clank.trade — full brief (2026-09-23)

Sources: live site + SSR initial-data, its public API (/v1/config, /v1/trpc/coins.{list,trending}, /v1/markets/.../candles), Robinhood-chain Blockscout (robinhoodchain.blockscout.com), GeckoTerminal (robinhood network), X live search. Raw snapshots: data/analysis/clank/. All market figures are point-in-time (2026-09-23 ~09:00Z) and mostly in ETH (quote asset) converted at ~$2,731/ETH unless labelled USDG.

Read this first

clank.trade is an AI-themed memecoin launchpad on Robinhood Chain (4663), in public beta, ~8 days old (first coin 2026-09-15). It is the quiet Robinhood-chain pivot of daos.fun — the Solana AI/DAO launchpad behind ai16z — built by its founder Baoskee (Bao Mai). The connection is confirmed by the project's own Telegram, renamed "clank.trade (ex daos.fun)", and by multiple on-chain-fluent X accounts; there has been no official announcement and the official @clanktrade account has zero posts.

Numbers at a glance: 127 coins, only 3 graduated, ~$3.8M aggregate market cap — of which AGI alone is $2.7M (71%). Real attention, real volume in the one winner, but a very thin, unverified, un-audited stack.

Verdict: early-stage and community-discovered (not a scam flag, not a proven platform either). Treat everything as unaudited beta; the contracts are unverified and were redeployed once already in week one.

1. What it is

• Product: create + trade "AI coins" on Robinhood Chain. UI is a dark, Clanker/terminal-style SPA (Vite/React, SSR initial-data, tRPC backend at /v1/trpc). Tabs: Explore / Portfolio / Create coin. Trading is site-only (one critic noted no terminal/DEX integration → approve+sign per trade, ~30–45s).
• Positioning: "AI-native launchpad on Robinhood Chain (in public beta)." Mascot/lore is the clankcat ("a person who enjoys clanking for the purpose of profit or entertainment"). Cabo = Baoskee's cat.
• Launch flow: upload image → name/ticker → optional X + website → quote asset ETH (only) → optional initial buy.
• Not to be confused with: clank.fun (Base, a Clanker explorer) and clanker.world (Clanker protocol, Base-first). clank.trade is a separate product on Robinhood Chain.

2. Team & origin (daos.fun lineage)

daos.fun was an Alliance DAO portfolio company (Solana), the launch venue for ai16z — so the operator has real launchpad pedigree and real scar tissue.

3. Mechanism & contracts (on-chain)

Architecture: per-token bonding curve → Uniswap v4 pool. This is a Pons-V2-style stack — the factory's TokenLaunched event signature is byte-identical to Pons's public ILaunchFactory (TokenLaunched(address indexed token, address indexed curve, address indexed deployer, address pairToken, uint256 launchConfigId, uint256 graduationThreshold)), so it is a Pons fork or shared-lineage codebase.

Live contracts (chain 4663), all UNVERIFIED:

Token/curve economics (read from on-chain events):

• Fixed supply 1,000,000,000 (18 dec); quote = native ETH.
• Curve trading fee = 1.00% (fee/quoteIn = 0.01 on CurveBuy); tax = 0 in observed trades (a SnipeTaxExempted path exists).
• Graduation threshold = 4.276363636363636363 ETH (~$11.7K) raised → token migrates to a Uniswap v4 pool, fee 3000 (0.3%), tickSpacing 200, behind the hook. Post-graduation LP is effectively locked in the v4 position.
• v1 also emitted TokenInitialized(token, playCost) and SnipeTaxExempted.

On-chain activity: v1 factory ~57 txs, v2 ~19 direct txs / 49 logs (39 TokenLaunched). 34 unique deployers across those 39 v2 launches; the rest of the 127 coins launched on v1.

4. Traction & market data

Aggregate (site API, full list of 127 coins):

• Aggregate market cap ~$3.79M (1,386 ETH); graduated coins = $3.17M of it.
• 124 coins on the curve (state 0), 3 graduated (state 3).
• 100 unique creators; 50 coins have an X link, 21 a website.
• Launch cadence: 14 (Sep 15) · 18 (Sep 16) · 3 (Sep 18) · 1 each Sep 19–21 · 75 (Sep 22) · 14 (Sep 23) — a sharp burst on Sep 22.

