Vlad Tenev, Robinhood’s cofounder, grew up in Bulgaria. During the hyperinflation of the 1990s, his grandparents’ pensions quickly lost almost all of their value. Thinking resourcefully, his grandfather started buying copper pots and pans to preserve their family’s savings. He had no easy way to invest in other things, so he filled a cupboard in his apartment with copper cookware. Vlad later described those pots as his family’s original store of value. Cookware is inspired by that story. As an homage to their family, you can buy $COOK on Robinhood Chain and earn his new store of value, $HOOD, for holding it.

Vlad Tenev, Robinhood’s cofounder, grew up in Bulgaria. During the hyperinflation of the 1990s, his grandparents’ pensions quickly lost almost all of their value. Thinking resourcefully, his grandfather started buying copper pots and pans to preserve their family’s savings. He ha…

Its fully diluted valuation is $816,000 — a very small valuation, and a figure that can change by multiples in a day.

$3.5 million changed hands in the last 24 hours, more than half its own valuation — turnover that high in a new token usually means concentrated, short-term trading.

Its pools currently quote Cookware at $0.000816, a figure that comes from the pool itself rather than from an exchange order book.