PHERA Tokenomics: Decentralized Exchange and Launchpad on Robinhood Chain

PHERA is a decentralized exchange and token launchpad operating on Robinhood Chain, an Ethereum Layer-2 built on Arbitrum Orbit stack.

The protocol has three components: PheraDEX, a concentrated-liquidity market maker; a token launchpad where new tokens are created on bonding curves and graduate into PheraDEX liquidity pools once they raise 2 ETH-equivalent in their quote asset; and a public software development kit through which third-party developers can build launch applications.

PHERA is the protocol's native token, with a fixed supply of 10,000 tokens reduced to an effective supply of approximately 8,500 after a verifiable on-chain burn at the close of its token generation event.