Long.xyz launches "LONG 500," with 5% fees from new stock matching to be injected into Meme coin AI reserve.

BlockBeats news, September 26: Robinhood Chain coin-stock meme coin issuance platform Long.xyz announced the launch of "LONG 500," aimed at building the financial layer for on-chain stock communities. Its goal is to become the "S&P 500 of tokenized stocks" and to build the AI community treasury into a diversified reserve held by the community on Robinhood Chain.

LONG currently supports over 70 tokenized stocks. Going forward, each newly launched stock pair trading pool will inject a portion of stock token fees directly into the Meme coin AI community treasury. AI holders can thereby gain exposure to and support new stock communities, while project creators can connect to existing AI communities and their users.

Under the new mechanism, of the fees generated by new stock pair pools, 5% will go into the AI reserve, and another 5% will be used to buy back and burn the tokens paired with stocks. Anyone can trigger buybacks 24/7. The automatic reinvestment mechanism for liquidity pool earnings will continue to operate, and creator fees will remain unchanged. LONG also plans to upgrade the community treasury and add new features for all previously launched trading pairs.