What is Milady Cult (CULT)? Overview of the Non-Fungible Token project that just launched on Binance Alpha

What is MiladyCult?

MiladyCult is a digital asset ecosystem belonging to Remilia Corporation, focusing on combining NFT art with decentralized finance (DeFi) and progressive ideology.

According to cultpaper.pdf, CULTCOIN ($CULT) is described as a digital asset representing the intersection of technological capitalism, revolutionary ideology, and market intelligence. Emerging in a rapidly developing technological society, $CULT is the central token of the Remilia ecosystem, designed to empower the community, support governance, and promote creative initiatives in the NFT and digital art space.

Remilia is famous for the Milady Maker NFT collection, which has built a loyal community through its unique art style inspired by Japanese anime. MiladyCult and $CULT are expected to expand this ecosystem, creating a self-sustaining economy based on community participation. The project successfully raised $20.5 million in the pre-sale in July 2024 and reached a peak FDV of $845 million, currently stabilizing at $640 million.

The Birth of CULT

CULT is the main token in the Remilia ecosystem, emerging after the project became famous with the Milady Maker NFT collection and derivative products like Remilio Baby that attracted the global Web3 community. On June 13, 2024, the official Milady Cult account on X announced the opening of the CULT token pre-sale – a new token on Ethereum expected to be the center of the Remilia ecosystem.

In a short time, this pre-sale successfully raised $20.53 million, with funds transferred to a Gnosis multisignature wallet. However, this was followed by 5 months of silence, causing many investors to worry and doubt the project. In response, Charlotte Fang, founder of Remilia Corporation, confirmed that the delay has legitimate reasons and the team is focused on building a project "worthy of the community".

On 09/12/2024, the CULT token was officially launched, marking a new milestone for the MiladyCult ecosystem. With a total supply of 100 billion tokens and over 6,000 wallets holding tokens on the first day, CULT quickly reached a market capitalization of $1.2 billion, before adjusting to around $650 million. According to Charlotte Fang, CULT is not just an ordinary token or memecoin, but a symbol of a revolutionary movement, called a metamemecoin or memeplexcoin, representing a self-organizing trend in the Web3 cultural community.

How Does MiladyCult Work?

MiladyCult operates as a self-sustaining economic ecosystem, using the $CULT token as the center to connect the community, support governance, and promote NFT projects in the Remilia ecosystem.

Main Operating Mechanisms:

• Community Empowerment: $CULT allows holders to participate in governance, vote on proposals, and support community-initiated initiatives.
• Exchange Medium in the Ecosystem: $CULT is used to buy and sell NFTs, trade in the Milady Minecraft Metaverse, and participate in other Remilia activities.
• Participation Incentives: Users are rewarded with $CULT for contributing content, trading NFTs, or participating in community programs.
• Self-Organizing Metamemecoin: $CULT is not an ordinary memecoin but a metamemecoin representing a revolutionary movement and a self-organizing memetic machine.

MiladyCult and Remilia Products

• CULTCOIN ($CULT): The main token of the MiladyCult ecosystem, used for governance, trading, and community incentives.
• Milady Maker: An NFT collection of 10,000 PFPs inspired by chibi anime female characters. It has a Drip Grade system, with an SS-tier floor price of 6.5 ETH. Ranked #6 in NFT floor price.
• Redacted Remilio Babies: A supplementary NFT collection, airdropped with $CULT.
• Milady Minecraft Metaverse: A custom Minecraft server for the Milady community.
• Mixtape, Milady VRtube, Banner NFT, Milady Store: Products ranging from music to VR and physical merchandise – expanding the Milady ecosystem.

Highlights of MiladyCult

• Unique Artistic Style: Inspired by Japanese chibi anime, helping Milady stand out in the NFT space.
• Community Focus: Raised $20.5 million from the community instead of large funds.
• Decentralized Governance: $CULT holders have voting rights and can decide the ecosystem's direction.
• Impressive Valuation: FDV reached $845 million, currently at $640 million.
• Celebrity Support: Elon Musk once supported Milady Maker, creating a big buzz.
• Novel Concept: $CULT is a metamemecoin, a self-organizing cultural propagation machine.

Overview of CULT Token and Tokenomics

Token Data

• Token Name: CULTCOIN
• Ticker: CULT
• Blockchain: Ethereum
• Token Standard: ERC-20
• Token Type: Utility & Governance
• Total Supply: 100,000,000,000 CULT
• Circulating Supply at TGE: 50,000,000,000 CULT (50%)

Token Distribution

1. Community Entry – Limited Pools
   • Fixed sale price (0.25 ETH/wallet/pool), applied to wallets in the snapshot:
     • 500 slots: Any Remilia NFT holder
     • 250 slots: Milady Maker
     • 250 slots: Remilio Baby
2. Holder & Public Sale – Tiered Curve
   • Holder Curve: Price increases by tier, for current Milady or Remilio holders, or wallets in the snapshot.
   • Public Curve: Linear price increase, higher resolution, open to everyone.
   • APE Premium: Wallets owning Bored Ape or Mutant Ape must pay an additional 10% of the public price (can be avoided by selling Ape).

