Title: Default Listing of ༼ つ ◕_◕ ༽つ $gib on SaucerSwap DEX
Author(s): LED
SaucerSwap Voting Interface: N/A
Related Discussions: N/A
Submission Date: January 21st, 2025
Summary:
This RFC proposes the Default Listing of $gib a memecoin launched on Hedera via MemeJob.fun. At time of proposal TVL is at $194k with a market cap just shy of $2 million USD. gib has the potential to attract retail users and strengthen Hedera’s position in the growing memecoin market through strong social media presence, accessibility, meme-ability and AI integration.
A Default Listing would simplify trading access, deepen liquidity, and further strengthen SaucerSwap’s position as the primary platform for Hedera-based tokens.
Abstract:
Memecoins have consistently driven retail adoption and trading activity across crypto networks. With $gib, Hedera showcases its capacity to compete in this vibrant market, benefiting from its low transaction fees and advanced consensus algorithm.
A Default Listing on SaucerSwap will enhance trading accessibility, encourage further liquidity growth, and help position Hedera as an attractive option for retail traders exploring new ecosystems.
Motivation:
$gib is the only memecoin which depicts its visual representation on the Hashgraph via its token name using ASCII: ༼ つ ◕_◕ ༽つ. It has already proven a popular character going from MemeJob stealth launch to $2million USD market cap in 20 days. gib aims to help onboard the next wave of Hedera users via a fun meme via a copy/pasta meme.
Specification & Rationale:
Technical:
- Token ID: 0.0.7893707
- Launchpad: MemeJob.fun
- Sentinel Report: Sentinel
Social:
*Retail Access: A Default Listing positions $gib as an accessible option for retail traders exploring Hedera.
*Community Momentum: $gib’s community has shown strong engagement, which can be further supported through improved accessibility.
Financial:
- Liquidity Growth: A Default Listing will deepen liquidity pools, improving trading conditions for all participants.
- Revenue Growth: Higher trading volumes will drive platform fees and benefit liquidity providers.
Governance:
- Ecosystem Support: Supporting $gib aligns with SaucerSwap’s mission to strengthen the Hedera ecosystem and encourage broader adoption.
Benefits (Pros):
- Proven Growth: $gib’s rapid rise demonstrates strong community interest and engagement via a cute memorable character.
- Liquidity Improvement: A Default Listing encourages deeper and more stable liquidity pools.
- Retail Attraction: $gib provides an opportunity to bring new users and capital into Hedera’s ecosystem.
- Ecosystem Alignment: Listing $gib reinforces SaucerSwap’s role as the go-to DEX for Hedera for up and coming popular memecoins with the possibility of encouraging liquidity injections from retail users and encourage further participation by those users for SaucerSwap’s other product offerings.
Downside (Cons):
Memecoins can often experience greater volatility than the underlying asset it is paired with despite performance of said asset (HBAR).
Voting:
If this RFC progresses to the Proposal phase, the voting options will be as follows:
- Yes: Approve the Default Listing of $gib on SaucerSwap.
- No: Reject the Default Listing of $gib on SaucerSwap.
༼ つ ◕_◕ ༽つ gib
in review. I have no idea when more of that would be completed.