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For several months, Wall Street Memes has been raising capital in pre-sales with the memecoin WSM and is now one of the largest pre-sales of the current year. In about a month, the initial stock exchange listing and the start of public trading will take place.
Over $25 million has already been poured into the community-centric memecoin, which aims to bring the spirit of WallStreetBets to the digital currency market. At first glance, the concept seems fundamentally suitable for creating viral demand and anchoring oneself in the memecoin market segment. This is exactly the claim of the team behind WSM.
As such, the team provides the following goals for phase 3 of the roadmap:
market cap target: Aim high, aim for a $1 billion market cap. Let’s show the world the true power of Wall Street memes! CEX Tier 1 listings: Get listed on the major CEXs. Increase liquidity, accessibility and reach for all Wall Street Memes warriors!
Wall Street Memes: Made for the Crypto Market
Wall Street Bets (WSB) is an online community that originated in the subreddit of the same name. WSB’s vision was to provide a platform for investors to exchange information and opinions on stocks and other financial products. The community has made a name for itself through its ability to take concerted action on specific stocks, demonstrating the power of the collective community. This ability has given the community viral potential and made it well known in the financial world. Wall Street Memes builds on this concept and has built up a community of over a million followers over the past few years.
The concept seems made for memecoins, as both are powered by a strong, engaged online community. The viral properties and collective influence fit perfectly with the dynamics of memecoins, where social media and viral trends play a crucial role.
WSM relies on a new feature: memecoin with staking
Stake-to-earn is a concept in the crypto market where users lock their cryptocurrencies in a special contract in exchange for rewards (often in the form of additional tokens). This can have a positive impact on the cryptocurrency price, as staking reduces the available supply of tokens in the market, leading to some scarcity.
At the same time, demand for the tokens is increasing as investors are drawn to the attractive rewards and passive income from staking. This combination of increasing demand and decreasing supply can cause the price of the cryptocurrency to rise.
A few days ago, the team already activated the WSM staking function, into which 175 million WSM coins have already been deposited. This puts the estimated yield at 114% APY, although this is likely to fall as demand increases.
With memecoins, community focus and a fair presale are particularly important, as these projects often rely heavily on community support and engagement. A fair presale can increase investor confidence and help prevent the project from being perceived as a rug-pull, where developers abruptly abandon the project and abandon investors. Through transparency and fairness, memecoin projects can build a loyal and engaged community that contributes to long-term success.
However, this danger does not exist with Wall Street memes. Because the WSM Coin is aimed at the community, so that 50% of all tokens are already sold in the presale. 20% is intended as exchange liquidity while 30% is reserved for community rewards – staking & airdrops. This rules out a rug pull. Incidentally, despite the community focus, crypto whales have also participated in WSM. For example, on-chain data here shows accumulations of a single whale from WSM for over $1 million.
CEX listings in a month: WSM starts public trading
The public start of trading after a presale enables free pricing of the token for the first time, based on supply and demand. The market participants determine the value of the memecoin through their buying and selling decisions.
The Wall Street Memes website is now counting down to Tier 1 listings in the background. Apparently, the team was able to win well-known partners directly to increase accessibility to WSM. Wall Street Memes is aggressively promoting several Tier 1 exchanges that will include the memecoin in their offerings.
Of course, this is no guarantee that prices will rise. Still, Wall Street Memes and the team seem to be laying the groundwork to remain successful even after the public launch in about a month.
Here for the Wall Street Memes Presale
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