Wall Street Memes

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Discover Wall Street Memes's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Wall Street Memes?

Wall Street Memes (WSM) is a community-driven cryptocurrency designed to democratize finance and empower retail investors. Born out of the GameStop Saga, it operates on the Ethereum blockchain and has a total token supply of 2 billion. WSM is associated with the WallStreetBets subreddit and offers features such as staking rewards, governance participation, and decentralized applications (dApps) like a social trading platform and meme marketplace. The token also incorporates an automatic burn mechanism to reduce supply and contribute to liquidity pools. WSM is known for its strong community focus and its role in tokenizing the retail investor movement in the crypto industry.

How is Wall Street Memes used?

Wall Street Memes (WSM) is a community-driven cryptocurrency designed to democratize finance and empower retail investors. It operates on the Ethereum blockchain and has a total token supply of 2 billion. The token is primarily used for speculation and as a rewards token for its community of investors and traders, drawing inspiration from the Reddit subculture that grew out of the GameStop saga in 2021.

WSM token holders can generate passive income through staking, earning rewards and participating in governance votes. Additionally, the token is being used as the foundation for various decentralized applications (dApps), such as a social trading platform and a meme marketplace. The token also incorporates an automatic burn mechanism, where a fraction of every WSM transaction is automatically eliminated or taken out of circulation, which serves to reduce the overall WSM supply and potentially increase prices.

How do I store Wall Street Memes?

To store Wall Street Memes (WSM) tokens, you can use a crypto wallet such as MetaMask or Trust Wallet. Here are the steps:

  1. Create a Wallet: Set up a MetaMask or Trust Wallet account. This will provide you with a secure digital wallet to store your WSM tokens.

  2. Add Funds: Add Ethereum (ETH), Tether (USDT), or Binance Coin (BNB) to your wallet. These cryptocurrencies can be purchased from a crypto exchange or directly within many crypto wallets.

  3. Connect to Wall Street Memes: Connect your wallet to the Wall Street Memes website (wallstmemes.com). This will allow you to purchase WSM tokens using your wallet.

  1. Buy WSM Tokens: Swap your ETH, USDT, or BNB for WSM tokens on the Wall Street Memes website. The amount of WSM tokens you will receive will be displayed before confirming the buy order.

  2. Claim Tokens: Once the presale concludes, connect your wallet to the Wall Street Memes website again. Your purchased WSM tokens will be transferred to your wallet.

  3. Secure Your Wallet: Keep your wallet backup phrase (seed phrase) and any other passwords or two-factor authentication secure and do not share them with anyone. Losing access to your wallet or being compromised by phishing links may prevent your WSM tokens from being claimed.

How to buy Wall Street Memes?

To buy Wall Street Memes (WSM) tokens, follow these steps:

  1. Get a Crypto Wallet:

    • Download and set up a crypto wallet like MetaMask or Trust Wallet. Ensure you have a secure wallet and keep your seed phrase safe.
  2. Fund Your Wallet:

    • Buy Ethereum (ETH), Tether (USDT), or Binance Coin (BNB) from a crypto exchange like Binance. These will be used to swap for WSM tokens.
  3. Visit the Wall Street Memes Website:

  • Go to the official Wall Street Memes website (wallstmemes.com) and connect your wallet to the site.
  1. Swap for WSM Tokens:

    • Enter the amount of ETH, USDT, or BNB you want to swap for WSM tokens. Confirm the transaction, and the tokens will be transferred to your wallet.
  2. Claim Your Tokens:

    • After the presale, connect your wallet to the Wall Street Memes website again to claim your tokens.

Alternatively, you can also buy WSM tokens on various centralized exchanges like OKX, Gate.io, CoinW, MEXC, and LBank.

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History of Wall Street Memes

Wall Street Memes (WSM) is a cryptocurrency that emerged as a tokenization of the retail movement against Wall Street's orchestrated monopoly of financial markets. The project was born out of the Wall Street Bets movement, which gained popularity during the GameStop incident in 2021. This movement aimed to democratize finance further in the world of crypto by empowering ordinary individuals to challenge traditional financial structures.

WSM was launched in September 2023, with an initial coin offering (ICO) that raised over $25 million. The token distribution was designed with long-term utility in mind, allocating 50% to presale traders and the remaining 50% for community incentives. This allocation aimed to promote balanced growth and ensure the token's sustainability.

The token quickly gained traction, boasting robust trading volume and a large following. It has been listed on various cryptocurrency exchanges such as Binance, Uniswap, and SushiSwap, making it accessible to traders and investors. The WSM token is an ERC-20 token, compatible with many cryptocurrency wallets that support this token standard.

The project has a strong focus on community engagement, with a large following and high social engagement. It has also launched a casino where token holders can spend their tokens to earn rewards. Additionally, token holders can stake their tokens to earn staking rewards.

WSM has experienced significant price fluctuations, reaching an all-time high of $0.076991 in September 2023. However, it has also faced price retracements and has been trading sideways with no particular gains or losses. Despite this, the project remains popular, with a large search volume on Google and a strong community backing it.

Overall, Wall Street Memes represents a unique blend of finance, humor, and the power of online communities. Its mission is to empower the everyday individual and disrupt the traditional financial landscape through the power of memes and decentralization.

