Bonk Guy shills protocol Long responds to skepticism: stock tokens on Arc correspond 1:1 to Robinhood holdings, discount due to USDC premium

BlockBeats news, September 14: Arc chain Launchpad Long posted on the X platform in response to some community users' questions about its project. It stated that the stock tokens issued on Arc are 1:1 custodied by real stocks held on Robinhood, can be verified on-chain via cross-chain vaults, and can be exchanged 1:1 bidirectionally with Robinhood Chain.

Longdotsupply will serve as the permanent issuer of these cross-chain stocks, and holders will not need to migrate their tokens in the future. In addition, the official attributed the low stock price on Arc to an approximately 2x premium on native on-chain USDC, and said that after the Arc mainnet and USDC cross-chain open on September 16, the premium will normalize, at which point liquidity will be injected for CRCL/USDC.

However, the tweet did not respond to other questions, such as risks in the underlying protocol of its cross-chain bridge.

Today's news: well-known crypto KOL Bonk Guy shilled Arc chain Launchpad Long, whose market cap briefly surged 27x, with multiple wallets positioned a day earlier sitting on floating profits of hundreds of thousands of dollars. At the same time, multiple community users questioned that the protocol has several major security risks.