PANews, September 6: According to Robinhood’s Chinese site, the third-party permissionless token launch platform PAIR has achieved approximately a threefold increase on Robinhood Chain. Its core feature is that new tokens are paired for trading immediately from their genesis block with 1–5 on-chain tokenized U.S. stocks or ETFs, rather than with gas tokens like ETH. Approximately 90% of protocol-level fees are used to repurchase and burn $PAIR, while transaction fees are around 1%, with roughly 70% allocated to creators and 30% retained by the protocol. Purchase limits and single-wallet holding caps are enforced for the genesis block and the subsequent five blocks, but selling remains unrestricted. Official data shows that 101,813,278.68 PAIR tokens have been “burned” to date, equivalent to approximately $3.57 million at the time, representing about 10.2% of the total supply.
Robinhood PAIR Token Surges More Than 3x, Market Cap Tops $50M
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Summary
The Robinhood PAIR token is among the altcoins to watch as it surges more than 3x, with a market cap now exceeding $50 million. The token pairs with 1–5 tokenized U.S. stocks or ETFs, not gas tokens like the ETH market update suggests. Approximately 90% of protocol fees are used to buy and burn $PAIR, while 70% of trading fees go to creators. To date, 101,813,278.68 PAIR tokens have been burned, valued at $3.57 million—10.2% of the total supply.
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