HoodBags
Token design · pre-launch

$HOODBAGS
Pay the fee. Burn the fee. Pay the builders.

$HOODBAGS is the fee currency of the protocol. Creating a bag costs a flat 100,000 $HOODBAGS: 50% is burned, 25% is paid out to wallets that already launched a bag, and 25% funds the treasury. Mint and redeem fees are still burned in full. No token contract or market figures are displayed until verified.

Visit Pons Open burn ledger

Planned value flow

Simple enough to audit at a glance.

Fee charged in $HOODBAGS

A flat, tier-discounted amount per mint or redeem.

Burned on the spot

The fee contract destroys the tokens in the same transaction.

Pons fees buy & burn

Trading creator fees market-buy $HOODBAGS and burn it too.

Proof published

Transactions appear only after chain verification.

Bag creation fee

50% burned · 25% creators · 25% treasury

A flat 100,000 $HOODBAGS charged once, when a wallet creates a bag

The factory splits the fee in the same transaction: half goes to 0x…dEaD forever, a quarter funds the creator reward pool shared by everyone who already launched a bag, and a quarter funds the treasury. Planned; inactive until contracts are deployed.

Bag mint / redeem fee

100% burned

Every mint or redemption pays a flat fee in $HOODBAGS

The protocol never keeps the fee: collected $HOODBAGS is burned in the same transaction. Planned; inactive until contracts are deployed.

Pons creator fee

1% → buy & burn

$HOODBAGS trading volume on Pons

Creator fees market-buy $HOODBAGS and send it to the burn address. Planned to route after launch.

Fee model

One currency, three destinations.

Denomination

Every protocol fee is charged in $HOODBAGS, not in the basket's underlying assets.

Creation fee

100,000 $HOODBAGS per bag: 50% burned, 25% paid to existing bag creators, 25% to the treasury.

Mint / redeem

100% burned. No treasury split, no staker distribution, no reward ledger.

Discounts

Holder tiers cut the flat fee, so bigger holders pay less to mint and redeem.

Effect

Usage burns supply and pays the people who actually ship bags — no staking lockup required.

DimensionStaking-style basket protocolsHoodBags
Fee currencyCharged in the basket's underlying assetsCharged in $HOODBAGS
Where fees goSplit between stakers and a treasuryBurned, paid to bag creators, and treasury
To benefitLock tokens in a staking positionHold, or launch a bag and earn from later creators
ComplexityReward ledgers, eligibility delays, claimsOne burn transaction per action

Creation fee · 100,000 $HOODBAGS

Every new bag splits its fee three ways.

The split is fixed in the factory contract and executed in the same transaction that deploys the bag — nothing is held, nothing is discretionary.

Burned

50%

50,000 $HOODBAGS

Sent to 0x…dEaD in the creation transaction. Supply drops with every new bag.

Creator rewards

25%

25,000 $HOODBAGS

Shared equally by every wallet that already launched a bag. Claimable onchain; nobody earns from their own fee.

Treasury

25%

25,000 $HOODBAGS

Funds listings, data, audits and liquidity operations for the protocol.

The loop

Usage in. Supply out.

  1. 01

    A bag is minted or redeemed

    Every action pays a flat protocol fee denominated in $HOODBAGS.

  2. 02

    The fee is burned instantly

    Collected $HOODBAGS is destroyed in the same transaction. No treasury, no stakers.

  3. 03

    $HOODBAGS trades on Pons

    Trading pays a 1% creator fee to the protocol buyback wallet.

  4. 04

    Buyback buys and burns

    Those fees market-buy $HOODBAGS and send it to 0x…dEaD.

  5. 05

    Supply only goes down

    More usage means more burn, better tiers, more creators. Loop repeats.

No fabricated dashboard.

Price, holders, volume, circulating supply, fees, and burns will be indexed from the verified token contract after launch. Until then, the interface shows status—not zeroes dressed up as data.