$BUGZ on @BASE Is Now Live!
CA: 0x67CA3444C44dB2c74b5Ca33d810859fbA1993847
Chart: https://t.co/h9FEG1y868
TG: https://t.co/ai0Hy3vtcz
Website: https://t.co/CgEUunQjAj
Presale is live for the next biggest memecoin that uses the ERC-50 standard on Base π°
Send ETH on BASE to:
0x67CA3444C44dB2c74b5Ca33d810859fbA1993847
Min 0.01 ETH - Max 1 ETH // 24 hours - 33 ETH max cap // Don't send from CEX.
*Like + RT + drop eth addy in the replies.
Bugz has just been released thanks to his friends who signed the petition.
He is now preparing a solid plan to launch his $BUGZ token as soon as possible.
Bugz advises you to turn on notifications π₯
[Thread] Why use the ERC-50 standard to deploy $BUGZ? π°
Using an ERC-50 instead of an ERC-20 is based on the search for innovative solutions to the challenges faced by cryptocurrency projects, especially in terms of security, transparency, and fairness.
The ERC-50 was created and popularized by @DinoBase during the creation of their $DINO token with the aim of making token launches fairer π¦
- What are the advantages? -
The ERC-50 seeks to address these challenges by introducing automated and decentralized mechanisms, such as:
β€ Automatic Lock in the Liquidity Pool: Once the token is minted, it is automatically locked in the LP, reducing the risk of rug pulls.
β€ Continuous Deflation: With a fixed percentage of each transaction redirected to the LP and removed from circulation, the ERC-50 promotes a continuous reduction in supply, potentially increasing the token's value over the long term.
β€ No Administrator: Unlike some ERC-20 projects where administrators have significant control, the ERC-50 aims for a more decentralized approach, eliminating the risk of manipulation and abuse of power.
- How does it work? -
The operation of the ERC-50 is based on a set of smart contracts that automatically govern interactions between users and the token:
β€ Automatic Minting and LP Locking: Users send ETH to the token contract's address, triggering the creation (minting) of tokens and their automatic addition to the LP.
β€ Rewards and Deflation: Each transaction involves a small fee that is either burned or added to the LP, contributing to the token's deflation.
β€ Fair Launch: The absence of pre-sale, whitelist, or administrators ensures fair access to the project for everyone, reinforcing the principle of decentralization.
These mechanisms aim to strengthen trust in token projects, while providing increased security and fairness for investors and market participants.
We received 10,000 signatures for the release of $BUGZ in less than 2 hours!
This is incredible and it shows the interest our community has in this project. More information about the launch will be provided in upcoming tweets.
Thank you all β€οΈ
I officially support @BugzOnBase, the next biggest meme coin on Base using the ERC-50 standard.
$BUGZ needs to be released ASAP. #FreeBugz
Sign the petition on: https://t.co/4ooopok0TU