Risk notice · The Plug

You can lose all of it

The tokens listed here are launched by third parties on pons. They have no business behind them, no revenue, no guarantee of a buyer and no floor price. Most of them go to zero. Only commit money you are willing to lose entirely, and assume that is the outcome.

Transactions are irreversible

Every action happens on Robinhood Chain from your own wallet. Once a transaction is confirmed there is no undo, no chargeback, no support desk that can reverse it, and no one who can recover funds sent to a wrong address. We never hold your keys or your assets, which also means we can never return them.

Prices move between the moment you sign and the moment your transaction lands. Set a slippage tolerance you are actually comfortable with; a wide tolerance can fill far away from the quote you saw.

Callouts are opinions, and they are paid

A callout is a post by another trader. The entry price and profit shown next to it come from chain data, but the thesis itself is unverified opinion written by someone who is paid a share of the fees on trades that arrive through their link, for as long as they keep at least 50% of the position they held when they posted.

That is a conflict of interest by design, and it is disclosed on every callout. Treat callouts as marketing with skin in the game, not as research or financial advice. A caller who is up on paper can still be selling into your buy.

Mechanics that surprise people

Buys through our router pay a 0.50% fee (0.10% when no caller is earning on the buy) in the token's quote asset, on top of pons' own hook fee and any creator tax the launcher set. Sells pay nothing to us but still pay pons' fees.
Tokens are quoted in whatever the launcher chose on pons: ETH, USDG, or a tokenized stock. A tokenized-stock quote means you are exposed to that stock's price as well as the meme's. Check the quote asset on the trade panel before you buy.
Curve prices rise as people buy and fall as people sell. Being early is not a guarantee of anything; being late into a steep curve means you are the exit liquidity. Once a curve fills, pons moves trading into a Uniswap pool; locked liquidity means the pool cannot be pulled. It does not mean the price cannot collapse.
Some pons launches never reach a pool (the curve is swept). Those tokens cannot be traded through our router and may not be tradable anywhere.
Anyone can launch a token on pons with any name, ticker or image, including ones that impersonate a real project or person. A name here proves nothing. Check the contract address.

Experimental software

Our router, registry, site and indexer are new code, and they sit on top of pons' contracts, which we do not control. Smart contracts can contain bugs, and upgradeable contracts can be changed. Chain data can lag, quotes can be stale, and the interface can be wrong or unavailable at exactly the moment you want to trade. The contracts are the source of truth; the site is a convenience.

Robinhood Chain itself is an independent network. The Plug is not affiliated with, endorsed by, or connected to Robinhood Markets, Inc. or to pons.

Your responsibility

You decide whether trading these assets is legal where you live and whether it fits your circumstances. You are responsible for your own taxes, your own key security and your own due diligence. If you need advice, get it from a licensed professional, not from a leaderboard.