Dearest community, here we are again with the usual Token Review appointment; this time we are talking about the meme coin that is populating all the industry news outlets.
The setup of the meme is, in principle, identical to the others: you buy the token, and immediately put it into staking to activate its productivity.
On marketcoincap, we can see the pairs that originate the rewards that will then be divided into percentages of the pool.
In the screen we see the trading pairs of decentralized exchanges; as for CEXs, which are a multitude, the pair is only WSM/USDT.
In addition to staking, token burn is also possible, to manage the total supply.
Unfortunately, there is no trace of how tokenomics works, as there is not even a Whitepaper.
Although a the crypto content is really low if any, what was taken care of with some effort was the establishment of the community.
As I have repeatedly said, the lifeblood of meme coins are the community; in this case we can say that it is very well structured.
In addition to following classic social channels, a purely professional blog is also used: Medium.
In fact, on Medium they publish periodically (every Friday) the growth situation and the news that the team has in store.
It is interesting to point out that much of the community comes from GameStop, and is nicknamed the "Degenerate" community.
The purpose with which this meme coin was created, is to give even "complete strangers" in the financial field the opportunity to be able to invest a few dollars and have the satisfaction of being able to increase them without being professional traders.
In parallel to the simple meme, Wall St. is also a Casino, where you can play, again using the token.
They also organize airdrops with some pretty big numbers, the last one was $50,000 with the selection of 5 winners to whom $10,000 in $WSM tokens will go.
Not bad, right?
This innovation is a propellant for having more tokens in circulation with the consequence of keeping the price action active.
Otherwise everything remains the same, once the wallet is connected to the site, we proceed to purchase the tokens and then lock them in staking.
Also through the wallet, it is possible to burn the tokens that we deem correct.
Note that in order to proceed with the burn, one must also have some fraction of an eth to pay the fees.
As with BtcMinetrix, there is a graph showing the amount of tokens issued in the current month. This graph has a time forecast of 3 years (December 2027)
There is not much left to say, although for this project, the vital part is taken care of very precisely.
I leave you with the usual disclaimer
The project is extremely limited and without any real crypto foundations that can give it value and a chance of life in the long run, so I recommend that you spend very little money, if at all, not even think about it.
The graphs speak for themselves!
Until the next token review!
