The launchpad that fueled Robinhood Chain's memecoin boom just gave away all its revenue
Noxa, a launchpad platform for the Robinhood Chain, has shut down and redirected all transaction revenue to token creators after facing criticism for spam. The move follows the volatile performance of the memecoin CASHCAT, which saw a significant price drop following the platform's closure.
Why it matters
This event illustrates the extreme volatility and regulatory risks inherent in memecoin launchpads and decentralized finance ecosystems.
The shutdown unfolded in a matter of days. On July 11, just as CASHCAT, the chain's breakout memecoin, was hitting peak trading volume , Noxa said it would stop accepting new token launches.
Two days later, the platform's website went dark. The team blamed a Cloudflare issue . On July 14, it said the domain would redirect to ENS services and creator earnings would be available for withdrawal. Late Tuesday night, Noxa posted that the platform would no longer collect fees, redirecting 100% of transaction revenue to creators instead.
"Half the timeline called it based because someone finally pushed back against the spam," wrote @zubic_eth in a widely shared post summarizing the situation. "The other half called it a generational fumble and said they killed the golden goose while making $3 million a day."
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