The platform token
$FRAUD runs the launchpad.
It is not a share.
This site spends its whole length explaining that an equity token is a real company share — not a memecoin. So it would be strange to launch a token next to it and stay vague about which one it is.
$FRAUD carries no voting rights, pays no dividends, and gives no claim on any company's profits or assets. It pays for listings and secures filings. That is the entire job.
| Does it give you this? | $FRAUD | Equity token |
|---|---|---|
| Voting rights in a company | No | Yes |
| Dividends | No | Yes |
| Legal ownership of equity | No | Yes |
| Backed by a real cap table | No | Yes |
| Name on a shareholder register | No | Yes |
| Pays platform listing fees | Yes | No |
| Bonds and secures a filing | Yes | No |
Utility
What $FRAUD is actually for
Three jobs. Each one makes somebody need the token to do something they were going to do anyway.
- 01
Listing fees
A company listing its equity pays a fee. It can pay in stablecoin, or in $FRAUD at a discount. Every company that lists is a real, non-speculative buyer.
This is the base of the whole design. Utility that nobody is forced to route through the token is decoration; a fee is not.
- 02
Issuer bond
When a company files, it locks $FRAUD as a bond. It gets the bond back when the token graduates, and forfeits it if the filing turns out to be fraudulent.
It takes supply out of circulation for the whole length of a raise, and it gives investors something concrete standing behind a listing.
- 03
Curation stake
Anyone can stake $FRAUD behind a listing to vouch for it. If that company is later shown to be fraudulent, the stake is slashed.
A permissionless launchpad has no opinion about quality, by design. Staking is how one gets formed anyway — by people willing to lose something if they are wrong.
The loop
Where demand comes from
Not from hype. From companies doing the thing the platform exists for.
- 1
A company lists
It buys $FRAUD to pay its fee at a discount, and locks more as its bond.
- 2
The raise runs
That bond stays locked for the entire length of the bonding curve.
- 3
The token graduates
The bond is released. The fee stays with the platform.
More listings means more tokens bought and locked. Fewer listings means fewer. The token tracks whether the platform is being used — which is the only honest thing for it to track.
Deliberately absent
What $FRAUD will not do
Several obvious token perks stop being acceptable the moment the underlying assets are securities. These are left out on purpose.
No revenue share
$FRAUD does not entitle holders to a cut of platform fees. Distributing revenue to token holders is very likely to make the token itself a regulated security — the exact thing we handle carefully on the equity side.
No early access to listings
Seeing new companies before everyone else is front-running a market in securities. Nobody gets a head start, at any tier.
No guaranteed allocations
Holding $FRAUD does not reserve you shares in any listed company. Allocating securities based on token holdings is a placement, with everything that implies.
No yield
Staking $FRAUD secures listings. It does not pay you for holding it.
Status
$FRAUD does not exist yet. Everything on this page describes the intended design, and the design may change before launch. There is no contract address, no sale, and no allocation. Anyone showing you a “$FRAUD” contract address today is not us.
Nothing on this page is an offer to sell a token, a solicitation, or investment advice. $FRAUD carries no claim on fraud.capital's revenue, profits or assets, and no promise of future value. Token values can go to zero.