The THUG (THUG) token is a meme-based cryptocurrency launched on the Base network, with a primary focus on rewarding its holders through automatic dividends in another token called $BRETT. It combines traditional meme coin features with a unique holder reward mechanism, while also promoting a decentralized and rug-pull-resistant structure.
Key Features
1. Deflationary Supply: Out of the original total supply of 2 trillion tokens, 50% has been permanently burned, leaving 1 trillion tokens in circulation. This limited supply is intended to create a deflationary effect, with potential for faster market capitalization growth compared to regular tokens.
2. Reward Mechanism: Holders of at least 100 million $THUG tokens are automatically rewarded with $BRETT tokens from every transaction (buy or sell). This reward system operates based on a proportional mechanism, meaning larger holders receive a greater share of $BRETT rewards. This setup incentivizes long-term holding of $THUG.
3. Immutable Contract: The $THUG smart contract has been renounced, meaning that no one has control over modifying the contract’s functionality. Additionally, liquidity has been locked and sent to a dead wallet, further ensuring security against rug pulls.
4. Transaction Fees and Distribution: A small fee is applied to each transaction, which is collected in the smart contract. Once the collected amount reaches a certain threshold (0.1% of liquidity), it is converted into $BRETT tokens and automatically distributed to eligible $THUG holders.
Roadmap and Vision
The development team behind $THUG outlines an ambitious roadmap divided into two phases:
• Phase 1: Focuses on building the foundation, including stealth launch, token burn, contract renouncement, and organic exposure. The team also plans to achieve CoinMarketCap (CMC) and CoinGecko (CG) listings, social media campaigns (including Telegram, X, TikTok, and YouTube), and securing an audit with Certik for enhanced trust and security.
• Phase 2: Plans for broader exchange listings, partnerships with $BRETT, and expanding the user base to over 50,000 holders. The ultimate vision is to establish $THUG as a top meme coin on the Base network, with global recognition and a market cap exceeding $1 billion.
Conclusion
While THUG positions itself as more than just a typical meme coin, it still carries the hallmarks of the meme token culture—high volatility, speculative value, and reliance on community-driven growth. The automatic reward system in $BRETT and deflationary supply may attract holders seeking passive income through dividends, but potential investors should carefully assess the project’s long-term viability and risks associated with meme-based cryptocurrencies.
Risk Warning
Kindly note that trading cryptocurrencies involves considerable risks and may lead to a loss of invested capital. So, please ensure that you understand all risks involved. Also, consider your experience level and follow independent financial advice if needed.
Useful links
For questions, contact Tokpie at https://t.me/tokpie.
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