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How Wall Street Memes works

The Wall Street Memes (WSM) crypto token operates on the Ethereum blockchain as an ERC-20 token. It has a total supply of 2 billion tokens, and its smart contract includes features like auto-burn and liquidity pool contributions. This makes it not just a meme token but a well-thought-out crypto asset with potential utility.

Tokenomics and Staking

The tokenomics of WSM are designed to encourage both trading and community participation. The project allocates its funds into three main categories: marketing (50%), community rewards (30%), and liquidity (20%). This structure aims to support the growth of the token and reward its holders.

WSM also offers a staking mechanism, allowing holders to generate passive income. The current annual percentage yield (APY) for staking is 50%. This feature adds an extra layer of engagement for token holders and incentivizes them to participate in the project's ecosystem.

Buying and Trading

To invest in WSM, users can connect a crypto wallet to the official website and swap ETH, USDT, or BNB for WSM tokens. Alternatively, they can use a bank card to purchase tokens directly. The project emphasizes the importance of using official links and keeping wallet backup phrases and passwords secure to avoid phishing scams and ensure the safe transfer of tokens.

Community and Legitimacy

The Wall Street Memes project has a strong community backing, with over a million followers across various social media platforms. This community involvement goes beyond mere numbers, as it includes influential figures like Elon Musk, adding a layer of celebrity endorsement. The project has undergone audits to ensure the security and transparency of its smart contracts, which helps establish its legitimacy in the crypto market.

Market Analysis

WSM has shown remarkable growth, with over $25 million raised during its presale phase. Its market performance is closely watched, and its upcoming listing on a tier-1 centralized exchange is expected to be significant. The project's ability to harness the power of memes to unite and inspire its community sets it apart from other meme coins and positions it for potential long-term success.

Overall Functionality

In summary, the Wall Street Memes token combines the power of memes with a well-designed crypto asset. Its tokenomics, staking mechanism, and strong community support make it an attractive option for investors. As the project continues to grow and expand, its potential for utility and market impact increases, solidifying its position in the crypto market.

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Wall Street Memes's strengths

The token Wall Street Memes (WSM) has several strengths that contribute to its potential success and appeal:

  1. Community-Driven: WSM is designed as a community-driven cryptocurrency, which means that its development, direction, and adoption are influenced by the community of users and stakeholders. This allows participants to have a say in the token's future through governance mechanisms and community consensus.

  2. Strong Online Presence: WSM has a significant online presence, with over 1.1 million dedicated members on social media and its association with the WallStreetBets subreddit, which has more than 14 million active users. This large and engaged community can drive adoption and growth.

  3. Unique Features: WSM has several unique features that set it apart from other meme coins. These include community rewards for staking, governance, and meme creation, as well as an automatic burn mechanism that reduces the overall supply, potentially increasing prices. Additionally, WSM contributes to liquidity pools, ensuring ample liquidity for traders.

  1. Blockchain Security: WSM operates on the Ethereum blockchain, which provides a secure and reliable foundation for the token. This allows WSM to leverage Ethereum's security, smart contract capabilities, and wide adoption.

  2. Tokenomics: WSM's tokenomics are designed to empower the community, with a total token supply of 2 billion. The token's utility extends beyond mere ownership, as holders can stake their tokens, earn rewards, and participate in governance votes.

  3. Decentralized Applications: WSM is being used as the foundation for various decentralized applications (dApps), such as a social trading platform and a meme marketplace. This expands the token's utility and potential use cases.

These strengths position WSM as a community-focused, decentralized, and innovative cryptocurrency with significant potential for growth and adoption.

Wall Street Memes's risks

Wall Street Memes (WSM) carries several financial risks that potential investors should be aware of. One major concern is the lack of transparency regarding the founders and team members behind the project. This lack of transparency raises questions about the legitimacy and accountability of the project, making it difficult for investors to trust the management of their funds.

Another risk is the potential for pump and dump schemes. Some critics argue that the project's marketing strategies, including sponsorships with YouTubers, may be misleading and designed to artificially inflate the token's value. This could lead to a sudden drop in value once the creators sell their holdings, causing significant losses for investors.

Additionally, the project's risk rating from InvestorsObserver is average, indicating that it is susceptible to manipulation by limited trading. This means that a small amount of money can significantly impact the token's price, making it vulnerable to market volatility.

Lastly, as with any cryptocurrency investment, there is always a risk of rug pull, where the creators abandon the project and sell their holdings, causing the value to plummet. This risk is heightened by the lack of transparency and questionable practices surrounding Wall Street Memes.

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Did Wall Street Memes raise funds?

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Wall Street Memes’s team

  • Team Members:
    • Community Founders: The team behind Wall Street Memes includes the founders of the Wall Street Memes community, which emerged from the meme stocks movement and has a strong social presence with over 1.1 million followers across various platforms.
    • Casino Developers: The team also includes the developers responsible for creating the Wall Street Memes Casino, which offers a wide range of games, sports betting, and live casino experiences, all integrated with the $WSM token.
    • Marketing and Influencers: The team has connections with various crypto influencers and analysts who have promoted the project, such as Michael Wrubel and Jacob Crypto Bury, who have highlighted the potential of the $WSM token.
    • Content Creators: The team includes content creators who produce articles, videos, and other media that engage the community and promote the project's values and offerings.

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