[PRESS RELEASE – New York, United States, October 8th, 2024]
CrazyMeme has unveiled a unique linear release mechanism for its meme tokens, aimed at providing a more balanced and equitable token distribution process. The mechanism resembles a Dutch auction, designed to mitigate the advantages commonly afforded to early insiders in token launches.
According to CrazyMeme, traditional meme coin launches often allow a few insiders to acquire tokens at low prices before the general public has access. This method, however, restricts broader participation, skewing the token distribution. CrazyMeme addresses this issue by implementing a timed auction process that gradually releases tokens at a set rate over time, helping to ensure that more individuals have an equal opportunity to participate.
Key Features of the Meme Coin Release
The CRAZY token release mechanism includes the following elements, which align with the platform’s commitment to fairness and transparency:
- No Pre-sale or Team Allocation: All tokens are made available to the public with no allocation for pre-sales or internal team distributions.
- Renounced Ownership: CrazyMeme has renounced ownership of the token contract, ensuring no single entity has control over token parameters post-launch.
- No Freeze or Mint Authority: Tokens cannot be frozen or minted further, preventing any future manipulation of the token supply.
- Permanent Liquidity Lock: The liquidity pool on CrazySwap is permanently locked, removing the ability of the deployer or any entity to withdraw liquidity.
How the CRAZY Token Distribution Works
The meme coin launch process is designed to be transparent and accessible. Key steps include:
- Meme Token Creation: For a fee of 1 SOL, users can create a Meme Token, receiving 500,000 tokens (0.05% of the total supply).
- Liquidity Addition: The fee is utilized to add liquidity to CrazySwap, with an equal number of tokens added. Once added, this liquidity is permanently locked.
- Token Auction: A total of 999 million tokens (99.9% of the supply) are released linearly into the liquidity pool per block during a selected auction period (ranging from one hour to up to one year). The token price will decrease linearly if there is no purchasing activity during the auction.
- Trading on CrazySwap: Meme coins can be traded on CrazySwap, using a standard AMM trading model.
- Trading Fee Allocation: A 2% fee applies to all trades. Half of this fee supports the creator, while the remaining 50% funds the protocol.
CRAZY Token Airdrop Allocation
CrazyMeme has launched a comprehensive airdrop campaign to encourage community participation and token distribution. The CRAZY token, with a total supply of 100 billion, will be allocated as follows:
- 45% (45B) – Twitter Airdrop: Distributed based on users’ Twitter engagement and scores.
- 40% (40B) – Address Airdrop: Eligible addresses holding a minimum balance of $500 (as of the snapshot taken on October 1, 2024) will receive 10,000 CRAZY tokens.
- 5% (5B) – Creation & Trading Airdrop: Users can earn CRAZY tokens based on their trading activity and participation in token creation.
- 10% (10B) – Reserved for listing and liquidity provision.
Additionally, an Invitation Airdrop offers users a 10% referral reward based on the total airdrop amount earned by invited participants.
CRAZY Token Utility
Holders of CRAZY tokens can enjoy trading fee discounts on the platform, with reductions ranging from 20% to 50%, depending on the amount of CRAZY held.
For more information on CrazyMeme’s token release mechanism, including contract details, visit the official CrazyMeme website and social media channels.
About CrazyMeme
CrazyMeme is a decentralized platform designed to innovate and promote fairness in the world of meme tokens. With a focus on transparency and equitable token distribution, CrazyMeme leverages cutting-edge technology, including Dutch auction-style mechanisms and permanently locked liquidity pools, to prevent insider advantages and ensure broader participation. CrazyMeme is committed to providing a secure, accessible, and community-driven ecosystem for meme token enthusiasts worldwide.
For more information, users can visit crazy.meme.
Official Links
CrazMeme Contract | CRAZY Token address | Invitation Contract
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