[ANN] Shitcoin 3.0 - First Parody Token on the First Parody Blockchain!

Quote from: john1010 on October 29, 2022, 06:15:04 AM

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Congrats on selling your SHITCOIN stash. You opened a dispenser with all the other tokens I gave you on a single address, so you sold everything all at once. Someone got a hell of a good deal. But in exchange you got 1616 Dogecoins, so congrats! Only took slightly over 1.5 years, lol.

Just deployed the ERC20 contract for the token bridge.

Feeling pretty fancy, NGL.

ShitcoinDAO CEO Turd Ferguson made another public statement on Twitter today, this time addressing the epidemic of fraudulent celebrity coins currently gripping the degenosphere.

"Now I may not be a celebrity or even a real person, but there's one thing I can't tell you: its that we ain't no rug," said Ferguson. "We launched almost 10 years ago and we ain't going nowhere. And you can hang your hat on that, jack," he added.

The long awaited SHITCOIN ERC-20 bridge has finally launched!! Shocked

https://shit.trading/

This means you can easily swap your SHITCOINs back-and-forth between Dogecoin and Ethereum networks at the drop of a hat.

A big yellow cowboy hat.

How It Works

The "bridge" consists of two addresses where SHITCOINs are locked, safeguarded by our advanced proprietary technologies: one Dogecoin address and one Ethereum address.
Users can utilize the bridge to "swap" Dogeparty SHITCOIN for ERC-20 SHITCOIN, free of charge.
After sending SHITCOIN to the bridge address, the user fills out the form on our website, proving they are the owner of the two addresses.
After submitting the form, it is hand-checked with love and care to assure that everyone knows what the hell they're doing and no SHITCOIN are lost (please allow up to 24 hours for processing).
If the form is filled correctly, SHITCOINs are magically transmogrified from one blockchain to the other!

Why Would I Want To Do This?

As a Dogeparty SHITCOIN holder, the bridge allows you to access new Ethereum-levels of liquidity. You can sell them via Uniswap or earn fees while adding liquidity to the pool!
As an Ethereum user, you can own a piece of early Dogecoin history! They can be redeemed at any time for Dogeparty SHITCOIN via the bridge, kept in the safety of your own Dogewallet. Who wouldn't want to own the first shit token (to be named SHITCOIN), after all...

Are There Any Risks Involved?

Yes! SHITCOIN could go to zero at any time. Additionally, there's a chance that our DAO loses access to the bridge address private keys, or I steal the bridged tokens, or that an appointed treasurer steals them. Basically, you'll have to just trust us. We feel this "manual bridge" approach reflects the purity of the SHITCOIN ethos, and we probably won't change it any time soon.

The Nitty-Gritty

Homepage on Dogermint: https://dogermint.com/shitcoin
SHITCOIN on Dogeparty: https://dogeparty.xchain.io/asset/SHITCOIN
SHITCOIN on Ethereum: https://etherscan.io/token/0x26a43d335f37b6d3cb31786b3e5601f87b690cee
SHITCOIN on Uniswap: https://app.uniswap.org/explore/pools/ethereum/0xD0aEDb5f0F33c12e5b3B70EB3d761dC47750b536
Our Liquidity Pool: https://app.uniswap.org/pools/744882

Now Start Shitcoinin' or Get Off the Pot, Today!

$1508.78 worth of trades in the first week of our Uniswap listing.

That's actually far less than were sold on the Dogeparty side, as strange as it may sound.

I learned a few important things about how liquidity pools work, at the cost of about $800... Its been quite a boot camp, "out of the frying pan, into the fire"-type experience.

Current liquidity pool stats

Total SHIT: 285,473
Total ETH: 0.082

The hardest part is marketing to the ETH people, and watching massive price differentials open up between the Dogeparty and Ethereum sides. You'd think this would create some kind of arbitrage opportunity and spur SHITCOIN holders into action, and indeed a few bridgers did take advantage of it. Would be much more compelling to ETH people if the price on Uniswap actually dropped lower than on Dogeparty, even if it wipes out all my ETH liquidity in the process.

Anyway.

Here's an update on the state of SHITCOIN, and a justification for why it rules (tl;dr: we're the best 'memecoin'):

Quote from: nutildah on July 07, 2024, 04:06:16 AM

Whats kind of funny is I'm primarily trying to market attraction to the ERC-20 version of the token, but meanwhile way more sales have been happening on the Dogeparty ($DOGE) side of thing:

I recently rebought 10k at the price I was selling them at, which is once again the floor price (currently 10838 left at that price).

Quote from: JoyMarsha on July 06, 2024, 09:41:52 AM

Shitcoin is the best memecoin. I can testify to it. If you don't know, the project has made a name for itself within and outside the forum. I am a proud holder of it.

The idea behind "historical tokens" is that back in the day (2014-2016) not a whole lot of them were being made, so they are scarce, which makes them collectible -- especially if they have a good story behind them. Only now that 10 years have gone by are these things of significant age, and its something to help differentiate them from the never-ending flood of new shit that comes out on an hourly basis.

Long after the current memecoin's budget dried up - the creator sold all their tokens & the community abandoned ship - SHITCOIN will still be here. It's a testament to the commitment of the Dogecoin blockchain, part of a legacy immortalized in timestamps, and it harkens back to a simpler time when someone could create a token named SHITCOIN and have it be the first one.

I'm trying to hold a ShitcoinDAO board member election and I can't get at least 4 people to be on the board, at least for the moment, but uh, things are still coming along. Nothing stops this Shitcoin Train.

Very funny. The idea is cool, another meme coin, however I don't like investing in itself, because as you already know I'm boring when it comes to these things, I like the value proposition. But if it has a good development, it will probably bring good profits to the developers if it works.

Please bro this isn't just another memecoin, this is SHITCOIN, created years before the word memecoin came into existence.

The value proposition behind SHITCOIN is that its collectible as a "historical token". Why? Because:

1. There's an emerging market for crypto collectibles,
2. A certain class of collectors will seek out old, rare tokens on prominent blockchains,
3. SHITCOIN is one of the oldest collectible shit tokens (aka memecoins), and
4. It's called SHITCOIN.

That's like a remarkable preponderance of value right there.

This thread is so full of shit Cool