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Quick start

TL;DR
  • A launch is a new token sold on a price curve for a real tokenized stock, such as NVDA or TSLA.
  • Buying gets you the token. Every buy pushes the price up; every sell pulls it down.
  • Graduation happens when 79.31% of the tokens are sold, at about $8,205 raised. The token moves to a locked trading pool.
  • The treasury receives 30% of the money raised, holds the stock and trades it by the rule the creator picked.
  • What the treasury earns buys the token back and burns it. Holders have no claim on the treasury itself (none today; one may be added later).
  • Every trade pays a 1% to 15% tax (the launcher decides), in stock; after graduation, a 0.20% pool fee on top, which goes to the treasury's buy-back budget. A launch costs 0.0005 ETH.
Live on mainnet

Hedgefun v2 is live on Robinhood Chain mainnet at hedgefun.trade, and anyone can launch. The screenshots come from the testnet front end on chain 46630, where the test stocks have no value; the live form may differ in detail. The address book lists the mainnet contracts.

Launch a token​

You need a wallet on Robinhood Chain with 0.0005 ETH plus gas. The example stock trades at $200.

  1. Pick a stock. The Create page lists the available stocks with their live prices.

  2. Name the token. Enter a name and a symbol.

    Step 1 of the testnet launch form: token name, token symbol and the stock market picker, with TSLA selected and "Public launch is open". Testnet front end: naming the token and picking the stock.

  3. Set the tax. Choose 1% to 15%. On a $1,000 trade at 3%, the tax is $30.

  4. Set your share. Choose your share of the tax, up to half. At 10%, that $30 of tax pays you $3.

  5. Set the opening window. Choose 0 to 180 seconds. Inside it, early buyers pay a premium that falls from 99% to your tax. Choose 0 for no premium.

    Step 3 of the testnet launch form: trading tax 1%, creator share 10%, supply sold on curve fixed at 79.31%, opening tax window 3 seconds, and a box for opening-tax-exempt wallets. Testnet front end: tax, your share, the opening window and the exempt wallets.

  6. Pick a strategy. Lots, Buy-back, Spot, Rebalance, Percentage buy-back or Cycle. The page explains each one and asks for its numbers.

    Step 2 of the testnet launch form: six strategy cards, Lot strategy, Lot strategy with 10% buy-back, Cycle, Rebalance, Rebalance with fixed amounts, and Buy-back only. Testnet front end: the six strategies.

    Builder, the easy path. Open the Builder tab, pick the stock, and add one rule for when the stock rises and one for when it falls; the fees always flow to the buy-back. The page shows the exact terms the launch will freeze and, for the rules that have a model, how they would have done on that stock's past prices. "Use this strategy" fills the launch form, and you can still change any number before launching. One-click presets named by what they do ("Take profit and buy the dip" for Lots, "Burn with every fee" for Buy-back, "Keep half in stock" for Spot, "Rebalance in small steps" for Rebalance, "Burn a tenth at a time" for Percentage buy-back, "Sell the rise, buy back in" for Cycle) are in the next front-end release.

    The testnet Builder: TSLA selected; "Stock rises" holds a Take profit module, "Stock falls" holds Buy the dip, "Fees arrive" holds Buy back and burn; the flow resolves to Lot strategy. Testnet front end: composing a Lots strategy in Builder.

    The Builder's launch spec for that flow: take-profit 4% and 6%, dip 5%, reserve per buy 20%, no stop, tax 1% split 30/10/60, opening window 3 s, 79.31% sold on the curve, graduation after about $8,205, 70% to the pool and 30% to the treasury, pool fee 0.2%, keeper reward 0.1%, launch fee 0.0005 ETH. Testnet front end: the terms Builder will freeze at launch.

  7. Decide on a first buy. Enter an amount in the stock, USDG or ETH, or leave it empty. Your own buy skips the premium and pays the tax.

  8. Review and sign. The page shows the 0.0005 ETH fee, your choices, the graduation raise and the 70/30 split. Sign in your wallet. The token page opens at 0% sold.

    Step 4 of the testnet launch form, Confirm and launch: creation fee 0.0005 ETH, the strategy and its numbers, tax 1% and creator share 10%, graduates after about $8,205 of TSLA, 70% to pool liquidity and 30% to the treasury, market cap about $2,140 at opening and about $50,000 at graduation. Testnet front end: the review before signing. Nothing was launched for this screenshot.

  9. Share the page. From the first trade on, your share of the tax arrives in your wallet as stock.

Every launch opens at a $2,140 valuation and raises about $8,205 of the stock. You do not choose those numbers.

Buy a token​

You need a wallet on Robinhood Chain holding the stock, USDG or ETH.

  1. Open a token page. Enter the launch's number on the Trade page. The page shows "On the curve" with a progress bar toward 79.31%, or "Graduated" with a pool price.

    The testnet Trade page: a Strategy ID field with an Open strategy button, and a panel for funding a test wallet with test ETH and test USDG. Testnet front end: opening a launch by its number. No launch existed on the redeployed testnet when this was captured.

  2. Read the strategy. The page shows which strategy the treasury runs and whether it can trade the stock right now.

  3. Enter an amount. The quote shows the tokens you get, the tax, any opening premium, and the 0.20% pool fee after graduation. Paying in USDG or ETH converts to the stock first; any unused amount comes back as stock.

  4. Set a minimum and sign. Your wallet shows an approval and the trade. Your balance appears on the page.

  5. Watch for graduation. When the curve reaches 79.31% sold, the page switches to "Graduated". The price carries over, about 23 times the opening price.

  6. Sell when you want. Before graduation you sell to the curve. After graduation you sell in the pool. Both charge the same tax.

What you pay​

whenwhaton the $200 stock
launching0.0005 ETH
every buy and sell1% to 15% tax in stock, the launcher decides$30 on a $1,000 trade at 3%
buys in the opening windowa premium, burned from your tokens99% at the first second, falling to the tax
pool trades after graduation0.20% pool fee, to the treasury's buy-back budgetabout $2 on a $1,000 trade
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