The memecoin craze started in mid-April, and it has been more than a month now. Even though the "meme season" is gradually calming down, when the end comes, the new project model also has many special ingenuities. As for the newly launched meme coin $ LOVE today (30th), what’s so special about it?
What is meme coin $LOVE?
The meme coin $LOVE was issued by crypto KOL @M4573RCH , who once posted on May 20th:
No pre-sale, no public sale, no "fair launch"
To qualify for a portion of the starting supply, send a txn of 0 ETH to: 0x2b82C78AE3c973c1Ce39D63b5d63c6CB8DB199EA
Do not send any funds, only 0 ETH transactions are eligible.
In other words, if you transfer 0 ETH to the address announced by @M4573RCH between transaction blocks 17298200 and 17336487, you are eligible to receive the AirDrop. It is estimated that each address can receive 1,000 $LOVEgeneration Coins, the collection period is one week. Click here Love.game to claim the AirDrop
It should be noted that this is different from the "direct money pre-order" model adopted by ETH . $LOVE will only be AirDrop to the address that sends the "0 ETH" transaction, which means that users only need to spend Gas costs.
Further reading: ETH invented the "memecoin pre-sale" to the address to let Leek remit money, misappropriating more than 3,700 ETH
A new way to play "Send the love"
Interestingly, in addition to the novel distribution model, the trading mechanism of $LOVE is also quite innovative.
According to the Whitepaper on the official website, anyone can buy/sell $LOVE tokens, but must own at least one $LOVE tokens to interact . In other words, if users without AirDrop qualifications want to purchase tokens, they can only rely on existing holders to "pass on the love."
On the $LOVE official website and Uniswap, investors can form their own LP Liquidity pools to earn tokens. However, it should be noted that although the official website pledge has an amazing annualized rate, a 10% tax must be withheld.
How hot is $LOVE?
Just after $LOVE was launched, there have been more than 1.6 million searches, becoming the number one keyword list. In addition, $LOVE's official Twitter has more than 14,000 followers.
If you observe the data on the chain, you can also find that the amount of ETH burned by the $LOVE token surpassed Uniswap this morning, becoming the first in the entire Ethereum.
According to Uniswap data, currently each address eligible for the AirDrop can be exchanged for approximately 0.046 ETH(approximately US$83), and $LOVE is currently quoted at US$0.088.
The dynamic zone reminds meme coins to fluctuate greatly, please be careful about DYOR before investing.
