StockFirmThe token trades
Ordinary market activity. Somebody buys, somebody sells, and the Pons pool charges a creator fee on it, the same way it would for any other launch.
Pons v2 Robinhood Chain · chain 4663
Funded Tokenized Stock Trading Accounts on Robinhood Chain
Trade. Pass. Get Funded.
Tradeable in the evaluation
AAPLNVDATSLA
GOOGLMETAAMZN
MSFTETFs
The evaluation terminal
Stage 1 · preview
AAPL +1.31%NVDA +0.74%
TSLA -1.74%GOOGL -2.09%
META +2.80%AMZN +0.27%
MSFT -0.53%SPY -1.25%
$100.00
Started at $100 · +$0.00 (0.00%)
To target · $4000.0%
Drawdown room to $90$10 left
Closed trades
Trading days
Distinct tickers
✓Position cap
AAPL O407.20 H899.10 L364.40 C867.31
Start Challenge
$25 entry, a $100 account, two stages. Grow it 300%, then 500%,
inside a 10% drawdown floor. Only the fee is at risk.
Where the money comes from
Funded by 100% of the token fees.
CA: ???
Every trade in our token generates creator fees. At token creation the creator-fee recipient is set to the vault contract instead of a team wallet, and the routing is immutable in every way that is practical to make immutable. There is no teamWithdrawFees().
Not this
No team allocation
The fee recipient is a contract, not a multisig we control. There is no admin path that redirects the flow to an address we choose later.
Not this
No staking, no emissions
The token pays nobody for holding it. It has one job, and inventing a second one would only dilute the first.
This
Fees become trading capital
Fees arrive, get converted into the reserve asset the desk funds accounts in, and sit in the vault waiting for someone to prove they deserve them.
The vault publishes total fees received, total capital held, capital currently deployed, capital available, funded trader count, payouts made and profit returned. All of it on-chain, all of it on this page. The narrative is meant to be checkable rather than believed.
Six steps, and the sixth one starts it again.
01 / 06The fee router collects
Every creator-fee payout lands in a router whose only outbound path is the vault. It cannot pay a team wallet because no function exists that would let it.
The vault holds it
Fees are converted into the stable reserve the desk funds accounts in. The vault keeps 40% liquid and allows at most 60% to be deployed to traders at any one time.
Traders prove themselves
Two evaluation stages on live market data and simulated money. Stage one asks whether you can make money. Stage two asks whether you can be trusted with ours.
Capital gets allocated
A restricted smart account is funded with real protocol capital. The trader picks the trades; the contract enforces position size, daily loss and drawdown.
Profit splits and recycles
80% of profit goes to the trader. 20% returns to the vault alongside the principal, which is what funds the next trader, and the one after that.
How it works
Five steps. You pay for none of them.
Most prop firms make their money selling challenges to people who fail them. We do not need to: the funding pool is generated by token volume, not by your entry fee. One free evaluation per wallet, every 30 days.
01
Take the test
Connect a wallet and receive a simulated $10,000 Stock Token account, priced against live market data.
02
Prove yourself
Hit the profit target without breaking the drawdown limits, across enough days, trades and tickers to rule out luck.
03
Get funded
Pass both stages and become eligible for real capital, subject to what the vault actually holds on the day you qualify.
04
Trade
Real Stock Tokens, real protocol capital, inside a smart account that can buy and sell approved assets and do nothing else.
05
Get paid
Keep 80% of qualifying profits. Payouts are weekly at launch, with manual review on unusually large ones until the system has a track record.
The evaluation
Stage 1 · evaluation access
Connecting
Sign in to claim your evaluation account
One free simulated $10,000 account per wallet, every 30 days. Sign in with a wallet you already hold, or with an email, Privy will create a non-custodial embedded wallet for you. We never take custody of anything you own.
Trading wallet
-
Attempts available
1 of 1
Evaluation status
Queued for phase 1
Secured by Privy · non-custodial embedded wallet · signing in proves the wallet is yours
and does nothing else. No approval, no transaction, no spend permission.
