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About Cheems
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Launch Date:
May 12, 2021 -
Total Supply:
2,442,053,007.39 CHEEMS tokens (initially 7,000,000,000) -
Circulating Supply:
2,389,036,004.95 CHEEMS tokens -
Airdropped Tokens:
2,073,700,785.132 CHEEMS tokens (84.92% of total supply) -
Remaining Distribution:
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Liquidity Provision (LP):
92,088,055.565 CHE
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About Cheems: Unlocking the Power of Community-Driven Innovation
Introducing Cheems (CHEEMS): A Comprehensive Overview
Launched on May 12, 2021, this pioneering Cheems-themed memecoin has successfully leveraged the global phenomenon of the world-famous Cheems meme. At the heart of Cheems lies a lovable Shiba Inu named ‘Balltze,’ whose irresistible expressions and playful linguistic distortions, often involving the suffix ‘-m,’ have enthralled internet users worldwide. As one of the inaugural memecoins on the Solana blockchain, Cheems has established a significant foothold in the meme-based cryptocurrency market. Notable spin-offs include Bonk, a later meme featuring Cheems being struck on the head with a baseball bat, which emerged in late 2022. Cheems embodies a vibrant community of free-spirited individuals who cherish free speech and challenge conventional norms. The enduring presence of Cheems in a market where many memecoins rapidly fade away underscores its significance not only as a meme but also as a resilient and influential entity in the cryptocurrency landscape.
Furthermore, Cheems fosters a culture of innovation within its community, giving rise to a diverse array of projects that place the token at the epicenter of a thriving economy. Notably, Cheems Arena, a video game inspired by the meme, has garnered significant attention for its creativity and entertainment value. Moreover, projects such as the sex.sol casino and The Jeets Protocol, which aims to harness the potential of third-world countries to propel Cheems to unprecedented heights of $1, exemplify the community’s unwavering commitment to pushing the boundaries of Cheems’ utility and reach beyond conventional limits.
The Visionaries Behind Cheems: Unveiling the Founding Team
The enigmatic founder of Cheems token, known by the pseudonym SatoCheems, remains shrouded in anonymity, yet actively engages with the crypto community. Identified by the Twitter handle @K3RMITCRYPTO, SatoCheems initially introduced Cheems as a humorous aside on Twitter in April 2021. However, the overwhelming response from the Solana community prompted SatoCheems to transform the idea into a tangible project. SatoCheems has been dedicated to fostering decentralization within the Cheems ecosystem, actively involving and empowering the community. By choosing to maintain anonymity, SatoCheems aims to reinforce the notion that Cheems is controlled by its entire community rather than a single founder. This deliberate decision underscores the project’s commitment to decentralization and community-driven governance. Similar to Bitcoin’s enigmatic creator Satoshi Nakamoto, SatoCheems’ anonymity adds an air of mystery to the project’s origins. While the true identity of SatoCheems remains undisclosed, their dedication to building a decentralized and community-driven platform aligns with the ethos of cryptocurrency innovation. This approach has sparked speculation within the community regarding whether SatoCheems is an individual or a collective entity, further emphasizing the project’s focus on community ownership and participation.
The Circulating Supply of CHEEMS Tokens: A Closer Look
Launched on May 12, 2021, the CHEEMS Token debuted with an initial total supply of 7,000,000,000 tokens, minted at genesis. Subsequently, the total supply was reduced through a burning process, resulting in the current total supply of 2,442,053,007.39 CHEEMS tokens.
Allocation Particulars:
Airdropped to the Solana community were: * The inaugural airdrop, reserved for early Solana members, which saw 4,596 members receive a total of 369,685.767 CHEEMS tokens. * The subsequent airdrop, catering to later participants, which benefited 2,025 members with 185,000 CHEEMS tokens.
A cumulative total of 2,073,700,785.132 CHEEMS tokens has been airdropped, representing a substantial 84.92% of the overall token supply.
Remaining Distribution: * Liquidity Provision (LP): 92,088,055.565 CHEEMS tokens, accounting for 3.77% of the total. * Marketing: 92,088,055.565 CHEEMS tokens, also representing 3.77%. * Original Contributors: 184,176,111.129 CHEEMS tokens, comprising 7.54% of the overall allocation.
In the aftermath of a wallet security breach affecting the Solana network’s Slope wallets, a total of 53,016,002.44 CHEEMS tokens were frozen as a precautionary measure. Notably, this incident was not a targeted attack on CHEEMS, but rather a broader issue affecting the Solana ecosystem as a whole. The freeze was implemented to safeguard community funds and mitigate potential losses. Following the resolution of the security concerns, the CHEEMS team has since renounced the freeze authority, thereby enhancing the decentralization of the token and empowering the community with greater autonomy over its assets.
Thus, the actual circulating supply amounts to 2,389,036,004.95 CHEEMS.
Acquiring Cheems (CHEEMS): A Comprehensive Guide to Purchasing Options
$CHEEMS is now accessible for acquisition on a multitude of decentralized exchanges operating on the Solana blockchain, featuring prominent platforms such as Jupiter, Orca, Raydium, and many more.
Will CHEEMS Soar to $1?
Notably, with a total supply of 2,389,036,004.95, attaining a valuation of $1 would translate to a market capitalization of approximately 2.38 billion. For context, Dogecoin’s market capitalization peaked at 82.36 billion in 2021.