# SHYT: Community and Cold-Start Engine

*Street Held Your Testicles. Now You Hold the Street's.*

SHYT is the community **MEME token** and the cold-start engine of House of Liquidity. It launched independently on PONS before HOLI, builds the community and trading activity, and turns part of that activity into the first Treasury reserve. It is not a Treasury share and is not HOLI.

## Live on PONS

**Phase I is live. Initial Treasury accumulation is underway.**

| Item | Info |
| --- | --- |
| Network | Robinhood Chain |
| Token contract | [\`0x0105Bf7d7e7d883145806a1e5664470Ee2d1518e\`](https://robin.etherscan.io/token/0x0105Bf7d7e7d883145806a1e5664470Ee2d1518e) |
| PONS page | [SHYT Launchpad](https://www.ponsfamily.com/launchpad/0x0105Bf7d7e7d883145806a1e5664470Ee2d1518e) |
| Trading tax | **5%** from listing onward, collected **in ETH on PONS** |
| Tax allocation | **80%** to the HOLI Treasury to buy back SHYT; **20%** to development |
| Supply | Fully circulating; no further SHYT inflation |

Pre-HOLI custody and the Phase II trigger are defined in [Phase I](/launch/phase-i).

## Tax and Treasury formation

PONS collects **5%** on SHYT trades, settled in **ETH**. **80%** goes to the HOLI Treasury to buy back SHYT; **20%** funds development. The same split applies before and after Genesis—it is a property of SHYT, not a temporary Phase I campaign.

This tax is how community trading becomes Treasury inventory:

**SHYT trading → tax → Treasury buybacks → Treasury SHYT → SHYT/HOLI POL at Genesis**

The complete economic path, including why this gives HOLI a funded opening rather than an empty Treasury, is [Capital Flows](/capital-flows).

Do not mix the SHYT tax with HOLI pool mechanics. A HOLI sell burns 1% of the HOLI input; it is not LP or Treasury income and developers receive none of it. Issuance proceeds and other approved HOLI-side income remain Treasury assets. See [Fee Structure](/treasury-mgmt/amm-fees).

## Supply and team lock

SHYT does not inflate. The issued supply is the whole supply: there is no SHYT emission schedule, mint-to-swap, or seigniorage tax. Those are HOLI mechanisms. For SHYT, **market cap = FDV**. This is also the mark convention used for the Phase II trigger, NAV, and the SHYT leg of the green-channel pool.

The team holds **10% of purchased SHYT total supply** under milestone locks. These are already-issued tokens; unlocking them is not minting new SHYT. The milestones and the separate HOLI management mint are defined in [Team Tokenomics](/dual-token/team).

## Relationship with HOLI

SHYT and HOLI are linked by funding and participation, but they are different assets:

* SHYT is the community MEME token and bootstrap engine.
* HOLI is the reserve-backed Treasury share and common liquidity intermediate.
* Holding SHYT is not by itself a claim on the Treasury.
* There is no fixed-ratio SHYT-to-HOLI conversion.

After Genesis, SHYT holders can buy HOLI **at market** through the Treasury-owned SHYT/HOLI pool. That standing path is the [SHYT Green Channel](/launch/green-channel).