PROLOGUE

$PROLOGUE is an early way to invest in Fables before its main token, $FABLES, launches.

So, instead of waiting for the public launch, PROLOGUE holders will be able to redeem their tokens for $FABLES when it goes live.

Fables is building an exchange for tokenized stocks like AAPL, TSLA and NVDA.

The problem is that these tokens can trade 24/7 while the real stock market closes every day and on weekends.

This can create sudden price gaps that make providing liquidity risky.

Fables tackles this by automatically changing trading fees based on market conditions. Fees rise when markets become more volatile, giving liquidity providers more protection and incentive to provide liquidity.

The product is already live, with markets including ETH, SPY, GLD, NVDA, AAPL and TSLA.

But the most interesting part of $PROLOGUE is its connection to $FABLES.

25M $FABLES have been reserved for PROLOGUE holders. With 1B PROLOGUE supply, that's a base rate of 40 PROLOGUE = 1 FABLES at launch. Some PROLOGUE is permanently locked, so the final ratio could even be better.

This makes PROLOGUE less like a random memecoin and more like an early bet on Fables before its main token launches.

But the bigger bet is on Robinhood Chain and tokenized stocks. If tokenized equities become a major part of the chain, Fables could become an important place to trade them.

The team has already shipped a working product, but the thesis still needs to be proven. Most activity is currently concentrated in crypto pairs, while the tokenized-stock markets remain relatively small.

And the 40:1 ratio doesn't guarantee a dollar value. What matters in the end is how the market values $FABLES at launch.

$PROLOGUE is ultimately a bet that Fables can become a major trading venue for tokenized stocks on Robinhood Chain.