XIP-37

Community Meme Coin

authorEthboi, Mochabyte
typecommunity
networkBase
statusRejected
created2024-06-12

Proposal Summary

XIP-37 proposes launching a community meme coin on the Base chain named "Juice" ($OJ). This token will be the first Infinex community token, designed to leverage the popularity of meme culture.

Specification

Overview

Following the success of meme tokens like $BRETT on the Base L2 platform, Infinex has a strategic opportunity to capture this growing market by launching its own meme token. The $OJ token is expected to enhance Infinex's visibility and engagement.

Infinex will utilize the orange emoji and orange Pepes, which are already popular mascots within its community, to create a recognizable and appealing meme token. The distinctive orange coloring of Infinex, combined with the familiar and beloved orange Pepes, will be tokenized into "Juice" ($OJ), creating a strong brand identity and a unique offering in the meme token space.

By capitalizing on these elements, Infinex will solidify its presence in the meme token market and attract a broader audience to its platform.

Token Details

  • Name: Juice ($OJ)
  • Type: ERC-20 token on Base
  • Total Supply: 420,690,000,000,000

Distribution Plan

CategoryShareToken AmountRationale
Infinex Treasury45%189,310,500,000,000Reserved for use of the Infinex Treasury.
Craterun Campaign20%84,138,000,000,000Claimable by participants who have taken part in the campaign.
Future Campaigns15%63,103,500,000,000Reserved for upcoming marketing and engagement campaigns.
Community Rewards via Discord Tip Bot10%42,069,000,000,000Promote engagement and positive behavior within the community.
Liquidity Pool5%21,034,500,000,000Allocated to ensure sufficient liquidity for trading on exchanges.
Meme Olympics Participants2.5%10,517,250,000,000Retro-active rewards for participation in the meme olympics.
Infie Necks NFT Holder2.5%10,517,250,000,000Distribute to holders of the Infie Necks NFT.

The table above lists how the $OJ token will be distributed.

Rationale

Infinex has actively embraced the "meme" meta through initiatives like the Meme Olympics, sponsorship of the Meme Global event, and the creation of a meme trading channel. The introduction of $OJ aligns with these efforts and aims to further embed Infinex within the meme community.

Technical Specification

Technical Specification for Launching Juice $OJ ERC-20 Token is below:

Token Details

  • Token Name: Juice
  • Token Symbol: $OJ
  • Total Supply: 420,690,000,000,000
  • Token Standard: ERC-20
  • Blockchain: Base Chain
  • Decimals: 18
  • Tax: None

Copyright

Copyright and related rights waived via CC0.

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