ðī$PUUSH Token
puush da button - a web3 origin story
Last updated
puush da button - a web3 origin story
Last updated
$PUUSH is the Boomer Squad team built meme token and closely tied to our community & ecosystem. It is one of the first (ever!) actively deflationary meme tokens with the backing of the puush.fun platform. Fees raised from the puush.fun platform are used for $PUUSH buy back and burns along with platform and product development.
The $PUUSH launch was quite an adventure and we've included both the technical details and the story below. just $puush da button
Contract Address: 0x288898a6057d2D4989c533E96Cb3bc30843c91D7
Launch Date: April 29th, 11 AM EST 2024
Supply: 8,000,000,000,008
Dev Allocation: 8%
Liquidity Pool Burned: https://cronoscan.com/tx/0x12700d4bfae3e357b2ad2f8e968a85e0a846766a3a1aa8269a428c4ad0fb6955
Our launch was done on the Ebisu's Bay DEX. It was a pure fair launch as defined by web3 - the contract address information was released 5 minutes prior to the LP being formed and off it went. On the initial release, a sniping whale managed to purchase approximately 30% of the total supply in their first few transactions, spending approximately 60K USD. They proceeded to create a tremendous amount of sell pressure on the token for the few days.
On the 2nd day, the whale sent us an on block message which was found by a community member by the name of SalVader.
Despite the whale's words of encouragement, the amount of sell pressure they were throwing at the token was simply too much and many people were panicking/afraid to join in because of it. The airdrop to CAW holders also made others suspicious - this is often called a Dust Attack in web3 to draw in users and usually scam them with a fraudulent contract somehow. So while the whale's intentions seemed good, they were taking steps which were alarming a lot of users away from $PUUSH. We felt we had to take action somehow. Many were claiming the BoomerSquad team were secretly responsible for this, fudding on socials etc.
We wanted to talk to the whale.
Our first attempt was to return the blockchain message with one of our own. This was ignored - turns out the whale never noticed it. While we were waiting for a reply, we went to work sleuthing through the blockchain to try and track down the whale and contact them directly.
This was no easy task - this group are very active on the chain and it required extensive time and technical acumen to track it all down. Without going into specifics, we were ultimately successful and managed to get in contact with them. We brokered a deal with the whale. They returned most of the supply that they had left (at this point they had about 10% from 30% remaining after selling quite a bit). They followed up our meeting with another on chain message sent:
And that about wraps it up.
Here we are.
Active on socials? Come be part of our amazing community! We're out there every day with you just as we have been for the past 2.5 years. We've implemented the use of FlipGuard, a great tool for community and socials engagement.
