Hi guys,
So I’ve been itching to tell someone about my latest adventure in this space. You know how pumpfun rakes in daily revenues in millions of dollars?
How about a pumpfun that splits those rewards among stakers of that platforms token? Yeahhhh? That’s what GFM GO FUND MEME is all about. So imagine all that millions pump fun makes going to actual users of the platform.
It also opens up avenues to customize the tokens with more parameters and incentivizes token creator to actually not dump their tokens.
Pumpfun has become very popular in the past two years with barely any viable competitor. GFMs economics has really come to challenge that. Let’s see how people will react to this in few months time.
The marketcap of $GFM at the time of writing is $42M. ATH of $110M issh. Just about 1 week old. Very early.
Here’s the staking experience.
This dashboard shows current total number of stakers and the amount of SOL that has been shared so far. Interesting isnt it? Also it shows that 28% of all $GFMs are already staked. That’s a lot in such few days.
Imagine what happens to $GFM supply when over 50, 70 or 90% has been staked. Everyone just keeps auto earning SOL as long as memes keep being launched and or traded on GoFundMeme platform instead of PumpFun.
Imagine GoFundMeme platform starts to rake in half the revenue that Pumpfun takes in monthly. May I remind you this is around $1M per day!!!!!! Bro! $GFMs marketcap will not be under $100M for long.
Ofcourse I’ve tried it
You can see that my 1.58k $GFM tokens has earned me some SOL and this is the result of about 3days of staking. You can trust that I didn’t spend more than $100 to get those GFM tokens. So you can imagine if I bought proper quantity like $1k-$10k worth.
I’ll just be laying back and earning SOL, it may look small but what if the price of SOL pumps, I mean, BNB is over $600. SOL is fukn cheap rn.
and whenever the world discovers GFM like Pumpfun and it moons, then I can choose to sell at whatever price I want. It’s a win win.
The only situation where this could backfire is if for some diabolical reason it doesn’t gain adoption or we enter some deadly bear market that no one ever wants to trade memes again
And I don’t really see that happening anytime soon. You feel me?
So imagine the price of GFM goes 100x from here and the price of sol goes 10x, what does that mean? Too good to be true? Y’all know if it’s not bursting my brain I won’t share it.
Now I leave you to think about it. Show me another Utility in crypto that bests this.
The comment section is all yours.
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