This bag stands for
0.42 NVDA
0.25 SPY
what a wallet's coins stand for
- Pre-launch
- Robinhood Chain
- chainId 4663
The memecoin
with stock
inside.
Every trade buys NVDA and SPY stock tokens. Burn the coin, take them out.
$HYBRIDthe memecoin
NVDA + SPYstock tokens
Illustration of the mechanism. The real vault opens at zero.
In the vault now
Pre-launchPre-launch. Every figure in this row is a real zero.
- NVDA held
- 0.0000
- SPY held
- 0.0000
- per 1,000,000 $HYBRID
- 0.0000 / 0.0000
- price / book
- n/a
Next buy: when the first fee arrives.
Edge
Contract address
Not struck yet
$HYBRID has no contract address today. Any address you are shown before this line changes is fake.
Nothing to copy before launch
Beware of fake addresses. The real one appears here and in the docs, and it is the same in both.
Where to check and trade it
- ExplorerRead the contractat launch
DEX ScreenerChart and poolsat launch- RelayBridge in and buyat launch
- Robinhood Chain
- chainId 4663
- network fees in ETH
Alloy
A memecoin on the outside. NVDA and SPY on the inside.
A clad coin has one metal on its faces and another in its core, and the core shows on its edge. $HYBRID is built the same way. The stock tokens sit in a vault contract, and every coin is a claim on a slice of that vault.
How much is inside depends on the fees collected. At launch it is nothing. "Half meme, half stock" is what the name means, never a promised ratio.
What goes in the core
NVDA
A stock token that follows the price of an Nvidia share.
SPY
A stock token that follows the price of an S&P 500 ETF share.
Stock tokens follow a share's price. They are not the share, and they carry no ownership or vote today.
Open any other coin, then open this one.
Other coins and RWA sites: The fee goes to a private wallet; you trust a post
Hybirdex: The fee goes to a vault with no owner and no withdraw function
Other coins and RWA sites: A "buyback" nobody can check
Hybirdex: Every purchase is one line with its tx hash
Other coins and RWA sites: The coin dies holding nothing
Hybirdex: The coin dies holding stock tokens you can take
Other coins and RWA sites: Stock is only the trading pair
Hybirdex: Stock sits inside the coin, behind a burn
Other coins and RWA sites: Needs visitors on a site before it makes money
Hybirdex: Works wherever the coin trades; the site is a window, not the engine
Other coins and RWA sites: Ten products, no hook
Hybirdex: One product, one sentence
A coin with a trading fee collects real money. Where that money goes is the whole story.
What Hybirdex does instead
Make the fee itself the product. Point it at a contract that can do exactly one thing with it, buy NVDA and SPY, and give every holder the right to burn the coin and take a share. Nobody has to visit anything for that to work. The site only shows what the contract already did.
Measured on the reference, 2026-10-13
Read from HyperDex's own public API and from the chain. HyperDex is an RWA marketplace on the same chain, with a coin on top.
68.8 ETH
its coin's trading fee in 19 days, about $172,000
Paid to an ordinary wallet, not to a contract.
51.3 ETH
of that fee left the chain
Sent over a bridge.
882,004
coins bought with fees, of 17,882,004 "burned so far"
The other 17,000,000 were the deployer's own coins, burned one hour after launch.
60%
of its swap volume came from one wallet
The coin's deployer. Lifetime: 273 transfers, $228,000, 80 wallets.
$3,930
moved through a stock or RWA token
81 transfers in total.
about $1,000
product fees collected, lifetime
$14.0M
traded in the chain's stock-token pools that same day
In 24 hours.
The only real money in that system is the coin's own fee, and it never touches the product. Hybirdex starts from that fee and builds nothing else until it is handled in the open.
What the reference does better
- Ten live products behind one menu; we ship one.
- Routing across 69 chains and a launchpad on four.
- A polished interface and docs that state their limits.
