this post was submitted on 03 Dec 2024
5 points (57.1% liked)

Monero

1809 readers
8 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 2 years ago
MODERATORS
 

Monerochan Token: A Trojan Horse for Promoting Monero

Hello Monerochads,

We understand that the Monero community values privacy and utility over hype and speculation. But the reality is, the meme cycle is here. Every bull run brings a wave of speculative mania, and projects fueled by absurd ideas and flashy memes dominate attention. Instead of ignoring this, we’re proposing a way to use it to our advantage: Monerochan Token ($MONEROCHAN).

This project isn’t just another cash grab or speculative distraction. It’s a Trojan Horse, designed to bring more attention to Monero, onboard new users, and provide funding for tools that benefit the community.


Who’s Behind This?

We’re the Based Money Collective, a team of long-time Monero community members who have built various projects—both for profit and not-for-profit—within the crypto space. To confirm our authenticity, we’ve reached out to the moderators at monero.town with our Monero nyms.

This project isn’t about us; it’s about the Monero community and using its creativity, memes, and culture to attract new users to Monero.


Why Monerochan Token?

  1. Reaching New Audiences

    • Let’s face it: the average crypto speculator isn’t going out of their way to buy Monero because they don’t understand its value or importance. Privacy needs a hook, and $MONEROCHAN is that hook. This token reaches people who otherwise wouldn’t care about Monero or even know it exists.
  2. Leveraging Speculative Mania

    • Speculation drives interest, and rising prices bring attention. This project uses clown-world speculation to draw eyes to Monero, growing awareness through the meme cycle.
  3. Building Tools for Monero

    • The attention generated by $MONEROCHAN will help us build critical tools for Monero’s ecosystem integrating with web3.
      • XMR Swap Service: A vending machine-like service where users can send XMR and receive $MONEROCHAN (or other tokens) in return.
      • XMR–ERC20 Atomic Swaps: We’re researching the existing atomic swap code base to create a deployable front end, allowing seamless swaps between XMR and ERC-20 tokens.
  • Privacy friendly eth wallet: In a world dominated by mobile wallets we want to provide some of our personal tools for interacting with web3 in an opsec safe manner.
  1. Community Growth
    • The more that Monerochan Token gains traction, the more it brings new users into Monero’s ecosystem. Many people are drawn to Monero through curiosity sparked by memes and culture, and this token amplifies that effect.

What’s in It for Monero?

Monero works as advertised, and its adoption in real-world markets is something to be proud of. But the lack of price appreciation has drawbacks. Here’s how more attention benefits the community:

  1. Boosting Hashrate

    • A higher price makes mining Monero more attractive, increasing the network’s hashrate and security.
  2. Code Contributions

    • More eyes on Monero’s code base mean more opportunities for innovation and improvements.
  3. Funding Research & Development

    • Increased attention and community involvement can fund crucial advancements in Monero’s technology.
  4. Real-World Utility

    • A higher price means more people holding and using Monero, which boosts its adoption in markets and enhances its utility as digital cash.

Tokenomics & Distribution

  • Max Supply: 1,337,000,000 $MONEROCHAN
  • Fair Launch: 100% fair distribution, with liquidity locked forever to ensure no rugs.
  • Current Market Cap: Under $1 million

We’ve reserved a bag of tokens for the Monero community. Post your Ethereum address, and we’ll send you $MONEROCHAN for free—no strings attached, no money required. All we ask is that you don’t cash it out as a quick grab—hold it, support the project, and help us grow Monero’s visibility.


Roadmap

Phase 1: Soft Launch

  • Distribute airdrops to the Monero community and targeted groups, including 4chan’s Monero General thread, to build early interest.

Phase 2: Initial Release

  • Burn a significant portion of whale-held tokens to create scarcity and build confidence in the tokenomics. The team burned 25% of the supply yesterday.
  • List $MONEROCHAN on all major decentralized exchange (DEX) aggregators, kicking off a marketing push to reach a broader audience.

Phase 3: Monerochan NFT Drop (April 2025)

  • Launch the first Monerochan NFT collection, requiring $MONEROCHAN tokens for purchase.

Phase 4: Continued Development

  • Develop a “vending machine” service, enabling users to exchange XMR for $MONEROCHAN seamlessly.
  • Research and implement MONEROCHAN–XMR atomic swaps, laying the groundwork for smooth ERC20 atomic swaps.
  • Release a second Monerochan NFT set, expanding the utility and engagement for $MONEROCHAN holders.

How to Get Involved

1. Claim Free Tokens – No Strings Attached

Post your Ethereum address, and we’ll send you $MONEROCHAN tokens for free. No strings attached, no investment required. This is our way of ensuring the Monero community gets ground-floor access to this project.

