The thesis on
$HOOD pairs and why we brought it on chain:
See a lot of people held back by the 'Robinhood will just release their own stock token', IMO its Robinhood we are talking about, if they were going to they would have. They have the capabilities and the resources to do so, why wouldn't they when the blockchain went live just like there were and are so many other stock tokens?
I don't have the answer as to why they didn't, maybe liability? Maybe they left it open to allow others to do it? Who knows? What i do know is as
$HOOD provided by
lunch.fun grows the chance they release their own decrease even more, Vlad isn't stupid and i doubt he would vamp something successful of size on his own chain while increasing liability for themselves. With the HOOD on chain already touching $1.5m in worth.
We brought
$HOOD on Robinhood chain to be the first with legit backing and working with partners of Robinhood to do so. Giving traders not only the chance to create narratives paired with HOOD but also the chance to speculate on wether Vlad/Robinhood accept this as the HOOD stock token on chain giving traders the chance to front run.
Reminding everyone that HOOD backing and pairs growing also positively impacts HOOD price, it becoming a staple pairing for memes would benefit Robinhood. Even if Robinhood at some point added HOOD stock token on chain this would still be the fact of using the HOOD developed by lunch.
It is also built in a way as things develop we could build on what we already have by also introducing voting rights if possible.
Hood backing available to check here at all times:
lunch.fun/vault