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As much as people love them most memecoins don’t have any utility. They can be fun. They bring people into crypto. But ultimately it is hard to justify hanging on to something that has no intrinsic value. A picture of an animal with no use case is only going to go so far. But one memecoin is changing all of that. HUNDRED coin.
First of all HUNDRED introduced an entirely new concept to crypto. POW proof-of-wait
When you buy HUNDRED, you must wait at least 100 HOURS before you can sell it. And after you sell it, you cannot buy it again for 100 HOURS. The result is hyper growth since it launched in May. Despite being under the radar (this is the first 3rd party article ever written on HUNDRED) HUNDRED is still near ATH which no other memecoin can say during this bear market.
It’s all in the code. When you buy or sell a timer is placed on your wallet. It doesn’t affect your ability to transact with anything else. You cannot swap move or transfer HUNDRED for 100 HOURS. Not only does this attract more patient crypto investors, it makes the developers much less likely to rug. Many memecoins are here and gone in a few days. Developers or early investors dump when the price jumps discouraging new investors from coming in and the devs run off to simply create a new scam. How is this good for crypto? Perhaps this is why many people have left crypto and not come back.
These types of pumps and dumps are less likely with HUNDRED since everyone, including the devs, must hold for at least 100 HOURS. Notably the dev wallet for HUNDRED has zero tokens. If tokens were to be moved to that wallet they would be stuck there for 100 HOURS allowing other holders to make a decision on whether they want to continue holding.
RARE TOKENOMICS
There are 101 BILLION tokens.
90 billion were put in the LP. 5 billion will be used for airdrops to the community for hitting certain milestones. And another 5 billion are set aside for exchanges that want to list HUNDRED. Only 1% of the tokens have been set aside for the dev team. Those tokenomics are unmatched by any other project as most TEAMS want to keep as many tokens as possible. The value of the airdrop grows dramatically which also encourages investors to hold. The first airdrop happened at 1 million marketcap and the next one will happen at 10 million marketcap.
A UNIQUE BRAND
Rather than copying from a copyrighted image the HUNDRED team also produces completely original artwork that they post on their social media pages. Everything is original.
What they’ve introduced is incredible. It’s the first kind of crypto certificate of deposit done in a decentralized way. Traditional CDs are held by a financial institution, usually a bank. If something were to happen to the bank your certificate of deposit could be void. This way your tokens are in your wallet. You can see them. You just can’t move them.
HUNDRED could very well become the self custody crypto CD.
Bots specifically sandwich bots are also prevalent in crypto. Over 50% of DEX volume is bot volume like the one from jaredfromsubway.eth
Because of the code you cannot sandwich bot HUNDRED. The result is less volume, but cleaner trade lines since there is no manipulation. Bots are also counted as “holders” and as such many crypto projects have a high number of holders relative to their marketcap. For example there are crypto with less than 100K marketcap with 11,000 holders. To put that in perspective PEPE had about 10,000 holders when it reached 1 billion marketcap. Every HUNDRED holder is a real holder thus the numbers are much smaller. Which indicates just how much HUNDRED could grow. The devs are anonymous but the Twitter and Telegram groups are very active.
HUNDRED COIN is available on both BSC and ETH with different prices since there is no centralized exchange yet. If there is ever an exchange the prices between the chains should match more closely.
You can read more about HUNDRED COIN on their website and visit their socials.
Awesome, I want to have this coin in my portfolio.