Community Meme Coin
| author | Ethboi, Mochabyte |
| type | community |
| network | Base |
| status | Rejected |
| created | 2024-06-12 |
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
| Category | Share | Token Amount | Rationale |
|---|---|---|---|
| Infinex Treasury | 45% | 189,310,500,000,000 | Reserved for use of the Infinex Treasury. |
| Craterun Campaign | 20% | 84,138,000,000,000 | Claimable by participants who have taken part in the campaign. |
| Future Campaigns | 15% | 63,103,500,000,000 | Reserved for upcoming marketing and engagement campaigns. |
| Community Rewards via Discord Tip Bot | 10% | 42,069,000,000,000 | Promote engagement and positive behavior within the community. |
| Liquidity Pool | 5% | 21,034,500,000,000 | Allocated to ensure sufficient liquidity for trading on exchanges. |
| Meme Olympics Participants | 2.5% | 10,517,250,000,000 | Retro-active rewards for participation in the meme olympics. |
| Infie Necks NFT Holder | 2.5% | 10,517,250,000,000 | Distribute 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.