. coin went from a FREE Airdrop to ~$1,500USD each!
Why? What is it? Is there longevity?
Let's Discuss. @DontBuyMeme
1/ Thread 👇
2/ Tokenomics.
28,000 Supply.
26,000 airdrop to 73 ppl who filled out a form on Telegram.
Rest, 2,000 tokens were used to provide liquidity on @UniswapProtocol.
LP Tokens sent to @VitalikButerin wallet. 🤣. They can never be withdrawn = No rug pull possible.
3/ Concept.
Deposit tokens on either the website or ETH-MEME Uniswap pair allowing you to earn the regular 'liquidity provider' fees/revenue AND 'points' you can redeem for MEME NFTs.
4/ NFTs.
This is the key part.
The NFT's you can redeem have capped supply.
Providing ETH-MEME liquidity, you can redeem them for 'Legendary cards' with supply of only 10.
Staking MEME on the site, you can redeem for cards that are rare or common. (/100 or /1000).
5/ NFT Sales.
Those that were quick to claim the first Legendary cards sold them asap on @opensea.
For...47 & 78 ETH!
Remember, there's only 10 of these available.
6/ Suddenly De-Fi & NFTs have a real intersect.
Considering you can earn pretty good yield AND NFTs that sell for decent ETH more is being bought to be staked.
Since a lot is locked up the price is rising quickly.
Recently got a @Poloniex listing.
7/ Longevity.
Is there more to this?
Yes. A LOT More.
They are now doing Artist drops/collabs. First one being @sven_eberwein.
You need to stake towards the Sven pool. Again, locking up more Tokens.
8/ So imagine they continue.
Regularly doing Artist Collabs to incentivise more being locked up.
token will go up. Happening.
Artist get exposure to De-Fi community
De-Fi get into NFTs.
It's a HUGE win for the whole industry.
9/ The lucky 73 people who were airdropped 355.5 each would have been worth ~$560,000+ if they sat on them.
Lucky or smart?
Regardless, this space is a HOTBED of creativity with mad money moving through it.
De-Fi protocols currently have 9.5BILLION $ locked up in them.
10/ Potential.
Could be huge if they partner with artists and keep incentives aligned.
Don't know whether at $1,600 USD per token it's a good entry point BUT there's something strong here.
As more people collect NFTs, more want to stake which could drive price higher.
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