Every memecoin you've ever bought has the same problem: a thin LP. Supposedly million-dollar market caps, but halving on a merely $10k sell
You've seen it. $5K of liquidity, a chart that looks alive, and no exit at size. The pool is the product and you are the liquidity.
Then there's @flipcash. Reserve-backed currencies where the dollar underneath is issued by @coinbase.
Flipcash currencies are fixed supply and priced on a discrete exponential bonding curve, with USDF locked in a reserve contract at every step.
The reserve is always the counterparty. You always know exactly what a currency is worth, and you can always sell back into it.
As @jeffyanta put it when he shipped the Reserve Contract: 48 SOL to deploy, two precomputed pricing tables of 210k entries each, specifically so small buys and sells still register price movement in a currency's early days.
The dollar underneath it isn't imaginary: USDF is issued by Coinbase on their Custom Stablecoin platform and backed 1:1 by USDC. Launched May 20 on @solana.
So where does $JEFFY fit?
@jeffycurrency is the currency people are actually showing up for.
Jeff is the founder.
$Jeffy is the meme.
Flipcash is the casino
I hold $JEFFY. DYOR.
Was introduced to @flipcash in April and learned a bit about why @jeffyanta and co are building it
Found @jeffycurrency and instantly realized that it would be a great onboarding magnet and as Jeff said, we're seeing that play out right now
The community is growing, the app is improving, and things are getting a bit more sticky
If you've been early before, you can recognize what it looks like and feels like when that ripple starts to turn into a small wave
While most will focus on $JEFFY at first for speculative upside or community, I think $USDF can gain some serious traction in the U.S.
TLDR from their partnership announcement in May ⤵️
"Coinbase and Flipcash announced the launch of USDF, created with Coinbase’s Custom Stablecoin platform. USDF is a USD stablecoin issued on @Solana and fully backed by USDC. This collaboration is a step forward in making stablecoin issuance more accessible."
@klik_evm does https://t.co/BTelBDQQdZ support trading as well?
0x1F5949273e737F795689b3A0d628D0B5423B5620
pls post some guides/links on where to bridge and even trade