Article Summary, Automatically Generated By AI
Summary of USDEBT
Key Points
- USDEBT is a social cause and economic meme token that raises awareness about the escalating U.S. national debt.
- Founded by Alvin Tanpoco and a team of seasoned Fintech veterans with over 100 years of combined experience.
- Launched on May 19, 2023, on the Ethereum blockchain with a fixed maximum supply of 32 trillion tokens, corresponding to the U.S. national debt at the time.
- USDEBT is the first combined social cause meme token and the first economic meme token.
- The token is deflationary, with a fixed supply serving as a marker to highlight the U.S. national debt.
About USDEBT: Empowering a New Era of Decentralized Finance
What is USDebt?
Introducing USDEBT, the pioneering social cause and economic meme token that tackles the pressing concern of the escalating U.S. national debt and its profound impact on the crypto landscape. By harnessing the power of satire and humor, USDEBT sparks a sense of community engagement, encouraging individuals to raise their voices and share vital information. Born on the Ethereum blockchain on May 19, 2023, USDEBT is poised to ignite a movement.
The Visionaries Behind USDebt: Meet the Founders
At the helm of USDEBT is Alvin Tanpoco, a seasoned Fintech veteran with over two decades of experience. His illustrious career spans R&D, Product Management, and a stint as VP of Business Development at a leading provider of high-performance electronic trading software. Notably, Alvin is also the primary founder of PriceChain Labs Inc., a pioneering endeavour that harnesses the power of cryptocurrency to revolutionize the tracking of consumer-related prices and inflation, thereby providing a scalable solution.
The founding team of USDEBT boasts a roster of seasoned veterans from the Fintech industry, bringing a wealth of experience in leadership, research and development, software development, business development, sales, and trading. With a collective total of over 100 years of relevant expertise, the founders leveraged their extensive knowledge to develop and launch USDEBT.
The concept of USDEBT was born unexpectedly while Alvin and his fellow founders collaborated on the PriceChain Labs project, laying the groundwork for a novel innovation.
What Sets USDEBT Apart?
USDEBT pioneers the concept of a combined social cause meme token, distinguishing itself as the inaugural economic meme token. Unlike other meme tokens that derive value and entertainment from their connection to existing cultural phenomena, USDEBT takes a novel approach by creating and tokenizing an original meme, “USDEBT – #ItOnlyGoesUp!”, which leverages humor, satire, and sarcasm to convey a poignant message. This innovative approach sparks a community-driven conversation around the underlying serious social and economic issue, while also highlighting the benefits of cryptocurrency. In its initial phase, USDEBT’s utility is deeply rooted in its economic message, fostering meaningful discourse about traditional monetary systems and promoting awareness about the advantages of crypto.
USDEBT was introduced with a capped maximum supply, serving as a poignant reminder of the alarming escalation of the U.S. national debt. This deliberate design choice ensures that USDEBT is inherently deflationary, with a fixed supply that underscores the gravity of this pressing economic concern.
What is the Circulating Supply of USDEBT Coins?
USDEBT boasts a fixed maximum supply of 32 trillion tokens, mirroring the US national debt at the time of its launch. Notably, the deployer contract was sent to a null address, and the founding liquidity has been relinquished. (Renounce link) In the brief period since USDEBT’s inception, the U.S. National Debt has surged beyond $34 trillion, giving rise to a novel economic indicator: the USDEBT Gap, which represents the disparity between the current U.S. National Debt and the fixed supply of USDEBT.
What Secures USDEBT?
USDEBT is an ERC-20 token built on the Ethereum blockchain, which leverages the
security of the Proof-of-Stake (PoS) consensus algorithm. A decentralized network
of validators, each staking 32 ETH, collaborates to process transactions and
maintain the integrity of the network.
Where Can You Acquire USDEBT?
USDEBT is now accessible on Uniswap V2 and BaseSwap, seamlessly integrated into the Base Layer 2 chain.
Associated Resources:
Discover USDEBT at:
https://www.usdebtmemecoin.com/
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