Ben.eth, the creator of Ben Coin and PSYOP announced to launch another token named $LOYAL
As the memecoin wave just creating nonstop memecoins, another project has been developed by crypto whale Ben.eth. After the cheerful success of two meme tokens Ben Coin and PSYOP Coin, it's for the third time, the crypto whale is going to create another community-driven cryptocurrency.
Eth_Ben, a well-known cryptocurrency figure, has made an intriguing announcement about his future coin launch. Eth_Ben will introduce $LOYAL, his third token release in the last 30 days, on May 29, coinciding with Memorial Day weekend.
Let's learn about this whole new project as all the crypto enthusiasts are eying for the launch.
Ben.eth announced the news on Twitter on Saturday, writing:
3RD TIME IS A CHARM. MEMORIAL DAY WEEKEND. IF YOU WEREN’T A BELIEVER BEFORE, NOW IS YOUR CHANCE TO BECOME ONE.
SEND TO 0x71AE795D42E0a4d56A4E87D2bdbA72EFDdb6Aa84
FOR 33% OF THE ABSOLUTE TOTAL SUPPLY. NEW ATTENTION ECONOMY TOKEN. $LOYAL.
Decoding the Tweet: With the messages "3RD TIME IS A CHARM" and "MEMORIAL DAY WEEKEND," the project is encouraging individuals to take advantage of this opportunity to become supporters of their initiative. Individuals can obtain 33% of the LOYAL token supply by depositing cash at the address 0x71AE795D42E0a4d56A4E87D2bdbA72EFDdb6Aa84. LOYAL is promoting itself as an attention economy-focused token.
This latest token launch allows crypto enthusiasts and investors to participate in the attention economy. $LOYAL intends to build a thriving ecosystem in which users can interact with the token and benefit from its unique qualities.
Ben.eth's strategic approach to token supply is obvious in his declaration that he will not keep a large amount of the token, distinguishing this token from his prior initiatives. The specifics of the token's distribution and airdrop have yet to be revealed, however Eth_Ben hints that it will be capped.
The news has hyped the crypto community's interest and expectations, as Eth_Ben's prior token offerings drew notice for their original concepts and potential for growth.
After the announcement of LOYAL Token, many crypto enthusiasts and investors took it to Twitter to share their reactions.
Cryptocurrency investor Ron Miller has given a proposal that might revolutionise the cryptocurrency market in a thought-provoking tweet. Miller proposes that the Loyal Token ($LOYAL) act as a membership token, providing holders with a variety of benefits generated from the token's income.
Access to special benefits such as sports automobiles, vacation homes, private jets, and country club memberships are among these perks. All of these opulent assets would be controlled by the prestigious $LOYAL Token Club, providing token holders with an elite experience.
In addition to membership advantages, the tweet suggests the creation of a dedicated "$LOYAL" credit card available only to token holders. This credit card is expected to offer special benefits tailored specifically to the needs of $LOYAL investors.
However, be aware that LOYAL Token hasn't been launched and isn't available for any presale or trading. Some exchanges like Dextools.io and CoinMarketCap have registered a coin with the name LoyalCoin which is not the one Ben.eth has discussed. Do your research before purchasing new cryptocurrencies.
In conclusion, Individuals and investors interested in participating in the $LOYAL coin should remain tuned for further updates and instructions from Eth_Ben as the launch date approaches. The launch provides an opportunity to investigate the potential of the attention economy and be a part of a one-of-a-kind token initiative.