However, we ask that you don’t just sell it for a quick cash grab. The only way this project succeeds in bringing more attention to Monero is by increasing its market cap. The more $MONEROCHAN is held by strong hands within the community, the less selling pressure there is, which makes it easier for the market cap to grow.

2. Join the Community

3. Buy More Tokens

Monerochan Token is live on Ethereum and trading on Uniswap.

  • Uniswap Contract Address: 0x3f7dB133aFf2F012C8534b36aB9731fe9Ee7bd43

Steps to Buy:

  1. Download an Ethereum wallet (e.g., Metamask).
  2. Swap Monero into Ethereum.
  3. Go to Uniswap and purchase $MONEROCHAN.

A Community-Centric Mission

We know this project won’t appeal to everyone in the Monero community, and that’s okay. But for those who see the potential in using speculative mania to drive real-world adoption, Monerochan Token is a tool to amplify Monero’s message.

This is a side quest with real benefits: more users, more tools, and more visibility for Monero. Let’s use clown-world speculation to strengthen what truly matters: privacy, decentralization, and digital cash that works.

Stay based,
Based Money Collective

top 50 comments
sorted by: hot top controversial new old
[–] admin@monero.town 4 points 3 months ago* (last edited 3 months ago)

We are temporarily suspending monero.town signups while this is live to prevent airdrop hunters from joining. Non-local comments containing an address will also be removed. Known community members can still DM me on matrix to get approved.

[–] qwerty@discuss.tchncs.de 5 points 2 months ago (1 children)

Monero is an amazing project with an actual use case, why associate it with a scam or a useless trash at best. The possibility of tarnishing XMR's and community's reputation far outweigh any benefit it may bring. We don't need another shitcoin to develop a frontend for EVM atomic swaps, if you are serious about it and need funding make a CCS proposal. We also don't need moonbois taking interest in XMR just to turn it into another vehicle to grow their fiat bags, destabilizing our price in the process. Price stability is essential to monero's success as as digital cash. Small price osculation, steady growth, no growth (or even steady decline as long as it's predictable, just look at fiat) is preferable to violent price movements which force everyone who wants to use monero as money to become a speculator as well.

load more comments (1 replies)
[–] xenu@monero.town 5 points 3 months ago (1 children)

Can confirm this isn't a scam and that I'll be helping with the NFT art stuff.

[–] oliver_twisted@monero.town 1 points 2 months ago

are freebies over? still waiting for mine and some more people too

[–] Ammortel@monero.town 2 points 2 months ago

So why don't you send ?

[–] anesthesia@monero.town 2 points 3 months ago (1 children)

This sounds interesting. I'm up for the free tokens, and might grab some extra ones later for the meemz :)

0xA4E16089D807F2B52353E193D637EB1FAA6DD6bA

[–] BasedMoneyCollective@monero.town 3 points 3 months ago (1 children)

Sent: 0x7c3505b39fbd8df71e595d2f115f0aca6ffb1aea7b9d059f66422523ec78e875

[–] xmr_unlimited@monero.town 1 points 2 months ago (1 children)

So you want privacy community members to associate their monero town handle to etheruem publicly? Can I pgp you links to my favourite cat pictures instead?

[–] anesthesia@monero.town 1 points 2 months ago

Literally just make a new wallet, as everyone else in this thread (including me) did. Of course no one is going to post here their regular use wallet (if they even had one to begin with)

[–] monerobull@monero.town 2 points 3 months ago (2 children)

If we get code out of this to easily set up such online token vending machines there is actually a lot of utility to be gained. People could use it for all sorts of stuff like NFT tickets or raffles or whatever:

0xacf0a30d476b4bec35222a7b5b82db52e8ac6437

[–] BasedMoneyCollective@monero.town 2 points 2 months ago

0xacf0a30d476b4bec35222a7b5b82db52e8ac6437 sent:0x868bfb582a3df639f32d3a64f62cb10e365037d3845225c88acc936edbd03e67

load more comments (1 replies)
[–] XmrLovingAncap@monero.town 2 points 2 months ago (1 children)

Interesting idea 🤔

If it generates a bit of awareness why not 🤷‍♂️

0x760b703B3D87Ac7bB43E73b3bFae1b36CfAc7A79

[–] BasedMoneyCollective@monero.town 1 points 2 months ago (1 children)

sent: 0xc47b95e2d6849ddc40fe36e0da3ac69e4de02dcc926ca413646e36f5852af7ee

load more comments (1 replies)
[–] key_brolin@monero.town 2 points 3 months ago (1 children)

Quite interesting. Where are you going to list it? Because, I have to buy the real Monero on instant crypto exchanges, like Trocador or Exolix.

load more comments (1 replies)
[–] fullmetalScience@monero.town 2 points 2 months ago (1 children)

The text has some ... "orange" flags.

For example, burning 25% doesn't make sense when you decided on the supply to begin with and "100 % fair distribution" isn't possible in the given scenario.

