Pick Tencent, Alibaba, BYD, Moutai, CATL. Launch a coin on a bonding curve that is multiplied by the stock's move from the moment you list it. Meme demand on top, the A-share tape underneath. First 88 buyers open a red envelope. Every trade burns $HONG.
Four rules. None of them are a treasury.
Choose the underlying from 18 listed Chinese names across HKEX, Shanghai, Shenzhen and the US ADRs. The stock's live print is locked as your coin's index base at launch.
Price = curve price × (stock now ÷ stock at launch). Moutai up 3% since you listed? Your coin's whole curve is up 3%. Demand moves the curve, the tape moves the multiplier.
1% of every coin's supply goes into 88 red envelopes. The first 88 buyers each open one: a random bonus, hash-seeded, and every 8th buyer gets 1.88× more. Lucky numbers are not a joke here.
1% on every buy and sell. Half buys $HONG at market and burns it. Half fills the envelope pool for the next launches. At 8,888 USDG raised the coin graduates and lists.
Shanghai and Shenzhen trade 09:30–15:00 with a lunch break. Hong Kong to 16:00. When the exchange is closed the index freezes at the last print and the curve keeps trading. The board shows 开盘 / 午休 / 收盘.
Every wallet gets a Practice ledger of 1,000 USDG on connect and a Live ledger funded with USDG you deposit on Robinhood Chain, verified from the on-chain transfer. Each ledger has its own board of coins. Withdraw from Live any time to your wallet.
Live prints, exchange sessions, and how many coins are paired to each.
A launchpad on Robinhood Chain where every coin is paired to a listed Chinese stock. You pick the underlying, name the coin, and it trades on a bonding curve whose price is multiplied by the stock's move since launch. Eighteen names across HKEX, Shanghai, Shenzhen and the US ADRs. Red is up, the way the mainland and Hong Kong tapes show it.
A coin that only reflects its own hype has nothing under it. Paired coins inherit a real tape. When BYD rips on delivery numbers, every BYD-coin rips with it, and the memes compete on top of that. It gives Chinese-market traders something to trade 24/7 in their own names.
Price = curve price × (stock now ÷ stock at launch). The curve is a constant-product bonding curve with virtual reserves of 3,000 USDG and 1.073 billion tokens, the same shape as pump.fun. The index is the underlying's live print divided by the print locked the moment the coin launched, read from the exchange tape every 15 seconds. Demand moves the curve. The tape moves the multiplier.
Practice is a 1,000 USDG ledger every wallet receives on connect, with its own board of coins, the same curve, the same envelopes and the same tape. Live is a second ledger funded by USDG you deposit on Robinhood Chain, with its own board. The two boards never mix, so practice balances never move a live curve. You switch between them with one toggle.
Connect a wallet on Robinhood Chain, open the Live ledger on the board, and send USDG to the treasury address shown there, either from the board with one click or by pasting the transaction hash. The deposit is verified from the transaction receipt: the transfer must be from your wallet, to the treasury, in the USDG token contract, and the amount is read from the transfer event. Once it confirms, your Live balance updates. Minimum deposit is 10 USDG.
Request any amount up to your free Live balance. It leaves your ledger immediately and enters the payout queue with an id. The treasury pays queued withdrawals in USDG to the wallet that deposited, and the transaction hash is attached to your request when it is paid. Coins you hold must be sold back to the curve before that USDG is free to withdraw.
The treasury is a wallet on Robinhood Chain. Its address is printed on the Live ledger, its USDG balance is read from the chain every 30 seconds next to the block it was read at, and every deposit credited to a ledger is tied to a transaction hash you can open on the Robinhood Chain explorer.
One percent of every coin's supply is set aside in 88 envelopes. The first 88 distinct buyers each open one on their first buy: a hash-seeded draw between 0.3× and 2× of an even split, and every eighth buyer's envelope is multiplied by 1.88. Envelopes are credited on top of the purchase and show on the coin's card and on your bags.
One percent on every buy and sell. Half buys $HONG at market and burns it. Half fills the envelope pool for the next launches. The pad's fee, burn and envelope totals are on the board.
When net raised reaches 8,888 USDG the curve closes and the coin is marked listed with the 上市 seal. The raised USDG and remaining supply seed a DEX pool at the closing price and the LP is locked.
The multiplier freezes at the last print. The curve still trades. When Shanghai opens at 09:30 CST the multiplier jumps to the new print and every paired coin gaps with it. HKEX and the US ADRs have their own sessions; the board shows 开盘 / 午休 / 收盘 on every coin.
HKEX: Tencent, Alibaba, BYD, Meituan, Xiaomi, NIO, Li Auto, JD.com, SMIC, ICBC, Ping An and PetroChina. Shanghai and Shenzhen: Kweichow Moutai, Wuliangye, Ping An A and CATL. US: PDD and the Alibaba ADR. Each is priced live off the exchange tape in its own currency.
No. It is a coin whose price is indexed to Tencent's live print. No shares, no dividends, no voting. The index is the only link.
Robinhood Chain mainnet, chain id 4663. USDG is an ERC-20 there, so a deposit is a standard token transfer from your wallet. The board switches your wallet to Robinhood Chain when you deposit. Any EVM wallet works.
The token half of every fee buys and burns. More launches, more trades, more burn. Contract address on Robinhood Chain: 0x7e76856b57cc298bbadf69a4b6a93a02fca259d7. It launched on PONS.
Because a token needs buyers on day one and a brand-new launchpad has none. PONS is an established launcher on Robinhood Chain with its own holders, feed, board and graduation route, so launching $HONG there put the token in front of people already trading on the chain before hong.fun had a single coin on it. That awareness is what the pad opens with. hong.fun is the product; $HONG is the token half of every fee buys and burns, and it was launched where the crowd already was rather than where the crowd would have to be built from zero.
Because that's how the Shanghai, Shenzhen and Hong Kong exchanges display it, and because the pad is for them.
A paired coin can fall from the curve, from the underlying, or both, and a coin that never graduates stays on its curve. Use Practice first, size Live positions you are comfortable with, and read the rules.