LAST UPDATED 19 AUGUST 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.
Original-holder mint benefit
The fixed pre-deployment snapshot of holders of the original Hooded Phantoms collection determines eligibility and allocation. Directly held tokens are attributed to their wallet owner. Tokens held by the original project staking contract are attributed to the depositor recorded by that contract at the same snapshot block; the staking contract itself is excluded. An eligible address receives one free Hooded Phantoms mint per recorded NFT, capped at five free mints per beneficiary wallet, and a 25% discount on additional mints during the free mint phase. An eligible AGW holder may prove control with a gasless signature and permanently link its complete allocation to one Robinhood wallet before any of it is used. Each eligible address and each receiving wallet can participate in only one such link.
GTD applications
A GTD application is a request for review, not automatic access. Only wallets included in the final on-chain GTD allowlist can mint during the GTD phase. GTD uses the regular mint price and is subject to its recorded allocation, the remaining collection supply, and the wallet limit.
Marketplace
The marketplace does not take custody of listed NFTs and settles sales in ETH. Sellers set their own prices and approve the marketplace contract before listing. The official marketplace deducts a 10% royalty from each completed sale: 7.5% is shared among active Phantoms, with higher tiers receiving a larger share, and 2.5% goes to treasury. The seller receives the remaining 90%. Another marketplace may not collect this royalty. Buyers are responsible for checking the NFT, seller, price, royalty, attached value, and transaction before confirming. Listings can become stale after ownership or approval changes.
$PHTM and activation
$PHTM is a transferable project token with a fixed genesis supply. Burning $PHTM can activate an NFT, increase its reward tier, or pay for a merge. Activation requires three different supported Robinhood Stock Token choices. $PHTM buy-fee rewards remain $PHTM. The active-holder share of $PHTM sell fees is converted through configured on-chain pools and split equally across those choices. Burned tokens cannot be recovered. $PHTM and stock rewards 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 and $PHTM rewards, tier progress, and unclaimed rewards stay attached until the current holder withdraws or changes them. Selling or transferring the NFT gives the new owner control of everything still attached. Active reward status resets after a transfer. 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 active marketplace listing.
Fees, royalties, and finality
You pay the network fees shown by your wallet. Early $PHTM buys can include a visible launch tax that is sent directly to the fixed deployer wallet. It ends at the configured $250,000 FDV snapshot or after six hours. The normal $PHTM trading fee is 1%. A buy collects that fee from the $PHTM output and keeps its 80% active-holder reward in $PHTM. A sell collects its fee from the ETH output; the 80% active-holder share is atomically used to purchase the selected Stock Tokens, while 20% goes to treasury. Higher-tier Phantoms receive a larger share. NFT royalties remain separate ETH rewards and follow the 7.5% holder and 2.5% treasury split described above. A failed required stock swap reverts the associated $PHTM sell instead of leaving an ETH holder reward. Another market may not apply these fees or fund those rewards. 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.