In this article, you will learn what is the first anti-meme coin. The latest meme coin, $MEME, was born accidentally when an anti-meme coin developer poked fun at meme coins. Less than a day later, and $MEME is closing in on $1 million in daily trading volume.
What is the First Anti-meme Coin?
The F*CK Floki Token debuted on the Binance Mainnet on November 28th, 2021. with over 420 billion tokens in circulation (420.000.000.069 to be exact). The F*CK FLOKI token is the first of its kind: an irreverently humorous, charity-based token created by an anonymous New York City UX Designer with unofficial ties to Google, according to some. This amusing new cryptocurrency is on a mission to spark an “Anti-Meme” revolution.
In October of 2021. news broke that an early investor in the Shiba-Inu token ($SHIB) had become a billionaire after investing $3.500 in the token, which had returned a phenomenal 94.278.239% in a year. Despite the fact that the The “meme coin” craze took a while to catch on, many cryptocurrency investors are already flocking to a select handful in search of comparable mind-boggling gains. Unfortunately, many of these tokens have been nothing more than “pump and dump” schemes.
According to F*CK Floki's official website (www.fckfloki.com), the currency is not attempting to “make history,” but rather hopes that its users will shun “pump and dump” meme-coin copying schemes in favor of tokens that use SafeMoon-inspired protocols with charity features. In the interest of openness, the token is publicly audited in real-time by Market Move artificial intelligence, receiving a “healthy” score with zero red flags.
The token's development was inspired by the breakthrough SafeMoon liquidity and reflection algorithms, which provide passive income and liquidity expansion. To put it another way, token holders get a piece of all future transactions, with the early adopters getting a bigger piece.
A “white paper,” or full overview of the technical characteristics of the crypto asset as well as a strategy for what it aims to accomplish over time, is now a norm for cryptocurrencies. The F*CK FLOKI token, interestingly, has a funny “Big Black Paper” in its caustic aesthetic. The token was created with the intention of creating a sarcastically amusing decentralized token to combat the fraudulent, imitation meme-coin derivatives that give no altruistic benefits. Meanwhile, the Developer Tax is donated entirely to animal Welfare organizations such as the ASPCA.
How an Anti-meme Coin Joke Backfired into a $1.2 Million Meme Coin
Decentralized Finance Product Lead at ConsenSys, Jordan Lyall, put a joke on Twitter advertising a phony project that could allow users to “Spin up a new DeFi project in as little as 5 minutes.”
The joke went viral, attracting 1.200 likes and hundreds of retweets and comments. It was so popular, in fact, that to Lyall's shock someone had minted “The Degenerator,” a meme coin based on his idea—just a matter of hours after his original tweet.
$MEME is represented by a pineapple—lifted from Lyall's mock-up and a riff of YAM, a recent DeFi project that drew in a jaw-dropping $400 million from investors in 24 hours, only for its creators to realize a few days that its Smart contracts were flawed and that everyone should immediately take out their money.
Bottom Line
The DeFi movement—which refers to non-custodial financial platforms that run on Ethereum—has exploded with popularity since coming into existence just a couple of years ago. This article is about what is the first anti-meme coin.
