this post was submitted on 03 Dec 2024
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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

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[–] admin@monero.town 4 points 3 weeks ago* (last edited 3 weeks 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.

[–] xenu@monero.town 5 points 3 weeks 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 weeks ago

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

[–] qwerty@discuss.tchncs.de 5 points 3 weeks 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.

I understand and respect the value of rejecting price speculation, as it helps maintain a culture focused on the technology and Monero's mission. However, I believe there's a real threat we need to acknowledge: Monero requires higher liquidity than it currently has. A shrinking market cap reduces liquidity, which could jeopardize its utility as a currency.

The anti-moonboy rhetoric in the Monero community is valuable because it keeps us grounded in what truly matters for peer-to-peer cash, rather than short-term profit. But there are challenges that even the best technology can't solve—adoption is a social problem, not just a technical one. For Monero to thrive as a currency, it needs more users who not only accept it but also use it regularly. While price stability is important, long-term price declines are not sustainable for adoption. Monero needs enough exit liquidity and volume to function effectively as a transactional currency.

Adoption leads to the growth of circular economies, which is something we all want for Monero. To make that happen, people need confidence that their holdings will at least keep pace with inflation. The easiest way to achieve this is by increasing demand. More attention on Monero doesn’t mean it will suddenly attract moonboys or turn it into a speculative circus dominated by a figurehead promoting ETFs. Instead, it brings in more people, expanding the anonymity set and increasing its utility as digital cash.


Speculation Isn’t New to Monero

Let’s not forget that speculation has been part of Monero’s history from the beginning. A decade ago, there was a ton of price speculation even within the Monero community. For example:

The subreddit r/MoneroMarkets has been active for nearly a decade, serving as a space for discussing Monero price action. Countless threads show how speculation has been part of the conversation, especially back in 2015 when the subreddit was filled with posts hyping Monero strictly based on price movements.

Price action has never been a forbidden topic in Monero’s history. It’s something the community has navigated thoughtfully without compromising the project’s values. It’s not something we must avoid like the plague.


Speculation Isn’t Inherently Bad

Speculation isn’t inherently bad—it’s how many of us, even within this community, first discovered our favorite projects. While extra attention won't magically turn the community into a bunch of moonboys screaming "WHEN LAMBO", it will attract individuals who are the right fit for this community and its values. Normies aren’t going to do the work it would take to ruin a community. The bar for engagement and culture has been solidified; Monero’s culture is a decade old and mature at this point.


Caring for Monero’s Future

I know we might not see eye to eye on this, but please understand that I care deeply about Monero and have for years. Everything I’m suggesting comes from a place of wanting the best for Monero and its long-term success. Monero has already demonstrated its resilience. Years of deplatforming have had an antifragile effect, making it stronger. We really could use more work on outreach to those already not already in the know. A memecoin from a community known for anime art isn't going to derail Monero's mission. If anything, it could amplify awareness and attract the kinds of users who will help it grow.

[–] XmrLovingAncap@monero.town 2 points 3 weeks ago (2 children)

Interesting idea 🤔

If it generates a bit of awareness why not 🤷‍♂️

0x760b703B3D87Ac7bB43E73b3bFae1b36CfAc7A79

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[–] fullmetalScience@monero.town 2 points 3 weeks ago (2 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

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[–] key_brolin@monero.town 2 points 3 weeks 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.

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[–] monerobull@monero.town 2 points 3 weeks 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

0xacf0a30d476b4bec35222a7b5b82db52e8ac6437 sent:0x868bfb582a3df639f32d3a64f62cb10e365037d3845225c88acc936edbd03e67

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

So why don't you send ?

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

Sent: 0x7c3505b39fbd8df71e595d2f115f0aca6ffb1aea7b9d059f66422523ec78e875

[–] xmr_unlimited@monero.town 1 points 3 weeks 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 3 weeks 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)

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

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

[–] oliver_twisted@monero.town 2 points 3 weeks ago

monerocat is in monerochans ceiling watching them masticate

[–] DieserTypMatthias@lemmy.ml 1 points 3 weeks ago* (last edited 3 weeks 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 3 weeks ago* (last edited 3 weeks 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 3 weeks ago

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

[–] g2devi@feddit.nl 1 points 3 weeks 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.

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[–] asudox@discuss.tchncs.de 1 points 3 weeks ago (1 children)
[–] BasedMoneyCollective@monero.town 1 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

I call this BS.

Hey anon, tried to send you your airdrop, but no address, no dice. So I did the next best thing—I sent it straight to the burn address for you. 0x000000000000000000000000000000000000dEaD

Dropped 133,700 MONEROCHAN into the void tx: 0x7190abc24b27442e0d96678ee8927d41e396eff40aa27079c76426ba17e2ad40

Better luck next time.

[–] asudox@discuss.tchncs.de 1 points 2 weeks ago

good, keep doing it 👍

[–] uN1ca@monero.town 1 points 3 weeks ago (1 children)

0x23374928C339628A5e167F143A3D8d65f734aBC0

monerochan a cutie

0x23374928C339628A5e167F143A3D8d65f734aBC0

sent: 0xd8b105d358cd69ee1482f2768ce21aeb4751f8e7fa23c3fda48873d417d58247

[–] Berg@monero.town 1 points 3 weeks ago (1 children)

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

0x9E38E753f0E2c2F4cCF13dCb07937E9044cEc418 sent: 0x34ab9720f6d8d6f3f23994888a7bff48a70a2d93f889c39a0fecec9e1d460392

[–] eric2377@monero.town 1 points 3 weeks ago (1 children)

I'll take some: 0x99D67043CcB9a7BACcfB68c926f47b311FCB3731

0x99D67043CcB9a7BACcfB68c926f47b311FCB3731 Sent: 0x8904a15ad501984a204b5bd438060fcf182ebe9bdf9610c09bae35251c3523de

[–] jujube@monero.town 1 points 3 weeks ago (1 children)

I'll take some thanks : 0xF6Bc1AA17196a8A9a59c58DB370BdD20BA28C2e2

0xF6Bc1AA17196a8A9a59c58DB370BdD20BA28C2e2 sent: 0x5449c5defb5cfa8e01dfb9d540c02c9af6108f7cf449f9137a668c27fe68363a

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

0x9c969942C559f8AA558d459fd1Cfb3ae6785E95a

Thank you

sent 133700 MONEROCHAN to 0x9c969942C559f8AA558d459fd1Cfb3ae6785E95a at tx: 0x078332579dc35a5069613578df2fbd6c82e9bd6a160ffe19ec6561a4b3862829

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

Thank You 0x0dB791c68b768470C505b3f81A8352aBDCE7dfF3

sent 133700 MONEROCHAN to 0x0dB791c68b768470C505b3f81A8352aBDCE7dfF3 at tx: 0x78dc219a61956c0635306ebc3092334e4bb1d2957611b4d90e4b6ecaa5ab0eb2

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