The market map
Every coin inside every index, live. Equal weight: every coin is one tile, 1/10th of its index. Coloured by the 24h move, flashing when a price ticks. Tap one to open the coin.
The wire
Every move that matters, the moment the engine sees it: sharp index moves, record highs, new listings, coins leaving an index.
Nobody has posted yet. Every index has a floor on its trade page: connect, pick a name and say something.
No closed trades yet. The first close puts somebody on the board.
Long it.
Short it.
One click. A whole sector. 1x to 5x.
Longs trade against shorts in one book per index: no house on the other side and no liquidation. Every position is public on the index's order book, so you can see who is long, who is short and how big. Only matched exposure is live, so the emptier side is always fully matched.
Open the terminal →Bars share one scale. Matched is the share of the bigger side that moves with the index.
Every fee
burns a coin.
Fees
0.25% of every trade's size, long or short, in and out.
$0 in 24hVault
One vault per index, filled only by its own traders.
$0 waitingHourly split
Every 60 minutes the vault is split equally across the coins.
next in —Buy + burn
Each share buys its coin on chain and burns it. Supply gone for good.
0 coin burnsGet listed.
Get burned.
Nobody applies and nobody pays. Clear the screens, out-rank the smallest member at a review, and your coin takes a seat. From then on every trade on its index buys it and burns it.
| HOOD10 | STOCK10 |
|---|
Plus: organic-volume and thin-pool filters, stablecoins and leveraged tokens excluded. Members keep their seat on looser maintenance screens, with a rank buffer so coins do not flap in and out.
How listing works →The index
of indexes.
$INDEX
$INDEX is the coin behind the exchange, launched on Pons. The indexes, the reviews and the wire already run on live Robinhood Chain prices.
Open the $INDEX page →Questions
01Do I own the coins in the index?
No. A position follows the index level; it does not hold the coins. The coins are bought on chain only by the burns, with the trading fees.
02How are the indexes weighted?
Equal weight: every member counts 1/10th of its index, reset at every print. A small coin moves the index as much as a big one.
03How often do prices update?
The index prints every 30 seconds from live Robinhood Chain prices. A member without a fresh price keeps its last one until the next print.
04Who is on the other side of my trade?
Other traders. Longs and shorts of the same index face each other; there is no house taking the other side.
05Can I get liquidated?
No forced liquidation and no penalty. Your loss is capped at what you put in: at 5x, a 20% move against you takes the position to zero.
06Why does my position say 72% matched?
When one side is bigger, only the part matched by the other side moves with the index. The emptier side is always fully matched.
07When do coins join or leave?
At the reviews, 00, 06, 12 and 18 UTC. New coins must clear the entry screens; members stay while they clear the looser maintenance screens and rank inside the buffer.
08What does it cost?
0.25% of the position's size when you open and when you close. All of it goes to the index's vault and buys its coins to burn them.
09Which chain?
Robinhood Chain. Positions are in ETH; $INDEX is launched on Pons.