Today, the market is bleak, but there is a coin that may become the focus of everyone's discussion because of its wealth effect.
What is FOXY?
FOXY is the "MEME" coin on the Linea chain, and its Chinese name is Fox Coin.
The project said it is trying to build a culture in the Linea chain ecosystem by combining MEME and the community.
In a word, the main focus of this project is Linea. At a time when Linea lacks phenomenal MEME coins, it has taken a strong position and built itself into the first strong MEME on the Linea chain.
In Solana, at a time when MEME on the Base chain is growing rapidly and driving a surge in various data such as TVL and number of users of the entire chain, FOXY can be said to have come at the right time.
Of course, FOXY claims that it has no connection with MetaMask or Consensys.
What is the FOXY token economy like?
The total amount of FOXY tokens is 10 billion.
The token distribution is as follows:
Community airdrop (MetaMask/Linea): 25%
Seed round: 15%
Team and support: 13%
Market Maker/CEX Liquidity: 10%
Future listing on CEX: 10%
Consultant: 6%
Ministry of Finance: 6%
Ecosystem partner rewards: 5%
Project and fund OTC: 5%
DEX liquidity: 5%
The Foxcoin team officially stated that it plans to conduct several airdrops in the future. However, the core of the initial airdrop is the 100,000 MetaMask swap interactive users with the most exchanges.
The first round of airdrops will be on the 12th, and the above wallets will receive 5% of the total tokens. Currently, judging from the community’s response, one qualified address has 5,000 tokens.
To check the airdrop, go to https://pro.whales.market/pre/Linea/FOXY and click in the red box in the above picture to check if you are eligible.
In addition, the project cooperated with OKX to hold an event on Intract, and the first 20,000 users who completed all tasks will also receive 1% of the total token airdrop.
How to trade this token?
Fox officially stated that the starting price of its token is $0.0005, and based on the total amount of 10 billion, it means the initial fully diluted market value is $5 million. Based on the release of its tokens, the initial circulating market value is about 1.5 million.
This design means that the token is likely to rise rapidly after it is listed on the exchange.
Currently, the official DEX trading platform is Lynex.fi. In addition, OKX, Bybit, Gate, Kucoin, etc. have announced that they will launch the token.
https://pro.whales.market/pre/Linea/FOXY
Can FOXY be played?
FOXY is called "fake MEME coin, real public chain coin" by many Chinese KOLs, which roughly means that the token is issued by Consensys, the company behind Fox Wallet and Linea Chain. Although it is MEME, it has strong background support.
This speculation may be based on two clues. One is that FOXY is a little-known cryptocurrency, and then FOXY is strongly bound to the Metamask wallet and the Liean public chain. The other is that it is unknown, but it directly organizes activities with OKX, and then directly lists on OKX and other major exchanges.
"With this start, MEME is nothing." KOL Coin Circle Bull and Bear Memory said sarcastically.
Currently, as a MEME coin, the media and social networks do not pay much attention to FOXY. The culture and communication ability of FOXY as a MEME coin itself can only be said to be average.
In addition, it is hard to say whether FOXY really has the support of Consensys. If something goes wrong, Consnssys will definitely distance itself from it.
Judging from the current information, FOXY does have a background, but it is precisely because of its good background and the fact that it is fully equipped at the beginning that it lacks the MEME temperament that MEME coin should naturally have.
MEME coins are risky, especially in the current market sentiment. Be safe.
