I've been around crypto long enough to see the same cycle over and over again.
A new token launches.
The team talks about “community.”
Everyone starts posting memes.
The chart goes up.
People start calling each other diamond hands.
Then someone sells, liquidity dries up, the hype disappears and everyone moves on to the next ticker.
That's what made $MOD/RDDT interesting to me.
The idea isn't that it's some magical token that's going to make everyone rich overnight. The project is basically an experiment around Reddit itself and what could happen if a meme community actually tried to build something over a much longer time horizon.
One of the things that stands out is that the initial buy representing 30% of the total supply is locked until 2094.
Yes. 2094
I won't be around to complain about the chart by then.
There is a 3% transaction fee. This fee is redistributed to the holders through Reddit stock.
And eventually the community could potentially become an actual shareholder of the company that hosts the communities in the first place.
r/MODonSTONK
CA: ALkjaLLimubuom1kEqhtBbggTSz2vLG8FavDX2vdKuqD