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HomePress ReleaseCondo, the world’s first meme token based on Real-World Asset (RWA), launches...

Condo, the world’s first meme token based on Real-World Asset (RWA), launches on Base Chain with innovative treasury investment strategy

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April 16, 2024Condo, the world’s first real-world asset (RWA) meme token, was recently launched on the Base chain, heralding a new era in meme token innovation by integrating real-world asset investments. Diverging from conventional meme tokens fixated solely on social media buzz, Condo presents a distinct value proposition: an actively managed treasury investing in tangible assets.

The meme token draws its inspiration from Nathan (Nathan Allman), the visionary founder of Ondo Finance and the groundbreaking Ondo-Blackrock partnership. With Condo, Nathan is poised to become the official ginger mascot of crypto, symbolizing innovation and forward-thinking within the industry.

Condo incorporates a nominal 3% transaction tax on all transactions. These proceeds are channeled into a community-driven treasury (currently holding $105,000 after only 11 days since launch), poised to invest in leading RWA products such as the Ondo US Dollar Yield Token (USDY) or Maple Finance lending pools. This approach not only nurtures the advancement of innovative Real-world asset projects but also cultivates passive income for the Condo treasury, further solidifying Condo Dao’s uniquely positioned treasury strategy that actively invests in DeFi/Real World Asset protocols—their existing products and infrastructure to help actualize this vision of newly imagined—Modern capital markets on-chain.

“Condo represents the evolution of meme tokens into a formidable force driving real-world asset investments. With our innovative treasury strategy, we aim to revolutionize the meme token landscape, making meaningful contributions to the future of finance.” stated the founder of Condo. “Unlike traditional meme tokens that rely solely on speculative trading, Condo’s treasury is strategically allocated towards real-world asset (RWA) investments, ensuring sustained growth and stability. This proactive investment approach not only strengthens the token’s intrinsic value but also fosters the development of innovative RWA projects, driving long-term sustainability and community prosperity.”

At its core, Condo acts as an incubator, nurturing the development and expansion of pioneering RWA projects. The treasury’s investments will contribute to its growth, with aspirations to expand into tens of millions of dollars and establish strategic alliances with leading RWA projects.

Tokenomics

  • Blockchain: Base
    • Total Supply: 10 billion Condo Tokens
      • Distribution:
        • 90% Circulating Supply
        • 5% Airdrop dedicated to supporting deserving RWA community projects
        • 2% CEX Listings
        • 2% Marketing Wallet
        • 1% Development
        • 0% Team Tokens

Condo’s seasoned team of developers is dedicated to materializing a suite of products inspired by the Condo community’s collective vision.

The backbone of Condo comprises a cadre of seasoned professionals, including fund managers adept in RWAs, early adopters and liquidity providers in the RWA realm, proficient developers with a track record in leading RWA projects and Memetokens, skilled graphic designers, a seasoned marketing expert pivotal in the early success of Floki and Luna, and a qualified lawyer ensuring legal compliance.

Base Chain Advantage

“Condo strategically selected the Base chain for its initiative, given its mission to onboard millions of users to web3 with economical transaction fees (below a penny). This cost-effective approach resonates with Condo’s ambition to democratize RWA investment access.” the founder of Condo added in.

Condo is available for purchase on Uniswap on the Base chain.

For more information and to join the Condo Community, visit www.condobase.xyz

Keep abreast of the latest developments and engage with the vibrant Condo community by following Condo on Twitter (@Condo_Base) or Telegram (https://t.me/Condo_Official).

Media Contact

Contact Person – Meka Hero

Email – [email protected]

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of  LiveBitcoinNews. LiveBitcoinNews does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

 

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