How a coin gets listed
An exchange lists a coin so you can trade it. We list a coin because we will buy it with your fee share and send it to you, so the tests are different: can we buy it in size, can we price it without trusting its own pool, and will it still be yours tomorrow. We publish the list, so the bar is public too.
The review
Execution
Can we buy it in the size we need?
The purchase routes through Uniswap v4, straight from ETH or through a stablecoin. Before listing, we buy the coin on a fork of mainnet at a realistic order size and measure the price impact. Over our slippage budget means no listing.
Reported liquidity helps us shortlist but never decides. Concentrated liquidity can look deep and still be thin where our order lands.
Pricing
Can we price it without trusting the pool?
A stock token needs an independent price feed; the rules that pause buying when a market closes or a stock is halted read that feed, never the pool. Memecoins are priced from a volume-weighted average published on chain.
A coin with no feed is not listed, even if it passes the buy test.
Token risk
Will it still be yours tomorrow?
No owner may mint, blacklist, tax transfers or pause the token, and liquidity must be locked or burned. We also run a real sell on a fork of mainnet, because code that reads clean can still block selling. It needs enough trading history to judge, with holders spread wide.
Stock tokens come from their issuer, who keeps the powers you would expect an issuer to keep.
Identity
Is it the right contract?
Every coin is matched by its Robinhood Chain contract address, and stock tokens must come from the official issuer address. A ticker is a label two contracts can share, so we never go by name.
The process
- 1
Review
We run the four checks above and write the results down against limits fixed before the review begins. Fail one and the coin is out; there is no overall score to make up for it.
- 2
Verification
We transfer, hold, swap and claim the coin against the live contracts, set up its trading route and price feed, and register it as a reward coin.
- 3
Announcement
We publish the address, our reasoning, how it scored against the limits, any commercial terms, and the block it goes live.
- 4
Activation
From that block you can choose it, and buy fees start collecting in it.
We start with a short list. After that we add one coin at a time, alternating between stocks and memecoins, and skip a round when nothing passes.
After a listing
A listing describes the day we measured, and that can change. We keep watching routes and price feeds and re-run the same tests. If a coin stops passing, it can no longer be chosen.
Closing a coin only stops new rewards collecting in it. Whatever you have already earned stays yours to claim.
Paid listings
Listings are also how we reach a project's community, so a project may pay to be listed. We publish whether we were paid, and how much, alongside the listing.
Payment changes nothing in the review. A coin that fails a check is not listed at any price, and nobody skips a step.
What a listing is not
A listing is not a price call, a recommendation, or a claim that the team behind it will do well. It says one thing: on the day we measured, we could buy it in size, price it from a feed, and hold it without anyone being able to take it back.