Original｜Odaily

Author｜Wenser

After experiencing a twists and turns of opening high, moving low and then rising 4 times, the price of Base ecological Memecoin project BORED has temporarily stabilized at around US$0.0065. Today, we will review this Memecoin under the banner of anti-Memecoin, and lets have a deep understanding of how BORED developed?

BORED starts: the same pre-sale money making

On April 6, the project sponsor of a KOL with 1.6 million fans on the X platformBoredreleasetweetsSaid, Memecoins are the new press release (Meme coins themselves are press releases). He then retweeted a post he posted in September 2023a tweet: Boredom is good. Having the ability to embrace boredom is important. If you feel anxious about being in this state, its time to reframe yourself and change your relationship with technology.

It can be seen that the reason why Bored launched the BORED project was not simply to chase the Memecoin craze, but to convey some spiritual core and self-expression through this project.In other words, the BORED project has a strong speculative and personal touch from the very beginning.

Later, Bored in Farcastersbase channelissued a document saying, prepared some things for his fans and friends, and put a 24-hour PartyDAO fundraising link. As an influential evangelist on Farcaster, word quickly spread. In the end, the fundraising on PartyDAO was supported by 8,169 independent addresses, raising a total of 1,562 ETH (approximately $5.3 million).

according toFundraising instructionsand Boreds subsequentAnnouncement White Paper DocumentIt shows that Bored will launch this anti-Meme coin with a specific equal distribution mechanism (1:1) after the fundraising is completed and the vote is passed:

1. Token name: BORED;

2. Total supply: 3, 141, 592, 653 pieces (1 billion times pi);

3. Token distribution:

• 40% - distributed to members who contribute funds

• 40% - Add liquidity pool

• 20% - towardsBoredcaster NFTReleased to holders (as a reserve pool), it will be released in 4 batches (5% x 4 in each batch) over approximately 12 months, with the first batch taking place at the end of April 2024.

Just when all participants are fully expecting BORED to open as strongly as the previous pre-sale fundraising Memecoin projects, reality often does not go according to peoples established ideas.

BORED opened: doubled and then halved, then soared 400%

At around 4:30 a.m. on April 9th, Beijing time, the Base ecological Memecoin project BORED token was officially launched, with an initial price of about $0.004. Then it nearly doubled around 5 oclock, and the price broke through $0.0072. It has been falling since then, and the K-line looks like it is about to spiral back to zero.

Around 9 oclock, the BORED price fell below the opening price and reached around $0.003. People who participated in the early pre-sale saw that the situation was not good and began to panic sell. Memecoin project as an anti-Memecoin, as projectAnnouncement White Paper DocumentIt reads the same: Bored is a meme that rejects the idea of ​​meme coin casinos, constant trading, unhealthy levels of connectivity, zero-sum games, fixation on charts, and general stress and anxiety. Stay Bored.

In this regard, BORED did indeed achieve it at that time.

Cutting meat has become the choice of many people, but they have not considered that due to the fact that Bored has not promoted it on the KOL Bored initiated fundraising on PartyDAO and launched the BORED token.

Later, as the news gradually spread, people seemed to have woken up from a dream, and finally realized the initiators of the BORED project and the hype of BORED itself, followed by a series of sudden buying orders. The real-time trading chart at that time showed that many players frequently spent 5 ETH, 15 ETH or even more funds to purchase BORED tokens. The price of BORED has also been rising, reaching a maximum of $0.012, which is 4 times the low price of $0.003.For those who participated in the pre-sale early, this 4x increase belongs to them if they keep their original BORED tokens.

BORED Status: Success Farcaster, Failure Farcaster

on the Farcaster platformBoredcaster Channel, currently has 1,700 members, approx.BoredOne-tenth of the number of fans on the platform.

As the first place where Bored launched its project and built a community, Farcaster can be said to be a key link - it not only provided a good fan base for the creation of the BORED project, but also provided a communication platform for community members after BORED went online. But things always have two sides - things that help you can also constrain you to some extent or even limit your development. For the BORED project, Farcaster may also play such a role.

On the one hand, Farcasters niche allows Bored to gather some initial community members who are more recognized and cohesive for their ideas in the early stages of the project. But on the other hand, Farcaster also makes the scope of news dissemination of the BORED project relatively limited. And unlike the X platform, which can amplify its influence, Farcaster has a relatively limited number of users, which in turn limits the possibility of the project attracting a wider range of attention.

Although Farcaster has previously announced that it is about to complete a round of financing led by Paradigm with a valuation of US$1 billion, it is a niche territory compared to the entire Crypto industry.

Therefore, one day after the BORED token went online, after the more fanatical market sentiment gradually calmed down, its price has been falling all the way, and the relatively high price has once again been cut in half, to about US$0.0065.

Of course, it is too early to draw conclusions about the BORED project.Announcement White Paper DocumentIt also mentioned something about the subsequent development direction of the BORED project, including the following possibilities:

• LeaderBored：A real-time display of who is maintaining the highest reputation score.

• ArtBored：Best Art and Memes Memes and memes that celebrate the boredom community.

• Boredgames：A virtual game open to all community members.

asAnnouncement White Paper DocumentAs imagined in , in the future, BORED tokens may become part of the reputation system on the chain. Holding BORED will bring individuals endorsement in certain aspects, including but not limited to the generation of creativity, participation in cultural innovation and construction A community formed based on a “social contract.” In addition, ifBoredcaster channel official said, the crowdfunding funds may be used to fund the construction of the LP liquidity pool on Uniswap, or may also be used for activities related to the BORED holder community.

Therefore, as a Memecoin project under the banner of “anti-Memecoin”, BORED’s subsequent development expectations are still unknown.

Perhaps, just like what Satoshi Nakamoto once said that Bored borrowed from the Banner of the X platform, If you dont believe me or dont get it, I dont have time to try to convince you , sorry (if you don’t believe me or can’t understand, I don’t have time to convince you, I’m sorry)”.

We are all boring travelers on this road of pursuing wealth and freedom.