pretty cool that four meme not gated like robinhood does real BNC on nasdaq: ~$3.3-3.5 $BNC4 on pancake right now: ~$7.8 how BNC4 minting actually works: - send min 10,000 usdc, submit the txid via their mint form - they buy the REAL BNC shares on nasdaq first, then mint you BNC4 at whatever price they actually paid, 1% fee, refund the rest - processed strictly in order received - $2m+ already queued as of this morning so yes, it's a real nav arb, mint at real-stock price, sell into a token trading multiples above it but the edge is closing from both sides while you wait: your own buy pushes the real stock (thin, ~$350-600k avg daily volume) up, and every mint ahead of you in the queue dumps more supply into the token you're about to sell, pushing it down