The fire has reached VelvetX.
Today, we’re launching the first-ever VelvetX Trading Competition on Robinhood Chain, with 1,380,000 $PROMETHEUS in total rewards up for grabs.
COMPETITION ENDS SEPTEMBER 17th
And there is an added boost for traders. Throughout the competition, eligible $PROMETHEUS trading activity will earn 2x Volume Gems, helping traders climb the Velvet leaderboard faster and boost their allocation for the next $VELVET airdrop on October 10th.
A total of 1,242,000 $PROMETHEUS will be distributed to traders based on their $PROMETHEUS trading volume, while another 138,000 $PROMETHEUS will reward the Top 20 veVELVET holders.
Trade $PROMETHEUS. Earn 2x Gems. Climb the leaderboard. Compete for your share.
Start trading: https://x.velvet.capital/tokens/robinhood/0x20f24b8d2bcad7cd252fc60ee5f2db27c2f2f261
Track the competition leaderboard:
https://x.velvet.capital/rewards/prometheus
What is $PROMETHEUS?
$PROMETHEUS is a community-driven token launched on Pons on Robinhood Chain, paired directly with tokenized SpaceX exposure through $SPCX.
Its story connects several of the biggest narratives currently developing onchain: AI, tokenized equities, SpaceX, Robinhood Chain, and Pons.
But the story behind its creation is where things get unusual.
From a Grok Response to an Onchain Token
According to the $PROMETHEUS community, on August 28, 2026, someone asked Grok to correct a sentence by removing a hyphen.
That sentence contained a token deployment command.
Grok responded, and 67 seconds later a wallet associated with the interaction deployed 1 billion $PROMETHEUS into a Pons V2 bonding curve on Robinhood Chain, paired with $SPCX.
The originating post was stored in the transaction calldata, creating an onchain record of how the token came into existence.
The community describes it as the first Grok deployment on Robinhood Chain and Pons, with creator fees accruing in $SPCX.
Token contract:
0x20f24b8d2bcad7cd252fc60ee5f2db27c2f2f261
Why Prometheus?
The name itself has several unusual connections to the ecosystem surrounding the token.
Back in 2019, Robinhood publicly joked that “Prometheus” would have been a fitting name for the company if Robinhood had not been available.
Years later, the name appeared again in an entirely different context.
A monumental Prometheus statue has been planned for Starbase, Texas, home to SpaceX operations. The project depicts Prometheus holding his torch, connecting the ancient story of bringing fire to humanity with the technological ambition surrounding Starbase.
Then came the token.
$PROMETHEUS launched on Robinhood Chain, through Pons, paired with $SPCX, after a Grok interaction.
For the community, that collision of events created the thesis:
Robinhood. Pons. Grok. SpaceX. AI. RWAs. One ticker.
1,380,000 $PROMETHEUS Up for Grabs
The first VelvetX Trading Competition on Robinhood Chain rewards both active traders and long-term Velvet ecosystem participants.
1,242,000 $PROMETHEUS for Traders
The majority of the prize pool goes directly to traders.
A total of 1,242,000 $PROMETHEUS will be distributed to eligible participants proportionally based on their $PROMETHEUS trading volume on VelvetX.
The more eligible volume you generate during the competition, the larger your estimated share of the trading reward pool.
Earn 2x Gems While Trading $PROMETHEUS
The $PROMETHEUS rewards are only one part of the competition.
Throughout the campaign, eligible $PROMETHEUS trading volume will receive a 2x boost on Volume Gems.
Velvet Gems are Velvet’s community rewards program, designed to reward the users who are most active across the ecosystem.
The next $VELVET airdrop takes place on October 10th, and your Gems help determine your positioning for that distribution.
By trading $PROMETHEUS during the competition, you can:
Compete for your share of 1,242,000 $PROMETHEUS
Earn 2x Volume Gems
Accumulate Gems faster than normal trading activity
Climb the overall Velvet Gems leaderboard faster
Boost your positioning for the October 10th $VELVET airdrop
That means the same $PROMETHEUS trading volume can simultaneously compete for token rewards while helping build your allocation for the next $VELVET distribution.
Track Your Position on the VelvetX Leaderboard
You don’t have to wait until the competition ends to see how you’re performing.
VelvetX has a dedicated competition leaderboard that updates periodically throughout the campaign.
View the Trading Competition Leaderboard:
https://x.velvet.capital/rewards/competition
Use the leaderboard to track:
Your $PROMETHEUS trading volume
Your position against other traders
Your estimated $PROMETHEUS rewards
How your allocation changes as more volume enters the competition
Check back throughout the campaign to see where you stand and whether you want to push for a larger share of the pool.
138,000 $PROMETHEUS for Top veVELVET Holders
Trading isn’t the only way to earn.
An additional 138,000 $PROMETHEUS will be distributed to the Top 20 veVELVET holders.
This continues to add another layer of utility for users who lock $VELVET and participate long term in the Velvet ecosystem.
As VelvetX runs more community trading competitions, we want veVELVET holders to have opportunities to benefit alongside active traders.
Why Trade $PROMETHEUS on VelvetX?
This is the first VelvetX Trading Competition on Robinhood Chain, opening up a new ecosystem for future community campaigns.
During the competition you can:
Compete for 1,242,000 $PROMETHEUS based on trading volume
Earn 2x Volume Gems on eligible $PROMETHEUS trading
Boost your positioning for the October 10th $VELVET airdrop
Participate in the first VelvetX Trading Competition on Robinhood Chain
Track your volume and estimated rewards through the VelvetX leaderboard
Hold veVELVET to compete for an additional 138,000 $PROMETHEUS
Start Trading $PROMETHEUS
There are 1,380,000 $PROMETHEUS in total competition rewards.
1,242,000 $PROMETHEUS for traders.
138,000 $PROMETHEUS for the Top 20 veVELVET holders.
Plus, traders receive a 2x Volume Gems boost, helping them climb the Gems leaderboard ahead of the October 10th $VELVET airdrop.
Trade $PROMETHEUS, climb the leaderboard, and be part of the first VelvetX Trading Competition on Robinhood Chain.
Track the competition leaderboard:
https://x.velvet.capital/rewards/prometheus
The fire is already onchain.
Now the competition begins.
Start trading: https://x.velvet.capital/tokens/robinhood/0x20f24b8d2bcad7cd252fc60ee5f2db27c2f2f261
Disclaimer
This trading competition and its $PROMETHEUS rewards are being provided by the community behind $PROMETHEUS. Velvet is providing the trading platform and competition infrastructure.
Participation in this competition does not constitute an endorsement, recommendation, or promotion of $PROMETHEUS by the Velvet team.