> For the complete documentation index, see [llms.txt](https://rptotocol.gitbook.io/robinhood-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://rptotocol.gitbook.io/robinhood-protocol/phase-2-giving-to-the-poor.md).

# Phase 2: Giving to the poor

When the Vault bonds, the team opens public trading and **The Robinhood Protocol** begins. From here the token trades on the open market — any wallet, any bot, anywhere.

The launch classifications from Phase 1 no longer apply. In Phase 2, standing is decided purely by **how much of the supply a wallet holds**, and it updates continuously as the token trades.

## Rich and poor, by size

* **The larger half of holders are "rich."** When a rich wallet **sells**, it pays a fee.
* **The smaller half are "poor."** When a poor wallet sells, it pays **nothing**.

## The fee flows down, not out

Every fee paid by a rich seller is **set aside for the smallest holders** — the poor half who hold at least a small minimum value in the token. It is not paid out automatically; instead, each eligible wallet's share **accrues on-chain**. As trading continues and more rich wallets sell, the amount waiting for each poor holder grows.

Holders collect what they are owed on the [Claim](broken://pages/dd15cb90709bc702d8eb0365c0b16aedc4c3e590) page, whenever they like. What you claim is always the amount that has built up since your last claim — nothing is ever paid twice, and the pool only ever holds what was actually contributed by sellers.

## Why it works

Large sellers are the ones taking value off the table, so they are the ones who fund the floor for everyone else. The smallest, most loyal holders are paid for staying. That is the protocol keeping its promise: **steal from the rich, give to the poor.**

Next: [Trading on the website](broken://pages/7b895e9024abd91c76a86daabb15ca4b7e3f37b4) · [Claiming your share](broken://pages/dd15cb90709bc702d8eb0365c0b16aedc4c3e590).


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