LGBT (Let's Get This Bread): A Solana-Based MEME Token

1/13/2025, 2:42:45 AM
Beginner
Quick Reads
LGBT, as a MEME based on the Solana chain, has gained a lot of attention and fans in a short period of time with its relaxed, pleasant, and highly expressive image. However, it faces the common problems of all MEMEs. Whether it can regain vitality and achieve further development after the heat fades and recedes is a debatable question.

What is LGBT

LGBT is a MEME issued on the Solana chain. With the theme of “Lets Get This Bread”, it combines bread and ducks to create a beautiful illustration of “Bread Party: Duck’s Happy Hour”.

The foreground of the picture is filled with various types of bread, such as crispy baguettes, sweet and delicious donuts, uniquely shaped salt and pepper rolls, etc. They are brightly colored and emit an enticing aroma, as if they were carefully prepared delicacies for a party, piled up to form a tempting world of bread.

Behind the bread, there is a group of cheerful ducks. Many white ducks gather together, their orange bills and feet becoming lively embellishments in the picture. Some ducks are flapping their wings excitedly, as if cheering for grabbing a piece of bread; some ducks have bread crumbs in their mouths, with a satisfied and joyful look in their eyes; and some ducks are playing and frolicking with each other. The whole scene is lively and full of vitality.

In the slightly right of the center of the screen, a green duck stands out. It has big eyes and a round mouth, as if it is surprised by the lively scene of the bread party, and it seems to be making a cheerful sound, adding a bright color to the joyful atmosphere.

The twinkling stars and flying breadcrumbs in the background further set off the cheerful atmosphere of the party, as if the whole space is immersed in the joy brought by the bread. This illustration successfully conveys the theme of the ducks enjoying the happy time at the bread party through exaggerated techniques and bright colors, allowing viewers to feel the pure joy and carefree atmosphere.

LGBT has gained popularity among social media users with a relaxed and cheerful atmosphere, as well as adorable animal characters, attracting a group of fans.

With the M3M3 platform, you can stake M3M3 and receive LGBT airdrop.

The working principle of MEME

Meteora is launching M3M3 (also known as meme (3,3)) in the memecoin field, a new staking earning mechanism where top memecoin stakers can compete to earn fee rewards from permanently locked liquidity!

  • Top stakers can receive fee rewards

If you insist on holding memecoin, you can stake it to earn fee rewards. Only top memecoin stakers (e.g., the top 100) are eligible to receive fee rewards from the corresponding liquidity pool. Additionally, the higher your stake, the larger your share of fee rewards generated from the permanently locked liquidity. This competitive element incentivizes users to ensure their ranking position and buy and stake more to increase and maximize their fee rewards. Please note that you must stake actual memecoin, not LP tokens, so there is no risk of impermanent loss (IL).

  • Dynamic competition of fee rewards

If a staker falls out of the ranking (e.g. out of the top 100), they will immediately stop receiving fee rewards. This mechanism ensures that participants persist in staking to retain their fee rewards. As more and more participants seek to rank on the leaderboard, competition intensifies, thereby driving increased demand for memecoin.

  • Real-time earnings - the more you stake, the more you earn!

M3M3 runs in real time. The more you stake, the more fee rewards you immediately receive per block, which you can claim manually later, providing an engaging experience for stakers who want to see staking returns.

  • Claim SOL rewards, re-stake Memecoin rewards for compounding

Top stakers earn fee rewards in the form of a combination of SOL and memecoin. SOL can be claimed manually immediately, but the memecoin portion of the claiming fee will be added to your staking, increasing earnings and reducing selling pressure. This dual-reward structure - immediate claiming of SOL and re-staking of memecoin fee rewards - allows stakers to conveniently earn rewards without increasing the selling pressure of their holdings.

  • Unstaking cooling-off period

The staked memecoin must go through a cooldown period (customizable when creating M3M3, minimum 6 hours), during which the staker must wait to withdraw their memecoin. Any memecoin that has gone through this cooldown period does not count towards your staked memecoin and potential fee rewards. If users change their minds, they can cancel at any time, and if they are top stakers, their memecoin will be immediately restaked and counted towards earning fee rewards.

How to get the LGBT airdrop

Use the reputation system of MEME to score and receive token airdrops based on the score situation.

  • How to calculate the M3M3 score
    • New Wallet: The initial score of the new wallet is 0.5.
    • Hold: If you hold the airdrop, you will receive 1 point.
    • Staking: If you stake the airdrop, you can get a maximum score of 1.05.
    • Purchase and Stake: If you purchase more and stake the airdrop, you can receive a maximum score of 1.15.
    • Selling or transferring: If you sell or transfer any amount of airdrops in your wallet, your score will be reduced by 0.25 times, but you can earn 1 point by LPing through DLMM.
    • After each airdrop, your scores will accumulate. If your current score is 2, and you purchase and stake the highest score of the current airdrop, then your new score will be 2*1.15 => 2.3
  • M3M3 scores will double the airdrop.
    • If your score is 3.2, it means that any airdrops using this system will give you 3.2 times the normal amount. The starting score for new wallets is 0.5, which is half the score they receive when holding tokens only.

LGBT Token Basic Info (2025-1-8)

  • Market Cap: 1007.23 million USDT
  • Total supply: 10.00 billion LGTB
  • Circulation: 10.00 billion LGTB
  • Belonging to the public chain: SOL
  • Contract Address: 2vFYpCh2yJhHphft1Z4XHdafEhj6XksyhFyH9tvTdKqf
  • Token market performance is as follows:

LGBT has now landed on Gate.io’s innovation zone,Click to start trading!

Conclusion

LGBT, as a MEME issued on the Solana chain, has quickly gained a lot of attention and fans in a short period of time due to its relaxed, pleasant, and highly appealing image brought by the MEME trend. However, it faces the common issues of all MEMEs. Whether it can regain vitality and achieve further development after the hype fades and the trend recedes is a question worthy of discussion.

Author: Frank
Reviewer(s): Edward
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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