1. Permanent routing and custody
Hongbao checks the current Pump program, mint, quote asset, creator authority, sharing recipients and final revoked configuration. When the payout and reserve roles share an address, the on-chain shareholder is combined at 100%; the ledger separates 80/20. Roles sharing a wallet are not cryptographically segregated. Fees before final routing are tracked for review and are not counted as Hongbao-collected revenue.
2. The ¥1,000 payout threshold
The minimum is ¥1,000 of eligible, settled CNY for one verified recipient, aggregated across participating coins. It is a threshold, not a cap: Hongbao processes the full eligible balance. Smaller balances carry forward without automatic expiry. A daily queue is prepared in Asia/Shanghai time. Hongbao’s operator reviews and sends each payout; timing can vary.
3. What payment states tell you
Queued means a balance was reserved. Processing means an operator began the task. Outcome uncertain means the result must be reconciled before any retry. Reported sent is the operator’s payment report; receipts can be attached privately. Confirmed means the operator completed reconciliation; it is not independent on-chain proof of an Alipay transfer. Returned payments restore the appropriate liability with linked records.
4. Hongbao token, purchases and burns
The owner launches and configures Hongbao token outside this application. Hongbao only consumes its exact configured mint. Reserve allocation, purchase and burn are separate events. A purchase must match the correct asset and wallet; a burn must be an actual token-program burn, not a transfer to an arbitrary address. Hongbao token’s own creator fees remain developer income and are excluded from the recipient-coin split.
5. Independence and support
Hongbao is an independent application, not affiliated with Ant Group, Alipay, Pump.fun or Privy. These services retain their own terms and technical limitations. Operator contact and production service information are available through the Support page.
For a private question or correction, use Hongbao support. Contact support ↗