The COVID-25 Token, which just launched on the Solana blockchain, is the first step in creating a community-driven meme token ecosystem. The project’s focus on decentralized governance while tackling some of the most common problems seen throughout the meme token world sets it apart. It was launched with no tokens reserved for the project developers or team.
COVID-25 Token’s goal is to build a decentralized viral network DAO (decentralized autonomous organization) that is governed by its token holders. You can learn more about the project at covid25.xyz, and the lead contact for questions is Katy Woods. For any additional questions, please reach out to support@covid25.xyz.
The COVID-25 Token sets itself apart via a 100% community-controlled launch. The undertaking removes all normal developer powers, which means no single individual or entity can control the token.
At launch, the liquidity of COVID-25 Token was burnt and its smart contract has been permanently renounced. These simple but vital measures guarantee that no developer ever has control, solidifying community governance forever.
The token works on a zero buy/sell tax model meaning that every single trade positively impacts the user directly. This new method would address the pitfalls often associated with meme tokens. In particular, it goes after very high transaction taxes which can sometimes eat the profit fully for holders.
The entire liquidity pool was subsequently burnt, permanently locking the $3M+ in funds on the Solana blockchain. This action further demonstrates the project’s commitment to security, transparency, and openness.
"Our token and platform are built on trust and community ownership," - Katy Woods
The COVID-25 Token also holds a mission to provide security and equity for all who use the token. The developers are confident that a community-focused, place-based strategy will create the conditions for long-term economic growth and sustainability.