But then again, meme coins are all about not making sense, and some play may actually lead to the desired exposure. Let's get Monero some marketing:

0xe746433469235aB0D5cc404b592C9634eF2ECB1D

[–] BasedMoneyCollective@monero.town 1 points 2 months ago (1 children)

Yes, both points are true. The token was 100% fairly launched via a Uniswap pool. However, after the launch, some bots attempted to snipe the supply. In response, the dev made a larger market buy, which led to the creation of the whale.monerochan.eth wallet. This wallet is where the supply has been burned from, and it's also where the community giveaways are coming from. Once those giveaways are complete, the remaining supply in that wallet will be burned to eliminate any FUD around the large supply.

1. Token Launch and Liquidity Setup

  • Launch Date: Saturday, November 30th (9:27 UTC)
  • Launch Address: 0x22748a8ffcc62940cbab2f800e39832e16088c6e
  • Uniswap Approval: Same day, 10:59 UTC
  • Uniswap Pool: At 11:01 UTC, 1,336,999,999 Monerochan (100% of the supply minus 1 unit due to rounding) and 0.999944806545350012 ETH were added to the Uniswap pool.
    • Pool Address: 0x223efa253de3593ffef5088ffc8e214c2a9c751bc56ab5c25264a08f1498d3a5
  • Liquidity Lock: On December 1st, 12:01 AM UTC, the pool liquidity was locked forever via UNCX.
    • Locking Address: 0xe557face203eca8bf57eb337449e0fb93b8afced92e82914f2e178e4dcf0b229

2. The Burn and whale.monerochan.eth Wallet

After liquidity was added, sniper bots attempted to buy early and grab large amounts of the supply. To prevent this, the dev immediately bought 2.5 ETH worth of Monerochan (address: 0x484b59e42f5025a8ab04fac717b58d25ecc312d125c7bf3315539aa602190fda), which resulted in 789,420,933.056098313445518155 Monerochan—about 60% of the total supply.

3. Airdrop and Burning Plan

  • The whale.monerochan.eth wallet is being used to airdrop Monerochan to the community and start the burning process.
  • The idea is to prevent snipers from holding a large portion of the supply, so we’re giving the tokens to the Monero community and burning the rest.
  • The Plan: Continue airdropping from this wallet, lock up 5% of the supply for a year (the plan was to purchase the 2.5 when the marketcap was larger but we tried to mitigate bots), and burn the remaining tokens. This will be done this week.

4. Why Memecoins and Community Building?

Memecoins are all about building a narrative, and this cycle is focused on creating a strong community. Our goal is to ensure Monero community members receive the tokens with minimal downside risk and potential upside.

We’re making sure that Monero community members get the tokens directly, without the interference of bots, spam, or scammers that typically flood launch channels. We aren’t using any marketing services or running traditional campaigns like most other projects.

Hope this helps clarify things. Please feel free to ask if you have any further questions.

Sent: 0xf1379da5825cb777a7d7050d73c403be2cb317052bb1ad6a325ab1f2b71aa72a

[–] fullmetalScience@monero.town 2 points 2 months ago

This sure clarifies the circumstances. I appreciate the explanation and went on to verify the claims.

Here are the corresponding Etherscan-links to spare others the hassle:

  1. [0x2274] MONEROCHAN creation
  2. [0x2274] Uniswap funding / locking
  3. [0xB9A1] Buying 789,420,933 (at time of writing)
  4. [0xB9A1] Burning of 383,913,580 (at time of writing)

So far I couldn't detect any discrepancies. Note that, on Blockchair, whale.monerochan.eth appears to resolve to 0x0000000000000000000000000000000000000000, while airdrops come from 0x4642, after being funded by 0xB9A1.

Thank you for the onboarding!

[–] rottenwheel@lemmy.zip 1 points 3 months ago (1 children)

Yeah, nah. Not on ETH. Gas fees are stupid expensive. Look into TON and call me when you remake. Good luck, have fun otherwise. Cheers!

[–] DieserTypMatthias@lemmy.ml 3 points 2 months ago (1 children)

Plus Ethereum is as transparent as the window in your room.

[–] oliver_twisted@monero.town 2 points 2 months ago

monerocat is in monerochans ceiling watching them masticate

[–] DieserTypMatthias@lemmy.ml 1 points 2 months ago* (last edited 2 months ago) (4 children)

Why Ethereum? Isn't possible to do it on RandomX? Also, why limited supply? XMR ≠ BTC.

Phase 3: Monerochan NFT

Why the F will you sell JPEGs with the Monero mascot that I can download off of Google images for free?

NFTs = scam


Is there a guarantee this won't be a Pump-and-Dump? Also, why is this pinned?

P.S.: Ik that some NFTs are not just monkeys with different backgrounds, but selling a JPEG of some mascot who can be found on the internet is dumb.

