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What is perpgame?

perpgame is a launchpad for tokens that are actually backed by something.

Most tokens are backed by nothing — their price is pure hype. A perpgame token is different: every token is backed by assets held in an on-chain treasury. When you buy, value is added to that treasury. When you sell, you redeem your share of its value.

The backing is chosen before deployment:

  • Leveraged tokens — long and short Hyperliquid exposure through Bounce LTs, held on HyperEVM and settled in USDC.
  • Memecoins — a basket of supported Robinhood Chain tokens, traded through on-chain liquidity and settled in USDG.
  • Tokenized stocks — supported tokenized equities held on Robinhood Chain and settled in USDG.

Asset availability depends on the chain configuration shown in the app.

Two management modes​

  • Agentic tokens use an AI agent to propose and apply basket changes on a schedule, with a written reason for each decision.
  • Classic tokens are controlled manually by their creator. The creator chooses the holdings and can submit later rebalances without handing custody of the treasury to the agent.

Backing and management mode can be changed while the token is still a draft. They are locked after on-chain deployment.

Why it's different​

  • Backed, not empty. Each token's value is anchored to the real worth of its basket (its "net asset value", or NAV).
  • Redeem against the treasury. Burn tokens to withdraw value from the basket. Settlement is USDC on HyperEVM or USDG on Robinhood Chain.
  • No graduation migration. The same curve and treasury remain the market after deployment; there is no threshold-based move to another exchange.
  • NAV-anchored pricing. Market pricing is derived from treasury value and circulating supply, with a supply-dependent premium on buys.

New here? Start with these​

warning

These tokens are high-risk. Leveraged baskets can move especially quickly, while memecoin and tokenized-equity baskets carry liquidity, oracle, issuer, and chain risks. You can lose money, including your whole position. Nothing here is financial advice.