Cash-out
&Compliance
Status
US users:
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earn & spend R in-app; no cash-out for ~24 months while we complete licensing/partner integrations
Other users:
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staged rollouts via licensed on/off-ramp partners
We never custody user funds pre-license; payouts (when enabled) are handled by partners with KYC/AML & tax reporting
| Not legal or tax advice. Rules change by country and user facts. Users should consult a professional
Tax treatment
(high-level)
How we frame Craters:
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C = on-platform participation units (not cash-like)
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R = utility for boosts/ads/IDs (priced under a published policy); payouts (when enabled) are via partners
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IDs = digital goods/virtual assets; secondary sales through escrow with public receipts
1.1 R—typical tax categories by country
(indicative)
1.2 IDs & digital assets
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ID purchases are treated as digital goods / virtual assets (not securities)
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Primary sales: users buy with R (utility spend)
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Secondary sales: escrow + signed receipt; royalties split per rules
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Many countries treat proceeds as ordinary income for sellers; resales can create capital gains. We’ll publish a short guide per region at launch
Cash-out plan & compliance schedule
US posture:
Phase US-0 (now):
earn & spend in-app; no cash-out
Phase US-1 (~12 months):
integrate licensed on-ramp for buying R (fiat/USDC) with full KYC/AML—still no cash-out
Phase US-2 (~24 months):
add off-ramp payouts through the partner; Craters continues to avoid direct custody
Global posture:
KR/SG/UK/EU/AU:
go live as partners become available and local checks pass (KYC/AML/tax/VAT)
What partners do:
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Run KYC/AML/sanctions
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Handle fiat/USDC custody & movement
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Issue tax forms (1099-MISC/NEC in the US; local equivalents abroad)
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Provide fraud tooling and dispute rails
What Craters does:
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Maintain signed receipts ledger and payout receipts
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Enforce No receipt → No mint and Floor & Quota policies
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Collect payout-tier tax info (e.g., W-9/W-8) and pass to partner
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Publish policy and uptime/solvency snapshots (weekly, lagged)
Compliance timeline
How payouts work
During US beta, R is spend-only (boosts, ads, IDs). When cash-out opens, payouts are executed by a licensed payment partner after KYC/AML and any required tax checks. We don’t hold your money; we credit/burn R on Craters, and the partner moves funds.
ID resale
ID trades settle in R escrow on Craters; if a buyer uses fiat or stablecoin, the licensed partner handles the payment. Every transfer writes a public receipt. No peer-to-peer money movement is operated by Craters.
Future roadmap
We plan a regulated R exchange and optional P2P financial features later. Until then, we run a utility-first model with partnered rails.
FAQ
Do you hold my money?
No. Payments are processed by a licensed partner; we don’t hold customer fiat or stablecoins.
Can I buy R and cash out later?
During US beta, R is spend-only for boosts, ads, and IDs. No cash-out or off-platform transfers yet. Cash-out will arrive later via our licensed partner.
What’s the “price floor”?
It’s an internal minimum rate we use to price R for primary sales, based on demand, reserves, and quota pacing. It’s not a guarantee of future value.
What is a quota?
A quota reserves your ability to buy and spend R up to a limit during a period. It’s utility access—not a deposit or investment. Unused quota may expire or auto-convert to C per policy.
Can Koreans join?
Yes—English UI only for now, and some features may be limited during the pilot.
Why not launch in Korea first?
We’re proving a simpler UX for the US mainstream, then bringing the tuned product to KR.
Do I need a wallet?
No. Start with email. Wallet is optional.
When is cash-out?
US cash-out will open 24 months later via a licensed partner (KYC/AML + tax)