Base 24Hr Recap 🔵🚨
🔵 @basicblank_ recently shared metrics from @DuneAnalytics highlighting a significant milestone for @Base, celebrating 10 million users on the network. This achievement showcases the rapid growth and widespread adoption of Base within the blockchain community. The future looks promising as Base continues to expand its user base and influence in the crypto space. Stay based!
👥 @onchain_club announced an exciting initiative to bring Ottawa onchain by exploring building on Base and Coinbase, with support from Meta Era, Ultiverse, Doubler, and LBank Angels. This event, organized by MetaEra and Onchain Club, is a community gathering for builders passionate about leveraging Base and Coinbase to onboard millions of Canadians into the onchain ecosystem. Key sponsors include Ultiverse, a game production platform powered by AI, Doubler, a financial strategy protocol platform, and LBank Angel, which empowers crypto enthusiasts to shape the future.
🦾 @Optimism recently shared a quote from @jessepollak of Base highlighting the importance of governance over pure technology for Layer 2 solutions. During his speech on @tokenterminal, Jesse emphasized that the true differentiator among L2s lies in their governance capabilities. He praised Optimism for its advanced governance structures and initiatives like Retro Public Goods Funding (RPGF) , noting that they foster innovation and effective resource distribution. Jesse explained that Coinbase, being a centralized entity, chose to collaborate with Optimism to leverage its expertise in building onchain organizations, aiming to create a powerful synergy that scales Ethereum and builds robust onchain economies.
$M launchpad goes live in less than 2 hours on @Base!
Less that 1.5 hours left to get $MYST locked up to take part.
Join our TGs at @WeMYSTCL or @mdotmeme to find out how 🚀
$M is for MONEY.
YES, CASH. Giving away $100 in $MYST to a person.
1) Like
2) Retweet
3) Follow me @WeMYSTCL and @mdotmeme
And drop your wallet in the comments.
https://t.co/2wiPgJ5cqC
(From the announcement I've just dropped in our discord..)
Hope everyone is having a nice Friday already - feels like it's going to be a based weekend 💙
I'm going to do this a little differently today - it's nice experimenting and mixing it up.
Instead of just dumping everything in a single announcement, I'm going to drop multiple smaller announcements with one component each.
First up is the distro for the memecoin...
MYSTCL MEMECOIN DISTRIBUTION
Total Supply: 1,000,000,000,000 (1 trillion tokens)
Chain: We all know
- LP - 50% (500,000,000,000)
- Launch Allocation - 35% (350,000,000,000)
- Airdrops (7.5% total, comprised of...):
MYSTCLs - 7.25% (72,500,000,000)
Base Frens - 0.125% (1,250,000,000)
ETH Memecoins - 0.125% (1,250,000,000)
- Contributors (6.5% total, comprised of...):
Team, Devs, Mods - 5.5% (55,000,000,000)
Action Group - 1% (10,000,000,000)
- Promo (1% total, comprised of...):
Marketing - 0.9% (9,000,000,000)
Tweet Comps - 0.075% (750,000,000)
Zealy Comps - 0.025% (250,000,000)
=============================================================
The major adjustment we made is shifting away from only having 10% which doesn't go into the LP, and instead aligning more liquidity with the airdrop for MYSTCLs and the launchpad.
With such a small amount relatively speaking to play with before of just 10%, the ability we had to provide what we consider to be fair reward for the dedication of $MYST lockers and Pixel owners was diminished.
After looking at that scenario, the decision was made to rework the meme's tokenomic model and to assign more value to other areas.
Many huge memecoins have started with 50% or less as their initial LP allocation, and by making the changes we have we're now much happier with the way that value is being allocated.
The increase in value going to airdrops and available in the launchpad is substantially higher than we originally penned for the memecoin and reflects the value we put on the loyalty of the community, particularly by locking such a large amount of supply to gain access to this first launch 💙
The launch allocation and airdrops will be gradually released because 35% entering the market at once is obviously too much. There will be an initial amount released at TGE, and then a scheduled release of tokens to allow price to climb and the value of the token to build naturally.
I'll be dropping the next announcement in the next 2 hours with details of the launch itself including initial marketcap target and pricing targets 💙 @base
Exciting news for fellow @Mint_Blockchain MintID holders! 🟢
Just staked my #MintID to MintPool and secured my $MINT & extra #MintForest ME 🚀💚
Stake MintID here: https://t.co/N0Q46Lf9o6