Saddling the horses…
An outlaw coin on Robinhood Chain, launched on Pons
Robin takes a toll on every trade: 4% of each buy and sell. 85% of it is lent to the knights in debt, the holders whose bags are worth less than they paid. A ride leaves Sherwood every 15 minutes and drops ETH straight into their wallets. No claims, no forms, no abbot.
Show Robin your purse and he'll tell you what you're owed.
Every knight stands in the river as deep as the ETH they're still owed. Ankle-deep is a scratch; only a feather showing means the deepest debt, and the biggest share of the next ride.
Swipe the river sideways to see every knight.
Every knight in debt gets a note pinned to the great oak of Sherwood. The deeper the debt, the bigger the share of the next ride.
Medieval lenders kept count by cutting notches in a stick. Robin cuts one for every ride: the deeper the notch, the more ETH rode out.
How the loans work, in plain words.
Buy and hold. Sell, or send the coin to any other wallet, and you've left the band for good. Buying back in doesn't restore the oath.
A purchase counts the moment it lands. Loans already promised at a count are still paid, even if you leave afterwards.
One minute before every ride, Little John counts each purse: what you paid for the coins you still hold, minus what they're worth now, minus what Robin already lent you. That's your debt, in ETH.
"Worth now" is the higher of the current price and the 15-minute average, so a quick dump won't fool him.
Each ride's purse is split by debt. The deeper you're down, the bigger your cut, and nobody gets more than they're owed. The ETH lands straight in your wallet.
The coin charges 4% on every buy and sell through Pons, on the bonding curve and on Uniswap after graduation. Robin's wallet collects it from Pons automatically: 85% goes into the treasure chest for knights in debt, 15% to the dev and marketing wallet.
A ride takes at most 20% of the chest, so there's always something left for the next one.
If a ride can't go (an outage, chain data that isn't final yet, missing prices), Robin doesn't guess. The next ride that can go also carries what was missed, up to four rides' worth. A payment a wallet refuses is tried again every ride.
These loans are never paid back: they're gifts, whatever the ballad says. Coins you receive from another wallet carry no cost, and the Pons snipe tax in a launch's first seconds doesn't count. Project wallets and Pons contracts never get loans.
Prices can keep falling, and loans only come from toll the coin actually collected, so nothing is guaranteed. Rides with an empty chest or no knights in debt carry nothing, and the toll waits in the chest.
In the old ballad A Gest of Robyn Hode, Sir Richard at the Lee is about to lose his lands to the abbot of St Mary's over a debt of four hundred pounds. Robin lends him the money from the outlaws' treasure. Here the treasure is the toll, and the knight is whoever bought the top.