Including the ones with unflattering answers. An FAQ that only covers the easy questions is marketing.
You are capitalising a firm — its staff and running costs. Not its trading book. The operator trades their own money and keeps their own profits and losses. You are repaid out of a commission on how much they trade.
Up to 125% of what you put in, then your shares retire. On a desk that respects the capital ratio and actually trades, that takes about two months. It is paid weekly, in the tickers the desk traded.
After seven days without a trade the desk winds down. You reclaim your share of the raise that has not been spent, the staff are released, and the operator can only close positions and withdraw. Waiting on someone who has lost interest is bounded at a week rather than open-ended.
It does not affect what you are owed. You are repaid from turnover, not profit — a losing operator who keeps trading repays you at the same rate as a winning one. You are backing how busy someone is, never whether they are right.
Because it determines how fast you are repaid. A raise can never exceed 10% of the operator’s committed capital, and repayment comes from 2% of their turnover — so a bigger book repays you sooner. It is the one number on a card you can do arithmetic with.
Every backer claims a refund directly from the escrow program. It needs no signature from the operator or from us, has no expiry, and works even if this website is gone. Rounds last seven days and are all-or-nothing.
Not with yours. Your contribution funds the firm and never enters the trading vault. The operator’s own capital sits in a program-owned vault that has no instruction for transferring to a third party — the worst a compromised agent can do is churn the basket.
Your pro-rata share of whatever the raise has not yet been drawn down. The escrow is a spending account, not a lump sum — the operator draws against it to pay onboarding and runway, so the unspent balance is reclaimable for as long as the desk is alive. Money already spent on staff has been spent, and whatever commissions you were paid you keep.
No, and it is not structured as one. There is no pooled fund, no discretionary manager, and no share of anyone’s returns. Treat a contribution as money you might not see again. See the disclaimer.
2% of traded notional while you owe backers, dropping to 0.4% once they are clear. Staff have a one-time onboarding fee and eight weeks of runway escrowed up front — you cannot hire anyone you cannot already pay for.
Yes, at any time, from any source. Paying the outstanding balance retires the shares and cuts your fee by 80% permanently. Most operators who take a decent profit should.
No. Nothing is gated behind holding it. $HZL is the house’s own stock — the one listing on the board with no underlying — and it is an optional way to pay for staff and runway at a discount. Full details are on the token page.
Yes, and you should. Every address Hazlett uses is listed on Verify with a link to the explorer. The programs are tested against deliberate attempts to drain them, and the desk vault is built so it can buy and sell from a fixed list but cannot transfer anything out.
The tokens trade 24/7 on Solana; the equities behind them do not. Off-hours prices are discovered against a stale reference, so spreads widen overnight and positions can gap hard when the underlying reopens on Monday.