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Long.xyz Launches “LONG 500”, with new stock pairing fees 5%to be injected into the Meme coin AI reserve

BlockBeats reports that September 26, Robinhood Chain’s stock-token meme coin issuance platform Long.xyz announced the launch of “LONG 500”, aiming to build the financial layer for an on-chain stock community, with the goal of becoming the “S&P 500 index for the tokenized stock sector” and building the AI community treasury into a diversified, community-owned reserve on Robinhood Chain.LONG currently supports more than 70 tokenized stocks. Going forward, each newly launched stock pairing pool will directly inject a portion of the stock-token fees into the Meme coin AI community treasury.AI holders can thereby gain exposure to and support new stock communities, while project creators can connect to existing AI communities and their users.

Under the new mechanism, 5%of the fees generated by new stock pairing pools will enter the AI reserve, while another 5%will be used to buy back and burn the tokens paired with stocks; anyone can trigger buybacks around the clock. The liquidity pool yield auto-compounding mechanism will continue to operate, and creator fees will remain unchanged.LONG also plans to upgrade the community treasury and add new features for all previously launched trading pairs.

Original link https://m.theblockbeats.info/flash/369124