My 3rd largest trench position is now robinhood:0xf086c53f2780e601f0d005fabb3ee5a220336062, and here's the quick thesis:
COUPONS has emerged as the leading reflection token for robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571. There really isn't any credible competition. It's completed a run-up, 80% drawdown, and has now been grinding sideways/up to a notable $8M marketcap over the past week or so.
Like solana:8RVBk8vxLiUHueLUW1f4izFVqN3nWippLhkohKg6EGkS, COUPONS is a reflection token for its launchpad, PONS. I think it has a shot at succeeding in the same way KNOTS has. The idea is that you hold COUPONS, which itself will appreciate as more and more investors appreciate the opportunity. And, overtime, you accumulate dividends of PONS which will also appreciate significantly as the cycle grinds on. It's the leading RH launchpad and I don't think that will change.
The back of the napkin math is that as things grind on, volumes increase, etc. you will get 0.25% - 0.3% of your investment per day paid out in PONS. So, over the course of the year, you recoup your initials (ignoring all appreciation).
There's some other bullish points too:
1. The holder base is a bunch of OGs. IYKYK
2. (cou)PONS is an amazing name.
3. The branding is awesome.
4. Difficult to buy right now. You have to use Uniswap. Fomo buying is disabled. This will change, and will increase interest substantially.
I'm already deeply invested into the solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx ecosystem, and so I've been looking for a way to get some exposure in RobinhoodChain. This is what I've chosen.
C'est tout, mes amis 🖖
$COUPONS is the first memecoin to pay out rewards to holders in
$PONS
this is not possible on PUMP , STONK , PONS & other launchpads of the sort
on top of the 3% fee going back to holders , over 20% of the total COUPONS supply has been burned -
this adds an additional 25% in rewards yield
goal is 50% burned supply , increasing holder rewards by 100%
liquidity is locked on uniswap , token creator access is renounced
CA:
0xf086C53f2780E601F0d005fABB3Ee5a220336062