What is SPAM
- canned pork full of fat and preservatives
- a sketch televised by Monty Python in a greasy café
- unsolicited electronic communications (much like in-game unit spamming or even blockchain transaction SPAM)
Spam can take many forms. We were surprised by the amount of spam that exists in the world today, yet it doesn’t have its own crypto token. We aim to fill this shameful gap by creating the $SPAM token. But still, it's a little more than that. Here’s what SPAM is:
1. Crypto token
A community-based project, following the footsteps of $TENDIES and $TACOS, with extra emphasis on transparency, fairness and deflation. All tokens will be sold at the same price. No discount for VC or strategic investors. Maximum allocation per person will only be $250. No whales to dump.
2. Social Experiment
Exploring the levels of propagation a token can get in the spamming culture that we live in. The smart contract itself, gives motive to holders to spread SPAM (see SPAMonomics). Plus, we will run various social “spamming” campaigns, meaning we will offer motivation for people to “spam” SPAM and see how viral it can get.
3. Crypto hub
There is so much going on lately in the crypto space. New projects start all the time and you are all invited to share and promote any of these project you like (as long as it’s not a scam of course) through our social channels. No one is going to block you (how could we with such a name :p).
The more you spam, the more you gain
$SPAM is issued as an ERC20 token on the Ethereum blockchain. You can use $SPAM however you like; you can eat it, burn it, stack it or even spam it. Everybody can stack SPAM to become a true SPAMMER, or you can simply trade.
Jokes aside, SPAM has some novel deflationary mechanisms that motivate holders to further spread the word. The point here is: The more you spam it, the more value it gains.
The deflationary mechanisms
- 1% of SPAM burns in every transaction (wallet-to-wallet transactions). This means that the more SPAM spreads, the more the transactions, the less the tokens, the higher their value.
- The smart contract checks the number of token holders every 5 days. If the amount of token holders increases, then 3% of SPAM is burnt from the wallets of the new holders (this happens only once for each wallet).
It's the first time that such a deflationary mechanism is implemented. We believe this will increase the number of holders even more, as it strengthens the incentive for people to invite more users and, therefore, increase the burn amount. In essence, old holders gain as new holders come in.
100,000 $SPAM tokens were minted, out of which 94,193 were burnt. So the total number of available tokens is only 5,600 and the the supply is constantly decreasing.
The SPAM allocation is as follows:
Or if you are more of a visual type, we also have the next cool infographic for you ;)Liquidity is locked until 09 November 2021
Our smart contract is published and verified. You can find it here.
The team is anonymous for now. However, not really fully so; we have a lot of connections in the blockchain space and certain people know our true identities.
We have been building this project since July 2020 and we can assure you that we are not going to abandon it easily, since we have worked hard on it, building a custom smart contract and other aspects of the network, as well as the whole brand around SPAM. And we will continue to BUIDL…
To make investors feel secure, 25% of all SPAM will be locked for Uniswap liquidity for 1 year, immediately after the end of the SPAM sale. We will also work to incorporate more DeFi and NFT functions in the future. We truly believe SPAM is a great name and concept for a MEME token and can outlast all other MEMEs.