Ponscan

Docs

How Ponscan works

The short version: scan a barcode, launch its coin, earn from it for life.

What it is

Ponscan turns any barcode into a coin on Robinhood Chain. Every product in the world has a barcode. Each barcode can have exactly one coin.

The first person to scan a product and launch its coin keeps 50% of its trading fees, for life. Anyone can then buy and sell that coin, right here.

Launch from your phone

  1. Open Ponscan in your wallet's browser, or in Safari / Chrome.
  2. Tap Launch a coin and allow the camera.
  3. Point it at a barcode. We find the product for you.
  4. Check the name and ticker, pick an optional first buy, and confirm in your wallet.

Wallets that work: Robinhood Wallet, MetaMask, Rabby, Coinbase Wallet, and any wallet through WalletConnect. Your wallet will ask to add Robinhood Chain (chain id 4663) the first time.

Launch from a computer

No camera needed. On the launch page you can:

  • Scan the QR code with your phone and finish there. The launch hands off to your phone.
  • Upload a photo of the barcode.
  • Use your webcam.
  • Type the number printed under the bars.

One barcode, one coin

The coin's address is computed from the barcode digits (CREATE2, with the barcode as the salt). The same barcode always gives the same address.

So once a coin exists, the chain refuses a second one. Not our server, the contract itself. First launch wins, forever.

Every barcode is stored in one form (14 digits), so the EAN-13 and the UPC-A of the same product cannot become two coins.

Where the fees go

Every buy and every sell pays a 1% trade fee, taken in ETH.

  • 50% goes to the wallet that launched the coin.
  • 50% goes to the Ponscan treasury.

This split is written into the coin when it is created. Nobody can change it afterwards, not even us.

Fees add up on the factory contract under your address. Withdraw them any time from your wallet page: connect, tap your address, then My coins & earnings.

What a launch costs

  • No launch fee.
  • A network fee in ETH. On Robinhood Chain that is usually cents.
  • An optional first buy of your own coin, in the same transaction. Skip it if you want.

Which products work

Any retail barcode: EAN-13, EAN-8, UPC-A, UPC-E and ITF-14. Food, drinks, cosmetics, books, gadgets.

We look the product up in Open Food Facts first, then UPCitemdb. Our shelf lists the most famous ones, but any valid barcode works.

Unknown barcode? You can still claim it by signing a message with your wallet. First claim wins. The coin can be launched by that wallet once a product database confirms the product.

Shop-only codes (weighed items, coupons) are not unique products and cannot get a coin.

How the price works

Every coin has 1,000,000,000 tokens, all in its own pool at launch. The price follows a constant product curve (x × y = k) with 1 virtual ETH on the ETH side, so the first buyer gets a fair start.

Buy and the price goes up. Sell and it goes down. The pool always has the ETH to pay sellers.

There is no migration. The coin trades in its own pool forever. That is what makes fees for life literal.

Questions

Do I need to know crypto?
A little. You need a wallet with some ETH on Robinhood Chain. Robinhood Wallet or MetaMask is enough. The app walks you through the rest.
How do I get paid?
Every trade on your coin sends your share to the Ponscan factory, in ETH. It adds up there under your address. Open your wallet page and press Withdraw whenever you want.
Can the fee split change later?
No. The split is written into your coin when it is created. Nobody can change it, not even us.
What happens if the barcode already has a coin?
You cannot launch it again. The chain refuses. You can still buy the existing coin from its page.
Do I have to own the product?
No. You only need the barcode. A photo from a shop shelf works.
Are the brands involved?
No. Ponscan is not affiliated with any brand, and not with Robinhood Markets either. A coin is a meme about a product, not a share of the company.
What is the first buy?
An optional buy of your own coin, made in the same transaction as the launch. Nobody can buy before you. You can skip it.
What happens to my photo?
The barcode is read on your device. We only keep the product picture used for the coin, stored on IPFS with its name and barcode.
What if my launch fails?
Nothing is created and your ETH stays in your wallet, minus the network fee if the transaction was mined. Usually someone launched the same barcode a moment before you, or the price moved past your slippage. Try again.
What is $PONSCAN?
The project's own coin. It is not live yet. We will post its address here and nowhere else first.

Risks

  • Coins are speculative. Most go to zero. Only put in what you can lose.
  • Earnings depend on people trading your coin. No trades, no fees.
  • Transactions on a blockchain are final. A wrong address or a wrong click cannot be undone.
  • You are responsible for the name, ticker and picture you launch.
  • Smart contracts can have bugs. Use at your own risk.

Contract addresses and links