Dear EEFS Community,
As you are aware by now, the team has had to take some drastic measures to protect the community. Here is what has happened.
In the last month, we saw a strong rally in ETH, with volumes rising within the meme space including on ETH Mainnet. However, despite all efforts and resources spent, the team was unable to raise volumes in the token in the same time period. We want to thank everyone for their convictions and playing their part in helping us grow the project; however, we've had a couple of whales who've had a change of heart.
With this weekend's downward pressure in crypto assets, a couple of whales (one of them having around 2% of supply) have voiced their demand and desire to sell their tokens. The team reached out and offered to purchase these tokens over-the-counter at a generous price. Unfortunately, the demands made by these whales was so excessive that, at times, the discussion seemed more like blackmail than a civil business discussion.
With our current LP strategy for EEFS (locked until next year), a selloff of their tokens in large clips at this market cap would drop the EEFS market cap by over 75%. This most definitely would have caused a panic and many community members would have been devastated.
Knowing we had a very short window to act, the team took a snapshot of all holders, their holdings, plus their current staking rewards and then proceeded to sell treasury tokens. The funds of these proceeds will be used to start the next project. Those of you who are holders will get airdropped tokens of the new project on a 1 EEFS for 1 new token conversion.
We plan on launching the new project sometime after June 1st. If market conditions are still risk on, we will do it closer to June 1st; however, expect delays if market conditions deteriorate. We want the launch of the new token to have as many tailwinds as possible, so we ask that you remain patient. We will update the community regularly on timelines and changes.
This new token will have a different LP strategy than EEFS to ensure a significantly lower chance of something like this happening again. Most likely, we will be launching this token in a different network. We will release more details as we get closer to launch.
In order for an EEFS holder to qualify for an airdrop for the new token, the holder must fill out this form by Friday May 23rd at 6:00PM Eastern. Everything will be reviewed and verified. Failure to fill out the form by the deadline will result in a forfeiture of the new token airdrop.
Form: https://t.co/aRjpjOSu8w
We want to make it absolutely clear, that the team is sticking around and will never leave. We are committed to this community and we view this event as a speedbump on an otherwise long-term successful journey ahead. We understand that many may feel perturbed and inconvenienced by this, but considering the alternative of doing nothing and letting some bad actors destroy the entire community, we felt this was a hard pill that had to be swallowed in order to maintain the integrity and the long-term value of the community.
Dear EEFS Community,
As you are aware by now, the team has had to take some drastic measures to protect the community. Here is what has happened.
In the last month, we saw a strong rally in ETH, with volumes rising within the meme space including on ETH Mainnet. However, despite all efforts and resources spent, the team was unable to raise volumes in the token in the same time period. We want to thank everyone for their convictions and playing their part in helping us grow the project; however, we've had a couple of whales who've had a change of heart.
With this weekend's downward pressure in crypto assets, a couple of whales (one of them having around 2% of supply) have voiced their demand and desire to sell their tokens. The team reached out and offered to purchase these tokens over-the-counter at a generous price. Unfortunately, the demands made by these whales was so excessive that, at times, the discussion seemed more like blackmail than a civil business discussion.
With our current LP strategy for EEFS (locked until next year), a selloff of their tokens in large clips at this market cap would drop the EEFS market cap by over 75%. This most definitely would have caused a panic and many community members would have been devastated.
Knowing we had a very short window to act, the team took a snapshot of all holders, their holdings, plus their current staking rewards and then proceeded to sell treasury tokens. The funds of these proceeds will be used to start the next project. Those of you who are holders will get airdropped tokens of the new project on a 1 EEFS for 1 new token conversion.
We plan on launching the new project sometime after June 1st. If market conditions are still risk on, we will do it closer to June 1st; however, expect delays if market conditions deteriorate. We want the launch of the new token to have as many tailwinds as possible, so we ask that you remain patient. We will update the community regularly on timelines and changes.
This new token will have a different LP strategy than EEFS to ensure a significantly lower chance of something like this happening again. Most likely, we will be launching this token in a different network. We will release more details as we get closer to launch.
In order for an EEFS holder to qualify for an airdrop for the new token, the holder must fill out this form by Friday May 23rd at 6:00PM Eastern. Everything will be reviewed and verified. Failure to fill out the form by the deadline will result in a forfeiture of the new token airdrop.
