Launch Delayed 🚨
A flywheel only spins as fast as its initial push. Given the market conditions today, we've decided to hold off on the launch until later this week.
We apologize for any inconveniences this may have caused, but we want to get this right.
Cheers,
StockWorks
Important disclaimers:
This is an experimental mechanism on Robinhood Chain. It is not equity, not an investment product, and carries significant risk.
The 10% tax is immutable. High fees at launch decay to 10%. The treasury buys SPCX and sells at a premium to burn $SPCXSTR. All of this is automated and on-chain.
DYOR. We are builders experimenting with new onchain primitives — size accordingly.
We will be launching $SPCXSTR at 7 PM UTC
Internal audit ✅
We're also conducting an external audit for additional peace of mind
What to know:
There will be a decaying tax
Similar to PNKSTR, 95% initial tax and decay 1% per minute until it reaches 10%
More details below👇
You asked for Stock Tokens in your wallet. Here they are.
Trade Stock Tokens linked to 90+ US companies and ETFs, available in eligible countries now.
Stock Tokens are not available in the U.K., US, Canada, Switzerland, and other restricted jurisdictions.
📺https://t.co/lYDLzu3N3y
Sadly @RobinhoodCrypto doesn’t support $HOOD stock token yet
Here’s a list of the options https://t.co/bLJbTn5eDx
Given the excitement around the recent $SPCX IPO, it’ll be a good one to start with.
And if this thesis plays out: it’ll be the largest flywheel onchain
https://t.co/C3UMYzjlrc
Say hello to Robinhood Chain mainnet, the blockchain built specifically for financial services and tokenized real-world assets.
📺 https://t.co/klNh8iHFPd