MILADY MEME TOKEN

Overview

Milady Meme Token ($LADYS) is a meme cryptocurrency launched in May 2023 on the Ethereum blockchain. The token is inspired by and features the Milady NFT collection artwork, though it operates independently from the original NFT project.

Purpose and Utility

The token primarily functions as a community-driven meme token, with no explicit utility beyond serving as a tradeable digital asset. While it doesn't claim sophisticated technological features, it operates as a standard ERC-20 token enabling peer-to-peer transfers and trading.

Business Model and Operations

The token operates on a simple model of free market trading and community engagement. There are no lending, staking, or interest-bearing components to the protocol. The project focuses heavily on social media presence and community building.

Token Distribution

The token launched with no pre-sale and claims to have no team allocation. 69% of the supply was sent to the liquidity pool on Uniswap, with the remaining 31% burned at launch. The contract is renounced, meaning the developers cannot modify the token's code or distribution.

Development and Community Activity

As a meme token, development activity is minimal since the smart contract is renounced. Community engagement occurs primarily through social media channels and third-party exchanges where the token trades.

Current Usage

The token is primarily used for trading on decentralized exchanges like Uniswap and has been listed on several centralized exchanges. There is significant daily trading volume, indicating active market participation.