Memeingful Tokens EP5: $EXY, Fin of a Flywheel
Just a couple of days ago, a new meme token on Alephium called $EXY did a quick 100x from its launch price. Seeing this spike on the charts, you might find yourself wondering: what exactly is this token, and what fuelled such a rapid rise?
The concept behind $EXY is simple yet powerful: to drive attention to Elexium Finance and create a “flywheel” effect that benefits buyers, stakers, bribers, and voters, all propelled by the unique appeal of meme tokens. In theory, this should in turn, boost both the total value locked (TVL) and trading volume on Alephium.
This model is fresh and unprecedented, potentially setting a new standard for meme tokens on Alephium.
While it’s true that most meme tokens are designed to increase TVL and trading activity, this new idea was built to propel an existing dApp even further, making it, indeed, an integral part of this ambitious flywheel.
So, what’s the formula behind a 100x meme token on Alephium? Is there a “secret sauce” to this success? The best way to find out is by asking the creator himself!
Let's dive into the interview.
Hello, can you tell us who you are, what you do in real life, and what your roles are in web3?
My name is Ron. I'm 25 and a recent college graduate with a Masters Degree in Economics. My full-time job is Web3/Crypto. I have a lot of roles around the Kadena and Alephium Ecosystems. In Alephium, I'm an Ambassador for the Blockflow DAO, a Community Team Member for AYIN DEX, a consultant for Doh.Money, a free-lance beginner developer (mainly front-end), and an influencer.
Let’s start with the basics. Could you explain what Sexy Pepe Alph is and what you are building?
Sexy Pepe is a memecoin on Alephium, but not just any memecoin. It's the first memecoin to launch on Elexium Finance, which is why I chose the ticker $EXY. Furthermore, its the first token on Alephium to set a share of it's supply aside for veDEX Bribes. I think a more fitting name for it would be a veMemeCoin (vote-escrowed memecoin).
How did you come up with this idea of bringing attention to Elexium Finance and rewarding holders and stakers with bribes, etc.?
I was hanging out in the Elexium Finance Telegram celebrating the launch, enjoying the community trying to understand how it all worked. A community member with the username @alephiumiuns said "Who will launch the first meme coin on Elexium"? I quicky made some jokes about it, but then I saw an opportunity. I always loved the memes that Dr Jekyll used around Elexium Finance like "Sex Dex" and "Sexium", so I acknowledged that Pepe was one of the greatest memes ever, and Sexy Pepe would be fitting. From there, I realized a fair and trusted memecoin launch could help add some excitement to the new DEX, while also using their amazing technology to sustain the LP Pool, Volume, and Rewards.
Can you share with us the “secret sauce” to a 100x launch?
Three things come to mind: fair-launch, trust, and low initial market-cap. I considered an AlphPad launch, but decided I wanted to keep it fair and not take any funds from the community. I am the only team member, and I made sure to keep it 100% fair by not allowing any private sale, LP donations, or gifts to anybody. As far as trust goes, I feel that my reputation and influence around the Alephium ecosystem has helped a lot. Finally, with a starting market cap of roughly $600 USD, it’s pretty easy to 100x to a 60k market cap.
Could you share some of the plans in place for the next few weeks or months and your long-term plans for SEXY PEPE ALPH?
The past few days I have been taking feedback from the community and developing whatever they want. They wanted a Telegram, so I made one. They wanted a Price chart, so I made one. This is how the near future will be. Anything I can do to benefit the community and the $EXY token, I will do. We have 11% of our supply set aside for Elexium LP Bribes, which is scheduled to slowly decrease each week for 31 weeks. With the votes we receive, I'll earn $EX rewards from staking the project's liquidity. I'll use 100% of these rewards to do buy-backs and burns of the $EXY token. I'm also thinking of some contests/giveaways to do with our Treasury tokens. Finally, I have a hidden utility that I'm working on with a very trusted community developer and member of the Blockflow DAO.
How can interested users get involved or contribute to this project?
Join our Telegram. We have a lot of fun there, and a lot of information can be found there. Our website is also a good source of information. Most importantly, users can use their $EX locks to vote for our LP Pool, and then provide LP to it. If they want to be extra helpful, they can provide bribes to our pool as well.
Could you offer some words of wisdom to our readers to help them navigate the crypto space?
This space moves extremely fast, so take it one day at a time. I think each day the best thing you can do is push yourself to learn something new about the technology. Ask questions, be active, do research, and make friends. At the end of the day, we are all people, not just Telegram profiles.
Last question, with only a 69k market cap, can it achieve another 100x, making it the very first 10,000x move on Alephium?
I will tread lightly as to not give financial advice, but that would be a marketcap of $6.9m, which is extremely possible if you look at what some Solana memecoins have done. We've already had some tokens in the Alephium ecosystem achieve a higher marketcap than that, so I think it can happen. Once the flywheel starts turning and LP Staking APRs kick in, we'll see some real traction.
Ron, thank you for your time today.
Mowreez, thank you for this opportunity, and everything you do for this ecosystem. $ALPH to the moon!
To learn more about the project, follow them on their socials:
Twitter: x.com/sexypepealph
Telegram: t.me/sexypepealph
Website: sexy-pepe.xyz
You can also view this article on X. Be sure to like and share. Cheers! 🥂
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