- 1,926 holders and a market value near $3.2M on the day it was measured. We start at zero on both.
- It deploys no contracts of its own, so it carries no contract risk of its own. Our vault is new code.
Pour
Every trade pours stock in.
One trade, followed to the end. The fee never passes through a person: the launchpad credits it to the vault, and the vault can do one thing with it.
A trade of $HYBRID
about 2.7% of taxed volume
poke()anyone may call it
23%Team wallet
2%Caller
75%Vaultbuys NVDA and SPY
Each dot is a share of one claim: 75 in 100 reach the vault.
Vault buys NVDA and SPY
75%
Team wallet in ETH, same transaction
23%
Caller a tip for calling poke()
2%
Nobody can change these three numbers after deploy, including the team.
Run the arithmetic
Arithmetic at a chosen volume, not a forecast.- Fees in
- $6,750
- To the vault
- $5,062
- Team
- $1,552
- Tip
- $135
At the prices below, the vault's part is about 11.2 NVDA and 3.24 SPY a day.
Prices read from the chain's pools on 2026-10-13: NVDA $224.99, SPY $779.80.
For scale: the reference coin averaged about $9,070 in fees a day over its first 19 days.
Buy engine
The vault buys in small, spaced, price-guarded steps. Anyone may call it.
0.25 ETH
at most, in one buy
10 min
at least, between buys
1%
from the pool's own 30-minute mean, or the buy reverts
One door for money
The trading fee of $HYBRID. There is no second door.
- No subscription
- No credit pack
- No fee on the Trade page
- No fee to redeem beyond the 3% that stays in the vault
- Holders pay only the coin's own trading fee.
- Redeemers leave 3% of their slice in the vault. That is not income for anyone; it raises book per coin.
- Later, a factory fee: each hybrid launched through it sends a fixed share of its fee to buy stock for this vault.
- Read access for trackers and wallets stays free.
What the team is paid, and for what
- Income: 23% of the fee, in ETH, visible on the Proof page.
- No coins minted to the team. The only team coins are the 3% bought at launch and locked 90 days.
- Costs covered by it: the contract review, hosting, the caller script's network fees, design.
- If volume stops, team income stops the same hour. The vault and the right to redeem stay exactly as they are.
Melt
Burn the coin. Take the stock.
redeem() burns your coins and sends you a slice of both stock tokens. Two signatures from your own wallet, and nobody else has a say.
For each of the two stock tokens
amount÷total supply×the vault's balance×97%
Take stock out
Example vaultNumbers invented for the arithmetic. The real vault opens at zero.
- You receive
- 0.9700 NVDA0.5820 SPY
- Stays behind3% of your slice, for everyone who stays
- 0.0300 NVDA0.0180 SPY
- Your share of supply
- 1.00%
- Every remaining coin's slice
- +0.0303%
- Worth aboutat 2026-10-13 prices
- $672.08
Two ways out, side by side
The Take page always shows both exits and says which one pays more.
Said plainly: this is a backstop under the price, not a floor close to it. On the reference's own fee history the vault would have been about a third of market value on the coin's worst day. It matters most when a coin is dying, which is exactly when other coins have nothing.
Example vault
Above book
- Selling these coins pays
- $1,075.33
- Taking stock is worth
- $672.08
Selling pays more today. This is the normal state.
Sample: 10,000,000 coins against the example vault, at 2026-10-13 prices. A buy on the market also pays the coin's 3% trading fee, so the arithmetic turns positive a little under 1.00, not at it.
- Fees not yet claimed are not part of a redemption, and neither is ETH that has just arrived in the buy budget. Whoever leaves gets a little less, never more. ETH that has sat in the budget unspent through a whole 15-day window is part of it.
- The issuer of the stock tokens restricts them in some countries. The app asks for a declaration before a redemption and before a purchase of a stock token. The contract cannot check where a person lives.
Assay
Every purchase is one line you can check.