The three graduated tokens:

• AGI's main pool is AGI/WETH 0.3% (liq ~$187K); it also trades vs USDG across several pools. Blockscout 24h volume for AGI reads ~$7.2M (broader pool set).
• Everything else is a micro-cap on the curve: next names are GPU ($25K, 56%), CUM ($22K, 50%), NUN ($11K, 25%), CPU ($10K, 22%). Most curve coins sit at ~$4.5K MC (0–2% progress) — i.e. launched, never traded.
• Themes are pure AI-meta + cat memes: AGI/GPU/CUM/CAT/LLM/GPT/AI16Z/CLANKER/ BAO/CATGF/CLANKTRADE, etc.
• No DefiLlama entry for clank/daos; not indexed as a protocol yet.

5. Attention / social

• Live X search shows genuine discovery chatter: "new pad on robinhood chain… guessed as being ex daos.fun, the team that launched $ai16z last cycle. run by @baoskee" (@fenix0x6); "$CABO is the FIRST token launched on Clank.trade" (@Sofiia272); KOL-tracker @leakmealpha noted 21 KOLs followed it in 24h.
• A large share of replies are bot/shill-grade ("sounds promising", "big move", repeated phrasing) — engagement quality is mixed.
• Critical signal: @0xzer0ai — clank tokens "can't be traded from any terminal… approve, sign, approve, sign. 30–45 seconds per trade", and is building a one-click front-end (@clankuwumodel $CUM) as the fix. Distribution is the open problem.
• Official channels are thin: empty @clanktrade, Telegram 4,665 members, no docs/FAQ (site /docs, /faq, /about all 404).

6. Risks

1. Unverified contracts. Factory, curve, hook, and token contracts all have no source and no ABI on Blockscout. No audit found. Beta.
2. Week-one redeploy. v1 factory (Sep 15) → v2 factory (Sep 21) with a new event/flow; a live platform iterating core contracts is a migration/rug surface.
3. Thin liquidity. Graduation is only ~$11.7K raised; the top token has ~$128K liquidity. Exit liquidity is shallow — small sells move price hard.
4. One-token platform. 71% of aggregate MC is AGI. The 124 curve coins are effectively dead-on-arrival; platform health is AGI's health.
5. Operator overhang. Founder was publicly accused of insider trading in a prior project (denied). No official comms = no accountability channel.
6. Meta risk. Robinhood-chain launchpads are a blood sport: Noxa earned ~$12M in fees then shut down (CoinDesk), and Pons dominates with ~$1M+/day revenue and a real fee/buyback engine. A new pad needs a wedge.
7. Distribution. No terminal/indexer integration yet; trading is clank.trade-only, with wallet approve/sign friction.

7. What to watch

• First official post / Baoskee acknowledgement — until then, the "ex daos.fun" link is community-inferred, not confirmed by the operator.
• AGI holding its $2.5–3M band and whether a second name graduates.
• Contract verification + audit and whether v2 sticks (no v3 redeploy).
• Integrations (GMGN/terminals/indexers, the @0xzer0ai one-click app).
• Fee revenue math: 1% on curve + 0.3% on graduated v4 pools. With ~$4M graduated 24h volume, platform revenue is on the order of tens of thousands of dollars/day at best — vs Pons's seven figures. Scale is the question.

Reference: top 15 coins by market cap (site API, 2026-09-23)

API surface (for re-checks)

GET /v1/config                      -> {chainId:4663, factory:0x798d…, rpcUrl:/rpc, quoteToken:0x0, launchConfigId:0}
GET /v1/session                     -> null (wallet session)
GET /v1/trpc/coins.trending?batch=1&input={"0":{}}
GET /v1/trpc/coins.list?batch=1&input={"0":{"cursor":"…"}}   # 12/page
GET /v1/markets/4663:<CA>/candles?interval=1m&from=0&to=<ts>&limit=N
SSR: <script id="initial-data" type="application/json"> on / and /coin/<CA>