Form: https://t.co/aRjpjOSu8w
We want to make it absolutely clear, that the team is sticking around and will never leave. We are committed to this community and we view this event as a speedbump on an otherwise long-term successful journey ahead. We understand that many may feel perturbed and inconvenienced by this, but considering the alternative of doing nothing and letting some bad actors destroy the entire community, we felt this was a hard pill that had to be swallowed in order to maintain the integrity and the long-term value of the community.
Base is for degens space
Co-hosts @forgedonbase@EefsCoin crew!!!
Come showcase your Base projects, general discussions and platform for SB tools, and @KingOfApesBase users....
LFGOOOOOO
Set a reminder for my upcoming Space! https://t.co/asKIsWFlV9
🎙️ Mega Space rules 🎙️
🔶Everyone:
🔸Like, share and leave atleast 1 comment in the chat bubble 💬 in bottom right corner.
🔷Tokens and special guests:
🔹Share space in your TG, rally the community to show up!
🔹Before you request to speak,
Follow host and co-hosts.
🔹Like, Share and leave information in comment section!
Example:
———————————————
$XPX bridging the gap between web3 and real world through payment solutions 💳
Chain: BSC
TG: https://t.co/lzJc9EVYhK
https://t.co/7EQlMbEmNq
Ca:
0xfa2E4eC5a818C2D2C352f4b152C06338D476b646
[Add picture of choise]
———————————————
🔹You will be placed in queue to speak in the order that you get pulled up on stage.
🔹5 minutes pitch, I will raise my hand ✋🏼 when it is 30 seconds left.
Followed up by input/questions from me and co-hosts for additional 5 minutes.
🔶If you are a special guest that will represent your token:
🔸We will first have a conversation at start of the space, you still have to follow guidelines above, once you want to talk about your token, request to speak on the token page and join the queue, I will call on you when it’s your turn.
🔷If you are a speaker from personal account and not on the list of special guests:
🔹Send me a DM that you will be speaking for the given token.
Request to speak on token main page first to join the queue, I will pull up you on your personal account when it’s your time 🫱🏻🫲🏼
‼️If these easy steps aren’t fulfilled, you will not get stage time.‼️
It’s just common sense 🫱🏻🫲🏼
@AI_Alpha_Wolf@TrickysNFTs
@LarryMetaTrust
@tokenhominid@RicoMoneybags@digijointz@THEREALSECTION8@SongsOfEden@ginmprofy@meyefoundation@RoosterBroost3r@DeathWishCrpto@XPXtoken | $XPX
@FEGtoken | $FEG
@SolSnake_Sol
@VoltInuOfficial | $VOLT
@K9finance | $KNINE
@KenduInu | $KENDU
@DEF_APES | $DEFAPE
@quakklife | $QUAKK
@framecommunity | $PAW
@CatsOfCrypto9 | $COC
@WeedMemeCoin420 | $WEED
@EefsCoin | $EEFS
@DIGI_KOINZ | $KOINZ
@RaidSharks | $SHARX
@DreamCatSolana | $DREAM
@odincoinsol | $ODIN
@pcoinofficial | $PCOIN
@kenji_meme | $KENJI
@SpareParts_Sol | $SPU
@PrevailToken | $VAIL
@Merv_on_sol | $MERV
@SPACE_P3NGUIN | #P3NGUIN
@DXY_6900 | $DXY
❤️♠️ POKER FRI. MAY 9TH, 8:30PM EASTERN ♣️♦️
🥳SPECIAL PRIZES!
Here is how to enter ⬇️
- Follow & Like, Comment, Retweet this post
- Complete Google Docs form below
- Register for Friday match via @ClubGG_Poker Club 381354
Table talk is hosted by @EefsCoin $EEFS Team
- Join https://t.co/JJ3vtCI9XK
Game starts at 8:30PM Eastern May 9th.
Donation for entry is 0.1 SOL. One re-entry is allowed. If you'd like to donate a re-entry, please send 0.2 SOL total. If you do not need the re-entry, it will be returned to you.
Please send to wallet on Solana: 5kSYW1MfqQETniXbXue7dzCG7mgwQCZFmsxXS8vubYZX
Please fill out google forms after sending donation:
https://t.co/zzX2qzSTYC
REWARDS WILL BE AIRDROPPED TO TOURNAMENT WINNERS! 🤑
3rd Prize - NICE REWARD
2nd Prize - JUMBO REWARD
1st Prize - JACKPOT REWARD 🎉
All projects from all chains are welcome. If you'd like to join, please register 👆.
