$HOODMONEY
Every fee HoodPaid claims is split 90 / 7 / 3. The 90% is paid to an X account, 3% runs the bridge. The 7% buys $HOODMONEY on the open market and burns it, so the supply only ever goes down.
$HOODMONEY has not been issued. Until it is, the protocol cut accrues in the ledger as pending buybacks rather than being spent, and every one of them is recorded against the fee event that produced it.
That means the first burn is not a promise about future revenue. It is spending a balance that already exists by the time it happens.
What it is for
$HOODMONEYis the protocol's value accrual, not a governance token and not a fee token. Holding it does not change what HoodPaid charges, who can launch, or who gets paid. Nothing about the bridge is gated behind it.
Its only job is to be the thing the 7% is spent on. The more fees the bridge carries, the more supply is removed.
How the buy and burn works
- 1A claim settlesCreator fees are claimed on chain and recorded as a fee event, keyed on the claim's own transaction hash.
- 2The cut is set aside7% of that event is written to the ledger as a pending buyback, tied to the fee event it came from.
- 3$HOODMONEY is bought on the open marketThe treasury buys from the same market as everyone else — the pons bonding curve, or the Uniswap v4 pool after graduation — at whatever the price is when it buys.
- 4The tokens are burntburn() lowers the total supply on chain. Both the buy and the burn are public transactions, so the whole path can be checked by anyone.
One chain, one supply
Every HoodPaid token earns its fees on Robinhood Chain, and $HOODMONEY lives there too. Nothing crosses a bridge: the claim, the payout and the burn all happen on the same chain, in ETH, from the same treasury wallet.