At this stage, the growth point of the encryption market mainly comes from the meme market. For example, in August this year, Tron stood out from the market fluctuations. It benefited from seizing the Meme craze (the launch of SunPump, etc.), which triggered a surge in on-chain activities, significantly increased user participation, and achieved both token price and market value. On the growing chain, TRON’s price increased by 23.1%, and its market value increased by 22.7%.
On the other hand, some leading CEX platforms are looking for new growth points in the meme market amid the overall market downturn and lack of narratives. For example, Binance Launchpool recently launched the MEME coin $CATI, and also launched several MEME coins such as NEIRO, TURBO and BabyDogeCoin. Mainstream CEXs including OK, Bybit, Gate and others have also frequently launched MEME coins recently, which shows that investing in memes is the best choice and the best time.
In fact, when it comes to choosing meme coins, we should focus on those with low market capitalization, great growth potential, not yet listed on major exchanges, and with a strong community base. Such meme tokens are often on the eve of an explosion and are expected to become wealth amplifiers that bring us hundreds or thousands of times the return.
PUFF is one of the typical representatives with the above characteristics. At present, its market value is relatively low (only about 30 million US dollars), the main network has just been launched and is in the process of full chain expansion and circulation. It has not yet been launched by some large exchanges and is only led by the community. It is known as the son of Mantle ecology and has gathered the consensus of a strong community. Therefore, PUFF, which is still in its early stages and on the eve of an explosion, really deserves high attention.
PUFF’s launch on the mainnet is the prelude to its “wild growth”
As the leading meme project in the Mantle ecosystem, PUFF has a huge community user base and consensus support. PUFF's ambition is not limited to the Mantle ecosystem, but to become the leading meme ecosystem in the crypto market that can compete with all the leading meme projects.
To achieve this goal, PUFF official X announced on September 13 that by upgrading to LayerZero's OFT (Omnichain Fungible Token) protocol, PUFF fully realizes cross-chain interoperability and starts a full-chain adventure. Liquidity pools have been deployed on the Ethereum mainnet, and users can trade PUFF directly on Uniswap and 1inch without complicated cross-chain processes!
The upgrade of PUFF means, on the one hand, that it can capture users, funds, and liquidity from the entire chain market, quickly accumulate consensus in more ecosystems through better accessibility, and continuously replicate its successful development strategy in the Mantle ecosystem in other ecosystems;
On the other hand, through integration with different on-chain ecosystems, PUFF is expected to closely integrate various ecological applications and create richer and innovative application scenarios. This strategy will not only promote PUFF to effectively capture market demand and achieve a deflationary effect, but will also significantly enhance the value capacity of the PUFF ecosystem and the value attributes of the token itself.
Therefore, the launch of PUFF's mainnet and the launch of the full-chain plan are undoubtedly a milestone event, which brings more participation opportunities and innovation potential to the PUFF community, and lays a solid foundation for PUFF's ecological expansion and value discovery. At the same time, this is also a positive and clear signal: PUFF is entering a new stage of "wild growth" and accelerating its process of becoming the leading meme in the crypto market.
The profound heritage of PUFF ecosystem
As an innovative Memecoin rooted in the Mantle chain, PUFF combines Restaking, DeFi, GameFi and other elements to build a meme project that is both comprehensive and innovative, and has significant community influence. Its ecological and community cultural connotations are rich and profound, injecting unique vitality and charm into the entire project.
Creation Period
As early as March 2024, PUFF raised 5520 mETH in the Genesis Mint stage, and eventually oversubscribed and raised nearly 8000 mETH. It can be seen that PUFF has a very strong ability to attract money in the initial stage of ecological development, but PUFF returned all the oversubscribed part to users in proportion!Calculated at the value at the time, PUFF raised approximately US$20 million and deployed a liquidity pool worth US$10 million directly after the end to prepare for the long-term development of the ecosystem.
It is worth mentioning that in the Genesis Mint phase, PUFF was carried out on both the Ethereum mainnet and Mantle, but the issuance of tokens was all carried out on Mantle. At that time, many users did not have Mantle gas. PUFF officials directly airdropped 10 MNT as gas to each participating wallet, which was nearly $90,000 worth of gas at the time.This is enough to prove the pattern of the PUFF project itself and its purpose of focusing on community users.
Token Allocation
From the distribution of tokens, the total amount of PUFF is 888 million [deflation has been enabled, please read below for details]. Genesis Mint released 26% of the total amount, and another 15% was used to add liquidity. mETH holders received 4% of the PUFF airdrop share, and another 34% was used for airdrops after Genesis Mint. Therefore, the PUFF token itself is decentralized and circulated with basically no centralized chips, which provides a foundation for the subsequent good development of the PUFF ecosystem.