Vesting Schedule

• Cult Fund:
  • 50% unlocked at TGE through Achievements Airdrop
  • 50% distributed seasonally through Manipulation Engine (2024–2027)
• Pre-Sale:
  • 100% unlocked immediately at TGE
• Team (15%):
  • Vesting over 18 months
• Remilia Treasury (20–35%):
  • 6-month cliff, then flexible vesting (expected to be used for ecosystem expansion, liquidity, etc.)

Token Utility

• Community Governance:
  $CULT is a governance token, allowing holders to vote on proposals and guide the Remilia ecosystem.
• Airdrop & Community Rewards:
  NFT holders and Remilia activity participants receive CULT airdrops, encouraging long-term participation.
• Ecosystem Transactions:
  Use $CULT to buy and sell NFTs, participate in Milady Metaverse, merchandise store, and future Remilia dApps.
• Seasonal Distribution:
  Through MANIPULATION ENGINE – helping the ecosystem continuously stimulate attention and rewards.

CULT Token ICO Sale Information

Pre-sale:
Remilia conducted a non-exclusive Pre-Sale, directly selling on social media timeline to create fair opportunities for community participation. This is a non-vesting sale, demonstrating current user confidence, alongside NEETbux rewards received from community interaction.

Pre-sale includes 3 main entry forms:

1. Community Entry (limited):
   • Includes 3 fixed-price pools, specifically for eligible wallets that have been snapshot:
     • Remilia Snapshot: 500 slots
     • Milady Snapshot: 250 slots
     • Remilio Snapshot: 250 slots
   • Each eligible wallet can purchase 1 slot worth 0.25 ETH.
2. Holder Entry:
   • Sale through a quantized curve for Remilia/Milady NFT holders, even if not in the snapshot.
   • Buyers can purchase Milady or Remilio NFTs to qualify.
3. Public Entry:
   • Those not in the whitelist or without Milady NFTs can buy at a 10% higher price.
   • However, buying a Milady NFT afterwards allows participation at the standard fee.
4. Ape Premium:
   • Wallets holding Bored Ape or Mutant Ape will be charged an additional 20% premium compared to the public price.
   • To avoid this fee, users can sell their Ape NFTs.

MiladyCult Airdrop

Remilia Achievements Seed Airdrop:
This is Remilia's special airdrop for NFT owners and individuals who have actively contributed to community building.

Reward distribution mechanism based on three factors:

1. Owning Remilia NFTs:
   • Calculated on a linear scale.
   • Represents approximately 80% of total reward points.
2. Purchasing Remilia merchandise:
   • Calculated on a linear scale.
   • Represents approximately 20% of total points along with achievements.
3. On-chain and Off-chain achievements:
   • Recognized by binary trigger.
   • Achievements are specifically designed to represent loyalty, creativity, and deep understanding of Remilia's lore over the past 3 years.

Note:

• The value of each item, purchase, or achievement will not be disclosed to prevent future farming.
• The design philosophy of this program is rewarding long-term loyalty and value alignment.
• Indicators and criteria will be adjusted for subsequent airdrops.

How to Earn and Own CULT Token

• Airdrop: Hold or trade Remilia NFTs to receive $CULT.
• Purchase on Exchange: After TGE, can be traded on CEX/DEX.
• Participate in Ecosystem: Metaverse, NFT, creative content to receive rewards.

CULT Token Storage Wallets & Exchanges

Storage Wallets

• Soft Wallet: MetaMask, Trust Wallet
• Hardware Wallet: Ledger, Trezor

Exchanges

• DEX: Uniswap, Sushiswap
• Potential CEX: Binance, Bybit (based on scale and FDV)

Roadmap

• 06/2024: CULT Project Announcement
• 07/2024: Completed Pre-Sale of $20.5 Million
• 08/2024: Expected TGE (Delayed)
• 04/2025: $CULT Launch, Peak FDV of $845 Million
• Future: Expansion of NFT, Metaverse, Community, and Governance

MiladyCult Project Team

• Charlotte Fang (CEO): Founder of Remilia, Milady Maker
• Sprite Bonkler: Creative Director & Lead Artist
• Note: Project Previously Faced Internal Issues Such as Embezzlement & Wallet Hacking

MiladyCult Investors and Partners

Investors

• No Major VC
• Raised $20.5 Million Entirely from Community

Partners

• NFT Marketplace: OpenSea
• Game & Metaverse: Minecraft

Projects Similar to MiladyCult

• Pudgy Penguins ($PENGU)
• BAYC
• CryptoPunks

Insights on MiladyCult

MiladyCult ($CULT) is an NFT and metamemecoin project with a strong community, creative, and artistic focus. With an expanding ecosystem including Milady Maker, Redacted Remilio Babies, and Minecraft Metaverse, $CULT offers a unique style among market memecoins.

Despite showing strong development signs (high FDV, loyal community, support from Elon Musk), MiladyCult also faces challenges such as token price decline, internal risks, and NFT market volatility.

However, if the project continues to maintain its development momentum, expand products, and improve governance, MiladyCult could potentially become a long-term icon in the Web3/NFT space.

Summary

MiladyCult ($CULT) is a unique NFT + memecoin ecosystem, positioned as a self-organized cultural movement through metameme tokens. Based on Milady Maker, with a loyal community and revolutionary artistic concept, $CULT brings a new economic model in Web3.

The project has strong growth potential due to brand appeal, but also comes with certain risks. Users should carefully evaluate before investing, especially monitoring price movements, airdrop mechanisms, and upcoming roadmap.