Utility token HOOKFI is a utility token on Robinhood Chain tied to a Uniswap v4 hook. HOOKFI (HOOKFI) is a utility token on Robinhood Chain. It powers a specific Uniswap v4 hook that applies a tax only to arbitrage swaps. Normal trades incur no extra cost. Arbitrage tax mechanism The hook taxes arbitrage trades to reward liquidity providers and burn tokens. Arbitrage swaps pay a tax where 80 percent returns directly to in-range liquidity providers in the same transaction. The remaining 20 percent funds a buyback that purchases HOOKFI and sends it to a dead address with no withdrawal option. The buyback has already burned millions of tokens. Launch and distribution It launched via a fair launch on ponsfamily.com with verified contracts. HOOKFI launched on ponsfamily.com as a fair launch on Robinhood Chain. The hook contract and buyback are deployed and verified on the chain explorer. The project maintains an active X presence at @hook_fi for updates on liquidity and burns.

AI-written summary, not the project's own copy