STANDARD, a Robinhood chain ecosystem token from The Standard Reserve, briefly hit a $40 million valuation within two hours of launch on Sept. 15 before pulling back to $28.91 million, while trading volume exceeded $40 million, according to BlockBeats.
On-chain circulation for STANDARD currently stands at 98,323,639.9815 tokens.
Supply cap and genesis distribution
The project’s white paper says STANDARD is the ecosystem’s only token and carries a hard cap of 1 billion tokens. At genesis, the protocol pre-minted 100 million tokens and locked all of them as protocol-owned liquidity in the ETH-STANDARD pool on Uniswap v4.
Under that setup, ETH sent in by buyers naturally sits below the market price as liquidity. The remaining 900 million tokens are reserved as an issuance budget. Once that budget is fully exhausted, the protocol’s base token issuance stops permanently, and the system can then operate only through fee recycling.
How the monetary policy mechanism works
The project describes itself as an "on-chain sovereign central bank" and says it aims to replace a traditional central bank or DAO governance with roughly 4,000 lines of immutable smart-contract code that runs monetary policy automatically.
The protocol adjusts policy based on net ETH flows in the official Uniswap v4 trading pool. When net capital flows in, STANDARD issuance expands gradually, and revenue is directed toward reserve asset accumulation and protocol-owned liquidity. When net capital flows out, issuance is reduced, while revenue is used to buy back and burn tokens.
Base issuance and fee allocation
The protocol’s current base issuance starts at 700,000 STANDARD per day. It then adjusts the pace through a policy multiplier, or m, based on ETH inflows into the protocol. That multiplier ranges from 0.2x to 1.25x, and was set at 1x at launch.
Trading fees are allocated as follows:
- 70% goes to the reserve and buyback pool;
- 15% goes to permanent liquidity;
- 15% is allocated to the team.
BlockBeats said the protocol remains at an early stage and warned that the token could see sharp price swings, urging users to approach investment with caution.