Hi, apologies for the confusion!
The flywheel’s automated contracts can’t be deployed before the coin launches, as the full system needs to be built post-launch.
Our engineer is already working on the smart contracts to automate the entire process. We’ll also have a dedicated UI on our website for staking and claiming rewards.
One important thing to clarify:
Some people assume the dev holds a large portion of the supply. That’s not the case.
The supply currently associated with the dev will be distributed as rewards to Chapter 1 stakers.
Once the rewards are distributed and claimed, the supply will be distributed proportionally among holders.
So don’t panic if the numbers look unusual right now. We haven’t graduated yet.
Stay calm. Keep building. Enjoy the journey.
Meanwhile, RH volume is currently low.
$Frock / $Amd
#Robinhood
Here’s a rough overview of the flywheel distribution flow:
We have purchased 13.98% of the total $FROCK supply to be distributed to Rock Guardian NFT stakers (Chapter 1)
The dev holds 0% of the supply. 😭
Next:
• 50% of the collected tax will be distributed as $AMD rewards to $FROCK holders, claimable once a week.
• 25% will be used for $FROCK buybacks and burns.
• 18% will be allocated as rewards for Rock Guardian Chapter 2 NFT stakers, claimable once a week.
• 7% will be kept in reserve.
Community first
#Robinhood
This is our third HOOD Summit, but the first time we've taken it this far.
We called this one Engines of Creation because that's what markets are.
They take ideas, capital, and people and turn them into things that can grow.
That's what I love about building Robinhood.
The frontier keeps moving.
@AMD CEO @LisaSu will visit South Korea around Oct 8 for a Seoul roundtable with NPU startups Rebellions, FuriosaAI, DeepX and Mobilint and talks with science minister Bae Kyung-hoon.
$Amd
$Frock
#Robinhood