Goldstein Group Launches GLDSTN Token on Robinhood Chain

Goldstein Group has launched its native token, GLDSTN, on the Robinhood Chain (chain ID 4663). The firm, an on-chain investment company, offers a range of tokenized funds, including the G-fund. This fund holds underlying assets and can be redeemed for a share of those assets. The product lineup also features a dollar savings token (gUSDG), leveraged long and short tokens like gETH3x and gETH3xShort, and basket tokens managed under published mandates.

The G-fund leverages Morpho markets for borrowing and employs a keeper for rebalancing. Goldstein Group is structured around 2,520 membership seats, issued as NFTs. Seat holders can create funds and earn a share of the fees. The GLDSTN token has 18 decimals, a fixed supply of 1 billion, and is minted at genesis with the ability to be burned. It is staked against a seat to determine rank, which influences minting capacity and fee distribution within a fund.

As of the latest data, the market cap of GLDSTN stands at CA$963,160, with a fully diluted valuation of CA$3.53 million. The circulating supply is 273 million tokens out of a maximum supply of 1 billion. The 24-hour trading volume is CA$25,360, representing a 115.11% increase. The token's all-time high is CA$0.003646, and it has seen a price change of 3.42% over the past year.

The contract address for GLDSTN is 0xfCE34D21A92069100E3226638140706cF03a266E. The token's performance against major cryptocurrencies includes a 38.27% increase against markets, a 41.31% increase against Bitcoin, and a 70.32% increase against Ethereum. However, the token has seen a 5.97% decrease in price over the past day and a 3.42% decrease over the past week, month, and year.