After the launch of the Robinhood chain ecosystem token STANDARD, its market value reached 40 million USD

The Robinhood chain ecosystem token STANDARD (The Standard Reserve) reached a market value of 40 million USD two hours after its launch, then fell back, currently reported at 28.91 million USD, with a trading volume exceeding 40 million USD. The current circulating supply of the on-chain STANDARD token is 98,323,639.9815 tokens.

The project aims to become an on-chain sovereign central bank, attempting to replace traditional central banks or DAO governance with immutable smart contract code (about 4,000 lines) to achieve automatic monetary policy. The protocol automatically adjusts monetary policy through the net flow of ETH in the official trading pool of Uniswap v4: when there is a net inflow of funds, it gradually expands the issuance of STANDARD and uses the income to accumulate reserve assets and the protocol's own liquidity; when there is a net outflow of funds, it reduces the issuance and uses the income to buy back and destroy tokens.

The official white paper shows that STANDARD, as the only token in the ecosystem, has a hard cap of 1 billion tokens. At the genesis, only 100 million tokens were pre-mined, and all were locked as the protocol's own liquidity in the ETH--STANDARD pool on Uniswap v4. The remaining 900 million tokens are the issuance budget, and once the cumulative issuance is exhausted, the basic issuance will permanently stop. The trading fee distribution plan is: 70% goes to the reserve/buyback pool, 15% for permanent liquidity, and 15% allocated to the team. The current basic issuance of the protocol starts at 700,000 tokens per day and adjusts the policy multiplier m based on the inflow of ETH (ranging from 0.2 times to 1.25 times, starting at 1 time).