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            <title><![CDATA[$TOKE: The People's Coin]]></title>
            <link>https://paragraph.com/@0xfent/toke-the-people-s-coin</link>
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            <pubDate>Sat, 06 Jul 2024 02:23:18 GMT</pubDate>
            <description><![CDATA[In The BeginningBorn of the endless cosmic void that we call the internet, a clump of data scattered across the Solana blockchain, managed to capture the hearts of a group of Degens against all odds. Come, follow the almost paradoxical story about how a decentralized by nature piece of technology can bring closeness and unity unlike anything we’ve seen before. Just as Satoshi Nakomota, the faceless leader that changed how we view reality, gave rise to an army of passionate visionaries spread ...]]></description>
            <content:encoded><![CDATA[<h2 id="h-in-the-beginning" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">In The Beginning</h2><p>Born of the endless cosmic void that we call the internet, a clump of data scattered across the Solana blockchain, managed to capture the hearts of a group of Degens against all odds. Come, follow the almost paradoxical story about how a decentralized by nature piece of technology can bring closeness and unity unlike anything we’ve seen before. Just as <strong>Satoshi Nakomota</strong>, the faceless leader that changed how we view reality, gave rise to an army of passionate visionaries spread across the globe, <strong>$TOKE</strong> inspires and empowers the people who HODL to their heart’s content.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><h2 id="h-origins" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>Origins</strong></h2><p>Let’s look into the extremely niche and fascinating corner of the internet that birthed <strong>$TOKE</strong>. Cryptocurrency provides the perfect intersection of unregulated financial instruments and meme culture, a match made in Heaven. These unsuspecting parents birthed <strong>$TOKE</strong>, an internet oddity.</p><p><strong>$TOKE</strong> is <strong>DePIN’s first meme coin,</strong> with deep liquidity and real integrations . <strong>DePIN</strong> stands for <strong>Decentralized Physical Infrastructure</strong>. Don’t know what DePIN is and want a deep dive? Click <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://medium.com/@DepinDaily/what-is-depin-decentralized-physical-infrastructure-explained-4d44a50dc705"><strong>here</strong></a>. <strong>$TOKE</strong> was put into motion by **<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.myceliumnetworks.com/">Mycelium Networks</a> **as a joke. <strong>Mycelium</strong> is an enterprise-grade DePIN deployer. Based out of Northwest Arkansas, <strong>Mycelium</strong> has created the world’s first physical <strong>DePIN</strong> testing ground, the <strong>Mycelium Testbed.</strong></p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><figcaption HTMLAttributes="[object Object]" class="">Mycelium Networks</figcaption></figure><p>**<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.myceliumnetworks.com/">Mycelium Networks</a> **launched an NFT project titled “<strong>Taste Of Mycelium</strong>” this project was mostly friends and family of the team. The collection, also referred to as the “<strong>Beta Testers</strong>”, served to provide holders with early access to upcoming projects and other unofficial perks. Little did holders know, they would serve as the breaching point into the <strong>$TOKE</strong> rabbit hole. On <strong>June 22nd 2023</strong>, <strong>100% of $TOKE’s total supply</strong> was airdropped to <strong>Taste of Mycelium Holders</strong>.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/ec94a59ef024d386db2c8701b06627f74c77a64c2dacb5f0254aaeea744334da.png" alt="Taste Of Mycelium" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Taste Of Mycelium</figcaption></figure><h1 id="h-tokenomics" class="text-4xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>TOKEnomics</strong></h1><h2 id="h-420000069-max-supply" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>• 420,000,069 MAX SUPPLY</strong></h2><h2 id="h-100percent-supply-airdropped-to-taste-of-mycelium-nft-holders" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>• 100% SUPPLY AIRDROPPED to Taste of Mycelium NFT Holders</strong></h2><h2 id="h-0percent-team-allocation" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>• 0% TEAM ALLOCATION</strong></h2><h2 id="h-12k-holders" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>• 12K+ HOLDERS</strong></h2><h2 