Reaches the target inside the corridor
Ahead early, gives it back, breaches the floor
Illustrative paths, not historical results
Why the minimums exist. Without them, the winning strategy is to put the whole account into one NVDA move, get lucky once, and collect real protocol money. Ten trades over five days across three tickers, with no position above a quarter of equity, is the cheapest test we know of that a single lucky trade cannot pass.
Priced by the backend
The browser never computes your PNL
- Buys fill at the executable ask, sells at the executable bid, never the midpoint
- Corporate-action multiplier applied, so a split does not read as a crash
- Realistic spread and a server-side execution timestamp on every fill
- Trading-halt flag respected: if the asset is halted, the order does not fill
- One consistent pricing model, venue quotes and on-chain feeds are never mixed mid-trade
Anti-abuse
One serious attempt, not infinite lottery tickets
- One free evaluation per wallet every 30 days
- One active challenge per identity, no parallel accounts hedging each other
- Minimum wallet age, so a fresh wallet per attempt does not work
- Cooldown after a failure rather than an instant reset
- No unlimited retries, and no paid resets at launch
Funded accounts
Real capital, in an account you cannot empty.
We are not going to send you $2,500 and hope you trade it. A funded trader gets a restricted smart account: the capital is real and so is the exposure, but custody stays with the protocol and the risk limits are enforced by the contract rather than by a rule in a PDF.
The trading key can
Trade, and only trade
- Buy an approved Stock Token
- Sell an approved Stock Token
- Route through the approved execution path only
- Close a position at any time
The trading key cannot
Touch the principal
transfer()to any external addressapprove()an arbitrary contract- Withdraw the principal, ever
- Buy a token that is not on the approved list
- Bridge funds or call an unknown contract
| Funded account limits | Rule | On a $2,500 account |
|---|---|---|
| Starting allocation Tier 1 | - | $2,500 |
| Maximum position size | 20% of equity | $500 |
| Maximum simultaneous positions | 5 | 5 |
| Maximum daily loss | 2% | $50 |
| Maximum total drawdown Account closes, capital returns to the vault | 5% | Floor at $2,375 |
| Leverage | None at launch | Spot, long-only |
| Instruments | Approved Stock Tokens | Canonical contracts only |
| Profit split | 80 / 20 | Trader keeps 80% |
No shorts, no margin, no options, no perps. V1 is buy and sell. Leverage multiplies both the infrastructure and the ways a funded account can end badly, and neither is worth carrying before the simple version has proven itself.
Naive funding, what we are not doing
$2,500
Send the trader the money and trust them. Maximum loss per allocation is the entire
allocation, and that is before anyone simply keeps it.
Enforced drawdown, what we do
$125
The account closes at $2,375 and the remaining $2,375 returns to the vault. Maximum loss
on the allocation is 5% of it, subject to execution gaps and real market risk.
Funding capacity
Passing does not create money.
This is the part most funded-trader programmes lie about. A displayed $100M available that does not exist is just marketing. Our funded capital is capped by what the vault actually holds, so displayed funding equals real funding, always.
| Worked example, per $100,000 in the vault | Rule | Result |
|---|---|---|
| Liquid reserve, never deployed | 40% | $40,000 |
| Maximum deployed to traders | 60% | $60,000 |
| Funded accounts supportable At the $2,500 tier | $60,000 / $2,500 | 24 accounts |
| Theoretical loss if every account breaches | 24 × $125 | $3,000, 3% of the vault |
If 100 people pass and there is room for 15, then 15 people get funded. The other 85 join the Funding Queue and are ranked by Funding Score, risk-adjusted stage results, consistency, lower drawdown, rather than by who refreshed fastest. As fees arrive or funded capital returns, the next qualifying traders are allocated. Nobody is promised a tier the vault cannot support.
The split
80% to the trader. 20% back into the pool.
Trader, 80%
$200
On a $2,500 account taken to $2,750. Paid out; the trader keeps trading the allocation.
Funding Vault, 20%
$50
Returns with the principal. Without this share the vault would fund traders forever and
never grow from their success, a good trader would enrich only themselves.
