Supercycle on @RobinhoodApp chain β quick recap for everyone asking how it works π§΅π
Every trade feeds the machine https://t.co/BJ7K23cs7j :
π Trading fees are pulled automatically by the treasury
π Converted on-chain into memes and RWAs.
π° Distributed to holders. You hold, you receive real RWAs and memes drops in your wallet.
π₯ The rest buys back supercycle tojen and burns it forever
Over 3% of total supply already burned.
Verifiable on-chain, every transaction.
That's the definition of a supercycle: receiving the entire Robinhood ecosystem in your wallet just by holding one token.
And this is only the beginning.
We will be the biggest movement on Robinhood chain.
0x81dfc566240310f20d6fdb91b34ed312d2453250
1,212.930917 $TENDIES, about $28.01, now sits in 163 wallets pro-rata. Epoch 165615, paid for out of the epoch's fees. No claim button exists because nobody needed one. Robinhood Chain traded $1.89B in 24 hours, up 12.1%.
$PONS came up on the wheel for epoch 165613. 208.800922 of it, about $194, bought with the epoch's fees and split pro-rata across 169 wallets. No claim, no connect β it landed. $1.89B traded on Robinhood Chain in 24 hours, up 12.1%.
Epoch 165611 went to $AI. 321.301644 of it, about $77.50, split pro-rata across 174 wallets. Nothing claimed, nothing connected β it was already sitting there. Robinhood Chain did $1.89B in 24 hours, up 12.1%. Next spin in 3 hours.
Encrypted calls are live at https://t.co/VEaeLZC6go.
Your wallet is the login.
Audio, video and messages, sealed end to end.
No account, no extension, no gas a wallet holding 0 ETH works exactly the same.
If this isn't the supercycle, what is?
0x81dfc566240310f20d6fdb91b34ed312d2453250
186 wallets are 0.794588 $SPCX heavier than they were a minute ago. About $120, bought with epoch 165607 fees, split pro-rata. Nothing to claim, nothing to sign. Robinhood Chain did $1.69B in 24 hours, up 8.6%. If this isn't the supercycle, what is?
Seriously? Whatβs the concern you ask, @vladtenev? The list of concerns is almost existential.
U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience, how can Robinhood as a U.S. company set up an operation in far offshore Jersey, an island 3000 miles away, and market a security sort of posing as AMC in some shape or fashion, and not comply with U.S. securities laws. That is shocking and shameful.
Our past issuance of equity to strengthen our balance sheet was vital to our success. Your setting up some kind of fictitious synthetic equity market decouples stock token ownership from a companyβs ability to control its own capital raising efforts.
Share ownership gives shareholders various rights, including the right to vote their shares. Your stock token pretend to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights.
This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse.
These are but a few of my concerns about your actions.
I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you donβt, our high priced securities counsel has been asked to see whether we can force you to stop.
I also wonder how can the SEC possibly support your sham ignoring of U.S. securities laws. You can be sure we will be asking them.