wHOOD
X OpenSea RobinhoodScan

How wHOOD works

wHOOD is a deflationary wrapper on Robinhood Chain. Seal wHOOD tokens inside the wrap contract and mint a faceless hood NFT backed by them. While the hood lives, its tokens are out of circulation. Burn the hood and the tokens come back.

The mechanism

  1. Wrap. One click on the home page. The contract pulls the wrap amount of wHOOD from your wallet and mints a hood to you in the same transaction. The first wrap also asks for a one time token approval.
  2. Trade it. The hood is a standard ERC-721. It shows up on OpenSea automatically and trades like any NFT. The locked tokens are not attached to your wallet. They are attached to the hood. Sell it and the new owner controls the vault.
  3. Burn to redeem. The owner of a hood can unwrap it at any moment. The NFT is burned forever and the contract sends the locked tokens to the owner.

Why the floor holds

Every hood can always be turned back into the tokens inside it. Selling a hood below the value of its vault makes no sense. Unwrapping pays more. That gives the collection a hard price floor equal to the locked tokens, plus whatever the market pays for the art on top.

Deflation

Every wrap removes tokens from circulation, and the home page shows it live: hoods alive, tokens locked, total wrapped and unwrapped. Supply returns only when someone burns a hood.

The wrap amount and the token address are fixed in the contract at deploy time. There is no admin function to touch the vault, pause the contract or change the rules. Nobody can. Including us.

Official contracts

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OpenSea

The collection is indexed by OpenSea automatically after the first wrap. Each hood page shows the art, the owner and the vault. Listings and offers work like any other NFT collection.

FAQ

Do I need anything besides tokens? A wallet on Robinhood Chain and a little ETH for gas. Gas here costs fractions of a cent.

Can the team take the locked tokens? No. The contract has no withdrawal function. Tokens leave the vault only through unwrap, and only to the hood owner.

What happens if I sell my hood? The buyer gets the NFT and with it the right to unwrap. You keep the sale proceeds.

How many hoods can exist? Total token supply divided by the wrap amount. The cap is pure math, not a whitelist.