BenWifHat: A meme token revival based on Franklin Templeton’s Laser Eye Ben
The Birth of $BWIF - More Than Just a Tweet
On January 10th, 2024, Franklin Templeton — a global leader in investment management, updated their X profile picture with a depiction of Benjamin Franklin with laser-eyes. This alteration came swiftly after the SEC’s green light for Bitcoin ETFs, signalling a new phase in the cryptocurrency market. The image not only hinted at the forthcoming competitive landscape, but also paid homage to crypto culture; where the iconic red, glowing eyes symbolize a shared identity among enthusiasts.
Seven days later, an anonymous developer on the Solana blockchain launched a meme token called “BenWifHat,” leveraging the momentum generated by the Franklin Templeton tweet. This initiative also paid homage to the well-known meme “DogWifHat.” The amalgamation proved highly ‘memeable,’ and as anticipated, the project gained traction rapidly.
Within the first 24 hours, BenWifHat recorded over $5 million in trading volume. However, it soon became evident that the project was yet another instance of a “pump and dump” scheme. The developer swiftly offloaded their tokens, creating substantial selling pressure that caused the token’s value to plummet. Unfortunately, such practices are all too common, particularly on the Solana network — where low gas fees facilitate buying and selling, making it easier to execute such maneuvers.
But, The $BWIF Community Had a Different Plan…
Following the abrupt downturn, disillusioned investors clamored for a “community takeover” within the Telegram group — a familiar strategy where community members unite to revive a project by amplifying its presence across social platforms. Although such endeavors are notoriously challenging, a dedicated group of individuals joined forces and initiated the revival of BenWifHat.
On February 28th, after weeks of concerted effort in team building, strategic planning, branding, graphic design, and web development, the BenWifHat ($BWIF) revival team unveiled their takeover plan. They introduced new social media channels and shared a link to the official website www.bwiftoken.com
BenWifHat — Why Meme?
Traditional finance wears a suit and tie, $BWIF wears a beanie. Unlike crypto projects born from whitepapers and solemn nods, $BWIF sprang from the fertile ground of internet culture. The project playfully satirizes the institutionalization of cryptocurrency while capitalizing on Bitcoin ETF and crypto legislation developments. BenWifHat shows us that the pursuit of financial literacy doesn’t demand convoluted jargon or gloomy outlooks. By embracing memes, it reminds us that amidst the frenzy of the digital gold rush, we can have a bit of fun while navigating the ever-changing landscape of finance in the digital world.
The $BWIF Hedge Fund
Imagine a world where investment decisions don’t rest in the hands of a few suits, but in the collective power of the community. Through our $BWIF community-managed hedge fund, every member wields influence over our strategies as we navigate the volatile tides of the market — pooling our profits to fuel forthcoming project advancements.
How Does It Work?
The hedge fund specializes in trading meme coins and futures contracts on a DEX (drift protocol). The fund prioritizes low risk, favourable risk-to-reward ratios, and adheres to strict money management principles. Once a week, the community-appointed $BWIF Hedge Fund manager publishes the results in the official $BWIF Telegram group: https://t.me/BenWifHat
75% of profits are transferred to a communtiy-owned multsig marketing wallet, earmarked for marketing campaigns and token buyback inititives. The remaining 25% is reserved for hedge fund compounding. Both marketing and trading wallets are traceable at all times via Solescan, with links pinned for full transparency.
How to buy $BWIF?
To purchase the $BWIF token, download a Solana-based wallet app like Phantom. Create a new wallet and keep your seed phrase safe.
Following that, you’ll need some $SOL. You can buy SOL directly on Phantom, transfer from another wallet, or buy on an exchange like Binance.
Next, go to Raydium.io via your wallet browser or desktop/mobile browser. Connect your wallet and import $BWIF token by using our contract address. BhagYgSBZpTY74WG6XzFCHDJPVvhLAtkceEEAwrKtY19
Finally, swap $SOL for $BWIF. Choose the amount of $BWIF you want to purchase and hit “swap”. Watch your slippage during times of high market volatility.
The Future is Meme!
This year we have seen an unprecedented surge in meme tokens, and BenWifHat is eager to join the revolution. Whether you’re a community-oriented crypto investor interested in crypto-related news, or just seeking an adventurous ride, consider $BWIF for your crypto portfolio.
Spread the Word: Got a knack for viral content? Help the community take the BenWifHat meme to the next level! Follow BenWifHat of X and let the raids begin.
To learn more: Check out the official BenWifHat website and join the official $BWIF Telegram!
