Paired assets

Every coin trades against one asset: the one its creator picks at launch. Buyers pay in it, sellers receive it, and the coin's price, market cap and fees are counted in it. The pair can't be changed later.

Which assets

A coin can be paired with native ETH or with an ERC-20 token that Pons accepts as a pair asset. At the time of writing that is about 70 tokens: most of them Robinhood's stock tokens and ETFs, plus the USDG stablecoin, cbBTC, TAO, ORBIO and a few others. The Create page shows the current list.

Pons decides which assets it accepts, and its list only shapes new launches. A coin that is already live keeps its pair, its curve and its pool, whatever happens to the list later.

Memecoins are not on Pons' list, so they can't be picked as a pair for now.

Start market cap and curve size

Pons sets two numbers for each pair asset, in that asset's own units: the market cap a new coin starts at, and how much its launch curve raises before the coin moves into Uniswap. For ETH today, a coin starts at a market cap of 1.68 ETH and its curve raises 4.2 ETH. Other assets get the same shape, sized in their own units. The Create page shows both numbers for every asset before you launch.

Set by

Pons, per pair asset

Applies to

Coins launched after it is set

Stored on the coin

In its launch curve, at launch, for good

Shown

On the Create page, before you sign

Because the price is counted in the asset, a coin's dollar value moves with its asset: if the asset falls 10%, so does the coin's market cap in dollars, before anyone trades the coin.

Stock tokens

Robinhood's stock tokens are ERC-20 tokens issued by Robinhood on Robinhood Chain, one per stock or fund. Each one tracks its stock's price; it is not the share itself. When the company splits its stock or pays a dividend, the token's balances stay the same and a multiplier records the change, so a coin paired with a stock token is not affected by those events.

Dollar prices of stock tokens on this site come from Robinhood's public price feed for those tokens.

Other tokens

USDG, cbBTC, TAO, ORBIO and the other tokens on the list work the same way: a coin paired with one is bought with it, sold for it, and pays its fees in it. The coin's dollar value then moves with that token.

Dollar prices of these tokens on this site come from GeckoTerminal, with DexScreener as a fallback; both read the tokens' own pools on Robinhood Chain.