BITORY TRADE

A memecoin whose pool is priced in a stock token

BITORY TRADE is a memecoin with one deliberate twist. Most memecoins on Robinhood Chain trade against ETH, so their pools fill up with ETH as people buy. The main pool of $BITORY is meant to trade against a tokenized stock instead: the official Coinbase (COIN) stock token that already lives on the same chain. When someone buys $BITORY, they pay in COIN. When someone sells, they are paid in COIN.

That is the whole idea, and it is a small one on purpose. The meme is the token. The stock token is simply the unit the pool counts in, which makes the pool easy to read: instead of an abstract liquidity figure, you can see a number of COIN tokens sitting behind $BITORY and watch that number move as people trade.

This site is built around that number. The desk at the top of the page is a live terminal that reads the chain every few seconds and shows how much COIN is on the book, what one $BITORY costs in COIN and in dollars, and where each figure came from. Before the token launches, the desk already shows the parts that exist today: the COIN price from Chainlink, how much COIN has been tokenized on Robinhood Chain, and the target the launch curve will need to reach.

How every buy adds stock tokens to the pool

$BITORY is planned to launch on Pons, the launchpad on Robinhood Chain that lets a creator choose the pair asset of a new token. Pons accepts a short list of official stock tokens as pair assets, and COIN is on that list: the desk reads that approval from the Pons factory itself.

Stage one: the bonding curve

A Pons launch starts on a bonding curve. The curve holds the whole sellable supply and quotes a price that rises as tokens leave it. Each buy sends COIN into the curve and takes $BITORY out; each sell does the reverse. A 1% fee is taken on every trade, in COIN, and Pons credits 0.7% of the traded amount to the launch's creator fee recipient. The rest of the COIN stays in the curve as its reserve. That reserve is the first half of what the desk calls “on the book”.

Stage two: graduation into a Uniswap v4 pool

When the curve's real COIN reserve reaches the graduation target that Pons sets for COIN pairs, the curve closes. Pons moves the COIN and the remaining tokens into a Uniswap v4 pool spread over the full price range, still paired with COIN. From then on, every buy still pays COIN into the pool and every sell takes COIN out. The desk switches from reading the curve to reading the pool's state in the v4 pool manager, and converts the pool's liquidity into a COIN amount with the same formula the on-chain meter uses.

“Watch the pool grow” means exactly this: when buying outweighs selling, the COIN on the book goes up, and you can see it happen in real time. When selling outweighs buying, it goes down, and the desk shows that just as plainly.

Why the proposed pair is the COIN stock token

The pair asset is a choice the owner makes once, at launch, and cannot change afterwards. This site proposes Coinbase (COIN) for three reasons that can be checked on chain. It is an official stock token: its contract is a proxy of the issuer's stock-token beacon, its name ends in “Robinhood Token”, and its address is the one listed in the issuer's registry rather than one of the look-alikes that copy the ticker. Pons approves it as a pair asset. And it has a working Uniswap v3 pool against ETH on Robinhood Chain, so a buyer who holds only ETH has a route to get COIN first.

The other official stock tokens Pons accepts were checked the same way: NVIDIA (NVDA), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), Alphabet (GOOGL), Apple (AAPL), Meta Platforms (META). Any of them can replace COIN by changing one line in the site's configuration before launch. Until the owner confirms the pair, treat COIN as a proposal.

Stock tokens are found by address, never by ticker. Dozens of unrelated tokens on Robinhood Chain use stock tickers as their symbols. The desk only ever reads the official contract at the address in its configuration.

Reading the desk: what each figure means and where it comes from

Every figure on the desk carries its source under it. Nothing is typed in by hand. Here is what each one is:

• COIN on the book: the COIN held by the curve as tradeable reserve, or after graduation, the COIN side of the v4 pool's liquidity. Fees waiting to be swept are not counted.
• Price (COIN): one $BITORY in COIN, from the curve's reserves or the pool's current price.
• Price (USD): the COIN price times the Chainlink COIN/USD feed. Stock feeds update during market hours, so outside them the dollar figure uses the last market price; the feed light turns amber when that price is several days old.
• Supply and market cap: the token's own totalSupply(), and supply times the USD price.
• Share of tokenized COIN: the COIN on the book divided by all COIN that exists on Robinhood Chain, read from the stock token's totalSupply().
• 24 h volume and holders: from Dexscreener and the Blockscout explorer once the token exists. If either source is unavailable the tile says so instead of guessing.

The status lights on the top plate report the chain connection, your wallet, the launch and the price feed. The red resync key reads everything again on the spot. The dial turns the screen between the desk, the bulletin of dated project notes, and the list of pools where the stock token sits.

The stock keep: creator fees held as stock tokens

A Pons launch pays its creator share of the trading fee to one address chosen at launch. Because $BITORY trades against COIN, those fees arrive as COIN. The project proposes to name a small contract, BitoryStockKeep, as that address. Anyone can call it to pull the waiting COIN out of the Pons fee escrow, or to push fees still sitting on the curve into the escrow first.

The keep has no owner, no admin, no upgrade path and no function that sends tokens out. What it collects stays in it, in plain view, and the keep desk shows its balance and every collection. It is a public record of fees taken in stock tokens, not a fund: holding $BITORY gives no claim on it. The contract and a second, read-only one, BitoryPoolMeter, are written and tested against the live chain. They are deployed by the owner before launch; until then the keep desk runs in a clearly marked practice mode.

What BITORY TRADE does not promise

The stock token in the pool does not back $BITORY. It does not set a floor price, it does not track the stock, and it is not owned by holders. If everyone sells, the COIN leaves the pool with them. The price of $BITORY is whatever buyers and sellers make it, and memecoins can lose all of their value.

The stock token itself has an issuer with real powers: it can pause transfers and block or burn balances anywhere, including in pools and contracts. The COIN price also only moves while its market is open. These are properties of the pair asset that no contract on this site can change.

Other tokens with names or tickers close to $BITORY may appear on this chain or on others. The only address that counts is the one published here and on the official X account.

Questions people ask about BITORY TRADE