Among memecoins seeking to find a place in the crypto ecosystem, the Wall Street Memes project is creating a buzz with the performance of its ICO. Since the launch of the pre-sale, WSM quickly created a sensation among investors and traders who immediately recognized the potential of this meme project.
Wall Street Memes: project presentation
Wall Street Memes is a crypto meme born from a movement launched in 2021. This movement wanted to change the game by giving power to small investors to overthrow the dominance of Wall Street. WSM quickly became one of the most powerful retail investing communities on the Internet before becoming a successful project. WSM is also considered one of the most explosive projects in the crypto space this year.
Its pre-sale displays an unprecedented performance. The impressive pace of fundraising appears to be a guarantee of confidence in the project from the crypto-investing community. Wall Street Memes confirms its success as it approaches its goal of reaching the cap of $30.5 million for its presale. As of this writing, the project has reached the $25 million milestone for its ongoing ICO, launched on May 23.
It must be said what it is, the success is enormous, in addition to being early. Even Ethereum, the most popular crypto in the ecosystem, failed to raise that much funds during its ICO. Even less in such a short time. A feat which is partly explained by a solid pre-sales strategy.
A presale in 30 steps
Wall Street Memes launched its pre-sale on May 23 and set a goal of reaching $30 million. The response to the pre-sale event was extraordinary. Just two weeks after its launch, the project raised $5 million in funding. This speed attracted and increased the interest of other investors, causing the pre-sale of WSM tokens to maintain this same frenetic pace until today.
To give investors time to participate in its presale, Wall Street Memes had the good idea to organize its presale in 30 steps. As the stages progress, the price of the token increases, but remains advantageous as required by the principle of the ICO. The project is in its 29th stage. The price of the token will increase from $0.0334 to $0.0337 for the 30th and final phase of the ICO.
The Wall Street Memes team implemented this intelligent strategy to reward the very first investors who will earn the most when WSM tokens are listed on tier 1 exchanges. This feat of Wall Street Memes comes from the support of its community.
A large and growing community
Wall Street Memes also draws its strength from its community. With a community of over a million people, you will understand why and how this crypto meme project was able to grow so quickly in terms of usefulness and price. WSM has more than 225,000 followers on Twitter and nearly 535,000 followers on Instagram. The project’s official Telegram channel is also seeing a massive influx of new members. Its presence on many other platforms (Youtube, TikTok, Reddit, Discord) also allows it to continuously expand its community.
The project also took advantage of the popularity of NFTs to attract more people. In October 2021, the project launches a collection of NFTs, the Wall Street Bulls, to improve investor ownership of the project. Counting 10,000 works, the entire collection sold out in half an hour. This sale allowed the project to raise $2.5 million. The event also prompted thousands of users to flock to the Wall Street community. This first foray into selling NFTs marked the first wave of growth for the community.
With its solid army of followers and subscribers on social media, Wall Street Memes has enough community support to promote its tokens. Additionally, Musk’s recent commitment will have a positive impact on its growth. With its growing popularity, Wall Street Memes is poised to take over the meme space. The team behind the project has proven itself so far. He was able to demonstrate the solidity and potential of his project which becomes almost fascinating. Which generates value.
An ICO without private sale for Wall Street Memes
As part of the ICO, all WSM tokens available for presale are accessible to the public, without allocation for private sale or for the team. 50% of WSM memecoins are allocated for pre-sale. Of the remaining 50%, 30% of tokens are reserved for community rewards, 10% will maintain liquidity on CEXs, and 10% will go into DEXs.
Speaking of rewards, the team is already organizing a competition which will allow 5 lucky people to benefit from an airdrop of 50,000 dollars, or 10,000 dollars for each winner. All the information needed to be eligible and participate in the airdrop is available on the project website.
Conclusion
Wall Street Memes was built with the idea of democratizing finance, an ideology that shines through its community tokenization. To establish itself in the market, it has positioned itself as a memecoin project for retail traders and is working to sustainably maintain the dynamics of its community. With its solid foundations as well as its well-crafted marketing and development strategies, Wall Street Memes has launched a memecoin with very high potential (and lasting), which can surpass Pepe and Dogecoin or even Shiba Inu according to experts.
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