An assay tells you what a coin is really made of. This one is written by the chain: one line per purchase, each with its transaction, and one figure that says how much of the volume is our own.
Ledger
Pre-launchNo purchases yet. The vault opens at zero.
First line: when the first fee arrives.
Sample lines, format only
- 2026-xx-xx 14:020.25 ETH→ 2.78 NVDA0x…
- 2026-xx-xx 14:120.25 ETH→ 0.80 SPY0x…
One note a day, written from the chain
Sample notes, format onlyA day with purchases
Hybirdex acquired 11.1 NVDA and 3.2 SPY today.
A day without
No fees, no purchase.
The note is written from the chain, by hand or by a script, never from a marketing plan.
Meter
Pre-launchShare of $HYBRID volume that came from our own wallets
- 0.0%
- last 7 days
- 0.0%
- since launch
No volume yet. The meter starts with the first trade.
- Team wallet
- published at launch
- Caller script
- published at launch
- Dev lock
- published at launch
If it is ever high, it says so in the same type size.
The reference's biggest user was its own deployer. This meter is how a reader checks that ours is not.
Three cards, made to be posted
Every card carries the contract address and the domain. They state stock tokens, not a dollar figure, so they stay true when the price moves.
PlannedThe app does not make these cards yet. The three below are drawn by hand to show the format.
Burned 5,000,000 $HYBRID.
Took 0.485 NVDA and 0.291 SPY.
coins burned, stock taken
0.25 ETH → 2.78 NVDA
one line of the ledger, large
Milestones
None reached. Each one becomes a card and a post.
- First NVDA token
- First SPY token
- 10 NVDA held
- 100 NVDA held
- 1,000 NVDA held
- First redemption
- 100th redemption
What is watched
- NVDA and SPY held, and per 1,000,000 coins
- Price / book
- Fees in per day, and the split actually paid
- Redemptions: count, coins burned, stock taken
- Own-wallet share of volume
- Unique holders, and holders who made a card
- Callers other than ours: proof that the vault runs without us
Hallmark
No owner. No withdraw button.
A hallmark is punched into the metal and cannot be rubbed off. These are punched into the vault: every parameter is fixed in the constructor, and the contract has no proxy.
- No owner
- No withdraw
- No mint
- No upgrade
- No pause on redeem
- Split fixed at 75 / 23 / 2
It can
- Claim its own fees from the launchpad's escrow
- Pay the tip and the team share, fixed at 2% and 23%
- Swap ETH into NVDA and SPY inside its limits
- Hand a pro-rata slice to whoever burns the coin
It cannot
- Sell a stock token
- Send assets to any address except through redeem()
- Change its split, its two assets or its limits
- Be upgraded, paused as a whole, or owned
- Be emptied by the team: there is no such function
One switch
A guardian address can pause and resume buy(), for the day a pool or a price reference breaks. It cannot touch assets and it cannot stop redeem().
Powers we do not control
Read from verified contracts on 2026-10-13. These are the real risks, and no wording of ours removes them.
Stock tokens, through their issuer
- Upgradeable through a beacon.
- Roles in the verified contract can pause the token, block an account, burn a balance and update the multiplier that carries corporate actions.
- If the vault's address were blocked or the token paused, that token's part of a redemption stops until the issuer lifts it. A holder can still leave with the other parts; nobody on our side could move the assets either.
Launchpad
- Its owner can redirect any coin's fee recipient after a 3-day timelock. Stock already in the vault is out of reach; future fees are not.
- Its owner can also pay a curve's waiting fees straight to the fee recipient, past the escrow. For this coin they would land in the vault whole, as buy budget, with no tip and no team share taken.
- After graduation, the fee on a buy is taken in coins, and converting those to ETH needs the launchpad's operator.
- Graduation takes two calls that anyone may make. Between them the coin cannot be traded anywhere; the caller script and the app make whichever is due. If the pool stayed unopened for 7 days, the launchpad's owner could take the curve's reserves back.
