How earnings are calculated

Every APPLENIZED trade pays a fee. Part of it flows into the vault and is stretched over one hour, dripping every second to all active iPhones in proportion to their coefficients. A new arrival re-stretches what is left plus the new money. Nothing is scheduled; the vault cannot pay out what has not arrived.

Common ×1.00, Uncommon ×1.50, Rare ×2.50, Epic ×4.00, Legendary ×8.00. Your share of the stream is your active iPhone's coefficient divided by the sum of everyone's.

A wallet may own any number of iPhones, but only the active one earns. Switch any time. Transfer or sell the active one and it stops earning for you in the same transaction — the buyer activates it themselves.

Earnings accrue in ETH while your iPhone is active. Claiming buys tokenized Apple stock (AAPL) with that ETH and sends it to your wallet — through Uniswap, or up. if Uniswap cannot fill, or WETH if neither can.

An iPhone costs APPLENIZED and the whole payment is burned. Its rarity is decided inside the mint transaction. Only a plain wallet can mint — not a contract.