Terms (draft, for counsel review)

What you are buying

A draft is a purchase of five real on-chain assets chosen either at random from a public whitelist (random templates) or as a fixed basket named before purchase (deterministic templates). 80% of the price buys the assets through public liquidity pools at the moment the draft opens. The remaining 15% funds the weekly league pool (8%), the protocol (5%) and the template creator (2%).

Value

The market value of the five assets at open, and at any later time, can be lower than the draft price. Rarity changes how the asset budget is split across the five slots; it does not add value. Nothing on this site is a return promise or investment advice.

Ownership

Assets are held in the DraftVault contract under your draft id and can only be withdrawn by the wallet that bought the draft. The protocol has no function that can move them.

Eligibility

You must be 18 or older and responsible for following the laws that apply to you. Stock Tokens are subject to the issuer's own eligibility rules, published in the RHJ disclosures.

League

Prizes are paid from the league pool according to the published split. Rankings are computed on-chain from oracle prices and can be challenged for 24 hours before prizes unlock. Withdrawing any asset removes the draft from the league for good: it stops racing and forfeits every prize it has not claimed yet, including prizes from an epoch that is already final. Claim first, then withdraw. A draft holding an asset that can no longer be priced can be marked unpriceable by anyone after three days and leaves the league the same way; its assets stay withdrawable.

Template creators

Creators receive 2% of every sale of their template, accrued in the DraftPack contract and claimable by the creator wallet at any time from the Build page.

Stock Tokens

Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited that provide economic exposure to the underlying share, not ownership of it. Read the issuer's disclosures before buying. DRAFT is not affiliated with Robinhood.