Price references and pools
- Feeds go stale outside US market hours: buys wait.
- Liquidity can leave a pool: the 1% guard stops the buy.
- A pool's own price history is a ring of fixed length. Somebody swapping in a pool in every block could outrun it and make the vault's buys wait for as long as they kept paying. Anyone can lengthen the ring for good; the launch plan does it before the coin exists.
Interface
- poke()
- claim fees, pay tip and team
- buy()
- one bounded purchase
- redeem(amount, minNvda, minSpy, minEth, leave)
- burn and take; reverts rather than send less than a minimum
- pauseBuys() / resumeBuys()
- guardian only
- held()
- NVDA and SPY in the vault
- perCoin(amount)
- what `amount` would receive
- budget()
- ETH waiting to be spent
- agedEth()
- ETH that sat unspent through a whole 15-day window
- windowStart()
- when the 15-day window the clock is in began
- nextBuyAt()
- earliest time of the next buy
- Claimed
- Bought
- Redeemed
- BuysPaused
- BuysResumed
Invariants
Nine things the review had to prove.
9 of 9 have passing proofs on a fork of the live chain. Three rounds of adversarial review found 21 things, none of which let anyone take stock or ETH out beyond the rules: 19 are closed in code and re-attacked by the reviewer, 2 are powers of the launchpad and are listed under Risks. Nothing is on mainnet yet, and no outside firm has audited the contracts.
- 1No call path moves a stock token out except redeem().
- 2redeem() never pays more than amount / supply × balance.
- 3The split is 75 / 23 / 2 for every claim of any size.
- 4buy() cannot spend more than 0.25 ETH or run twice inside 10 minutes, whoever calls it.
- 5buy() reverts when the result is more than 1% from the pool's 30-minute mean or more than 2% from what the price feeds imply, or when a feed it needs cannot be used.
- 6The guardian cannot move value, cannot block redeem(), and cannot keep ETH out of redemptions: a fee the vault claimed and never spent is redeemable within 30 days.
- 7Dust: a 1-wei redeem, a dust claim and a donation of stock tokens, ETH or WETH cannot be turned into a gain and cannot stop the vault.
- 8Reentrancy through the coin, the stock tokens or the swap route changes nothing, and no caller can choose which asset a buy goes to.
- 9The team's bag is 30,000,000 coins and never more, whatever is sent to the lock.
Security process
The order is fixed.
- Contracts with unit tests and fork tests against the live launchpad.
- An independent adversarial review by a second reviewer with its own harness: every finding proved by a test.
- Fixes, then the reviewer attacks the fixes and its proofs run again, until a round finds nothing.
- A full launch-day rehearsal on a fork of the chain.
- Only then: the app, the landing page copy, mainnet.
Three shapes checked by hand before the review: anything priced by a formula while value sits out of the contract's sight; every "this loses money for whoever tries it" argument, redone for whoever gets the fee back; every role that can act on other people's money in one call with no size or time limit.
- HybirdexVault
- Holds the stock tokens; launch, poke, buy, redeem. No owner, no proxy, every parameter fixed in the constructor. It launches the coin itself, as its deployer and fee recipient, and makes the 3% dev buy in that same transaction.
- DevLock
- Created by the vault at launch. Holds the dev bag until day 90, then releases exactly 30,000,000 coins and burns anything else that was sent to it.
- HybirdexLens
- Read-only. Gives a page one snapshot of the vault and the exact result of a trade before it is sent. Holds nothing.
The coin itself is the launchpad's standard token: fixed supply, burnable, no mint. The vault is also the coin's deployer, because on this launchpad the deployer may sweep the curve's fees without waiting for the launchpad's operator.
Data and API
There is no database behind the numbers. The vault writes its own ledger into its own state, and the app reads it from the chain when you ask. No write endpoint exists.
