A token you never pay with
Every knock on this site is priced, escrowed and settled in USDC. $KNOCK is not in that transaction and is not planned to be. It sits next to the protocol fee, which is the only money Knock ever keeps, and its whole job is to give that fee somewhere to go and someone a reason to care where.
Not issued yetNothing on this page can be bought, held or staked today
True right now, read from the program
Three things it is not
Not the payment token
Prices are named in USDC, escrows hold USDC, refunds return USDC. Owning none of this token costs you nothing and changes no price you are shown. Anyone who tells you a knock must be paid in $KNOCK is selling you something else.
Not a farm
Nothing is minted for depositing, staking, referring or arriving early. There is no emission to outrun and no yield that comes out of the next holder. The only thing feeding the token is the fee, and the fee only exists when somebody actually answered a paid message.
Not governance
It votes on nothing. The protocol's settings live in one account on Solana and are changed by a single offline admin key, which is a deliberate choice and not a stage on the way to a DAO. Holding the token gives you no say in it.
Where the fee goes
Knock has one source of income and it is narrow on purpose: a share of a payment, taken at the moment a recipient answers. An ignored message pays nothing to anyone, which means the protocol earns exactly when it worked and never when it did not.
Running the thing
LiveThe fee lands in a treasury account. Out of it come the Solana fees paid by the two services that keep escrows moving: the one that releases a payout when a reply is accepted, and the one that returns money when a window closes unanswered. It also stocks the small reserve that pays whoever triggers a refund.
Today this is where all of the fee goes, because there is nothing else to send it to yet.
Buying the token back
PlannedA published share of the fee is meant to buy $KNOCK on the open market, on a schedule anyone can check, with the amounts stated. Not a discretionary buyback announced after the fact: a rule, printed in advance, that can be held against us.
No share is set and no purchase has been made. When both exist, the schedule and the transactions go on this page.
What holding is meant to buy
Holding or staking is meant to lower the protocol's cut on your payouts, on a stepped scale published in advance. The design target is a fee that falls from its current level toward roughly half of it at the top step.
Holders are meant to carry a Verified Sender mark and pay less on a first knock to someone they have never written to. The point is not the discount. It is that a stranger's first message is the one a busy person is least likely to open, and anything that says this one is not spam is worth more than the money.
Neither of these exists in the program today. It charges one fee to everyone and knows nothing about who holds what. Delivering them means changing the deployed program, and until that happens this section is a design, not a feature. This page will say when it stops being one.
The address
Not issued yet
There is no contract address for $KNOCK, so any address being passed around as one is not ours. When there is a real one it will appear here and on Knock's own account on X, and those two are the only places worth believing.