BEFORE
A float with no engine
- 4,949 instruments minted per day, measured 2026-08-20
- 96% of buyers gone within 38 minutes of one observed launch
- nothing accrues to holders — the chart is the entire product
- the only inflow is the next buyer
The meme-stock that longs the meme-stock.
$TRANCHE is not priced in dollars. It is paired against tokenized GME, so buying the meme means holding the stock first. Trading fees are spent buying more GME into a vault, and the vault pays it out to holders in rounds. There is no manager, no discretion and nothing to trust us about.
The structure
$TRANCHE · pools v0
$TRANCHEnot live yet
pairTRANCHE / GME
vault templateRWA Dividend
vault buystokenized GME
claimby balance, in rounds
fees in $TRANCHEburned
chainRobinhood Chain
no pool is deployed yet. this card is the design, not a dashboard.
Paired against GME·
Fees buy GME·
Paid in rounds, by balance·
No manager, no keys
THE PROBLEM
A ticker with nothing behind it.
Thousands of tokens launch every day backed by a picture and a promise. We measured what happens to them, then built the opposite.
AFTER
A float with a floor under it
- priced against a real stock, not against a dollar
- buying the meme requires holding the equity first
- every trade routes a cut into the vault, automatically
- fees in $TRANCHE are burned or locked, never resold
tokenized GME trades on Robinhood Chain independently of us — $11.3M of on-chain liquidity, measured 2026-08-29. no prices quoted here; check those on a venue, not on a memecoin site.
THE MACHINE
Three things, then you are caught up.
There is no manager, no mandate meeting and no discretion to abuse — the vault is a contract with one job, fixed at launch and unchangeable afterwards. Nothing below is live yet.
01
Paired, not priced
$TRANCHE trades against tokenized GME, not against a dollar. To hold the meme you first hold the stock, so the equity sits underneath the chart by construction — not because anyone promised to go buy some later.
pair · GME
02
Fees buy the stock
Trading fees do not go to a founder wallet. They go to a vault contract that spends them buying more GME, and burns the fees collected on the meme side. Anyone can trigger a run once fees have built up; there are no operator keys on that path.
vault · RWA Dividend
03
Each purchase opens a round
Your share of a round is fixed by what you held the moment it opened, so buying in afterwards dilutes nobody — you are simply in line for the next one. Claim by balance; there is nothing to stake and nothing to opt into. Unclaimed value rolls forward instead of being stranded.
claim · by balance
THE LEVER WE DID NOT PULL
Why the vault is unlevered.
The name is a joke about structured finance, so people assume the vault is levered. It is not, and this instrument is why. Drag the multiplier and watch what leverage does to a position that nobody is babysitting.
alive for0:00
liquidations0
worst drawdown0.0%
Nobody is trading this. It is a random walk with the multiplier’s liquidation line drawn on it — the same arithmetic as the panel on the right, except you have to sit with it. Our vault has no such line, because it holds spot and owes nobody margin.
LEVERAGE ARITHMETIC · PURE MATH, NO FORECAST
×
exposure per 100 committed
move that doubles the stake
adverse move that wipes the stake
At 5×, a 20.0% adverse move deletes the stake. Single names print that on an earnings miss.
Simplified: ignores fees, funding and margin buffers — real liquidation engines trigger earlier than the arithmetic does. Run it at 20× for a minute. That is the machine we refused to point at the vault: a levered vault can be liquidated, and it would take everyone’s accumulated equity with it. The joke in the name stays a joke.
THE BOOK
The rounds, as they open.
Each purchase of GME by the vault opens a round. Bubble size is the GME bought into that round; your claim on it is fixed by what you held when it opened. This is the part the name is about — the slices are cut by time, not by seniority.
rounds · simulated0
GME bought in · simulated0.00
claim windowby balance
actual vaultempty
The round mechanic is PonsVault’s RWA Dividend template, not ours — that part is real and already deployed. The rounds below are a seeded simulation so the shape can be watched; they are not prices, not quotes and not performance. Once the token exists this panel reads the vault instead, and the difference will be obvious: the last cell stops saying empty and starts naming how much GME is actually in there.
RISK
What can go wrong. Everything.
