PONS, the platform token of Pons, a native token issuance platform on Robinhood Chain, saw its market capitalization rise above $830 million, according to GMGN market data cited by BlockBeats on Sept. 9. The token gained 10.89% over the past hour.
Pons is described as a native token launch platform on Robinhood Chain that supports the creation and issuance of fixed-supply tokens. Its fee design includes using collected WETH fees to buy back PONS, while PONS-denominated fees are burned directly.
Part of the community views Pons as Robinhood Chain’s version of Pump.fun. The report did not provide additional market data beyond the one-hour gain and market cap level.
According to GMGN market data cited by BlockBeats on Sept. 9, PONS, the platform token of Robinhood Chain token issuance platform Pons, rose above an $830 million market capitalization. The token was up 10.89% over the past hour.
How the platform works
PONS is the platform token of Pons, a native token issuance platform on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens.
Under its fee model, WETH fees collected by the platform are used to buy back PONS, while fees collected in PONS are burned directly.
Community comparison
Some community members view Pons as Robinhood Chain’s version of Pump.fun.
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