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What backing and controls mean
Every tokenized stock on PlainTicker is a Solana token issued by xStocks. The app's stock page lists what backs each token and what its issuer can do with it, under "Backing and controls". Here is what each row means, in plain words.
Proof of reserves, reported by xStocks
What it is
xStocks says how many real shares its custodian holds for the tokens it counts in circulation. 100% means one share held for each token. This is the issuer's own report. PlainTicker reads it from xStocks and cannot look into the custodian's account.
Why it matters to you
A token is worth what stands behind it. Under 100% means fewer shares than tokens by the issuer's own count. No report means the backing cannot be checked here at all.
Minted on chain and in circulation
What it is
Minted on chain is how many tokens the Solana mint says exist right now. In circulation is the count xStocks reports, the one its reserves are measured against. The two are different measures and often differ. PlainTicker cannot see why, so it shows both and draws no conclusion.
Why it matters to you
The reserves figure covers the count in circulation. If far more tokens exist on chain, that figure alone does not say how the rest are backed. That is a fair question to put to the issuer.
Permanent delegate
What it is
A setting on the token that gives one address, chosen by the issuer, the power to move or burn tokens in any wallet, without the holder signing anything. Tokenized stocks carry it because the issuer has legal duties an ordinary token cannot meet: reversing a transfer made in error, acting on a court order or on sanctions, and handling company events such as a merger.
Why it matters to you
Tokens in your own wallet are not fully under your control. When the delegate is active, the stock page shows its address, so you can see who holds this power.
Transfers pausable
What it is
The issuer can stop every transfer of the token at once. Some tokens also let the issuer freeze a single wallet. The row says whether this switch exists and whether it is on right now.
Why it matters to you
While transfers are paused you cannot swap or send the token, even when the share itself trades as usual in the US.
Transfer hook
What it is
A program the issuer can attach to the token so that it runs every time the token moves. It can add checks, and it can refuse a transfer. None means no program runs.
Why it matters to you
A hook can block a transfer to or from your wallet. When one runs, the stock page names the program.
Split multiplier
What it is
The token uses a Solana feature called Scaled UI Amount. The balance stored on chain stays the same, and the issuer changes one multiplier instead. A stock split, or a dividend xStocks adds to the token instead of paying it out, changes the multiplier, and a wallet shows the stored balance times the multiplier.
Why it matters to you
After a split the number of tokens a wallet shows changes, while the value of your tokens does not. A change can be set ahead of time, and the stock page shows the new figure and its date once one is announced. A wallet that ignores the multiplier shows the wrong amount.
Supply on chain
What it is
The minted count is read live from the Solana mint, at the slot shown above the rows, and multiplied by the multiplier, so it is the count a wallet would add up. No company reports it.
Why it matters to you
It is the one figure here nobody has to take on trust. Anyone can check it on a block explorer.
This page explains what the rows mean. It is not investment advice.