Disclosure

Everything on this page is a plain statement of what this software does, what it charges, and what it refuses to be. If any line here ever stops being true, the line changes before the behaviour does.

Software only

Lone Star Board reads public data from Robinhood Chain, scores tokens against a published rulebook, and prepares a single transaction to Uniswap's own Universal Router. You sign that transaction in your own wallet, from your own address. The software never holds your tokens, never holds your ETH, never has permission to move them, and cannot cancel or reverse anything you sign. There is no account, no deposit and no balance.

Fee terms

The router fee is 0.5 percent, that is 50 basis points, of the ETH side of a swap.
On a buy it is taken from the ETH you send in. On a sell it is taken from the ETH that comes out. It is never taken from the token side.
It is paid inside your own Universal Router transaction, straight to the operator's address, in the same block as your trade. Nobody takes custody of it on the way.
The quote on the trade page shows the fee in the currency it will be taken in, before you sign anything.
Uniswap's own pool fee, the gas the chain charges, and any price movement between the quote and the block are separate from this and are not paid to the operator.
The fee is the same for every token. It does not change because a token is on the board, and it cannot be bought down.

Referral terms

A referrer is paid 25 percent of the router fee, that is a quarter of the 0.5 percent, on swaps by wallets bound to them.
The share is paid in ETH inside the same transaction as the swap, by the router, to the referrer's address. It is never held by the operator, so earned and paid are the same number and there is nothing to claim.
A wallet is bound to the first referrer it connects under. A later link does not move it.
A wallet cannot refer itself, and circular referrals between wallets are refused.
There is no second level and no bonus tier. A referrer is paid on swaps by the wallets they referred and on nothing else.

Tokenized stocks and funds

The instruments on the Texas Board are displayed and routed, never listed. They are not scored against the rulebook and can never be on the board. Each is issued by the party named on its row, and that issuer, not this software, is the party holding the underlying claim. Lone Star Board does not issue them, redeem them, custody them, or make any statement about their legal character.

Who runs it

The operator is anonymous today. A Texas entity will be named on this page before any fee is collected. Until that name appears here, treat the operator as unknown and weigh that accordingly.

No token and nothing like one

There is no venue token, and there never will be one issued by this site.
There is no burn, no buyback and no supply mechanic of any kind.
There is no yield, no staking, no lending and no pool that pays you for leaving anything anywhere.
There is no lottery, sweepstakes, raffle or points programme.
There is no listing fee. No token is on the board because someone paid, and no payment can keep a token from being taken off.

What this is not

Not an exchange. It operates no order book, matches nothing, and takes no order.
Not a broker, a dealer, or anyone's agent. It never trades for you and never trades against you.
Not custody. It cannot touch your assets, so it cannot lose them or freeze them.
Not investment, legal, tax or financial advice. A passed standard is a read, not a recommendation, and a badge is not an endorsement by anyone.
Not a statement about any token's legal character. This site does not call any token a security and does not decide what is or is not one.
Not a guarantee of anything. Reads can be wrong, sources can be stale, and a token that passed an hour ago can fail on the next read.

Not affiliated

Lone Star Board is not affiliated with, endorsed by, sponsored by or connected to the Texas Stock Exchange, TXSE Group, NYSE Texas, Nasdaq Texas, Robinhood, or Uniswap. It routes through Uniswap's public contracts on a public chain, the way any wallet can. Names are used only to say what the software reads and where it sends a transaction.

Availability and risk

Reads come from third parties, including public RPC endpoints, Blockscout, DexScreener, GeckoTerminal and the Realedger Basis Ledger. Those can be slow, stale or wrong, and when a figure cannot be read it is left blank rather than guessed. Trading a token on a chain can lose you everything you put in, whether or not it is on the board. This site cannot make that safe and does not claim to.

Questions people ask about all of this are answered in the FAQ. The standards themselves are in the rulebook, and every enforcement action is in the log.