In addition to the Genesis Mint, 34% of the airdrop share will be distributed to PUFF holders through 5 chapters! Each chapter requires staking PUFF to Methlabs, and you will get staking rewards after the staking is completed! At present, all chapters have been completed, and the final battle is coming soon!
There are also two very creative original games in the middle: Goldiocks Bag and Guess the Market Value Ranking, which help users sort out their investment ideas while bringing fun and more benefits to users!
And in mid-August, PUFF launched the Dragons NFT series, with a total of 8,888 NFTs, including 301 Legend NFTs and 8,587 Classic NFTs, which need to be minted using PUFF.
It is not difficult to find that the PUFF token airdrop round is mainly allocated to real participants and builders. These users will be more inclined to pledge and adopt PUFF tokens, which will greatly reduce the market circulation of PUFF. At the same time, the application scenarios of PUFF tokens are constantly emerging. The Dragons NFT series launched by PUFF is just the beginning. More application scenarios using PUFF tokens will be launched in the future.
In addition, PUFF and Bybit Web3 wallet recently cooperated to hold an event and airdropped 1 million PUFF as an event reward. This may be a signal that PUFF will soon be listed on the Bybit exchange. Combined with the positive news of the mainnet launch mentioned above, the PUFF token may really usher in an explosion soon.
Old OG's recognition of PUFF
At present, more and more people have confidence in holding PUFF and have joined the PUFF token pledge army. After all, the early holders of PUFF are influential big Vs and old OGs in the currency circle, and even some crypto funds also hold PUFF. Among them, Twitter Degen trader DCF GOD bought $1.5 million of PUFF at market price in June, which is enough to show the industry's recognition of it. The holdings of OGs and well-known traders have brought confidence to community users, retail investors and other roles in the long run.
Overall, the PUFF ecosystem has always stood with users and the community, and after a period of development, it has formed its own cultural heritage and community consensus. These are the most important value foundations for the long-term development of the PUFF ecosystem and have become the source of the ecosystem's ability to capture value in the long term.
Mantle's ecological favorite, PUFF is loved by everyone
In fact, Mantle has a great background. In 2023, Mantle merged with BitDAO, the world's largest DAO organization, to establish a DAO-led Web3 ecosystem, namely the Mantle ecosystem, which includes Mantle, a high-performance modular L2 blockchain built on Ethereum.
The Mantle ecosystem inherited a large amount of funds from BitDAO, receiving nearly $300 million in USDC/USDT and approximately 270,000 ETH, with the total value of BitDAO's funds exceeding $2.5 billion.
However, from the perspective of the Mantle chain, it was relatively late to the market and did not catch up with the previous rounds of meme waves. In the meme wave, the ecosystem has always had a weak voice. On the other hand, in addition to the BitDAO halo blessing, Mantle itself has a strong community behind it, but after the ecosystem is launched into the market, it urgently needs its own meme culture to make the community more cohesive.
After PUFF was launched on Mantle in the form of a meme, it became the earliest and most authentic representative project of meme culture on the Mantle chain, and was sought after by various players on Mantle. Therefore, Mantle, which lacks meme culture, provides a fertile ground for the development of PUFF. The explosion of PUFF is actually the result of the mutual selection of Mantle chain and PUFF. Everyone hopes to achieve the "revival" of meme culture through PUFF.
From this perspective, the reason why PUFF was able to raise tens of millions of funds in Genesis Mint is closely related to Mantle officials.
PUFF founder Jordi is the COO of Mantle, and Mantle has also expressed its support for PUFF many times. It also airdropped 6% of its LSP new governance token COOK to PUFF holders. PUFF holders can now use PUFF as MethLab's mETH collateral without worrying about liquidation, which is a first in Web3 and the greatest recognition of PUFF's potential!
When PUFF created Mint, it used Mantle's LST token mETH and gave mETH holders a Genesis airdrop. The added liquidity and mETH form a trading pair, and staking mETH can also participate in PUFF's airdrop activities, with the same distribution ratio as PUFF holders. PUFF has made an indelible contribution to the improvement of mETH's practicality, effectively improving the activity of the Mantle ecosystem and giving back to mETH holders to the greatest extent.
Therefore, PUFF and Mantle are heading in two directions. Mantle has poured all its ecological resources, community consensus, attention, and value into PUFF, making it a meme unicorn on Mantle.
