Safety & FAQ
$IUG is designed so that the parts people usually have to trust are removed instead. This page explains what that means in practice, and is honest about the risks that remain — because “no risk” would be a lie, and a token that lies to you in its own docs is not one to hold.
What “renounced owner” actually means
Most token risk comes from an owner address with special powers: the ability to pause trading, blacklist wallets, change the fee, or mint new supply. $IUG has no such address. The functions do not exist in the contract, so there is nothing to renounce theatrically and nothing that can be un-renounced. Nobody — not the deployer, not us — can change how the token behaves.
What “locked liquidity” actually means
The USDC and $IUG that make up the market are held in a liquidity position that is locked in place. Fees the pool earns can be collected, which is how holders get paid, but the underlying liquidity cannot be withdrawn. The classic rug — pulling the liquidity and leaving holders with a token they cannot sell — is not possible.
Is this custodial? Can you touch my funds?
No. Your $IUG sits in your wallet and rewards are sent to your wallet. At no point does the protocol hold your tokens or your USDC. The keeper’s only power is to distribute the pool’s collected fees to holders; it cannot take anything from you, and it cannot pay one wallet out of another wallet’s balance.
The risks that are real
- Price. $IUG is a volatile token. The reward stream pays you in USDC, but the value of the $IUG you hold can fall, and it can fall faster than rewards make up. Rewards are not a hedge against the token’s price.
- Volume dependence. Rewards come from trading fees. In a period with little trading, there is little fee to distribute, and payouts shrink accordingly. No trading means no rewards that round.
- It is still a crypto asset on a new chain. Smart contracts, however carefully written and audited, carry residual risk. Only hold what you are prepared to lose.
We would rather you buy understanding these than not.
FAQ
Do I have to do anything to receive rewards? No. Hold at least $25 of $IUG and USDC arrives in your wallet each round. There is no sign-up and no claim in the normal case.
Is there a lock-up or minimum hold time? No. The only test is holding at least $25 at the snapshot. You can buy and qualify in the same round, and sell whenever you want.
What if the token dumps right after I buy? The reward mechanism keeps paying out of trade fees regardless of price direction, but it does not protect the market value of your holding. Treat rewards and price as separate things.
Why is there a 5% fee on my trade? That fee is the source of the rewards. It is charged by the pool on buys and sells, converted to USDC, and 80% of it goes to holders. Holding and transferring are free — only trading against the pool pays it.
Why do I have to approve USDC before buying? Buying with USDC is an ERC-20 swap, and ERC-20 tokens require an approval before a contract can move them. On Arc, USDC also happens to be the gas token, but the swap uses its token form, so the approval is standard. You are never asked to approve an unlimited amount.
Can the team change the reward split or the max wallet? No. Both are constants in the contract with no setter. Changing them would require deploying a different token at a different address.
Where does the other 20% go? 10% funds growth — raid rewards for people who promote the project, plus buybacks that compound the pool. 10% covers infrastructure, the cost of running the keeper and reward services.