- GET /api/vault
- held, per coin, budget, next buy
- GET /api/ledger
- purchases, newest first
- GET /api/claims
- fees claimed, newest first
- GET /api/redemptions
- redemptions, newest first
- GET /api/holder/:address
- balance, share, slice in stock
- GET /api/meter
- own-wallet share of volume
- GET /api/health
- whether the server reads the chain, and the chain's head
- purchases(from, count)
- time, block, asset, ETH spent, tokens received
- claims(from, count)
- time, block, caller, ETH claimed, team share
- redemptions(from, count)
- time, block, holder, coins burned, NVDA out, SPY out, ETH out
- totalClaimed() · totalSpent()
- ETH in from fees, ETH out into stock
- totalTeam() · totalTips()
- what the team wallet and the callers have been paid
- totalBurned()
- coins burned through redeem()
- Front end
- Next.js, one landing page and one app
- Read model
- None: the vault's own state, read per request
- Chain
- Robinhood Chain, EVM, chainId 4663
Strike
Struck once, by a contract, in the open.
The vault is deployed, reviewed and rehearsed before the coin exists. The coin is launched by the vault itself, so the fee recipient is never a person.
Coin facts
- Total supply
- 1,000,000,000 $HYBRID, fixed, no mint
- Team allocation
- 0 minted. 3% bought at launch, locked 90 days
- Chain
- Robinhood Chain (EVM 4663)
- Launch
- The chain's launchpad: bonding curve, then a DEX pool with the liquidity locked
- Fee recipient
- The vault contract, from the first block
- Pair
- ETH
- Creator tax
- 2% on buys and sells
- Launchpad fee
- 1%, of which 70% reaches the vault
- Round-trip cost
- About 6% for a trader
- Vault assets
- NVDA and SPY, equal value at purchase (assumption A1)
- Exit fee on redeem
- 3%, stays in the vault
- Minimum redeem
- None: only a slice that rounds to nothing is refused
- Trade page fee
- 0% from us
Launchpad settings (curve size, graduation point, launch fee) belong to the launchpad and can change. They are read again on launch day, never copied from this page.
Dev bag
30,000,000
$HYBRID, 3% of supply
locked for 90 days from the launch transaction
- Bought inside the launch transaction at the curve's opening price: about 0.05 ETH before fees.
- Sent straight into a time lock. The lock's address is on the Proof page.
- After 90 days it is an ordinary balance. Any move from it shows in the ledger like every other event.
- It has the same claim per coin as any other holder: the lock can redeem only after it opens.
What the coin is for
Without the coin
- See the vault, the ledger and the meter
- Buy NVDA or SPY on the Trade page, 0% from us
- Call poke() and buy() for the tip
With $HYBRID
- A claim on the vault: burn it, take the stock
- Every trade by anyone adds stock behind it
- Supply only falls
- A card of what your bag stands for (planned)
The coin buys a claim, never an edge.
Nobody gets a better price, an earlier call or a bigger slice per coin by holding more.
What pulls each way
The loop is fee-backed. No trade, no purchase. Nothing is printed to keep it turning.
And from the other side: redeem → coins burned → 3% left behind → book per coin up.
