Terms

These terms apply to the Goat Street interface and to the on-chain programme behind it. Two of the statements below are also recorded on chain: every election commits a hash of the disclosure, and an election that includes a restricted asset commits a hash of the eligibility statement as well. Both texts are readable straight from the contract, and the interface shows you each one before you sign.

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What the rewards are

Distributions on Goat Street are promotional rewards under a marketing programme, paid to broker NFTs that have been registered in the protocol. They are a reward for taking part. They are not dividends and not investment income. Holding a broker NFT, or any token distributed by this programme, gives you:

• no equity and no ownership stake in anything,
• no shareholder rights of any kind,
• no claim on revenue, profit, or the treasury.

What a registered NFT is entitled to is defined entirely by the reward pool and by weight — that is the whole of it, and it is described in full under Rewards. Nothing else about this project creates an entitlement, including the treasury’s own activity.

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Where you may not use this

Swapping into tokenized stock is restricted in the United States. Do not use those features if you are located in, or a resident of, the United States. More generally: by using this protocol you confirm that using this kind of financial product is lawful where you are, and that you are permitted to receive what it distributes. That confirmation is not decorative — it is the eligibility statement whose hash your election records on chain.

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What this site is

This site is a user interface and nothing more. It holds no funds, takes no custody, and has no privileged position in anything it displays. The contracts it talks to live entirely on chain and are permissionless. Registration, election, ringing the bell, and delivery can all be started by anyone, directly, without this interface and without our involvement. If this site disappeared tomorrow, every function it exposes would still be callable and every reward already credited would still be claimable. That is a property of the contracts, not a promise from us. The consequence is worth stating plainly, and so is its limit. No routine path lets us stop a distribution, redirect one, or decide who receives it: distribute and deliver are open to anyone and the ledger is per-NFT. The exception is emergencyWithdraw — an owner-only hatch that is unbounded on purpose, exists because value can otherwise become permanently stuck, and can only move an asset, amount and destination announced on-chain 24 hours in advance. Those powers sit with a single key today, not a multisig.

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What this is not

Nothing on this site or in this documentation is financial, investment, legal, or tax advice. Nothing here is an offer or a solicitation to buy or sell any security. Descriptions of how the contracts behave are engineering documentation. Where we describe something the treasury intends to do — deploying its half of revenue as liquidity, for instance — it is labelled as an intention rather than a mechanism, because no contract compels it and you have no claim on it. You are responsible for complying with the laws and regulations that apply to you. If you are not sure whether that includes this, take advice before you register.

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Things that cost money to learn late

Not legal terms, but the three behaviours holders most often discover the hard way. Each is enforced by the contracts, not by policy.