Launching
Solidus launches your token on Robinhood Chain. You give it a name, a ticker, an image, a description and optional links, and pick what it trades against. All of it is stored on chain with the token and cannot be edited afterwards.
Every token has a supply of one billion. It starts on a bonding curve whose opening market cap is 40% of its graduation target, and graduates to a real pool once buyers have put in that target: about $8,090 on every pair.
Your first buy, if you want one, happens in the same transaction as the launch, so nobody can buy ahead of you. It is capped at 5% of supply, so nobody can launch a token and hold most of it.
Pairs
A token can trade against ETH, against USDG (a dollar), or against a real stock such as NVDA, SPY or AAPL. When it trades against a stock, every trade is paid in that stock, and so is the tax. Buyers still pay in ETH: the stock is bought and sold for them along a fixed route. The stocks on offer: NVDA, SPY, QQQ, AAPL, TSLA, META, GOOGL, MSFT, AMZN, AMD, GLD, SPCX, MSTR.
Your tax
You set your token's tax when you launch it, anywhere from 0 to 10%. Every buy and sell pays it, and it is paid to you, in whatever the token trades against.
Two things are optional, chosen once at launch, and together can take at most 50% of your fees:
- Burn your own token. A share of your fees buys your token back every hour and destroys it.
- Boost $SOLID. A share of your fees buys $SOLID and burns it. Paid in a stock, it is swapped to ETH first. Boosted tokens carry a badge.
No wallet is exempt from the tax at launch, including yours.
The burn
$SOLID's own trading tax and every creator boost are collected on every trade and released once an hour. Within the minute, Solidus claims them and buys $SOLID on the open market with the burn's part, then destroys it. A boost paid in a stock is swapped to ETH along the stock's fixed route first. Destroyed means the token contract's total supply goes down; the tokens are not parked in a dead wallet. Every burn is listed on the burn page with its transaction.
Certificates
Every token launched through Solidus gets a certificate page that checks, from the chain, that it went through the Solidus launcher, that nobody was exempted from the tax, and that the creator's opening buy stayed under the cap. A certificate is a statement about how a token was launched, never about whether it is worth buying.
Holding $SOLID
A wallet holding at least 1,000,000 $SOLID when it launches is recorded on chain as a holder. Its token gets a holder badge and a lift in discovery. It also gets half of the launch fee back in the same transaction, paid from the launcher's rebate fund while there is money in it. Anyone can add to that fund, and the only way anything leaves it is as a rebate.
Admin powers
This is the complete list. If a power is not here, nobody has it.
- Pause new launches in an emergency. Held by a multisig. Existing tokens keep trading.
- Hide a token on this website if it impersonates someone or is abusive. That is a website setting, not a contract one: the token itself is untouched.
No contract is upgradeable. A fix is a new contract, announced in advance. Nobody can take anything out of the burn pot or mint $SOLID.
Risks
- Memecoins are volatile and most go to zero. The burn reduces $SOLID's supply; it does not set a price.
- Stock prices move. A token paired with a stock moves with that stock as well as with its own trading.
- Stock tokens are issued by Robinhood and can be paused by it.
- Smart contracts can have bugs. Solidus contracts are reviewed before launch, which lowers that risk without removing it.
- Stock tokens are not available to U.S. persons and are restricted in some other countries. See terms.