wall street is closed for labor day, but sock market is still open.
trade stock-paired markets while wall street takes the day off. stocks rest, socks trade.
the floor never closes.
at the current sock market price, the protocol has already burned about $163K worth of SOCK.
another $7.2K has been allocated to holders, all generated from Sock Market activity.
the numbers are pulled directly onchain.
wear the sock. buy the sock. launch on Sock.
we’re here to put a little shock into the stock market with Sock Market.
and whoever this guy is, no, he’s still not the BNB guy you’re thinking of.
here’s how Sock Market handles its share of trading fees:
every trade pays a 1% base fee. 70% goes to the creator, while Sock’s 30% is collected from both sides of the market, converted to BNB, and used to buy sock on PancakeSwap.
75% of the sock bought is burned. the remaining 25% goes to the weekly airdrop pool for eligible holders.
the buyback and burn metrics are live on our website too. we built a dedicated page for it, with the data pulled directly onchain so anyone can follow the flow.
https://t.co/CdON7DLboC
Docs
https://t.co/XpQc0iprO5
we used part of Sock Market revenue to buy back and burn another 1% of the sock supply.
the launchpad is generating revenue, and part of that revenue is now being used to reduce sock supply permanently.
on sock market, launch LP is permanently locked by design.
the LP positions are held by an immutable SockMigrator contract with no owner and no withdraw function. once the LP is there, nobody can pull it back out, including us.
you don’t have to trust this post. check it yourself.
example from sock:
migration tx:
https://t.co/3pVGl7NA9X
locked LP positions:
https://t.co/i1ypJb3cep
https://t.co/sZozfZDDlb
immutable holder contract:
https://t.co/9ZpfzFpmCM
verified source:
https://t.co/KgOc4pnW03
Sock isn’t just another place to launch a token against one pair.
you can launch against a single stock, any token on BNB Chain, or go multi-pair with a Drawer and trade the same token across 2–10 stock markets.
gm.
we’ve already submitted the $sock contracts for security reviews with services like GoPlus, so some trading platforms should start showing clearer contract safety information instead of leaving $sock flagged as unverified.
we’re enabling single-stock pairs on Sock Market.
if you only want to launch against one stock, you won’t need to create a Drawer first anymore. just pick the stock and launch the pair directly.
Drawers will still be there when you want to go multi-pair across 2–10 stocks.
we just burned 1% of the $SOCK supply using revenue generated by Sock Market.
the market is live, the launchpad is being used, and that activity is already taking $SOCK out of circulation.
onchain markets should be open.
no single company or gatekeeper should get to decide who can build, launch, or participate.
that’s the point of decentralization: open infrastructure, transparent rules, and markets anyone can access.
a Drawer isn’t just for launching tokens.
build one with 2–10 of your favorite tokenized stocks, choose the weights, and own the basket through Drawer shares. fill it, add to it, or redeem your share back into the stocks inside.
read more in the docs on our website.
in case anyone new here is wondering what Sock is:
Sock Market is a launchpad on BNB Chain where you can multi-pair one token with 2–10 stocks through a Drawer, or launch it against any token on BNB Chain.
stocks in drawers. tokens in pairs.
you can launch one token against 2 to 10 stocks at once.
pick the stocks, set the weights, build the Drawer, then launch.
one token. multiple stock markets.