Every pons is a vault. Lock tokens, mint the NFT, burn it any time to take them back. Read the docs
wPONS
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X OpenSea

How wPONS works

wPONS is a deflationary wrapper on Robinhood Chain. Seal wPONS tokens inside the wrap contract and mint a glass pons NFT backed by them. While the pons lives, its tokens are out of circulation. Burn the pons and the tokens come back.

The mechanism

  1. Wrap. One click on the home page. The contract pulls the wrap amount of wPONS from your wallet and mints a pons to you in the same transaction. The first wrap also asks for a one time token approval.
  2. Trade it. The pons is a standard ERC-721. It shows up on OpenSea automatically and trades like any NFT. The locked tokens are not attached to your wallet. They are attached to the pons. Sell it and the new owner controls the vault.
  3. Burn to redeem. The owner of a pons can unwrap it at any moment. The NFT is burned forever and the contract sends the locked tokens to the owner.

Why the floor holds

Every pons can always be turned back into the tokens inside it. Selling a pons below the value of its vault makes no sense. Unwrapping pays more. That gives the collection a hard price floor equal to the locked tokens, plus whatever the market pays for the art on top.

Deflation

Every wrap removes tokens from circulation, and the home page shows it live: pons alive, tokens locked, total wrapped and unwrapped. Supply returns only when someone burns a pons.

The wrap amount and the token address are fixed in the contract at deploy time. There is no admin function to touch the vault, pause the contract or change the rules. Nobody can. Including us.

Official contracts

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OpenSea

The collection is indexed by OpenSea automatically after the first wrap. Each pons page shows the art, the owner and the vault. Listings and offers work like any other NFT collection.

FAQ

Do I need anything besides tokens? A wallet on Robinhood Chain and a little ETH for gas. Gas here costs fractions of a cent.

Can the team take the locked tokens? No. The contract has no withdrawal function. Tokens leave the vault only through unwrap, and only to the pons owner.

What happens if I sell my pons? The buyer gets the NFT and with it the right to unwrap. You keep the sale proceeds.

How many pons can exist? Total token supply divided by the wrap amount. The cap is pure math, not a whitelist.