A new meme coin named Elon Rate is being created for high rise stakers who believe that a meme coin can also be a serious project.
Born in the Binance network, Elon Rate was created by a 23-year-old entrepreneur with the goal of creating the next big “meme coin” while also reducing the impact of Elon’s tweets on other cryptos.
Elon Rate’s bot will rate every single tweet made by Musk, in a scale from 0 to 100 (real quick) which will be displayed on the web page with its Elon-O-Meter. The visual scale goes from very bad to very good.
Meme coins have been on the rise and are all associated with internet jokes which all started with the Dogecoin, a coin that started as a joke and has grown impressively. Elon Musk is one of the most well-known fans of the coin which can even be used to buy a Tesla.
Meme coins are born as a joke and most of them don’t have a serious technological project behind to provide the much-needed support.
The project has a very well planed roadmap which consists of 4 phases: Zip2, PayPal, Tesla and Space X:
- Phase 1 (Zip2) aspires to a $3.5M stable market cap and a 2000 holder target while also building a community in telegram.
- Phase 2 (PayPal) has a more ambitious goal of $35M stable market cap with a 20,000 holder target while also getting some exposure on other social media like TikTok and Instagram.
- Phase 3 (Tesla) sets the goal to $80M stable market cap and a 75,000 holder target and a bigger following on the social media pages.
- Phase 4 (Space X) has the final goal of $330M stable market cap with a 150,000 holder target.
Finalizing its 4 phases, the coin is set to be listed on:
- COINGECKO
- HOTBIT.IO
- KUCOIN
- CRYPTO.COM
The project also contemplates creating a NFT collection. With it you will have the opportunity to own one of Elon’s tweets.
The project is focused on its community and has some fees set to ensure the token’s future:
- Liquidity Fee
- Recuring Buys
- Marketing Fee
- Ecosystem Fee
- Reflect Fee
