In November 2021, 17,437 strangers pooled $47 million in Ethereum to try to buy a copy of the United States Constitution from Sotheby's. They lost — by $4 million — to a hedge fund. The token is still trading.
That is the precedent. A community with no legal entity, no lead investor, and no prior relationship with the seller, organized faster and raised more money than most venture rounds — because the mission was specific and the window was real.
Our mission is smaller. We are not buying a document. We are asking for one.
Robinhood Chain launched July 1, 2026 and has already generated $563M+ in daily DEX volume, 193,187 active addresses, and more than 16,000 new tokens per day. The community found the chain, funded it, and built on it — without asking permission.
We are asking now. PermissionDAO requests a formal letter of recognition from Robinhood acknowledging the on-chain community as a legitimate, meaningful part of the Robinhood Chain ecosystem.
Not equity. Not a partnership. Not money. A letter. Signed. Dated. On record.
"While we're building Robinhood Chain to be the best chain for RWA… it works great for memes too."VERIFY → x.com/vladtenev
In November 2021, 17,437 strangers raised $47,000,000 in Ethereum in under six days to buy a copy of the US Constitution at Sotheby's. They organized on Discord. They used a Juicebox smart contract. They had no legal entity and no prior relationship with the seller.
They lost — outbid by Ken Griffin of Citadel at $43.2M. The token still trades. The community still exists.
SOURCE: CONSTITUTIONDAO · COINDESK · NOV 2021They wanted a document. We want a letter. The mission is smaller. The precedent is theirs. We are building on it.
$PERMIT — the token of the letter. Every holder is a signatory. Every signatory makes the ask louder. Launching via Virtuals Protocol on Robinhood Chain.