Long.xyz has launched 'LONG 500', with 5% of fees from new stock pairings to be injected into the Meme Coin AI Reserve.

Robinhood-linked crypto, stock, and meme coin issuance platform Long.xyz has announced the launch of the "LONG 500", designed to build a financial layer for on-chain stock communities, with the goal of becoming the "S&P 500 of tokenized stocks" and establishing an AI community treasury as a community-held diversified reserve on Robinhood Chain. LONG currently supports over 70 tokenized stocks. Going forward, every newly launched stock pairing trading pool will allocate a portion of stock token transaction fees directly to the Meme Coin AI Community Treasury. AI holders will gain access to and support new stock communities through this mechanism, while project creators can connect with the existing AI community and its users. Under the new mechanism, 5% of the transaction fees generated by new stock pairing pools will go to the AI reserve, while another 5% will be used to repurchase and burn tokens paired with the stocks, with repurchases triggerable by anyone at any time. The automatic reinvestment mechanism for liquidity pool returns will remain in effect, and creator fees will stay unchanged. LONG also plans to upgrade the community treasury and add new features for all previously listed trading pairs.