[–] anesthesia@monero.town 4 points 2 months ago* (last edited 2 months ago)

Why Ethereum? Isn’t possible to do it on RandomX?

Eh... no? Because the Monero blockchain has no support for custom tokens...?

Also, why limited supply? XMR ≠ BTC.

Because this is not XMR? It is literally just a memecoin.

Why the F will you sell JPEGs with the Monero mascot that I can download off of Google images for free?

Because people are stupid and they like the NFTs. Besides it's not about "having the JPEG", more of "owning it" I would guess.

Is there a guarantee this won’t be a Pump-and-Dump? Also, why is this pinned?

Probably not. Again it's just a memecoin, play the game if you want, or don't. Up to you.

I'm not related to this project but I don't think it is such a bad idea. Just don't play the game if you don't like it. It is not even in the Monero blockchain so what harm can it realistically do to us?

Edit: Formatting

[–] DieserTypMatthias@lemmy.ml 1 points 2 months ago

Just set up an account on Kraken and trade regular XMR.

[–] g2devi@feddit.nl 1 points 2 months ago

Isn’t possible to do it on RandomX? Yes but not on Monero since that's not its purpose and it hurts anonymity (review the Mordinals reaction).

Why the F will you sell JPEGs with the Monero mascot that I can download off of Google images for free? Yes, it's fugazi as is most of the "modern fine art" market.

That being said, NFTs are available on CEXes and there will be an easy XMR to this NFT atomic swap so it might be an on/off ramp for some people.

load more comments (1 replies)
[–] asudox@discuss.tchncs.de 1 points 2 months ago (2 children)
load more comments (2 replies)
[–] uN1ca@monero.town 1 points 2 months ago (1 children)

0x23374928C339628A5e167F143A3D8d65f734aBC0

monerochan a cutie

[–] BasedMoneyCollective@monero.town 1 points 2 months ago

0x23374928C339628A5e167F143A3D8d65f734aBC0

sent: 0xd8b105d358cd69ee1482f2768ce21aeb4751f8e7fa23c3fda48873d417d58247

[–] Berg@monero.town 1 points 2 months ago (1 children)

OK, I'll take some free tokens. 0x9E38E753f0E2c2F4cCF13dCb07937E9044cEc418

[–] BasedMoneyCollective@monero.town 2 points 2 months ago

0x9E38E753f0E2c2F4cCF13dCb07937E9044cEc418 sent: 0x34ab9720f6d8d6f3f23994888a7bff48a70a2d93f889c39a0fecec9e1d460392

[–] eric2377@monero.town 1 points 2 months ago (1 children)

I'll take some: 0x99D67043CcB9a7BACcfB68c926f47b311FCB3731

[–] BasedMoneyCollective@monero.town 1 points 2 months ago

0x99D67043CcB9a7BACcfB68c926f47b311FCB3731 Sent: 0x8904a15ad501984a204b5bd438060fcf182ebe9bdf9610c09bae35251c3523de

[–] jujube@monero.town 1 points 2 months ago (1 children)

I'll take some thanks : 0xF6Bc1AA17196a8A9a59c58DB370BdD20BA28C2e2

[–] BasedMoneyCollective@monero.town 2 points 2 months ago

0xF6Bc1AA17196a8A9a59c58DB370BdD20BA28C2e2 sent: 0x5449c5defb5cfa8e01dfb9d540c02c9af6108f7cf449f9137a668c27fe68363a

[–] galaxy3@monero.town 1 points 2 months ago* (last edited 2 months ago) (1 children)

0x9c969942C559f8AA558d459fd1Cfb3ae6785E95a

Thank you

[–] BasedMoneyCollective@monero.town 2 points 2 months ago

sent 133700 MONEROCHAN to 0x9c969942C559f8AA558d459fd1Cfb3ae6785E95a at tx: 0x078332579dc35a5069613578df2fbd6c82e9bd6a160ffe19ec6561a4b3862829

[–] cantoro@monero.town 1 points 2 months ago (1 children)

Thank You 0x0dB791c68b768470C505b3f81A8352aBDCE7dfF3

[–] BasedMoneyCollective@monero.town 1 points 2 months ago

sent 133700 MONEROCHAN to 0x0dB791c68b768470C505b3f81A8352aBDCE7dfF3 at tx: 0x78dc219a61956c0635306ebc3092334e4bb1d2957611b4d90e4b6ecaa5ab0eb2

[–] cmcsun@monero.town 1 points 2 months ago (1 children)

0x8E3e13554ad5A10b224f9021D77bEE8ECC217c26

load more comments (1 replies)
[–] cmcsun@monero.town 1 points 2 months ago (1 children)

i want monero chan nft she is a qt pi

load more comments (1 replies)
load more comments
view more: next ›