New Sh!t for Crypto Addicts — METH.
Introducing ETH Monsta (Ticker: METH): A highly addictive meme token in disguise — will go live on Friday, July 28 on UniSwap.
We are thrilled to announce the upcoming launch of our rebranded token, ETH Monsta (METH), which is set to revolutionize reward utility on Ethereum. As a dedicated team, we have been working tirelessly to develop a token that challenges the status quo and offers a sustainable and decentralized investment and asset management platform!
You might be wondering, why the ticker “METH”? Well, it’s no coincidence. While ETH Monsta might appear to be a meme coin on the surface, we have packed it with addicting utilities that go beyond simple trends. We believe in the power of memes to drive engagement and attract attention, but we also know that real value lies beneath the surface.
Our Core Concept:
At the core of our project is a carefully designed sell tax mechanism. We are not like any of those tax reflection or seigniorage projects that have faced sustainability challenges in the past. Instead, we have devised a unique approach that addresses these issues head-on.
A portion of the sell tax will be used to buy back our native METH tokens from the open market. These tokens will then be utilized strategically, rewarding our most active and loyal community members or being burned to reduce the token’s supply. This mechanism ensures increased trading volume, strengthens the token’s intrinsic value, and fosters a motivated community that actively participates in marketing and brand visibility efforts.
The Beauty of Our Reward Generation:
One of the key features that sets us apart is our reward-generation approach. Unlike other projects, we pre-purchase rewards from the circulating supply on the open market. This allows us to control and distribute rewards over time, preventing sudden market fluctuations caused by overwhelming reward emissions.
Even if users decide to sell their earned rewards, because of the preceding buyback we have taken measures to ensure that the token price remains stable. This helps us avoid potential downturns or mass sell-offs that could lead to a dreaded death spiral. Our commitment to stability and sustainability is at the heart of everything we do.
Yield-Bearing Multi-Asset Vault:
Another vital aspect of METH’s ecosystem will be the utilization of a yield-bearing multi-asset vault.
Here is the concept in a nutshell:
This vault consists of two distinct segments: a short-term vault (STV) with 90-day cycles, and a long-term vault (LTV) with 360-day cycles.
The STV will hold carefully chosen third-party tokens with high growth potential, as decided by the community. The resulting value of these tokens at the end of the STV cycle will determine the total yield distributed across various areas of the ecosystem, such as NFT+METH holders, buybacks, volume and marketing boosting competitions, project treasury, and the LTV.
Extreme rare, high-class art utility NFT collections will be seamlessly integrated into each short-term cycle. These NFTs will determine vault yield shares for users and collect protocol fees to support vault asset accrual and buyback power.
By the way: If any of you want to call it Degen Vault instead of short-term Vault, you may go ahead. 🤘🏼
The development will start soon after launch. In the meantime, we are planning to collect a kick-off reserve for vault launch day!
Effective Risk Management:
Our commitment to sustainability extends to our risk-management strategies as well. After a STV cycle concludes, we will carefully convert a portion of the yielded assets into secure assets like ETH and DAI, which will be stored in the LTV. These assets can then be strategically utilized to generate additional yield throughout a cycle of 360 days (including 4 STV cycles), securing a stable and thriving future for our dedicated community.
In Conclusion:
ETH Monsta (METH) is more than just a meme token; it’s the evolution of community-based reward tokens and single user focuses yield farms. As a team, we are determined to redefine sustainability in the crypto market, offering a robust and decentralized investment platform that truly benefits people and the crypto movement itself. With innovative mechanisms, strategic planning, and unwavering dedication, we are excited to unleash ETH Monsta on UniSwap and set a new standard.
Join us on this thrilling journey, and together, let’s pave the way for a brighter future in the world of digital assets.
Here you can find our first Twitter (X) thread!
https://twitter.com/Monsta_ETH/status/1683945158402887684
Please stay tuned for more in-depth information!
