It’s been a full week since $WABIT stealth launched on Uniswap with its entire circulating supply split between ETH and USDT. DaWabit ($WABIT) is a grassroots memecoin that claims to be “strategically decentralized.” It was created by an anonymous crypto degen turned developer who got fed up with constant rug pulls and wanted to create a clean token for the crypto space.
A meme of a meme, DaWabit is an original meme of “Budz Bunny,” who is a meme of the popular fictional character “Bugs Bunny.” The fictional backstory for DaWabit is that his royal highness “King Bugs Bunny” had a stoner brother named “Budz Bunny” who had a son named “DaWabit,” whom “King Bugs Bunny” has declared heir to his estate and fortune. What’s next for DaWabit?
With a total supply of 333 trillion tokens on the Ethereum network, the dev strategically burned 33% or 111 trillion tokens to the “0x42069DEAD” wallet, where there also sits over $8 million in Shiba Inu tokens amongst others. Upon launch, the dev evenly split the remaining 222 trillion tokens between two liquidity pools: ETH and USDT. Upon closer inspection, DaWabit’s smart contract is packed full of features.
- It features a custom smart contract address similar to 1NCH, except that it includes trailing zeros in an attempt to increase its processing speed.
- DaWabit is a custom smart contract handwritten with the assistance of ChatGPT-3. It is not COPY/PASTE nor was it generated using a coin-generating wizard like Shiba Inu and Pepe.
- DaWabit utilizes some of Ethereum’s latest solidity security features to include Reentrancy Guard with a 30-second transaction cooldown as an attempt to deter sandwich bots like JaredfromSubway.
- Custom burn mechanics: Broken promises and shady reflections are a thing of the past with DaWabit’s custom-coded burn. A very low fee of 0.01% per on-chain transaction (Sell/Buy/Transfer) is exclusively sent directly to the “0x42069DEAD” wallet to join the now ever-growing bulk of $WABIT in crypto Valhalla.
At the time of writing, DaWabit has only gained just under 25 holders, resting at prices of 0.0000000000529 and 0.0000000000524 for ETH and USDT pairings, respectively. The market cap for WABIT/ETH currently sits at $17.63K and the market cap for WABIT/USDT sits at $17.46K. Is it too late to be deflationary?
Mainstream adoption is finally here as Bitcoin and Ethereum ETFs are finally getting the okay by politicians, US government regulators, and financial executives. “Solana Summer” is ushering in tsunami waves of celebrity adoption, with possible ETFs closely on the horizon. With so much exciting crypto news coupled with the seemingly ever-growing army of crypto influencers, are small but honest grassroots memecoins being cast aside too hastily?
Successfully being deflationary isn’t enough anymore, and the dev of DaWabit knows it. DaWabit includes a publicly generalized but top-secret roadmap that the dev will “initialize” as the DaWabit community grows, with rumors of potential expansion into the “gamefi” crypto sector.
Does DaWabit have the potential to be a greater memecoin than its predecessors Shiba Inu and Pepe? It’s certainly built for it. Currently, all that it seems to be lacking is an active community. If you would like to learn more about DaWabit, the official socials for X and Telegram are listed on its website, https://dawabit.tech.
Time will only tell how far DaWabit will go, but what is more important? The distance? Or, the journey? Many great things have started from humble beginnings.
