The popularity of the Robinhood Chain has directly driven a surge in several tokens, one of which is Pons.

When I first noticed people frequently mentioning it online, I didn’t pay much attention, considering it merely a copy of an existing model. It wasn’t until yesterday when a friend mentioned this coin again during our chat that I became a bit interested in seeing why this coin has been so popular these past few days.

Pons is the platform coin of the launchpad www.ponsfamily.com/launchpad on the Robinhood Chain.

This launchpad can be understood as an improved version of pump.fun, just on Robinhood’s "pump.fun," and it seems to be the only popular launchpad currently on Robinhood.

Compared to pump.fun, its mechanism has many improvements in aspects like efficiency and token economics.

In terms of efficiency, it does not have the liquidity migration mechanism that pump.fun has.

In pump.fun, when a token is first launched, it is traded locally until its market cap reaches a certain threshold, at which point its liquidity is transferred to a formal, larger DEX (like Raydium). This involves a migration operation.

However, on the Pons launchpad, once a token is launched, it is directly (for example, WETH paired) deployed on a DEX (Uniswap). Once its market cap hits a certain threshold, the token officially "graduates," and its liquidity remains on the DEX. The entire process eliminates the need for liquidity migration.

This enhances efficiency.

Regarding token economics, both PUMP and Pons will be repurchased and burned by the project team, but the Pons team uses a larger proportion of their profits (80%) for repurchase and burn.

Just from these differences, although Pons has improved efficiency and enhanced profit sharing compared to Pump.fun, it seems challenging to explain why the project is so popular and why the token's recent heat is so high.

I think there are two other possible reasons for the token's popularity:

First, the Pons launchpad is the first to establish significant popularity on the Robinhood Chain. It can be said to occupy a first-mover advantage in the entire ecosystem, quickly solidifying a dominant position in the current Robinhood ecosystem.

Although there was another NOXA platform before Pons, which appeared briefly, it quickly suspended operations and was taken over by Pons before gaining any significant momentum.

When pump.fun emerged, there were already similar platforms in the Solana ecosystem, and those platforms had gained a certain level of recognition. So, although Pump.fun later surpassed them, it did not secure a dominant position from the start.

Second, the positioning of the Pons platform has a vision that distinguishes it from Pump.fun and even all existing launch platforms: it positions itself as a platform with broader functionality. It is both a meme coin launch pad like pump.fun and plans to become an important player in the RWA (real-world asset) space.

Prior to Pons, there was already the long.xyz platform on the Robinhood Chain, which was linked to meme coins and stock tokens, but its trading volume was not large enough, and setting such a relatively narrow scope from the beginning may not have been conducive to its growth, so its trading volume never increased.

In this regard, Pons took the path of first increasing trading volume and attracting popularity, then entering the RWA space.

Additionally, besides long.xyz, the vast majority of existing launch platforms do not involve trading linked to RWA.

In this aspect, Pons has surpassed them.

In its plans to enter the RWA field, Pons plans to implement trading pairs comprised of launch tokens and stock tokens in token trading, such as Pons/TESLA.

In this trade, users can use Pons to buy Tesla’s stock tokens and also use Tesla’s stock tokens to buy Pons. This expands the liquidity and trading range of the tokens while also bringing the liquidity of stocks into token trading.

This approach seems to have been tried on a small scale on the platform already, but as of writing, it has not been fully disclosed to the public.

It is believed that this feature will be fully launched soon.

Pons’ planning closely aligns with the goals and visions of the Robinhood Chain's development.

When the Robinhood Chain was launched, it specifically promoted RWA (stock tokens). However, how exactly to achieve this, how to bring the liquidity of traditional stocks into the crypto ecosystem, and create new gameplay in terms of models has not yet been clarified; the only feasible idea seems to be the general buying and selling of stock tokens using stablecoins.

Now, Pons is linking general tokens with stock tokens for trading, and if this approach can scale and significantly increase liquidity, it could set an example for various infrastructure platforms that will be launched in the future:

Everyone will conceptualize how to introduce stock tokens into their own ecosystems and how to connect and interact with their ecosystems.

I believe this is a noteworthy aspect of the project moving forward.

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