Hello everyone! Just wanted to let everyone know there’s a new meme coin onchain!
The ticker is $MONA and it’s a sock puppet made out of everyone’s beloved harmony socks
It’s a ERC20 token with a verified + audited contract.
CA-0x33cF332B80A0236D0A75B986b5501D387F5dE169
-1,000,000,000,000 total supply
-200,000,000,000 available for presale that will be through Joskins, announcement soon.
-400,000,000,000 will be lp’d on swap.harmony.one
-80,000,000,000 to fund a DAO for community outreach and marketing campaigns
-80,000,000,000 for future CEX lp
-220,000,000,000 being airdropped to $ONE community
-19,000,000,000 validator rewards
-1,000,000,000 to founder
What does everyone think? I’ll keep you posted on the updates, should be announcing the presale today!
Follow Mona on X x.com
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Presale announcement
The presale is going to be on Joskins https://joskins.com/launchpad-beta/
Starting July 16, 2024
(Less than a week away)
Minimum is 100 ONE
Maximum is 10K ONE
Rate will be 100,000 MONA per 1 ONE
(When liquidity is added to dex the starting price will be twice as much as presale)
Anyone that gets 10K ONE worth of MONA will get an additional airdrop of MONA tbd depending on how much MONA is left from the presale.
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Tokenomics have been updated before the presale, to try and maximize the longevity of the project. 95% of the airdrop will be time based going to early supporters. More like the optimism model.
Please provide any feedback you might have.
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Hi $ONE Fam
Please read entirely and always DYOR
The Presale starts in just over an hour here👇
joskins.com/launchpad-beta/
I realized that my figures was off after getting feedback from the community. I don’t have the ONE to add to liquidity, All the ONE for the pair is being raised in the presale. Unfortunately the future of the project depends on how well the presale goes. Each holder gets to help shape the future of MONA through governance.
At the current rate of 1 ONE per 100,000 $MONA puts Mona’s market cap at $140K. At most we can raise 1,900,000 ONE from the presale at a value of $26,600. Liquidity really needs to be as close to 50% as possible. In order to make Mona worth twice as much after the presale the market cap would be twice as much! This is the issue. The pair gets created MONA paired with ONE. I can put half the supply of MONA in there and people would be able to buy it adding ONE to the pair, but without putting enough liquidity in there of ONE from the beginning you won’t he able to sell without high slippage.
Solution
-
I will burn half of the supply before the presale starts, making the total supply 500,000,000,000. This will make the market cap $70K, much easier to provide enough ONE for liquidity.
-
Adjust the tokenomics to:
250,000,000,000 LP’d
25,000,000,000 For DAO
25,000,000,000 Airdrop
200,000,000,000 available for presale. All ONE raised goes to liquidity.
- Unfortunately this means that the price won’t be able to start any higher than the presale price. Anyone that does participate in the presale will be considered an early supporter and automatically eligible for the future airdrop, along with MONA pre elected delegators. They will also be helping to really get this project going and adding liquidity to @harmonyprotocol
I want to say how sorry I am for not having it all figured out in the beginning. This has definitely been a learning process. I know about operating nodes and DAO’s, this is my first token launch. I just wanted to try my best to get the meme train rolling on $ONE. Luckily it’s before presale still!
I want to throw a big shoutout to my entire $ONE Fam in helping to figure it all out
I’m very excited for the future of this project and can’t wait to get the DAO structured, starting with a charter that holders will vote on.
MONA DAO will have a path to self sustainability and clear mandates
- Development
- Marketing
- Participation
$MONA still has the opportunity to be deflationary once Mona validator gets elected and passes the 100 epochs of no commission. Once Mona starts getting commission, it’ll go towards buy back and burns
Mona’s mission is to make @harmonyprotocol community fun again
Half the supply has been burned
Hash# 0x2801f2fb2b3ace9647cddffcface575b341e2202a94665bc406aa3a98e1ddfb0
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