- 1Trades of $HYBRID
- 2Fee reaches the vault
- 3NVDA and SPY bought
- 4Stock per coin rises
- 5The daily ledger note
- 6New holders
Roadmap
- 0Identitydoneday 0
- Buy the domain
- Claim the account handle and the GitHub organisation
- Logo and palette: locked 2026-10-13
- The blueprint
- 1Vaultdoneabout 2 days
- HybirdexVault, DevLock, HybirdexLens
- Fork tests against the live launchpad, the real pools and the real price feeds
- The open items confirmed on the chain
- Three rounds of adversarial review: 21 findings, the fixes attacked again
- Exit: the nine invariants each have a passing proof
- 2Windowdoneabout 2 days, alongside
- Landing page and docs with a vault at zero
- App: Vault, Take, Trade, Proof
- Public read API and the caller script
- Launch-day rehearsal on a fork, run by the launch script itself: launch, trades, claims, buys, redemptions, graduation, the pool
- 3Mainnetnow1 day
- Deploy the vault
- Launch $HYBRID through the vault; the dev buy lands in the lock in the same transaction
- Addresses read from the vault into the docs and onto Proof
- 4First 30 days30 days
- Launch day: the vault's source verified on the explorer
- First poke, first NVDA purchase, first ledger line, as soon as the budget and the market allow
- One ledger note a day
- The meter on the front page from day 1
- First milestone cards
- A written review at day 30: fees in, stock held, redemptions, own-wallet share, what broke
- 5More hybridsonly if phase 4 justifies it
- A second hybrid with another stock inside
- The factory, with a fixed share of each new hybrid's fee buying stock for the first vault
- The Trade page lists hybrids and what is inside each: the name's "dex" becomes a market of them
Later, not promised
- A second hybrid with another stock inside.
- A factory: anyone launches a hybrid, and a share of its fee buys stock for the first vault.
- Voting: the issuer said on 2026-09-14 that votes for stock-token holders are on its roadmap. If that ships, $HYBRID holders decide how the vault's tokens vote.
Launch plan
Before the coin exists
- Domain bought, handles claimed, avatar = the locked mark (done)
- Vault reviewed; the reviewer's proofs pass (done)
- Fork rehearsal done end to end (done)
- Landing page live with a vault at zero, docs public (done)
- Trade page tested with a real NVDA and a real SPY route (done)
- A declaration about where you live, before a redemption and before buying a stock token (done)
- Contract address wired through one environment variable, never hard-coded (done)
- Team wallet and guardian addresses published: the docs read them from the vault (not yet)
- Product visible for 3 to 5 days before the coin exists (public since 2026-10-14) (not yet)
Launch day
- T-60 minFinal read of the launchpad's settings
- T-30 minDeploy the vault, verify, publish its address
- T-0Launch through the vault; the dev buy lands in the lock in the same transaction
- T+5 minContract address set on the site; first post with the vault link
- T+30 minFirst poke(); first buy(); first ledger line
- T+2 hFirst holder cards posted from real wallets
- T+24 hDay-1 ledger note: fees in, NVDA and SPY bought
Weeks 1 and 2
- Daily ledger note, same hour every day
- Day 3: the first "what is inside your bag" thread, built from holder cards
- Day 7: week-1 numbers, including the meter
- First redemption: posted with its receipt card, whoever made it
- Any day price / book drops under 1.00: the open-season banner and a post explaining the arithmetic
What carries it
- The sentence: the memecoin with stock inside
- The contrast: a coin that dies holding Nvidia
- The ledger: a new, checkable fact every trading day
- The cards: every holder can show what the bag stands for
- The meter: an honesty figure nobody else publishes
- Trackers: get "coin + what is inside it" shown wherever the coin is listed
Four paths
Holder
- 1Sees a post: "Hybirdex acquired 2.78 NVDA", with a transaction link
- 2Opens the site, no wallet needed: stock in the vault, stock per 1,000,000 coins, price / book
- 3Buys $HYBRID on the launchpad, a DEX or the Trade page
- 4Connects a wallet and sees the slice those coins stand for (a card to share it is planned)
- 5Leaves by selling on the market, or by burning
Redeemer
- 1Opens Take and enters an amount of $HYBRID
- 2Sees the NVDA and SPY it returns, the 3% that stays, and what selling would pay right now
- 3Confirms the declaration about the stock tokens
- 4Signs one transaction: coins burned, stock tokens received
- 5Gets a receipt on the page, with its transaction (a card to share it is planned)
Caller
- 1Watches the fee escrow, usually with a small script
- 2Calls poke() when the claim is worth the network fee, and receives 2% of the claimed ETH
- 3Calls buy() every 10 minutes while the budget is not empty and the price reference is fresh
- 4The team runs one caller so the vault never stalls. It has no special rights
Integrator
- 1Reads three numbers from the vault contract or the public API
- 2Stock tokens held, book per coin, the purchase history
- 3Nothing to sign, no key, no contract to call
- 4Shows the coin as "coin + what is inside it"
App screens
Four screens, named from the product: Vault, Take, Trade, Proof.
