$Boomer Initial Token Distribution and Full Exit of Original Developer
$BOOMER on Base is a Community Takeover (CTO) of a rugged project. This document outlines the initial token distribution by the original developer and details the complete exit from his allotted tokens. It also covers the events leading to the CTO and the establishment of our marketing wallet.
OG Developer Rugs $BOOMER
3/25/24 17:48 UTC: 1 Billion Tokens were created, marking the launch of $BOOMER.
3/25/24 17:49 UTC: The original developer created the initial Uniswap V2 Liquidity Pool by supplying 900,000,000 $BOOMER and 1 ETH. The developer immediately burned the liquidity by sending 30,000 LP Tokens to the Burn Address.
3/25/24 19:02 UTC: 10,000,000 $BOOMER were transferred to Dev Wallet 1 and sold through a series of transactions for a total of 1.09379 ETH.
3/25/24 19:06 UTC: 8,000,000 $BOOMER were routed through 0x8ca1ecb78c5fcfc9bb079db622890b8bc54cfb01 and sold for a total of 0.313 ETH. See Transaction
https://basescan.org/tx/0x01fc2726658265d4c06972e798e06f6573c6b936573cda98b9fcb5010c73fbd5
3/25/24 19:24 UTC: 5,000,000 $BOOMER was transferred to Dev Wallet 2 and sold through a series of transactions for a total of 0.589 ETH.
3/25/24 19:24 UTC: 4,000,000 $BOOMER were transferred to Dev Wallet 3 and sold through a series of transactions for a total of 0.326 ETH.
3/25/24 22:55 UTC: The original developers burned 73,000,000 $ BOOMER as part of the transition to the new team, marking the beginning of the CTO.
The original developer deployed 1,000,000,000 $BOOMER and allocated 10% of the initial tokens at launch. They created the initial liquidity pool by pairing 1 ETH with 900,000,000 $BOOMER and burned 100% of the liquidity tokens. Within 2 hours of launching $BOOMER, they sold 2.7% of the tokens for a total of 2.321939426 ETH.
$BOOMER on Base CTO and Marketing Wallet.
After the original developer publicized their exit, a group of community members formed a team during a Google Meets video call. This was the start of the Doxxed $BOOMER CTO. The original developer agreed to relinquish control of all social media accounts and burn the remaining 73,000,000 $BOOMER.
Shortly after the community takeover, a marketing wallet was created as a 5-member multisig requiring 3 signatures. The wallet can be tracked at 0x0d3ebcac14fed9cf0528df7377372757c53643c6. The community raises all funds in the marketing wallet and uses them solely for $BOOMER on Base marketing initiatives.
Conclusion
The transition of $BOOMER from a rugged project to a community-driven initiative marks a significant milestone. Through the diligent efforts of community members, the original developer’s exit was managed effectively, and a transparent structure was established to govern future developments.
Creating a marketing wallet and implementing a multi-signature process ensures that all funds are utilized responsibly and with collective approval. This new phase for $BOOMER exemplifies the power of community collaboration and commitment to transparency, laying a robust foundation for the project’s continued growth and success. As we move forward, the community remains dedicated to fostering a secure and thriving environment for $BOOMER on Base.
