Inside
CodeMen
How a token’s trading activity funds its strategy, pays its creator and feeds its buybacks.
A token with
a trading strategy.
CodeMen connects a token launched on Robinhood Chain to a persistent perpetual strategy. You choose the token’s identity and the market its strategy will trade.
Make it yours
Choose a name, ticker and icon. Select an available market, Long or Short, and leverage within that market’s limits. Confirm the launch in your wallet and pay its launch fee and gas.
Give it a market
The token launches through Pons and begins trading on a bonding curve. Its assigned wallet receives creator fees, and its own trading account keeps the strategy’s collateral separately accounted.
The token has its own market price. Selecting Bitcoin, Ethereum or another underlying sets the strategy’s market; it does not create a price peg or a right to redeem the token for that asset.
Follow every share.
Received creator fees are divided into four allocations. Each has its own destination and accounting.
- Strategy
- 50%
Collateral for the token’s perpetual position.
- Creator
- 15%
Paid to the creator’s wallet.
- Buyback & burn
- 15%
Buys and burns this same token.
- Buyback & burn $codemen
- 20%
Percentages apply to the creator fees received by CodeMen, not to the full value of a buy or sell.
- Token tradesFees accrue on the curve or supported pool.
- Fees collectedConfirmed funds enter the token’s accounting.
- Funds allocatedThe engine follows the four destinations above.
What the engine does.
The strategy’s fee allocation becomes USDG collateral for an isolated perpetual position, executed through the Lighter integration.
Accumulate
Fees build the available trading budget. Entry waits until the chosen market’s order size and margin requirements can be met.
Open
The engine uses the selected asset, direction and leverage. Each managed token has its own account and attributed funding.
Maintain
New collateral can grow a position with nonnegative PnL. During a drawdown, it adds margin to the existing position.
The remaining position stays open. A completed trim only rearms after the return falls below the threshold, so the same crossing does not trigger a sale on every check.
A cadence, not a deadline
The next engine cycle is scheduled about 15 seconds after a completed update. Transaction confirmation and venue execution take their own time. Open positions remain monitored even without new token trades.
No fixed volume target
Actual accrued fees drive collection. The collateral needed to open depends on the market, current prices and leverage; the displayed trading volume is not an opening trigger.
Leverage amplifies exposure. Strategies can lose collateral; the rules do not guarantee a return or prevent liquidation.
Profit has a destination.
The profit distribution rule applies to realized, available funds after withdrawal and receipt. Deposited collateral and an open position’s unrealized PnL are not distributable profit.
Source-token buyback & burn
Buys the same token that generated the fees and removes those purchased tokens from circulation.
Buyback & burn $codemen
This share is paid in USDG.
Profit accounting includes realized trading PnL and funding, deducts previous withdrawals, and checks available funds. Buybacks support the token’s economics; they are not direct dividend payments to holders.
Buyback & burn $codemen
This allocation connects individual launches to the project token and its liquidity.
V1 · Reserve
This share accumulates as a separately accounted reserve.
V2 · Project token
A verified project contract address directs eligible allocations into project-token purchases and paired liquidity. Authorized unspent V1 allocations can be carried into this program.
Buy the project token
Tokens are held for the liquidity pair.
Keep the ETH side
ETH is held alongside the purchased tokens.
Project-token purchases can begin on its bonding curve. Pool creation is a separate step: the curve being swept does not by itself make a usable pool. LP execution requires the canonical pool phase, a valid price and existing liquidity.
Read the numbers.
Follow the activity.
The token page shows the market and strategy. Manage tokens shows where confirmed funds have gone.
- Strategy badge
- The underlying asset, Long or Short direction, and chosen leverage. These describe the trading strategy, not a peg for the token’s price.
- Market cap
- The provider’s market-cap value, or a clearly labelled FDV derived from token price and total supply when a market cap is unavailable.
- Volume
- Trading volume over the last 24 hours. It is a market statistic, not the amount of money deposited into the strategy.
- Bonding curve
- Progress towards the launch’s graduation target. The strategy’s collateral threshold is a separate requirement.
- Fees paid
- Confirmed payouts. Buyback, project purchases and LP have separate totals.
- Activity
- Open a transaction to inspect its receipt. Pending operations are distinct from confirmed outcomes, and stale market data is labelled.