Not Financial Advice, just an awesome upcoming crypto with great utility and even greater community
An All-Inclusive Community
I’m sure we all know of the massive popularity meme coins got on the bitcoin blockchain that eventually trickled into the ethereum blockchain, which will most likely trickle into the Solana blockchain as Solana is one of the fastest blockchains (50,000 TPS currently) and cheapest blockchains. Some may have missed those popular coins, but there is still a great opportunity to come join the WOOF community.
What is WOOF?
https://i.redd.it/5cv6pumtrk381.gif
WOOF is a dog meme token on the Solana ecosystem that is loaded with utility. WOOF initially launched with 1 trillion total supply, but burned 98% of the supply leaving WOOF with a circulating supply of 17.9B tokens & ~25M Market cap (estimate). As of right now WOOF has an NFT collection, NFT marketplace (in work), and Decentralized Exchange (DEX). With P2P trading (escrow service) & P2P NFT exchange currently in the works. I understand there are places like yawww where you can P2P trade NFTs, but what if you could trade NFTs, buy & sell NFTs, and swap tokens all in one place? Many popular meme tokens start off with no real utility, meanwhile WOOF is already loaded with utility from the start.
What’s going to make a coin successful?
I truly believe the biggest factor in successful coins is the community. The community markets better than anything else, the community is what supports the coin the most, and ultimately makes the coin successful. Although the WOOF community is small (27K members), I have not seen a dedicated community like WOOF has been able to bring together which is truly remarkable (especially this early on). Many of WOOFs whales were early SHIB investors and they have also attested that the WOOF community is very dedicated and overall active community for a project this early in its stage. The WOOF community is always willing to welcome anyone to come join the WOOF discord to interact with WOOF members regardless if you’re a new investor or you just have questions.
Diamond Handed Dedication
Woof has been able to retain 98.5% of holders even through extremely volatility (Woof is currently down 80% from ATH) and are net positive 7000 holders for the month. So come join Woof, and it’s insane 27K Diamond Handed community. The current market cap of WOOF is around ~20M which means WOOF is 1200 times smaller than the most popular meme coins on the market (a lot of room for growth and potential).
What can be seen in this chart from WOOF peaked around 0.0055 dropped to 0.0015 sustaining a 70% loss over just 9 days (generally due to low volume), meanwhile WOOF holders have generally held fairly steady only losing 262 holders a few days following (has already been recovered). Woof is still net positive over 7,000 members for the month even though WOOF is back where were it was just a few weeks ago price wise. It goes to show that the WOOF community truly believes in WOOF and have very strong hands that do not wither over normal volatility that is seen in small market cap coins.
Building a community through transparency and distribution
I am sure everyone within this crypto community is very aware of “rug pulls” or when developers hold a vast majority of a specific coin or token just to absolutely ditch the project when they feel like they’ve made enough money leaving investors with nothing but a useless online coin. WOOF Solana takes a lot of pride in saying that it has an amazing wallet value distribution amongst WOOF holders. No singular person holds more than 2% of Woof and the largest WOOF holder is an active member amongst the community as well (they are not a developer or apart of the development team). For a rug pull to occur within the WOOF community would take a lot of conspiring and most likely not work because at this current time WOOF is split roughly 50/50 on value distribution amongst holders who own less than 10M and those that have more than 10M.
The development team is also very transparent about the upcoming projects, community events, as well as treasury funds. The WOOF community goal is to build the strongest community possible through trust, communication, and transparency.
WOOF Whales know best
Whales are generally known as the “smart money” within a lot of financial markets. They are the ones who buy low (and early) and generally sell high. WOOF whales (+100M WOOF holders) have tripled their exposure over the month of November despite the price action and volatility. It goes to show big holders are not going to dump their position, but rather triple down on their position as the chart shows. It’s also why they are the largest holders within WOOF (value distribution is still intact).
Why use the WOOF DEX or NFT Marketplace?
When utilizing other DEXs or NFT marketplaces a lot of the fees end up being given to the marketplace as profit, however when it comes to WOOF NFT Marketplace or DEX the fees are going to be recycled throughout the community, whether it be used for marketing WOOF, exchange listings, or community rewards (overall betterment of the community).
WOOF NFT Marketplace will also be an aggregator, which means it will be able to pull from all NFT Marketplaces on the Solana Blockchain. You no longer have to jump across multiple marketplaces to view all the NFTs for sale within a collection. With the WOOF Decentralized Exchange, NFT Marketplace, and P2P trading you will be able to swap coins, shop all Solana based NFTs, and trade reliably all in one place! Did I also mention a portion of your transaction fees will also go to charity?
Making life better for the Goodest Boys (WOOF Charity Initiative)
WOOF has already began making donations to charities that are willing to accept cryptocurrency to make life better for dogs and wolves (they WOOF too!). WOOF has donated to 4 different organizations (Southeastern Guide Dogs, Mission K9 Rescue, Wolf Trap Animal Rescue, and Muttvile Senior Dog Rescue) totaling up to $10,000. We are furthering encouragement of cryptocurrency usage through donations and doing great things for the animals as well. WOOF has also stated that this only the first of many donations to come and that they have specified a wallet that will collect 2% of the fees for future donations! With every transaction 2% of it will go to a charity.
WOOFERS NFT & WOOF DAO
With a purchase of WOOFERS NFT gains you access into the WOOF DAO. For those of you unfamiliar with a DAO (Decentralized Autonomous Organization), a DAO allows for the people to anonymously vote on organizational decisions so the organization is no longer governed or manipulated by a central group or person. The only way to gain access to the WOOF DAO is by purchasing a WOOFERS NFT through minting on initial launch or on a secondary marketplace and verifying you own an NFT within your wallet.
The benefits of being in the DAO is having voting rights on future direction of the group. The people ultimately choose the direction of the group and token. Every verified NFT holder has an opportunity to shape the future of the organization they are verified in. The only downside of the DAO is that it is ran on the premise of majority vote.
Will WOOF Solana be the next big Dog Coin?
No comments:
Post a Comment