. This lowers the active NFT supply by one. If a parent holds an ERC-20 that is not on the supported list, its contract address must be entered before the merge. A contract cannot find unknown token balances automatically. You must own both parents, and neither may have an unresolved listing in the retired legacy marketplace contract.
Fees, creator earnings, and finality
You pay the network fees shown by your wallet. The official Pons V2 $PHTM market charges a 6.9% total trading fee. The distributable creator-fee proceeds accrue in Pons' FeeEscrow. When claimed by the Hooded Phantoms FeeRouter, 70% is routed through active Phantom reward profiles and 30% goes to treasury. OpenSea creator earnings remain separate ETH rewards and follow the 7.5% holder and 2.5% treasury split described above. Claim all can process safely collectible distributions before claiming every owned Phantom, and a successful call starts a five-minute wallet cooldown. Blockchain transactions are generally irreversible after confirmation.
Upgradeable contracts
The contracts use owner-controlled UUPS proxies. The owner can install new implementations that change behavior, controls, or economics. Proxy addresses can remain the same after an upgrade. Users must review current verified implementations and ownership before interacting.
No warranty
The website and contracts are provided as available, without a promise that they will be uninterrupted, error-free, secure, or suitable for a particular purpose. Smart-contract, token, oracle, API, wallet, infrastructure, regulatory, and market risks remain with the user to the fullest extent permitted by law.
Changes and precedence
These terms may be updated by publishing a revised version and date. Deployed contract state controls transaction execution where website copy conflicts with the code. The Privacy Notice forms part of these terms.