Traders
People buy and sell $CONSOL. Every trade pays a 3% fee: a 2% creator tax and a 1% Pons base, collected in ETH.
The first perpetual coupon
The Net Consol
Hold $CONSOL. Collect $NET. Forever.
Every trade on the paper buys the fund's token and posts it to holders. Drops are automatic. There is nothing to claim.
Fixed supply · Robinhood Chain · launched via ponsScroll
- Fixed supply
- 1,000,000,000
- Trading fee
- 3%
- Routed to holders
- 1.98%
- Caller bounty
- 1%
- Coverage floor
- 97%
01 / How it works
Nobody runs this. It runs itself.
Every trade pays a 3% fee in ETH: 2% creator tax and 1% to Pons. The 2% piles up in an escrow that cannot be spent on anything else. Anyone can poke the distributor, which swaps that ETH into $NET, keeps a 1% bounty, and pushes the rest to every holder at once.
The contract has no owner and no admin key. No staking. No claiming. Nothing to click.
The whole machine, drawn out.
Fee escrow
The 2% creator tax lands here in ETH and simply builds up. Pons keeps its 1%. There is no other door out of the pot.
Anyone pokes it
Any wallet can call poke() with holder addresses only — never amounts. A 1% bounty makes it worth someone's time.
The distributor
No owner, no admin key. It claims the ETH, buys $NET behind a price guard, reads every balance on chain, and refuses a list under 97% coverage.
Your wallet
$NET arrives. You did not sign anything, claim anything, or stake anything. You just held.
02 / The fund
Every mark is a holder.
The disc is packed the way a coupon book is stamped. It widens as wallets join. Fees never sit with a team wallet. After lock there is no admin key and no way to spend the pot on anything but $NET for holders.
- Unclaimed fees
- 0 ETH
- Distributed to date
- 0 NET
- Converted to date
- 0 ETH
- Phase / coverage
- Idle · —
Collected but not yet pushed out.
Swapped into $NET and sent to wallets, pro rata.
Total ETH the distributor has sold for $NET.
A list under 97% is thrown out.
The clock does this
The coupon is poked, not claimed
A keeper calls the distributor. This button is only a spare. Quoted output 0 NET.
The register fills at launch.
03 / The plan
Three steps. Two of them are doing nothing.
1 /
Buy
Buy $CONSOL on the Pons launchpad. That is your entire contribution schedule. No form, no advisor, nobody will ring you about risk appetite.
2 /
Hold
Keep it in a wallet you control and go about your life. Every trade anyone else makes routes 1.98% of that volume into the coupon while you sleep.
3 /
Collect
The distributor swaps the pot into $NET and sends it straight to your wallet, pro rata. Your coupon, on chain, cashed by nobody but you.
04 / Benefits estimator
Model your coupon.
Drag the sliders. The cheque updates. This is an illustration, not a promise. Payouts track real trading volume, and volume is a fickle thing.
volume × 2% creator tax × 99% after bounty × your share of supply. An illustration, not a promise. Coupons track live trading. Volume is a mood.
05 / Questions
Reasonable concerns.
Is this a second NET?
No. NET stays the reserve-backed share of the fund. CONSOL is a Pons-launched coupon paper. Holding it is how you get in line for the $NET those trades buy.
Is the coupon a promise?
The team does not owe you NET. The contract does, and only from fees that actually trade. If volume dies, the coupon shrinks toward zero. That is the risk, stated first.
Do I have to do anything?
No. That is not a feature we are underselling. It is the entire product. Hold the token in a wallet you control and $NET arrives on its own.
What if nobody pokes the contract?
A keeper calls it on a timer. Anyone else still can, and the 1% bounty pays for gas. If the clock and the crowd both go silent, the ETH just sits in escrow. It cannot be spent on anything else.
Can whoever pokes it cheat?
They submit addresses, never amounts. The contract reads every balance itself and throws the whole thing out unless the list covers 97% of eligible supply. The caller is paid for the gas, not trusted with the maths.
What is excluded?
The curve, the locker, the pool manager, the hook, the burn address, and the distributor. They can hold CONSOL. They never collect the coupon, so nothing leaks back to the project.
Why The Net Consol?
Consols were perpetual British government bonds. You held the paper. A coupon arrived from the revenue of the realm. This one is funded by $NET: hold CONSOL, collect the fund token.
Can I lose money?
Yes. Comfortably and quickly. This is a meme coupon with no floor. Never buy more paper than you can afford to set on fire.