PUFF holders airdrop, an early opportunity not to be missed
In fact, PUFF ecosystem users are continuously capturing the development dividends of the ecosystem. In addition to the PUFF airdrop that has been completed initially, Mantle LSP, the core protocol of the Mantle ecosystem, will also distribute 5% of the token COOK to PUFF token holders and 1% to PUFF NFT holders. The Mantle ecosystem currently has more than 500,000 ETH pledged in Mantle LSP, with a TVL of over 1.2 billion US dollars, ranking top five in the entire liquidity pledge track. The total amount of its token COOK is 5 billion, of which 1.5 billion is used for airdrops.
PUFF holders will receive an airdrop of 5% of COOK tokens (a total of 250 million COOKs) and will be used for the final battle of PUFF. If PUFF holders want to get COOK airdrops, they need to keep burning PUFF. When the game starts, holders must make a choice. The faster they choose, the higher the multiplier they get. Users can freely choose to continue holding or burning according to their own judgment.
In addition, Puff Dragons NFT holders are allocated 1% of COOK, 50,000 COOK for each Legend NFT and 4,070 COOK for each Classic NFT.
So what does a potential airdrop portend?
Users must hold PUFF for a long time
Users need to keep burning PUFF
From the perspective of airdrops alone, the long-term development trend of PUFF tokens must be a large amount of pledges and a continuous reduction in the circulating market. Therefore, PUFF tokens will definitely rise with the deflation brought about by these demands and burning, and continue to bring confidence to holders, investors, and players.
Deflation plan: PUFF enters the extreme deflation stage, forming an important driving force for the value spiral
In addition to the PUFF that needs to be burned to get the COOK airdrop during the final battle mentioned above, PUFF also announced other new deflation plans in August, namely
PUFF, which accounts for 33% of the total amount in the treasury, is directly and permanently locked
It is estimated that about 50 million unclaimed PUFF rewards will be burned
6 million PUFF consumed by Mint NFT are directly burned
The total supply of PUFF is 888 million, of which about 33% (290 million) have been permanently locked, and there are about 56 million PUFFs that are unclaimed and minted NFTs are burned. Assuming that 200 million PUFFs are destroyed in the final battle, the final circulation may drop to 342 million, accounting for only 38% of the total planned amount.
As tokens are destroyed and the total amount is reduced, the scarcity of PUFF becomes increasingly prominent, and the value of each token continues to increase. Assuming the market value remains unchanged, the PUFF token is expected to achieve a nearly 3-fold increase in the short term.
However, the final battle has not yet arrived, the destruction amount is only a hypothesis, and the future trend is still full of uncertainty. With the launch of the PUFF mainnet, the launch of the ecological application series, and the construction of the full-chain system, a lot of value is being continuously injected into the PUFF ecosystem. Combined with its innovative ecology, cross-chain liquidity, and the support of the Mantle ecosystem, PUFF has great potential for future development.
Currently, PUFF has a market cap of approximately $30 million. From a narrative and ecosystem perspective, PUFF is in no way inferior to most meme tokens on the market. In this round of market cycles, the market caps of top meme tokens such as PEPE, FLOKI, and BOME have reached hundreds of millions or even billions of dollars. Therefore, we expect that with the gradual implementation of the PUFF series of plans, the market cap is expected to reach hundreds of millions or even billions of dollars, so that PUFF tokens still have the potential to increase in value by a hundred times without deflation.
Then, when the double buffs of extreme deflation + continuous external value capture and external market development expectations are superimposed, the PUFF token is realizing value concentration under the joint action of two dimensions, and the increase of PUFF token is expected to be hundreds or even thousands of times.
Summarize
All signs indicate that PUFF is on the eve of an explosion:
The launch of PUFF’s deflation plan, which significantly reduces market circulation through permanent locking of 33% of the treasury tokens, unclaimed reward burning, and NFT Mint consumption. In addition, in "Endgame", users need to burn PUFF to obtain COOK airdrop shares, further promoting deflation and increasing the value of tokens.
PUFF expands in terms of capturing liquidity and users across the entire chain, namely, achieving cross-chain interoperability through LayerZero's OFT protocol. In the future, liquidity will be added to more blockchains, and users can trade freely between mainstream chains such as Ethereum. Full-chain liquidity not only makes PUFF more accessible, but also brings more opportunities for market expansion.
Continuing to consolidate the original ecology, that is, the support of Mantle ecology and Bybit also provides strong backing for PUFF.
With PUFF's deflationary effect, full-chain liquidity, deep integration with the Mantle ecosystem, and the possible listing on Bybit, PUFF has been endowed with strong explosive potential and long-term value. As a meme project recognized by the market, its expected increase is expected to be hundreds to thousands of times.
So is now the best time to enter PUFF?
We can see that due to the influence of the overall market, although PUFF has rebounded recently, its price is still lower than the cost of Genesis Mint and its market value is not high. Now is indeed the best time to enter the market!
