Verify Before You Trust

The whole point of a memestonk is that you don’t have to take anyone’s word for it. The treasury, the supply, and the penalty are all readable on-chain. This page is the five-minute check, no coding required: just a block explorer.

Before you start

• The chain is Robinhood Chain, chain ID 4663. Confirm any address is on that network. Anything on another chain is unrelated.
• Use the official block explorer for Robinhood Chain to read contract state.
• Read values from the contracts themselves. A number in a tweet, a screenshot, or even this page can drift. The getter on the contract cannot.

The five-minute check

1. Find the launch’s contracts. Start from the launch’s page and note its treasury and token addresses. Confirm they were deployed by the memestonk factory, not pasted from somewhere else.
2. Read the treasury’s stock balance. On the treasury contract, read balanceOfStock() and confirm which tokenized-stock token it holds. This is the backing, in stock units.
3. Read the token’s total supply. On the token contract, read totalSupply(). This is the denominator redemption divides by: every non-burned token, claimed or not.
4. Read the redemption penalty. On the launch’s Redemption contract, read penaltyBps(). This is the current penalty applied when you redeem, in basis points (10000 = 100%). It is set per launch and can be lowered later, so read it live, don’t assume.
5. Divide. Backing per token, in stock units, is the treasury stock balance divided by total supply. Redemption returns your pro-rata share of that, minus the penalty from step 4.

What the numbers mean, and don’t

• Stock units per token is the mechanical quantity the protocol controls. This is what “backing” refers to.
• USD value of that backing depends on the tokenized stock’s price. It moves with the market and can fall, even when the stock units per token do not.
• The token’s market price is set by the trading pool and is independent of both. It can sit above or below the backing.

Three different numbers. A sentence that mixes them is wrong even if each number is right.

No launch is live yet. The platform is staged: the factory is deployed, but no launch has opened bonding. Until a launch is live, there is no treasury to read. Specific contract addresses will be listed on the Contracts and Deployments page once the production deployment is finalized.