OG Dev launched the Secret Society coin at 1-2k mcap and promised a vision of a new kind of exchange which could revolutionize the DEX market. Initial liquidity was 100% burned and the Contract renounced + 0% tax.
So from a Blockchain point of view, the project was kind of safe and an earlier scam was unlikely. Thus an incredible Community was formed and pushed the project hard. The Token reached 1.5 mm cap in only a few days.. the low liquidity was a reason for it and also a reason for the harsh collpase. Besides a Video where the original Dev was providing some coding which looked like a work for an exchange it looks like he wasnt able to provide more and sustain the high price. Due to the sharp rise the price was already falling, while the original dev most probably deceided to sell.
Three independent Wallets sold for a huge amount of coins at a mcap of 300-500k, they bought at the start of the stealth launch, but not as one of the very first wallets who bought cheap. All these wallets had connections to other rugged projects, but no connection to the deployer Wallet. After that and during the night all Socials were deleted at once and the price tanked to 30k mcap. Some malicious community members created a second tg group, most probably for the reason to get a relief bounce and sell their stacks. During this time the Deployer wallet started buy back coins and burn them all i ntotal 7-8% which was about an invest of 1.2 ETH. Strange.. What happend after the bounce was that the price went back close to zero and there was for some time very less activity. But some of the strong community people still believed in the orignal vision and didnt want to let this project just drop. The inital pump and then dump lead to the fact that a lot of guys who bought very early at stealth launch prices left and no big wallet were invested in the coin for a cheap price. Also lot of people who invested at very high mcap just stayed and wont sell their bags for pennies.
So in effect this whole pump and dump created by the old dev helped to have a much better distribution of the coins and devided the typical stalth launch hunters aka paper hands from the Diamond hands. The price never went under 15k mcap after the big fall and not colse to launch prices. Thus a community team formed who wanted to revive the coin. Some crypto veterans and also a Dev from the corporate world. The web3 decentralized Team was born and started working on their own vision by building on the old contract with the help of the old community which was still there.
The Revival
The new Team so far is all open for transparency and provide only a high quality of work. They don't promise unrealistic things which are a dream to have but not realizable, like the old Dev promised.
During a short time of 2 Weeks they already come up with a new idea and roadmap and also talked about how they are planning to build it technically.
The price is now slowly recovering from the 15k mcap local bottom and reached 200k mcap. During the rise there was a lot of additional liquidty provided and the communityfund even locked it for 1 year. The growth is much more organic and stable now compared to the first run.
Community Fund added Liq and locked for 1y:
https://etherscan.io/tx/0xd70ba0b69cfbc47760b1cdeccd107c0e9c7237befa58a4ae7fc0324b0648cc76800k $ Wallet added liq:
https://etherscan.io/tx/0xf876bf6f9a4ec2ca173aabd8925163a0ba46140d544f65f8055935ed7e8d9ae56m $ Wallet bought 2% of the Supply. It rarly buying or selling anything:
https://etherscan.io/address/0xd77ec325b2028afba55c1dfb4a8fe08a22c80550Roadmap/Progress Report
The Revival of the Secret Society
Secret Society will revolutionize DEX trading! For this purpose, a UI is being developed that uses a new form of visualization to easily provide information at a glance to the trader. (MVP)
We will build a unique one-stop-shop solution for the DEX trading experience of all the decentralized finance users! Revolutionary new dashboard, guaranteed best prices, limit orders and more to follow!
The future of crypto trading is now!
Community Fund Wallet created ✅
Buyback & Burn ✅ more to come
Additional Liquidity locked 1y ✅ provide more LP as we grow
Dev Video explaining MVP 09/22
Sticker 09/22
Update Dextools 10/22
Website Upgrade 10/22
Dev Progress Update Video 10/22
Apply CG/CMC 10/22 or 11/22
Dev Progress Update Video 11/22
MVP launch 12/22
DAO/NFT Q1/23 - Q2/23
Extending MVP Q1/23 -onwards
We are the Secret Society - Unstoppable. More secrets will be revealed soon.
The Secret Society stands by its word. Although we are working in the background, we stand for honesty, clarity and kept promises.
We let our actions speak for themselves! Join the Secret Society now!
I think this project can make a real come back and even growth furhter. The qaultiy i saw from the Community team so far is amazing and their product idea looks interesting.
As far as i know is a Website overwork planned for the next days and the main idea will be presented in a better way.
I wish it success and then this whole project would an amazing web3 story, which tells people that the community is always the most important factor and if the community is able to come teogehr and build they even can bring a project back!
Links:
Societyswap.comSecretSocietyswap.iohttps://www.dextools.io/app/ether/pair-explorer/0x92F46887eE6681d1c7bB11CD2b8d464be4CefCd8https://t.me/SecretSocietyToken