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GLOOM is a meme coin, deployed on Base inspired by Vitalik's cast in the /gloom Farcaster channel!
Old Contract Address: 0x4Ff77748E723f0d7B161f90B4bc505187226ED0D
New Contract Address: 0xbb5D04c40Fa063FAF213c4E0B8086655164269Ef
LP Pairing on Pancake Swap & Uniswap V2
TOKENONMICS
Ticker: $GLOOM
Blockchain: Base
Max Supply: 1,000,000,000
Circulating Supply: 1,000,000,000
Listing Price: $0.0000008226
LP Pairing: $GLOOM/ETH
Initial Liquidity: 900,000,000 $GLOOM / 0.25 ($727.69)
Airdrop: (10%): Airdrop to $DEGEN & $POINTS holders
Reflection Fee: 1% on transactions (buys, sells, transfers)
What makes $GLOOM unique compared to other meme coins on Base is that it is a Reflection Token. This a type of cryptocurrency that implements a reflection mechanism as part of its tokenomics. The reflection mechanism is designed to reward holders of the token by automatically redistributing the transaction fees back to existing holders. This redistribution occurs proportionally based on the amount of tokens held by each individual.
HERE'S HOW IT WORKS
Transaction Fee: Whenever a transaction involving the reflection token takes place (buy, sell, or transfer), a percentage of the transaction value is charged as a fee, in the case of Gloom the fee is 1%.
Redistribution: Instead of burning or sending these fees to a specific address, the protocol redistributes them among all existing token holders. This is done automatically. The more tokens a holder possesses, the more they receive in reflections.
Passive Rewards: Holders benefit from this redistribution in the form of additional tokens credited directly to their wallets. It creates a passive reward stream for long-term holders.
The concept behind reflection tokens is to incentivize and reward token holders for their loyalty and encourage them to keep their tokens rather than engage in frequent buying and selling. It is a mechanism aimed at fostering community engagement, reducing volatility, and providing a form of passive rewards to those who believe in and support the project.
WILL I SEE THE REFLECTIONS TRANSFER INTO MY WALLET?
Yes you will see your balance increase, but no, you will not see transfers into your wallet on BaseScan. This is because reflection tokens set your balance as a formula, not a fixed integer value.
DID YOU KNOW SHIBA INU IS A REFLECTION TOKEN?
With a supply of 589.29 trillion and a marketcap of $23B, Shiba Inu is currently the most popular reflection token.
WHAT IS THE FUTURE OF GLOOM?
The goal is to create an Ecosystem of Gloom. This includes a pfp collection and a Farcaster client that will integrate $GLOOM as utility. More updates to come as they develop, until then - Stay GLOOMY!
*Please note, as of March 11th Gloom has migrated to a new contract address which removes the reflections making Gloom a standard ERC20 token.
Gloom
Looks like we’re creeping up to TYBG for channel followers 🤓 Still a long ways to go before we hit DEGEN levels, but we’re just getting started. 💙👽
We are now going up to highest level
up up and awayyyy - straight to the Gloomiverse! 💙 250 $DEGEN 👽 $GLOOM
Gloom just started
We're 20 days old, tomorrow we can legally drink 😂 💙 250 $DEGEN 👽 $GLOOM
Lol , not old tough
Is there a reason it’s in pancake over uniswap?
When I first launched GLOOM Uniswap only had V3 on L2s (which does not support FoT or reflections tokens) then a little over a week ago they announced V2 launching on L2s so I quickly made a small LP with $1000…. But we get the title of 1st reflections token on V2 on Base 💁🏼♀️
think I need to get educated - what's FoT or reflection tokens?
Still holding !
This is the way SeR 💙 250 $DEGEN 👽 $GLOOM
Lovely Bix 500 $DEGEN
Thank you SeR 💙 250 $DEGEN 👽 $GLOOM
So awesome! We have done so well!
We're still so early 💙 250 $DEGEN 👽 $GLOOM
$gloom 👀
We're GLOOMING 💙 250 $DEGEN 👽 $GLOOM
My First Paragraph XYZ 👉 https://paragraph.xyz/@gloomtoken/gloom-token-101 This is an overview of $GLOOM, the tokenomics & more details about reflection tokens. Fun Fact: We're the 1st reflection token on Uniswap V2 on Base 💙
2000 $degen Gonna dig in..
GLOOM to the moon 📈🚀
Waawu I learnt something new The more you hold, the higher the reward Never knew it’s a reflection token either… I think you need to loud that more 😁😊
My First Paragraph XYZ 👉 https://paragraph.xyz/@gloomtoken/gloom-token-101 This is an overview of $GLOOM, the tokenomics & more details about reflection tokens. Working on the Meet The Artist one now 🧑🎨 🎨 Should be done within the next hour or so 😎
aping 🤝🏾
Aping is a DEGEN move, DEGEN is gloomy, we like DEGEN 💙 500 $DEGEN 👽 $GLOOM
Thanks for reminding me to LP my gloom 😂
You can choose from Pancake Swap or Uniswap V2 now 🤓 💙 500 $DEGEN 👽 $GLOOM
awesome work Bix =) tip $250 degen
Thank you so much, we're just getting started! 💙 500 $DEGEN 👽 $GLOOM
Fantastic nice
Thank you SeR 💙 500 $DEGEN 👽 $GLOOM
Great work! 500 $DEGEN
Thank you so much! 💙 500 $DEGEN 👽 $GLOOM
Gloom still glooming ?
Gloom is DEFF still GLOOMING - We're just getting started 👩🍳 💙 500 $DEGEN 👽 $GLOOM
should we use the Gloom emoji in the nickname?
Good job.
Thank you 💙 500 $DEGEN 👽 $GLOOM
lets play $gloom
We're just getting started! 💙 500 $DEGEN 👽 $GLOOM
444 $ degen 🫡🫡🫡🫡
100 $DEGEN