❤️♠️ POKER FRI. MAY 2ND, 8:30PM EASTERN ♣️♦️
🎉🪩SUPER SPECIAL PRIZES!
🚨🚨Joint game with @JustALotto community! All players will get an entry ball to their LOTTERY!
Here is how to enter ⬇️
- Follow & Like, Comment, Retweet this post
- Complete Google Docs form below
- Register for Friday match via @ClubGG_Poker
- Join https://t.co/L8BYZ6TWzm
Game starts at 8:30PM Eastern May 2nd.
Donation for entry is 0.007 ETH or 5000 $EEFS tokens.
If you'd like to use SOL instead, entry is 0.1 SOL.
One re-entry is allowed. If you'd like to donate a re-entry, please send two entries total. If you do not use your donated re-entry, it will be returned to you.
Please send ETH and $EEFS on ETH mainnet: 0xfDBf5743720c776b569BAf0D12Ce81eA197757a3
Please send SOL to: 5kSYW1MfqQETniXbXue7dzCG7mgwQCZFmsxXS8vubYZX
Please fill out google forms after sending donation:
https://t.co/Iji7FiOOuD
REWARDS WILL BE AIRDROPPED TO TOURNAMENT WINNERS! 🤑
3rd Prize - NICE REWARD
2nd Prize - JUMBO REWARD
1st Prize - JACKPOT REWARD 🎉
AND REMEMBER! This week every player gets a ball entry in the $LOTTO LOTTERY!
All projects from all chains are welcome. If you'd like to join, please register 👆.
❤️♠️ POKER FRI. MAY 2ND, 8:30PM EASTERN ♣️♦️
🎉🪩SUPER SPECIAL PRIZES!
🚨🚨Joint game with @JustALotto community! All players will get an entry ball to their LOTTERY!
Here is how to enter ⬇️
- Follow & Like, Comment, Retweet this post
- Complete Google Docs form below
- Register for Friday match via @ClubGG_Poker
- Join https://t.co/L8BYZ6TWzm
Game starts at 8:30PM Eastern May 2nd.
Donation for entry is 0.007 ETH or 5000 $EEFS tokens.
If you'd like to use SOL instead, entry is 0.1 SOL.
One re-entry is allowed. If you'd like to donate a re-entry, please send two entries total. If you do not use your donated re-entry, it will be returned to you.
Please send ETH and $EEFS on ETH mainnet: 0xfDBf5743720c776b569BAf0D12Ce81eA197757a3
Please send SOL to: 5kSYW1MfqQETniXbXue7dzCG7mgwQCZFmsxXS8vubYZX
Please fill out google forms after sending donation:
https://t.co/Iji7FiOOuD
REWARDS WILL BE AIRDROPPED TO TOURNAMENT WINNERS! 🤑
3rd Prize - NICE REWARD
2nd Prize - JUMBO REWARD
1st Prize - JACKPOT REWARD 🎉
AND REMEMBER! This week every player gets a ball entry in the $LOTTO LOTTERY!
All projects from all chains are welcome. If you'd like to join, please register 👆.
❤️♠️ POKER TUE. APR 29TH, 4:30PM EASTERN ♣️♦️
🥳SPECIAL PRIZES!
Here is how to enter ⬇️
- Follow & Like, Comment, Retweet this post
- Complete Google Docs form below
- Register for Tuesday match via @ClubGG_Poker
- Join https://t.co/L8BYZ6TWzm
Game starts at 4:30PM Eastern April 29th.
Donation for entry is 0.005 ETH or 4400 $EEFS tokens.
If you'd like to use SOL, entry is 0.1 SOL.
One re-entry is allowed. If you'd like to donate a re-entry, please send two entries total. If you do not need the re-entry, it will be returned to you.
Please send ETH and $EEFS on ETH mainnet:
0xfDBf5743720c776b569BAf0D12Ce81eA197757a3
Please send SOL to: 5kSYW1MfqQETniXbXue7dzCG7mgwQCZFmsxXS8vubYZX
Please fill out google forms after sending donation:
https://t.co/g1eI7fvOaD
REWARDS WILL BE AIRDROPPED TO TOURNAMENT WINNERS! 🤑
3rd Prize - NICE REWARD
2nd Prize - JUMBO REWARD
1st Prize - JACKPOT REWARD 🎉
All projects from all chains are welcome. If you'd like to join, please register 👆.