How it works: Fees accumulate from trading. Every claim is split by the coin's allocation, and the dividend share is withheld in the coin's quote token. Based on community feedback, dividend payouts started at the 36-hour epoch and were cut down to 12 hours. The holder snapshot is taken at a random moment inside the epoch, uniformly somewhere in the middle 60% of the window. Nobody knows when, until it happens. You cannot buy in just before a snapshot and sell just after, because there is no "just before." Payouts are pro rata to your balance at that moment, sent directly to your wallet when the epoch closes. The floor is $5. Below that, a holder's share carries to the next epoch instead of being eaten by transaction costs. Pools and burn addresses are excluded. LP pool authorities, the incinerator, and program-owned accounts don't receive dividends. Those tokens aren't held by anyone, and paying them would take from people who are. No transfer tax. No automated sales. Dividends are paid out of fees already collected in the quote token. Nothing sells your coin to fund them, and nothing is skimmed from your transfers. Using Zodl as a case study: Image 1: Verifies the dividend transfers Image 2: Verifies the fee allocation