The market is pumped full of thousands of new memecoins every day. Some are funny, some are based, most are rugs…
It is estimated that over 99% of all memecoins will fail within their first week.
Even legitimate memecoin creators with the best intentions often fail due to the unfiltered mass of memecoins on the market drowning them out.
So, how will $MILO, a relatively stereotypical memecoin of a dog wearing a towel, be any different?
/milo is based and he’s in a towel what more do you want!!! https://i.imgur.com/X8P8Hn6.jpg
There are five key attributes that set MILO apart from the rest of the memecoins currently clogging the market:
Unlike most memecoins, which try to get maximum exposure on all platforms right away (specifically on X), $MILO is a Farcaster-native (and Farcaster-first) memecoin.
Farcaster, and its flagship Social-Fi Warpcast app, has established itself as the social network of choice for on-chain builders and creators.
Unlike Crypto Twitter, which is where the unfiltered mass thrives, tokens launching exclusively on Farcaster need to display some sort of legitimacy to gain traction from the hardcore degens that regular the platform.
The /milo channel on Warpcast has already gained a following of over 6k users.
MILO plans to merge the gamification models of memecoins with the groundbreaking Frames technology found on Farcaster. With an ultimate goal of building a full dApp experience on the platform.
He's Based 🔵 He's in a Towl🧻 He's at 6k followers! 👀 🎉 🐶 https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/76ef0b0f-c31c-4f10-9e59-fb8089600500/original
The $MILO token launch will look very different from your average memecoin dump.
The contract for the launch will go far beyond the liquidity-locked, contract-receded trope (which doesn’t necessarily prevent rugs).
The $MILO launch contract will include a unique “anti-jeet” mechanism. This will prevent misaligned whales from purchasing large amounts early on and dumping on smaller holders.
A tax on rogue LPs (i.e., pools set up external to the official Treasury) will also be implemented to ensure a fair and equitable launch.
In-depth overview of $MILO Tokenomics
Additionally (and more conventionally), $MILO will also utilize a linear price curve to accumulate the initial liquidity, decentralizing the liquidity source.
Beyond the initial token mint, the broader $MILO ecosystem will also employ “S-tier” smart contract tech to enable in-frame staking, BabyMilo NFT distribution, and earn $MILO emissions from NFT staking.
The next thing that sets MILO apart is its gamification model. Each week, you have a chance to mint 1 of 10 BabyMilo NFTs by “Leashing” your $MILO (200k minimum).
You can increase your chances of acquiring a BabyMilo by leashing for longer or by leashing a larger amount. And if you hold $DIVI in your wallet, you can earn a bonus BabyMilo mint chance.
BabyMilo NFTs are a set of 1000 unique, hand-drawn characters with varying breeds and rarities. Rarity is determined by breed, color, accessories, and other factors.
The initial mint will occur on Farcaster, with the first 100 being made available to whitelisted addresses. The remaining 900 will be released at a rate of 10 per week to users who earn the chance to mint through Leashing.
Once you have minted your BabyMilo, you can stake it to earn more $MILO… which can be used to earn more BabyMilo NFTs through Leashing, creating a unique “symbiotic” reward model.
Another factor that sets MILO apart is its established ecosystem. Unlike most memecoins, which are created out of nowhere by relatively unknown teams, MILO is being built by a team under the guidance of Nick Saponaro, the founder of Divi Project.
The Divi ecosystem currently consists of the flagship Divi Wallet, DiviGo, DiviDeFi, DiviSwap, as well as the native Divi Blockchain itself — which has been running uninterrupted since its launch in 2018.
Furthermore, the extended Divi universe includes projects like the digital comic book creator Lightning Works and the FPS shooter games Siege Worlds and Downfall.
As future airdrops or additional NFT mints within the larger Divi ecosystem occur, BabyMilo NFT holders will almost certainly be whitelisted.
MILO is focused on bringing real value and fun to $MILO holders. A trap many meme projects fall into is simply hyping their projects without adding any substance.
Additional gamification, unique in-frame mini-games, NFT whitelistings, and incentivized quests (e.g. Based Puppies) are just a few of the things $MILO holders have access to.
We want to make sure you hold $MILO for the fun it brings, as well as its potential to moon.
Details of the $MILO token launch, as well as the BabyMilo mint date, will be posted on the /milo channel on Warpcast.
BabyMilo
%26url%3D%2540babymilo%26avatarUrl%3Dhttps%253A%252F%252Fstorage.googleapis.com%252Fpapyrus_images%252F88012dd1aa212d20fa8792df5e6d9fdb.jpg%26featuredImageUrl%3Dhttps%253A%252F%252Fstorage.googleapis.com%252Fpapyrus_images%252Fb97c302a4352bccd41047c3cfc7841f0.jpg%26size%3D1024&w=3840&q=75)
Great read! Thank you!
Can't wait to have a based #babymilo