id="h-7percent-locked-dao" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>• 7% LOCKED DAO</strong></h2><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/a53fa7376b80b1d0e63155f206c0ce28408a77e48a9f100746eaf2eb13de3788.jpg" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><h2 id="h-community" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>Community</strong></h2><p><strong>$TOKE</strong> has garnished a cult like following, followers initially branded themselves as the <strong>McToken Community</strong>. <strong>McToker’s</strong>, as they called themselves, created <strong>liquidity pools (LPs)</strong>, <strong>Socials</strong> and a <strong>DAO</strong> <strong>(Decentralized Autonomous Organization)</strong>. All seemed perfect, until the community realized that the <strong>idiot developers locked 7% of the supply</strong> in “<strong>The Vault</strong>” at inception. So what we thought was a full <strong>100% supply airdrop</strong> was actually only <strong>93%</strong>. The only way to unlock this treasure trove of <strong>$TOKE</strong> would be a vote. You can view “<strong>The Vault</strong>” <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://app.realms.today/dao/BEmzTQaiwyj69uvxmdL9fSEuETg9vsVrRDAkmDE1HWTD/treasury/v2"><strong>here</strong></a>.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/6887dc20a388c8835f293ee624d95c18788231d7d4b6c63502d58c08cb3918d0.png" alt="The Vault holding 7% of TOKE&apos;s Total Supply" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">The Vault holding 7% of TOKE&apos;s Total Supply</figcaption></figure><h2 id="h-the-great-mcvote" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>The Great McVote</strong></h2><p>The “<strong>Great McVote</strong>” happens once a year on <strong>April 20th</strong>. This annual event draws the attention of all holders. In an attempt to undo the mistakes of the developers, all holders of <strong>$TOKE</strong> cast their vote. <strong>1 $TOKE = 1 vote</strong> during the <strong>Great McVote</strong>. In order to unlock the <strong>7% of $TOKE supply locked</strong> away in “<strong>The Vault</strong>”, 60% of <strong>$McTokers</strong> must vote yes. Sadly, during the inaugural <strong>Great McVote</strong>, “<strong>The Vault</strong>” wasn’t unlocked.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/31a36e40791e2932205f33a0bd0d8685861c0880ae4e5b044a11c4efd06ebb36.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>Even though we failed to unlock “<strong>The Vault</strong>”, the <strong>Great McVote of 2024</strong> was still an amazing time. <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://discord.gg/eRAz2cRq"><strong>TOKE’s Discord</strong></a> featured a <strong>TOKE Faucet,</strong> dispersing <strong>420 $TOKE</strong> to all who took a hit! The Discord also hosted a <strong>1,000,000 $TOKE</strong> <strong>Raffle</strong>, valued at <strong>$1,000+</strong>!</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/bedbcc1b11a3c5ade495b0b17052a102cf9826fea1e19c6133ba915971841f18.png" alt="1,000,000 $TOKE Raffle circa. 2024" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">1,000,000 $TOKE Raffle circa. 2024</figcaption></figure><p>Another fun festivity was the <strong>Wheel of TOKE</strong>, (<strong>W.O.T.</strong>). This interactive game allowed holders to play bets of <strong>$TOKE</strong> to either <strong>2x, 1.5x, 1.2x, lose, or hit the jackpot!</strong> Soon, the <strong>W.O.T.</strong> will be implemented as a permanent game allowing holders and users of <strong>$TOKE</strong> to play year round! As someone who got to experience playing the <strong>W.O.T</strong>. alongside community members, I can attest and say it was a blast!</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/4432a9373c3b6b17903a6a20f9ee15c587ffbddc8c52fda4c5346c7e92909f4b.png" alt="Wheel of TOKE" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Wheel of TOKE</figcaption></figure><p>All participants from the <strong>Great McVote of 2024</strong> were <strong>airdropped</strong> an <strong>official NFT</strong> to commemorate their participation in the inaugural <strong>Great McVote.</strong> These may serve as a basis of entry for future events or even qualify holders for airdrops of more tokens in the future. Want one? Check them out on <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://magiceden.io/marketplace/great_mcvote"><strong>Magic Eden</strong></a>!