Recently, I listened to several Spaces hosted by @GalaBNB, which gave me a sense of revitalizing the glory of the BSC chain. Women are not inferior to men, and it has restored my confidence in the BSC chain! In fact, my initial positive impression of the BSC chain and its wealth effect came during the boom of blockchain games in 2021, when #RACA, #BNX, and later running shoes and Star Shark, each created wealth for many.
Now that blockchain games are no longer in vogue, the glory of the BSC chain will bestow great responsibilities on the meme track. After all, every chain is now building its own pumpfun, and everyone recognizes the value of memes for a public chain. It’s not just about trading volume and traffic attention; it’s also the key to the deflationary consumption of a public chain's sovereign token. Taking the SOL chain as an example, about 30,000 meme coins are launched daily in pumpfun, with each meme coin locking 10 SOL, which will bring a daily locking consumption of 300,000 SOL. In the last cycle, the booming ETH chain used the Opensea NFT market as the medium for locking. If you understand this principle, you will know why supporting meme coins for your own public chain is a long-term and significant task!
Therefore, our team has carefully selected numerous meme coins in the BSC chain and discovered #WHY (@whyanelephant). First of all, this elephant is very lovable and chill, isn’t it?
Additionally, the #WHY token represents an innovative MEME model in the BSC ecosystem, aiming to create unique value for users and the public chain ecosystem. Its unique design and value embodiment are what attract us the most:
- Unique Mechanism Design
The #WHY token charges a 1% transaction fee through the V3 mechanism and directly injects it into the liquidity pool to achieve a deflationary effect. Unlike the traditional MEME token burning or buyback models, WHY chooses to directly enhance the pool's depth, ensuring a more stable price and providing users with a better trading experience (currently, the pool has reached 16.3 million USD, the deepest pool, bar none).
- Ecological Feedback and Long-term Value
The 1% fee has a negligible impact on retail investors but effectively prevents frequent trading by market makers and large holders, forming a trading ecosystem primarily composed of retail investors. This design not only supports the long-term stability of the token price but also recycles transaction fees back to #BNB, indirectly enhancing the value of the BSC public chain.
- Low Threshold and High Compatibility
The innovative model of the #WHY token combines simplicity and functionality, requiring no complex mechanism understanding, thus lowering the threshold for user participation. Its design is suitable for a new generation of IQ50 users, catering to their interest in MEME culture while meeting the BSC ecosystem's demand for simplified experiences and rapid expansion.
- Common Interests of Public Chain and Community
The mechanism of the #WHY token positions the BSC ecosystem as the biggest beneficiary, providing continuous momentum for the ecological construction of BSC through the growing liquidity pool and the deflationary effect of transaction fees. This design strengthens the binding relationship between the public chain and the token, laying the foundation for future promotion and application.
So you will find it easy to understand why Binance recently listed the #WHY token; after all, value capture is a huge benefit for both the BSC chain and BNB, and creating a benchmark is of great long-term significance!
Additionally, there is the collaboration between #WHY and the official @TrustWallet, and #TrustWallet is essentially Binance's own child, which clearly shows the empowering value. Will there be new gameplay derived in the future, such as staking #WHY to participate in #TrustWallet's Launchpool; or #WHY as one of the mediums for participating in BSC chain pumpfun, etc.? After all, such a deep pool provides stability and security for many applications and innovations!
In summary: The #WHY token integrates various innovative gameplay, satisfying new users' interest in MEME culture while injecting long-term value into the BSC ecosystem through its mechanism design. It is an important milestone in the evolution of the MEME ecosystem on BSC, worthy of long-term attention and consideration. 🧐
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