RATCHET Not launched
A green ratchet wheel, the token, above a vault. A hooked pawl on a fixed frame lets the wheel click forward one tooth at a time and stops it turning back. Fees drip from the wheel into the vault's slot; through the vault's window, an S&P 500 index line rises over a market map of companies. CRYPTO ON TOP S&P 500

BNB Chain · launching on Flap

Crypto on top. The S&P 500 underneath.

RATCHET is a token whose trading fees become tokenized S&P 500: holders are paid dividends, and most of it fills a reserve that any holder can redeem from.

See how it works Check it yourself

Not launched yet. No token, reserve or factory address exists on any chain.

Three numbers.

To the S&P 500 reserve

1.89%

Of every taxed trade is set aside for the reserve.

About $1.89 of every $100 traded, from a 3% fee, on the bonding curve, under today's configuration.

To holders, per $100 traded

$0.81

Paid as S&P 500 dividends.

A SPYB coin dripping S&P 500 dividends into a wallet

SPYB per token

Rises or holds. Never falls.

Counted in SPYB, whose own price moves with the S&P 500.

A step line that only goes up or stays level, with a crossed-out downward path

Onchain money should be backed by productive assets.

RATCHET builds the S&P 500 reserve first: five hundred of the largest US companies, as a token.

A rising S&P 500 index line with its area shaded
The index
Five hundred small tiles in a grid, one for each company in the S&P 500
The companies

Go deeper.

Five pages, one idea each.