Bitget Welcomes Wall Street Baby (WSB) to its Innovation and Meme Zone
Embracing the Memecoin Madness: Introducing Wall Street Baby (WSB), the Official Unofficial Token of r/wallstreetbets
The Rise of a Memecoin for WallStreetBets
The community at r/wallstreetbets has become well-known in the volatile and unpredictable realm of internet trading for being distinctive, degenerate, and highly dedicated. They succeeded in raising the market cap of a failing retail company from the 1990s to $30 billion. The season for memecoin has only just begun, despite the fact that the memestock season may have concluded.
Here's Wall Street Baby (WSB), the r/wallstreetbets subreddit's official unofficial memecoin. This fair launch token only includes a free airdrop and some coins for the community; there is no team allocation or presale. We can only hope that the r/wallstreetbets sub will make prudent use of the 10% of the WSB supply earmarked as a treasury and not waste it on gambling or other crazy activities.
The subreddit's current moderators will receive an additional 5%, who work tirelessly to maintain a semblance of order amidst the chaos. These heroes ensure that the sub doesn't devolve into a mess of explicit content and offensive language.
A Fair Launch for the Community
The supply distribution of WSB is as follows:
DEX Liquidity Pools: 41,652,000,000 (60%)
Airdrop: 13,884,000,000 (20%)
Reserved for WSB Community: 10,413,000,000 (15%)
CEX Listings: 3,471,000,000 (5%)
Total Supply: 69,420,000,000 (100%)
Airdrop Claim Details
A free airdrop is available to anyone who replied to a specific tweet with their ETH address. Unclaimed airdrop tokens can be withdrawn to the WSB Community multisig after 90 days.
Airdrop Size per Eligible Wallet: 46,747,474
Airdrop Eligible Wallets: 297
Total Airdrop Size: 13,884,000,000
Airdrop Claim Starts: 5/1/2023, 8:00:00 PM
Airdrop Claim Ends: 8/1/2023, 8:00:00 PM
Technical Details
The WSB contract is an ordinary ERC-20 token that, with a few minor modifications, derives from the OpenZeppelin token contracts. The source code has been verified on Etherscan and is available for public review. The contract is no longer owned, making it incapable of being changed or having owner-only functions called.
The mint feature is not accessible from the outside. An airdrop allocation, which is issued directly to the wallet claiming the airdrop, can instead be claimed by qualifying wallets. The allocations for the CEX wallet, DEX wallet, and WSB community wallet were minted directly to the specified addresses at the time the contract was created.
The WSB Moderators' allocation has already been minted by and to zjz.eth. After the airdrop period ends, any remaining unminted tokens from the airdrop allocation can be minted to the WSB Community Wallet. No new tokens can be created after that.
As the meme coin season takes off, the WSB token stands as a testament to the power and influence of the r/wallstreetbets community. With a fair launch and a unique flair.
Consider investing in Wall Street Baby (WSB)? It only takes 2 minutes to create an account on Bitget and start trading WSB!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
