I. Project introduction
WHY (whyanelephant) is an innovative Meme token based on Binance Smart Chain (BSC). The project uses elephants as symbols of strength, wisdom, and unity. WHY's goal is to promote the popularity and application of
cryptocurrency in a fun and community-driven way. With its unique brand perception and strong community support, the project has recently gained increasing popularity in the
market.
The WHY project is not just a simple Meme token, it also receives 200,000 USD liquidity support from
BNBChain. BNBChain's support has given WHY good liquidity and market recognition in the early stages.
Narrative Description
WHY uses elephants as its iconic image, not only because of their size and strength, but also because they symbolize an unwavering power. The project team created a brand full of storytelling and appeal through a deep understanding of the elephant image. Elephants not only have extraordinary power in the physical world, but also represent a symbol of stability and trust in the world of cryptocurrency.
On WHY's official website, we see a lively and energetic cartoon elephant image leading the WHY project forward in the world of cryptocurrency. The founding team of WHY describes the elephant as a symbol of "bipolar disorder". This elephant can multiply 100 times in the market every time from 2019 to 2024, but always dreams of treating every Meme coin as an unattainable peanut. Every night, this elephant becomes a Meme killer in dreams, smashing those "nuts", while during the day, it is a ballet elephant, completely forgetting those bloody dreams.
III. Market value expectations
Previously, media reported that BNBChain invested $1 million to support Meme coin innovation to accelerate innovation in its ecosystem. In the second phase of the event, the "Meme Heroes" support program, BNBChain will invest funds to support the BNB ecosystem meme project, add a liquidity pool (LP), and further develop and develop promising Meme projects.
WHY is the first recipient of Meme Heroes LP support. BNBChain provides WHY with $200,000 of BNB liquidity, which accounts for one-fifth of the total plan. This represents that BNB Chain is very optimistic about the prospects of WHY.
Moreover, as a Meme project, the flow pool has been locked 15 million US dollars, and the heat is high in the Bsc chain. Superimposed with official investment, the current circulation market value is just over 100 million US dollars, which is expected by the top, and compared with the previous chain leader Meme, WHY has strong strength and may reach more than 1 billion US dollars. It is not ruled out that it will become a phenomenon-level Meme such as Shib/Pepe in the future.
IV. Economic models and on-chain chip analysis
WHY's economic model design is highly transparent and fair. The total supply of the project is 420,000,000,000,000 tokens, and the distribution of all tokens is clearly displayed on the official website.
-50% for pre-sale: This part of the token was distributed through pre-sale in the early stage of the project, attracting a large number of early investors.
-40% for liquidity: This part of the token is used to provide liquidity and ensure smooth market trading of the token.
-10% owned by Yi He and CZ
According to the latest data from AveAI, the market performance of WHY token is very active. As of now, WHY has had a trading volume of millions of dollars for several consecutive days. The number of addresses held on the chain has reached 19,219, and the number of transactions within 24 hours has exceeded 1,000, indicating active market trading.
Currently, the circulating market value of WHY is 132 million USD, while the on-chain liquidity pool has locked 12,800 WBNB, equivalent to 15 million USD, once again indicating that the project liquidity and market recognition are at a high level.
In addition, the trading mechanism of WHY token is designed with a v3 transaction fee permanent lock-up function. Each transaction will automatically destroy some tokens, and WHY token has been in a deflationary state. This design not only helps to reduce the token supply in the market and increase the scarcity of tokens, but also guarantees the long-term returns of holders.
V. Risk Warning
1. The MEME project depends on the community active level. If the participation decreases, the project may be affected
2. As a MEME token, WHY may be affected by market sentiment and speculation, and there is a high risk of volatility.
VI. Official links
