Index token Ponsdaq is a self-trading index token on Robinhood Chain tied to the Pons ecosystem. Ponsdaq (PONSDAQ) functions as an index token on Robinhood Chain. It automatically acquires top Pons launches selected by on-chain momentum. The token uses trading fees to fund hourly basket rotations and distributions to qualifying holders. Self-trading mechanism A 3% creator fee on trades funds momentum-based purchases of top Pons tokens every hour. Every buy or sell of Ponsdaq routes a 3% fee into an escrow. A momentum engine scores indexed Pons tokens using transfer velocity and wallet activity. The keeper buys the top 10 at target weights and settles the basket pro-rata into holder wallets, with a portion used for buybacks and burns. Pons ecosystem origin It emerged from Pons, the dominant meme launchpad on Robinhood Chain, via a founder tweet. Ponsdaq originated as the meme layer around a Pons founder tweet referencing tokenized stock holdings in the points treasury. It indexes the broader Pons meme coin economy on Robinhood Chain. The project maintains an active X presence at @ponsdaqfun and transparent on-chain records of all distributions.

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