SMURF

The First Hook Ever On @RobinhoodApp| Hyper-Deflationary Flywheel| Index Backed Tokens

CA: 0x2806df9f05848b79c8fb85be70a33efdb908bcc2

[SMURF @Smurf4663]

@GeoOnchain @RobinhoodApp 🚬🚬🚬🚬

[AG @GeoOnchain]

Two of the top metas on @RobinhoodApp chain is NFTs and @Uniswap V4 hooks.

I may have just found one of the most undervalued NFT/Hook projects on Robinhood.

On July 8th, the contract 0xba447bc992e369a5ef12b747a1988d6320b90040 was launcheda anonymously by an early dev. When you own 1 full $Fletch token it mints a NFT similar to the $UPEG design.

This is the first NFT/Hook token launched on Robinhood.

You can only trade it here: https://t.co/lNSow3hItT on our UI or @Rabby_io or @phantom or a wallet interface like that.

350 $Fletch tokens have been added to the treasury of @Smurf4663 and added to the index at the current 10 MC.

1 % of the supply will be a available to be claimed by $smk2 holders: https://t.co/3kPTtxw9Cs

For more information about $Fletch go to https://t.co/Lh4F7YfJaX

https://t.co/7NiZJZoLdi

If you want to chat about it join Smurf tg: https://t.co/kmyY3pEKHO

Disclaimer: I did my best to audit the token but much of it is unique so trade at your own risk . I have bought and sold fine despite interfaces saying 100% tax and wacky warnings
. Definitely unique so please be weary and prepare for potential bugs ie use a burner, don’t invest more than you can afford to lose or simply don’t buy at all.

Now put that $Fletch in my cap, we out here like Robinhood 🪶

[SMURF @Smurf4663]

Our first major update for all the holders:

https://t.co/a8GBjUQppz

TDLR:

1. Flywheel Reactivated
2. 6.2% Burn Makes 37% of $SMURF Supply Burned
3. SmurfSwap Launched & Announcement of Deflationary Hooks for ANY Token
4. Adding @deepstatesh strategy & @NetNetCap to Treasury

[AG @GeoOnchain]

I woke up with a revelation. Flywheel too strong. And we only gonna make it stronger.

Deflationary is the future. If you are actively on Robinhood and don’t know about this historical and now unique experiment. Then DYOR, like asap.

Fuck inflation, let it burn 🔥

[AG @GeoOnchain]

I learned a lot today from the @Smurf4663 “launch” (it was launched 2 months ago) , that no matter what deflationary aspects of token are here to stay and should be incorporated in every project.

The biggest projects like @HyperliquidX, @Pumpfun (🤢), @BNBCHAIN, @Uniswap and even hyper-deflationary tokens like StonkBrokers from @ClutchMarkets that can ascend to new heights even faster as their protocol is are largely centered around deflationary aspects.

In a world of nonstop inflationary bullshit, crypto has stepped up and even developed some of the first (shout out BOMB) and even the best deflationary currencies.

Deflationary is the future.

Test confirmed. Flywheel stays on.

Papa $SMURF about to cook

[SMURF @Smurf4663]

Another 1% burned from buy back and burn mechanism.

31% of the supply burned in the first day!

https://t.co/932omCsm9U

Don’t fade papa $SMURF

[SMURF @Smurf4663]

Proud to announce our first treasury buy of .5 ETH of $UPEG to be added to our index

Every buy burns $SMURF & adds innovative tokens to our treasury which can later be burned & redeemed for your share of the tokens in the index

Which hook token should we add to the index next?

[SMURF @Smurf4663]

Thanks to @fomo app for turning off buys because their vibe coded app can’t understand there is multiple pools

We are the first hook ever launched on @robinhood

Since beginning we have burned 30% of the supply & just burned .5 ETH more. Flywheel stays on
https://t.co/O1X7CNMEzW

[AG @GeoOnchain]

Most of the time I find something onchain that’s a cool first or innovative in some unique way. They are what they are, cool mementos or collectibles of that time that are fun to speculate on. Most have no use case or further value past collectibility

Until I found @Smurf4663:

$SMURF stands for “Smoke Ur 4663”
and is the first token on @RobinhoodApp to actually implement a hook. Cool, awesome it’s the first should do well right based on provenance right(NFA)?

Well I dug deeper. The pool has a 41% tax on it just to get tokens out of the pool and the burn function is hardcoded which means the token supply actually shrinks rather than just sending tokens to a dead address. Awesome, I decide I’m Gonna be a degenerate and burn 3k and buy a large portion of the pool.

I did just that but I sat and thought some more and then began to realize that no matter what, at some point even with the large burn there will be arbitrage opportunities between my pool and the OG pool. This means everytime a bot or someone sees even a $1 dollar profit they will take it. Even if that means a 5k buy is need; profit is profit. But when that 5k buy leaves the pool it turns into 2.5k burning a huge amount of the supply, just to be sold in my pool for that $1 dollar. Just like that token then becomes hyper-inflationary not as intended but strictly due to the arbitrage opportunities. Those tokens would be trapped otherwise.

The perfect deflationary fly wheel as it incentives trading rather than only holding, which at times have hindered deflationary tokens in the past.

Then I began to think even deeper…What if the tax on my pool was used to burn more tokens(ones not burned through arb) but also build an index of tokens. I’m talking not only majors like $ETH $USDC but hook based protocols and tokens like $UPEG. Everytime someone trades more then more tokens are added to the index. Then I realized everytime someone trades, the token supply goes down and the index value goes up. Creating an ever rising value of backed value per token.

The perfect fly wheel for a piece of history that was never meant happen let alone be traded (who’s gonna pay a 41% tax🤣).

So I decided let’s do it and make the most of this fun piece of history and do it just like that.

At some point, you will be able to burn your tokens for your share of the index; not having to worry about selling if the value and the tokens in the index offer a better opportunity.

To start the tax is hefty 7.77% but will drop as we hit supply milestones. Right now we are close to 7.8B down from 10B (meaning I burned 22% already myself ). The next drop in taxes will be at 3.33B.. this will keep going down until we are down under 100M where the taxes will be around 2.22% forever.

More info can be found here: https://t.co/UAWDHuLaMU

Ca: 0x2806df9f05848b79c8fb85be70a33efdb908bcc2 (make sure you are buying the right pool should route automatically)

There was A small airdrop to SMK2 holders (first token on RBH by Uniswap/RBH team)

Disclaimer : I did not launch this token it was an early developer on Robinhood back in June. I simply bought tokens, created the pool and am experimenting with new defi initiatives. This is an extremely experimental project and I do not guarantee any profits or that the code is audited/completely safe. Everything mentioned above is a best case scenario situation, do not gamble with more than you aren’t willing to lose and understand the that crypto is volatile and ANYTHING can go to 0.

Happy trading and let’s smoke this 4663💨