Original - Odaily
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Today, MemeCoin Foxy on Linea announced its official currency issuance on the The increase is as high as 50 times.
Who is Foxy? Why was it announced that OKX would be listed before the currency was issued? To this end, Odaily elaborates on the past of the Foxy project and the standards for future airdrops.
Officially recognized by Linea, Foxy has excellent background
According to Foxy’s X platform account, the Foxy project was established on February 22 this year. Less than 4 days after its establishment, Foxy linked up with the Clutch project on the Linea network to launch Foxy NFT, which was minted for free through Clutch AI. And complete the corresponding tasks to get Linea XP. And then Linea officially tweeted it for reprinting.
However, in less than 6 days, the number of Foxy NFTs minted exceeded 500,000, and Linea officials issued multiple congratulatory messages.
From the current point of view, the Foxy team has outstanding capabilities. It has only been established for less than 4 days and can frequently interact with Linea officials many times. The fox pattern is the logo of MetaMask, and the teams behind Linea and MetaMask are both Consensys. The Foxy project must have borrowed This made the project very popular. At the same time, the gameplay of Foxy NFT allows the community to gather quickly, providing a certain community foundation for later currency issuance.
Then on March 21, Foxy retweeted Binance’s tweet, implying that the project has expectations for currency issuance.
On March 31, Foxy issued a notice announcing the currency issuance in April. Then on April 2, Foxy issued a document stating that 25% of the total token supply would be airdropped monthly. The April airdrop is for the top 100,000 addresses with the most interactions on MetaMask. According to the official details of this airdrop, the number of successful interactions is the measurement standard, and the snapshot time is April 4.
On April 9, Foxy issued a document stating that FOXY tokens will be simultaneously listed on OKX, Bybit, LineaBuild and LynexFi at 16:00 Beijing time on April 12.
On April 10, Foxy issued an article introducing the multiple airdrop standards for FOXY tokens. in:
First airdrop: 5% is used for the previous 100,000 MetaMask Swap users, and each eligible user will receive 5,000 FOXY (approximately $94.5);
Second airdrop: Airdrop for OKX KYC users. Participants will complete a series of tasks and receive airdrops if they meet the conditions;
The third airdrop: previewing airdrops to different communities in the Linea ecosystem;
Subsequent airdrops: including airdrops from previous NFT activities, etc., details have not yet been announced.
It is worth mentioning that according to Lookonchain monitoring, address 0x 348 spent 330 ETH to buy FOXY the first time FOXY went online, and then sold nearly half of the FOXY tokens on the chain, worth 336 ETH, making a profit of over 1 million. Dollar.
FOXY Token Economics
The total amount of FOXY tokens is 10 billion, and the token distribution is: 25% for community airdrop (MetaMask/Linea); 15% for seed round; 13% for team and support; 10% for market maker/CEX liquidity; 10% for future CEX listing %; consultants 6%; Ministry of Finance 6%; ecosystem partner rewards 5%; project and fund OTC trading 5%; DEX liquidity 5%.
After FOXY issued the currency and the price continued to rise, some KOLs posted articles questioning why Foxy did not give KOLs the quota they deserve.
However, from the perspective of token distribution, the official did not disclose relevant details, and it is not clear how the relevant tokens are unlocked. Here, Odaily reminds investors that the price of Meme coins fluctuates greatly, so please be aware of the risks.
