$MAND
$MAND is the protocol token, market Nº 0001. It was launched on Pons, a launchpad on Robinhood Chain, and it holds the index: SPY and QQQ.
Its fees
$MAND trades at 3% a side on Pons:
| Where it goes | Share |
|---|---|
| Its stock treasury, which buys SPY (60%) and QQQ (40%) for its holders | 2% |
| Pons fee | 1%: 0.3% to Pons, 0.7% to the Mandate team |
Bought back and burned
1% of every other market’s volume buys $MAND back and burns it. More markets, more burns. The burned tokens go to
0x…dEaD, where nobody can move them.
Its drops
$MAND’s stocks drop on the same hourly windows, split by the same token-seconds. They are computed off the chain, on finalized blocks, and published as a Merkle root with the file it comes from: anyone can recompute the file and check it. A new root takes effect after a short delay.
You claim them like everything else: Claim everything on your statement, or from the $MAND page.
The $MAND page
- The stock treasury, live: everything dropped so far plus this hour’s pot, in SPY and QQQ.
- The drops, the burns, the trades and the holders.
- The trade panel, on the Pons curve. In a launch’s first seconds, Pons’s launch tax may apply: it is shown before you sign.