</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/12c52b1dc8a2c9fb2b572f829ca853a6835b6cd596b637cd7d9d6af05173e547.png" alt="Magic Eden Marketplace" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Magic Eden Marketplace</figcaption></figure><h2 id="h-the-next-chapter" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>The Next Chapter</strong></h2><p>The <strong>Great McVote of 2024</strong> was a massive success, however the festivities were mostly spearheaded by a select few individuals. These individuals being <strong>@christiangoff, @og_rish,</strong> <strong>@spiltdior, @rob1453,</strong> and <strong>@meta.light</strong>. These soldiers put the <strong>$TOKE community</strong> on their back to help make the <strong>Great McVote</strong> a reality. Going forward <strong>TOKE</strong> set out to become the <strong>most liquid DePIN token on SOL</strong>. To do this, the team created <strong>LP</strong> after <strong>LP</strong> pair, this in turn increased <strong>$TOKE’s</strong> trading volume up to a daily volume of <strong>$160k</strong>! As of May 29th 2024. <strong>$TOKE</strong> had <strong>$259K TVL</strong> with <strong>23+</strong> active LPs. As of writing, $TOKE currently has <strong>27 active LPs</strong>.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/25c6725d27a64ff97b31a26d1cf6f3f727ed1dccaea181478428c18a0031f6e5.png" alt="$TOKE X $UPT LP" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">$TOKE X $UPT LP</figcaption></figure><p>The <strong>TOKE Community</strong> knew that as the project grew, there would be a need for solid and well defined leadership. The pioneers that spearheaded the <strong>Great McVote of 2024</strong> shouldn’t have to carry the weight of the entire community. So the community nominated fellow <strong>$TOKE holders</strong> for seats upon the official <strong>TOKE UP DAO Counsel</strong>. This group of elite <strong>$TOKE holders</strong> would be the leaders of the community and draft proposals for the <strong>TOKE UP DAO</strong> going forward. Can these counsel members build a community strong enough to unlock “<strong>The Vault</strong>”?</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/5dff21068a596999e5b958684b9c5f859491414635541087a79b07ca38bf2417.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>One <strong>June 18th 2024</strong>, the 1st Counsel of the <strong>TOKE UP DAO</strong> was announced and included: <strong>@christiangoff, @og_rish, @keith_rettig, @earthdarkplanet, @rob1453</strong>. As the <strong>TOKE UP DAO</strong> structure solidifies, there will be more leadership positions available soon. That being said, it’s never too late to shape <strong>TOKE’S</strong> future!</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/1a1b3e923add67e46147af355110fa1d75eacdf205f52aaa9ec209e35e06c741.png" alt="Announcement of Counsel Election Results" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Announcement of Counsel Election Results</figcaption></figure><h2 id="h-one-of-us" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>One of Us!</strong></h2><p>Interested in writing history? Join the <strong>World’s First DePIN Memecoin Community.</strong> Be a part of a project that is truly decentralized. Join the <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://discord.gg/eRAz2cRq"><strong>Discord</strong></a> today! Want to become a holder of <strong>$TOKE</strong>? Follow the step by step guide below. Peace out and TOKE up!</p><ol><li><p>Download a <strong>Solana Wallet</strong>. (Here are some recommendations <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://phantom.app/"><strong>Phantom</strong></a>, <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://glow.app/"><strong>Glow</strong></a>, <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://solflare.com/"><strong>Solflare</strong></a>)</p></li><li><p>Get Some <strong>Solana</strong> or <strong>USDC</strong> in your wallet</p></li><li><p>Swap on <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://birdeye.so/token/AmgUMQeqW8H74trc8UkKjzZWtxBdpS496wh4GLy2mCpo?chain=solana"><strong>Birdeye.so</strong></a></p></li><li><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://discord.gg/eRAz2cRq"><strong>Join the Discord!</strong></a></p></li><li><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://x.com/TokeCommunity"><strong>Follow the Twitter!</strong></a></p></li></ol><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/fd650670da7e6b855cfc0ee16cf9875d4532a5c5045361063f8ca9b51a2992c7.png" alt="To The Moon! See You There!" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">To The Moon! See You There!</figcaption></figure>]]></content:encoded>
            <author>0xfent@newsletter.paragraph.com (0xFent)</author>
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