Option #2
Option #2 Create a Solana Coin
Steps to Execute
Liquidate Remaining Assets
Sell existing project assets (NFTs, tokens, etc.).
Transfer proceeds to a dedicated wallet for the new project.
Create Solana Meme Coin Contract
Develop and deploy a Solana-based smart contract for the meme coin.
Estimated Cost: $400 (for contract creation and deployment).
Rebrand Social Media Accounts
Update Twitter and other accounts with new branding, descriptions, and messaging.
Redirect the existing community to the new meme coin project.
Allocate Funds for Meme Coin Liquidity
Transfer liquidated funds to a new Solana wallet.
Use remaining funds for liquidity pool and token development.
Snapshot of TRAX Token Holders
A snapshot of current TRAX token holders will be taken.
Each holder will receive a corresponding amount of the new meme coin based on their TRAX holdings. An additional 100,000 tokens will be added to each allocation as compensation for time away and the inability to claim tokens during this period.
Tokens will be sent before liquidity is added, ensuring holders are ready once the token is live on decentralized exchanges (DEX).
Important Note If this option is selected:
Post-Launch Control: Once the token is live on DEX, the project will no longer have any control over it. The token's success will rely entirely on organic community support and market dynamics.
Funding Limitations: Due to limited funds, there will be no marketing or promotional budget. This will be a fully organic meme token reliant on community efforts for visibility and traction.
Launch Methods: We could use a platform like Pump.Fun or manually create the token. This would incur minimal costs beyond transaction fees and liquidity requirements. Additionally, the liquidity token will be burned to ensure long-term trust and transparency.
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