You can lose it all
A memecoin can go to zero without any help from leverage, and this one is priced against a stock that is itself famous for moving like a memecoin. Two volatile things multiplied is the default outcome here, not the surprise.
The vault is not yours
It fills with equity, but holders cannot redeem it. There is no claim, no share and no way to withdraw a slice — it backs the pair, it does not back you personally.
Pairing is not protection
The stock underneath sets the denominator, not a floor. $TRANCHE can fall against GME while GME itself falls against the dollar, and the two losses stack.
FAQ
Short answers.
What is $TRANCHE in one sentence?
A memecoin on Robinhood Chain priced against tokenized GME instead of against dollars, whose trading fees are spent buying more GME into a vault and paid out to holders in rounds, while the meme-side fees are burned.
Is there yield? An APY? A number?
No number. Nothing is paid to you. The only thing that happens on your behalf is that supply gets burned or locked while the vault fills — anyone quoting you a rate on this is quoting fiction.
Can I redeem the vault?
No. The vault backs the pair, not your wallet. $TRANCHE is not equity in anything, does not represent a claim on GME or any other stock, and holders cannot withdraw from the vault. If that is what you want, buy the stock — it trades on the same chain.
Why GME and not something bigger?
Because GME is the reason the phrase «meme-stock» exists — the whole brand argument fits in one pair. It is also one of only three stocks the vault template will buy, and for a boring reason: most tokenized stocks on this chain have pools that hold almost nothing, so converting fees into them would lose the value to price impact.
Is the vault levered?
No, and that is deliberate. A levered vault can be liquidated and would take everyone's accumulated equity with it. The lever section on this page exists to show you exactly what we declined to do.
Who wrote the vault contract?
Not us. The vault is PonsVault’s RWA Dividend template on the open pons v2 factory — already deployed, already used by other launches, triggerable by anyone. We chose it precisely so the mechanic is not a promise from us. Its risks come with it: the contracts are unaudited, they sit behind an upgradeable beacon until its owner renounces control, and the source repository their docs link to returns 404 as of 2026-08-29. We will verify the deployed bytecode before launch and say what we find.
What can go wrong with the buyback itself?
It buys at whatever the pool quotes in that block, with no price check — a run that lands next to a large trade, including one placed deliberately to bait it, buys badly. The loss is bounded to a single batch of fees; it can never touch the vault’s holdings or the liquidity. PonsVault documents this themselves, which is part of why we picked them.
What exists right now?
This page and the design. The rails are real and independent of us: tokenized GME trades on Robinhood Chain today with $11.3M of on-chain liquidity, and the vault template is deployed and in use by other launches. Our token, our pair and our vault do not exist yet, and every panel here says so.
THE TOKEN
$TRANCHE.
- ticker
- $TRANCHE
- chain
- Robinhood Chain
- pair
- TRANCHE / GME
- vault
- PonsVault · RWA Dividend
- vault buys
- tokenized GME
- supply
- 1,000,000,000 · fixed
- meme-side fees
- burned
- contract
- TO BE ANNOUNCED
- vault address
- disclosed at CA reveal
- dividend
- buyback → burn
One token, one job: to be the side of the pair that gets thinner.
No tiers, no staking, no points, no manager. Every trade moves GME into the vault and takes $TRANCHE out of circulation, and the vault pays out by balance in rounds. Hold it or don’t — the mechanism does not ask you to do anything except decide.
the dashed ones go live when the token does.
disclosures — nothing is live: no token, no pools, no vault. every panel that shows movement says «simulated» on its face.
$TRANCHE is a memecoin paired against tokenized equities. it does not represent equity in GameStop or any other company, confers no claim on anything, and holders cannot redeem assets from the vault. not an investment product.
the rails are real and ours to use, not ours to sell: tokenized GME trades on Robinhood Chain today, independently of us.
inherited risk — the vault is PonsVault's RWA Dividend template, not our code. it is unaudited, it sits behind an upgradeable beacon until its owner renounces control, and the github link in their docs returned 404 when we checked on 2026-08-29. we will verify the deployed bytecode before launch and publish what we find, including if it is bad.
the vault is unlevered by design. experimental. not investment advice. not an offer of anything to anyone.