- Vault
- Stock in the vault, stock per 1,000,000 coins, price / book, the last purchases. No wallet needed.
- Take
- Burn an amount, see both exits side by side, sign, get a receipt.
- Trade
- Three tabs: the coin and the two stock tokens, each traded straight on its own venue. We add no fee of our own.
- Proof
- The ledger, the meter and the contract facts, each line with a link to the chain.
- $HYBRID
- NVDA
- SPY
- Route
- launchpad pool, best of 3
- Coin fee
- 3% (2% tax + 1% launchpad)
- Our fee
- 0%
Layout only. The live quotes are on the app's Trade page.
Decisions
- Name Hybirdex, ticker $HYBRID
- The ticker carries the meaning, the name is ownable.
- Vault holds NVDA and SPY
- One growth name, one broad market token; both deep on the chain.
- The vault never sells
- No discretion, nothing for a keeper to decide.
- Redeem by burn, against total supply
- A claim nobody can inflate.
- Exit fee 3%, kept in the vault
- Leaving pays the stayers.
- Tax 2%, split 75 / 23 / 2
- Same cost to traders as the reference; the team is paid in the open.
- Dev bag 3%, locked 90 days
- Small, visible, slow.
- 0% of our own on Trade
- The page exists to make "dex" true, not to charge.
- No owner, no withdraw; a guardian that only pauses buys
- The fee cannot leave; one brake for a broken pool.
- Contracts reviewed before the app
- Fixes ripple through everything built on top.
- Own-wallet meter on the front page
- The reference's top user was its own deployer.
Still open
- A1: NVDA and SPY get equal value at purchase. Assumed, not yet confirmed by the founder.
- A2: the exchange page (coin, NVDA, SPY) is in scope. Assumed.
- The launchpad's settings on launch day. The vault pins them when it is deployed, and the launch stops if they change before it.
- Share cards for a holder, a receipt and a purchase: planned, not built.
Moat
What a copy would still lack.
- First of its shape
- Coins on this chain pay stock tokens out to holders in drips. No vault that accumulates them and redeems by burn was found on 2026-10-13.
- The vault is the network effect
- Every trade since launch is still inside it. A clone starts at zero stock on its first day, every time.
- A public history
- The ledger is a record no newcomer has: months of dated purchases with transaction hashes.
- Leaving is not selling
- A holder who wants out can take stock instead of selling into the pool. Exits that would hurt the price leave 3% behind for the rest.
- Brand
- The H mark, "stock inside", and the meter. The first coin to publish how much of its volume is its own.
- Technical
- An ownerless vault with reviewed fee plumbing on this launchpad, and nine invariants with proofs. Copying the idea is easy; copying it safely takes the same work.
A clone needs
- A vault contract
- A review it can show
- A coin with volume
- A team that leaves the fee alone
And still lacks
- Our accumulated stock
- Our ledger history
- The first-mover sentence
- Holders who already hold a claim worth burning for
The honest weak point: the launchpads that already pay stock tokens to holders could add "redeem by burn" quickly. Speed and the review are the answer, not secrecy.
Both faces
Heads: a memecoin.Tails: a vault of NVDA and SPY.
Most coins die holding nothing. This one dies holding Nvidia.
Hybirdex is an experimental on-chain product. Nothing here is financial, investment, legal or tax advice. $HYBRID is a memecoin: its price can fall to zero and nothing on this page promises it any value.