SM FoundryV2
Robinhood Chain · the rules
SM FoundryV2
Robinhood Chain · the rules
Short, because the contracts are the long version. Every number here is fixed in a coin at launch and read back off the chain on its page; nothing on this page can be changed for a coin that already exists.
A coin launched here is a normal Pons v2 coin: it starts on a bonding curve, and once the curve is bought out it graduates into a Uniswap pool whose liquidity is locked for good. Launching costs Pons' own fee, 0.0005 ETH, which passes straight through, plus a house fee that goes to the Stock Miners treasury. The house fee is set by the launcher's governor under a ceiling of 0.02 ETH written into the contract, and the launch page reads both parts back before you sign; a fee that changes between the quote and the block makes the launch fail rather than charge you more.
Every coin carries the house mark. The ticker is SM plus two to six capitals or digits; the name is SM plus a space and up to 29 letters, digits and spaces. Name, ticker, logo and description are written into the coin at launch and can never be changed, by anyone.
Pons charges 1% on every trade and keeps 0.3% of it. The other 0.7% reaches the coin's vault. On top, the creator may add a tax of up to 2% and may keep up to 1% of volume for themselves. Both are chosen at launch and fixed for life.
| per trade, of volume | goes to |
|---|---|
| Pons | 0.30% |
| FUEL bought and burned | 0.15% |
| the main Stock Miners mine | 0.15% |
| the coin's own mine | 0.40% + whatever of the tax the creator does not keep |
| the creator | what they chose to keep, at most 1% |
The vault that splits the fee has no owner and no way to redirect a wei; the fee recipient on Pons is the vault itself, and the vault has no function to move it. Until the coin has a mine of its own with at least one machine, its share goes to the main mine. Anyone may press the sweep button; the money can only ever land where the table says.
Where the fee waits depends on the phase. On the curve, Pons holds it inside the curve until the vault sweeps it; the sweep button does that. In the pool, Pons' own operator moves fees from the trading hook into the escrow on its own schedule, and only then can the vault claim them. That step is Pons', not ours. Pons' deployer-only settings for a coin (buybacks, changing the fee recipient) are reachable by nobody, on purpose.
Once a coin is in its pool, anybody can build its mine in one transaction. The mine is the same contract the main Stock Miners mine runs on: four six-hour shifts a day, on the UTC clock, and each shift pays out 1/28 of the mine's pool, split by ore among the machines working it. Payouts are in ETH.
A machine digs a shift only if its owner bought that shift, paid up front in the coin. What the work costs is burned; the rest comes back at claim time. If nobody works a shift, nothing is paid and nothing is spent.
The mine's admin key never leaves the factory contract that built it. The platform can do exactly two things to a coin's mine: rotate the keeper that closes its shifts, and pause it. There is no function anywhere that moves ETH out of a coin's mine other than a machine's claim. The keeper names each shift's pool, and a coin's mine refuses anything above one twenty-eighth of what it holds, so a stolen keeper key is worth at most that per shift.
A machine whose run has ended but is not yet claimed can be sold; its payout and its bond then go to the buyer. Claim first.
Machines are minted with the coin, and every coin paid for a machine is burned. The price follows a straight line the creator set at launch, at most the main collection's own 27,000 + 8 per mint, and there are at most 3,333 per coin.
Every machine is minted equal. Two of the same tier merge into one of the next: 2.6× the ore for 2.2× the fuel, the older number survives, the newer is burned. Five tiers. A machine mid-shift cannot be moved or merged; a machine whose run has ended can be sold, and the buyer claims what it dug.
| tier | ore | fuel |
|---|---|---|
| I | 1 | 1 |
| II | 2.6 | 2.2 |
| III | 6.76 | 4.84 |
| IV | 17.576 | 10.648 |
| V | 45.6976 | 23.4256 |
Coins launched since v2 sell their machines from the first block, for ETH. By default every machine costs the same, 0.001 ETH, and a collection holds 1,000; a creator may add a small step per mint (at most doubling the price by the last machine). Up to 20 per mint, and for the first ten minutes after launch at most 20 per wallet. Every mint is split in the same transaction:
| of every mint | goes to |
|---|---|
| buys the coin on its curve (or in its pool), locked inside the machine minted | 50% |
| the coin's own mine, shut until it opens | 30% |
| FUEL bought and burned | 10% |
| the main Stock Miners mine | 5% |
| the creator, once the coin graduates | 5% |
The coins in a machine are its owner's. They stay locked until the coin's mine opens, then unlock evenly over seven days; whoever owns the machine releases what has unlocked to their wallet. They go with the machine when it is sold, and a merge adds the consumed machine's coins to the one that survives. A machine minted early locks coins bought at an early price: that is the first minter's edge, and it is the same for everyone who mints at that moment. While the coins are locked, anyone else holding the coin can sell theirs, including into the buys later mints make: what the coins in your machine are worth depends on the coin's price when they unlock.
The first mint builds the coin's mine. The mine stays shut, collecting its share of every mint and of every trade, until the coin graduates on Pons, or until 7 days have passed without a graduation; then anyone may open it. From then each six-hour shift pays 1/N of what the mine holds, split by ore among the machines working it. N is the coin's pace, chosen by its creator at launch from 1 to 28 and fixed for good: 28 is the main game's pace (about 14% of the pot the first day, 64% the first week), a smaller N pays faster, and 1 pays the whole pot in the first shift. The mine itself refuses a shift that asks for more than 1/N. A v2 machine is fuelled with FUEL, the Stock Miners token, not with the coin: what a shift costs is burned FUEL, and the mine itself refuses any shift that would burn more FUEL than the ETH it pays is worth at FUEL's own pool price (a price that may move against the machines by at most about a quarter a shift). A run that is claimed before it ends keeps its bond for the shifts still to come.
The mint stays open after the mine opens, at the same price: a new machine joins the pot as it stands. The creator's 5% is held by the collection until the coin fills its curve; if the mine opens on the fallback date instead, what was held goes into the mine, and so does the creator's share of every mint until the coin graduates.
Graduation takes 4.2 ETH of net buying on the curve. Mints buy, but anyone holding the coin can sell into those buys and take progress back, so a full mint-out does not by itself graduate a coin. The coin buy goes through one contract that Pons exempts from each coin's opening snipe tax; it buys only for a coin's own collection, so the exemption is the mint's, and nobody else's, the creator included. Between the curve filling and the pool existing there is nowhere to buy, and minting pauses until anyone creates the pool (the keeper does within minutes). The pot is paid by later mints as well as by trading: an earlier machine is paid from ETH that later minters put in, and nothing guarantees there will be later minters.
The contracts are new. They were tested against the live Pons contracts on a fork and are under independent review, and they are still new: bugs are possible, and money put in can be lost. The door opened by invitation first, to the miners on the ranks board, and the governor may open it to everyone once, for good. Everything a coin is made of is fixed on chain the moment it is cast and cannot be changed by anyone afterwards, us included.
You can lose money. A coin can fail to graduate, and then a v1 coin never gets a mine and a v2 coin's mine opens only after 7 days, on whatever it collected; the coins locked in its machines are worth what the coin is worth. Fuel is spent before the payout is known, and a shift can cost more than it pays. A mine's shifts are closed by a keeper; if it stops, anyone may close a shift two hours late, and nobody is locked out of their claim. This is not investment advice, and none of it is a promise of return.