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Overview

Mortgage Coin (MG) is a fee-routing token that converts trading activity into legal mortgage payments for verified Robinhood users. The project was inspired by Robinhood CEO Vlad Tenev's statement on June 21, 2025 that mortgages are among the largest and most important financial transactions of your life.

Instead of distributing tokens speculatively, Mortgage Coin sends real dollars — applied as principal and interest payments — to Robinhood Gold members with active mortgages through the Sage Home Loans partnership.

Getting started

For traders

Buy and trade MG on supported DEXs. Each swap incurs a 4% transfer fee. That fee is collected into the dev wallet and routed according to the allocation schedule below. You don't need to do anything extra — fees automatically fund the next payout batch.

For Robinhood mortgage holders

1. Hold an active Robinhood Gold subscription
2. Have an active mortgage through the Sage Home Loans partnership
3. Reside in a supported US state
4. Keep your Robinhood account in good standing

Eligible users are identified automatically. No claim form, no merkle tree, no manual signup. If you qualify, you'll appear in the next 15-minute payout batch pro-rata by outstanding balance.

For observers

Visit the Payouts page to browse all completed payments, filter by state, and track the dev wallet on Etherscan. Read the Whitepaper for the full tokenomics and legal framework.

How payouts work

Every 15 minutes, the payout engine executes a batch cycle:

Payout record fields

Robinhood API verification

Mortgage Coin uses Robinhood's public API to identify users with active mortgages. This is the same data layer that powers the Gold mortgage benefit announced by Vlad Tenev in partnership with Sage Home Loans Corporation (NMLS #3304).

Verification checks

• Gold status — Active Robinhood Gold subscription
• Mortgage enrollment — Enrolled in Sage Home Loans benefit program
• Active loan — Outstanding principal balance greater than $0
• State eligibility — Property in a supported US state
• Account standing — No restrictions or suspensions on the RH account

Privacy handling

Full user data is never displayed publicly. The site shows:

• Masked usernames (e.g., A**xd)
• Truncated wallet addresses (e.g., 0x3f2a...b91c)
• State-level location (not full address)
• Robinhood user IDs (RH-XXXXXX format, not email or SSN)

Current pool stats

Fee routing

Every MG swap collects a 4% fee. Here is exactly where it goes:

Fees accumulate in the dev wallet throughout each 15-minute window. At the end of the interval, 70% is allocated to the payout batch, 15% is added to liquidity, and the remainder covers dev and operational costs.

Dev wallet

All fee inflows and payout outflows pass through a single on-chain wallet that you can track publicly:

0x19ec2012a05930df251f95ed2846b5904e6e94a4

View on Etherscan: etherscan.io/address/0x19ec…94a4

Transaction types

• fee_in — Swap fees received from MG trades
• payout_batch — Outbound mortgage payments (negative amount)
• liquidity_add — Funds added to DEX liquidity pool

Recent wallet activity is also stored locally in data/wallet.json and displayed on the Payouts page.

Local data files

All numbers on this site come from local JSON files committed to the repo. There is no live backend — data loads the same way every time you open a page, on any device, without depending on external APIs for display.

Regenerating data

To rebuild payout records with fresh deterministic data:

node scripts/generate-data.js

This rewrites all three JSON files using a seeded random generator, so output is reproducible.

Reading data in your own tools

fetch('./data/stats.json').then(r => r.json()).then(console.log)

Since files are static and served from the same origin, any client-side script or local tool can read them directly.

Eligibility requirements

To receive Mortgage Coin payouts, you must meet all of the following:

Supported states

Mortgage payouts follow Sage Home Loans availability. As noted in the original Robinhood announcement, the benefit is not available in all states. Current payout data includes recipients in: CA, TX, FL, NY, WA, CO, AZ, GA, NC, IL, MA, OR, NV, VA, PA.

Tax reporting

Recipients who receive aggregate payments exceeding IRS reporting thresholds will receive a 1099-MISC. Mortgage Coin maintains compliance records in the local data store.

FAQ

Quick reference