There have been scores of new currencies produced amid the meme coin craze that has been going on since late April, but only a few of them have been successful over the long term. Due to its established position in the cryptocurrency industry, substantial fan base, and track record of success, WSM crypto has the opportunity to do just that.
A Comprehensive Guide to WSM Crypto – 2023
The Wall Street Bets subreddit, which played a part in the early 2021 short squeeze for GameStop, served as the inspiration for WSM crypto. Since then, it has amassed up to one million followers on social media, spread over a number of sites like X and Instagram.
Later that year, it introduced the Wall Street Bulls Ethereum NFT collection, which saw total sales of all items in under 30 minutes, saw a trading volume of over $3 million, and now has four related collections. Moreover, the Wall Street Bulls Bitcoin Ordinals NFT collection was just introduced and was a success.
Tokenomics
Several critical performance metrics for $WSM point to the potential for the project to grow quickly once it is listed on exchanges. With a strict supply of only 2 billion tokens, $WSM also has a sizable social media presence, a well-known position in the industry, and an experienced staff.
There is a hard cap of approximately $30 million, and one billion of those, or 50% of the maximum supply, were made accessible to all buyers during the presale with no vesting time. A listing is scheduled for Q4 but could happen sooner given the rate at which tokens are trading now. A further 30% has been set aside for community prizes and 20% for DEX and CEX liquidity.
It is also important to note that the team has not allocated or locked any tokens for themselves. So, there is no danger of a rug pull, and the project’s future is entirely in the community’s hands. As a result, the introduction of the $WSM token will reward devoted users and continue to support the growth of the Wall Street Memes community.
Elon Musk and WSM Crypto Relationship
Although Elon Musk doesn’t actively follow the Wall Street Memes X account, he does follow several users who do, and in the past two months alone, he has interacted with the account numerous times. For instance, he endorsed a meme critical of the Federal Reserve in March.
Then in April, he responded to an old video referencing Jim Cramer with a laughing emoji.
However, it is certainly hard to say for sure whether Musk, the richest man in the world and a well-known supporter of cryptocurrencies, has invested in $WSM.
Roadmap
The WSM crypto roadmap consists of three phases.
- Phase 1 – Foundation
Development of Smart Contracts
Creating secure and audited smart contracts for WSM tokens to ensure transparency and trust.
Community Development
Getting ready for the hype train with a vibrant and active WSM community on Telegram, Discord, and X.
Branding and Marketing
Launching a thorough marketing campaign to promote Wall Street Memes.
Products and Swag
Wearing branded swag and stuff to rock the WSM look. Showing off your love for Wall Street Memes.
- Phase 2 – Launch
Token Release
Launching the Wall Street Memes (WSM) token.
Partnerships
Working together with content outlets, influencers, and meme producers.
Listings of Tokens
Launching the widely used DEXs with a lot of liquidity and accessibility for the $WSM token.
Listings on Exchanges
Listing on reputable CEXs will boost the ante in the trading competition.
Publicity Campaigns
Mainstreaming the Wall Street Memes revolution.
- Phase 3 – Community Empowerment
Gated Community
Unlocking special advantages in the WSM-guarded community.
Market Cap Target
Aiming high and striving for a market capitalization of $1 billion.
CEX Tier 1 Listings
Becoming listed on prestigious CEXs.
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