Based whale is the leading memecoin on Base. get based, become a $WHALE 🐋
WHALE is designed to conform to the current meta of memecoins, namely:
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Marketing allocation Memecoins are memes with a quantified hype counter (the price). For a memecoin to be successful, it must be fun. To ALOT of people. In other words, marketing. We will have a provisioned marketing multisig with an allocated 5% of the token supply at launch.
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Buy/sell tax for the first 15 minutes of Launch When a meme coin first launches, there are a legion of dedicated bots that are constantly scanning the chain for potential trade opportunities. In order to discourage these robo legions, we will launch with an initial buy and sell tax of 15% and 30%, respectively, for the first 15 minutes. After that, we will zero out the tax rates. These initial taxes rates will go directly to the marketing multisig mentioned above.
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Liquidity Pools A liquidity pool is a collection of a pair of tokens which makes it possible to trade between the pair. (WHALE/ETH, for example). The point of liquidity pools are:
- Facilitate Trades: Enable trading on a decentralized exchange (DEX).
- Reduce Slippage: Ensure stable prices for large trades.
- Market Stability: Provide constant token supply, reducing volatility.
- Automated Market Making (AMM): Ensure continuous trading and price adjustments.
- Incentivize Participation: Reward liquidity providers, attracting more liquidity.
- Support Token Listings: Easier trading means we get listed on a wallets like coinbase wallet.
- Decentralization: Reduce reliance on centralized exchanges.
- Enable Yield Farming: Allow additional income for liquidity providers.
At launch, this liquidity pool with be locked forever (i.e., "burn the liquidity") so that no one, not even the founding team, can rug the pool reserves.
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Contract owner renounciation Initially, the lead engineer will own the token smart contract. this ensures we have a quick, smooth launch process. This allows us to:
- Zero out the buy/sell tax rates after the first 15 minutes.
- Provision the liquidity pool and burn the liquidity tokens.
After these tasks are completed, we will renounce ownership to the community.
- Capped/max supply: 1 Billion WHALE
- 5% to marketing (Gnosis Safe multisig wallet)
- 5% to an exchange wallet to provision leading exchanges with the coin for listings (Gnosis Safe multisig wallet)
- 5% to another exchange wallet to provision leading exchanges with the coin for listings (Gnosis Safe multisig wallet)
- 85% to a Uniswap liquidity pool (ETH/Based Whale pair)
- Ownership renounced: Initially owned by the Engineering Deployer to provision liquidity and zero out buy and sell tax rates after the first 15 minutes (to discourage bot traders)
- 85% supply provisioned liquidity pool at launch
- The pool can be found here, on Uniswap