Wall Street Memes

Project Overview

Wall Street Memes (WSM) is a meme cryptocurrency launched in 2023, building on the success of the @WallStreetBets social media movement. The project aims to capitalize on retail trading culture and meme investments through community engagement and social media presence.

Purpose and Utility

The primary stated purpose of WSM is to serve as a community token celebrating retail trading culture. The token provides governance rights over a DAO treasury and access to exclusive NFT collections. Additionally, holders can stake their tokens to earn rewards from the protocol.

Business Model Evaluation

The project operates primarily as a community-driven meme token with basic utility features. The core functionality involves token trading and staking. There are no apparent elements involving prohibited activities like gambling, interest-based lending, or adult content.

Real World Adoption

WSM has gained significant social media following and trading volume across major exchanges including OKX, MEXC, and Gate.io. The staking program has seen considerable participation from token holders.

Platform Development

The project maintains regular development updates focused on its staking platform and NFT initiatives. The team actively engages with the community through social media and continues to expand trading pair availability.

Token Distribution

Total supply is 2 billion WSM tokens. The distribution includes allocations for marketing, liquidity provision, and team tokens with standard vesting periods. Team tokens are subject to a vesting schedule to prevent immediate selling.