Scaling
A trader who performs should not stay at $2,500.
| Tier | Allocation | Maximum single position | Hard floor |
|---|---|---|---|
| Tier 1 Entry allocation on passing | $2,500 | $500 | $2,375 |
| Tier 2 | $5,000 | $1,000 | $4,750 |
| Tier 3 | $10,000 | $2,000 | $9,500 |
| Tier 4 | $25,000 | $5,000 | $23,750 |
| Tier 5 | $50,000+ | $10,000+ | −5% of allocation |
Progression depends on cumulative realised return, maximum drawdown, number of trades and trading days, consistency across periods, risk-adjusted return, rule violations, and on whether the vault can currently support the next tier. The last condition is not negotiable.
Trader Score
One public number, and it is not just returns.
Return alone rewards the trader who bet everything once and survived. The score is weighted so that surviving is worth almost as much as winning, and so that a single lucky position cannot carry a profile.
| Example profile Illustrative | Funded | Return | Max DD | Win rate | Profit paid | Score |
|---|---|---|---|---|---|---|
| @trader | $10,000 | +18.4% | −2.1% | 61% | $1,840 | 91 |
Profiles are public. A funded account trading protocol capital should be inspectable by the people whose token volume paid for it.
FAQ
The questions worth asking.
What stops the team taking the fees?
The creator-fee recipient is set to the router contract at token creation, and the router has no function
that pays anyone but the vault. There is no teamWithdrawFees(), and no admin method that can
silently point the flow elsewhere.
You should not take that on faith. Read the router, check the fee recipient on the token, and watch the vault balance move. Everything the site displays is read from those contracts.
Is the challenge really free?
Yes, one attempt per wallet every 30 days. The funding pool comes from token volume, so we do not need to sell you a challenge you are statistically likely to fail, which is how most prop firms actually make their money.
A small reset fee may exist later for people who want more than one attempt in a window. The free first attempt is the point: you should not need money to prove you can trade.
Do I ever hold the funded capital?
No, and that is what makes funding strangers possible. You get a trading key to a restricted smart account that can buy and sell approved Stock Tokens and nothing else, no transfers out, no arbitrary approvals, no bridging, no unapproved assets.
Your profit share is paid to you. The principal stays owned by the protocol for as long as the account is open.
What happens if I blow the funded account?
The account closes at the 5% drawdown floor, $2,375 on a $2,500 allocation, and the remaining capital returns to the vault automatically. You lose funded status; the protocol loses at most the 5%, subject to execution gaps and real market risk.
You can qualify again through the evaluation. A blown account is not a ban.
I passed. Why am I in a queue?
Because passing an evaluation does not conjure capital. Funded account sizes are constrained by what the vault holds, and we will not display funding capacity that does not exist.
The queue is ranked by Funding Score rather than arrival time, so the strongest risk-adjusted results are allocated first as fees accumulate or funded capital returns.
Why not let people short, or use leverage?
Because V1 has to survive contact with real money. Spot and long-only has a known worst case that a contract can enforce. Shorts, margin, options and perps each add liquidation paths and infrastructure that would need to be right on day one.
If the simple version works, leverage is a V2 problem.
Why does the vault keep 40% idle?
So that a bad week across many funded accounts does not empty it, and so returning traders and new qualifiers can be funded without waiting on fee inflow. Deploying every dollar to traders would maximise the headline number and minimise the protocol.
Can I game the evaluation with one lucky trade?
That is exactly what the minimums are for: ten closed trades, five separate trading days, three distinct Stock Tokens, and no position above 25% of equity. A single position cannot both stay inside the size cap and carry the whole target.
Pricing is computed server-side against executable bid and ask with the corporate-action multiplier applied, so the other obvious exploit, mispricing your own fills, is not available either.
What are the real risks here?
Fee revenue is a function of token volume, and volume is not guaranteed. If the token trades thinly the vault grows slowly and fewer traders get funded, that is the honest failure mode, and it is why the queue exists rather than a fixed promise of capital.
Beyond that: the contracts are unaudited at launch, Stock Token liquidity varies by ticker, halts and corporate actions are real, and an approved-asset list is a curated list, which means trusting the curation. Read the contracts before trusting them with size.
You do not need money. You need skill.
Trade the token. Fund the vault. Prove your edge. Get funded. Make money. Fund the next trader.