The self-proclaimed “the father of all meme coins,” Papa Coin is a new digital token that draws inspiration from the popular Pepe meme character and the community-driven nature of meme culture.
The world has been captivated by cryptocurrencies, with Bitcoin leading the way in terms of both popularity and value. However, the rise of cryptocurrencies has also brought about the emergence of memecoins cryptocurrencies that are based on memes or internet culture. One such coin is the recently launched Papa Coin, which surged 110% after the announcement of the airdrop.
The resurging trend of memecoins has had the community rioting with laughter and quick profits. Now, let’s talk about what this Papa Coin is.
What is Papa Coin?
Papa Coin is an innovative form of digital currency that honors Papa, the iconic patriarch of the well-known Pepe meme character. Its creators drew inspiration from the widespread fame of Pepe and the communal ethos of meme culture, paving the way for a groundbreaking new asset.
As a nod to the beloved character, Papa Coin creates a playful, lighthearted atmosphere that encourages creativity, participation, and community. By combining the power of technology with the culture of memes, Papa is paving the way for a new era of digital currency that is both innovative and entertaining.
Tokenomics of Papa Coin:
Papa Coin has a limited supply of 1,000,000,000,000,000 tokens, which is a deliberate measure to maintain its scarcity and stimulate its long-term value growth. The token contract is an ERC-20 standard-based contract.
Out of its total supply, 87% will go directly into the liquidity pool, while 3% will be available for the team to provide liquidity to the centralized exchanges. 10% of Papa Coin will be locked until the Feeding PAPA contact is ready and gets audited.
By encouraging token holders to hold onto the coin, the creators aim to boost demand over time. PAPA’s strategy is to surpass many other meme coins by targeting additional coins periodically.
Although PAPA may not be inherently malevolent, it has a strong appetite. As the progenitor of all, PAPA’s continuous expansion is crucial.
What is Papa Coin’s ‘Feeding Papa’ Feature:
Papa Coin introduced a new feature called “Feeding Papa.” PAPA Token aims to outdo other meme coins by periodically targeting additional coins and absorbing their liquidity. By doing so, PAPA Token adds the absorbed liquidity to its own reserves, which helps increase its overall value and performance.
Papa Token operates on a unique reward system where it gains value by consuming other meme coins. Whenever Papa Token announces its readiness to consume new meme coins, users can deposit their old and outdated meme coins and feed them to Papa Token. In return, users receive Papa coins at a higher value, depending on the vesting period they choose for their PAPA coins.
How to Buy $PAPA Meme Coin
Step:1 Create a wallet
To begin investing in PAPA Coin, you must first create a wallet. You can download Metamask or any other wallet you prefer for free from the app store or Google Play Store. For desktop users, simply visit metamask.io to acquire the Google Chrome extension.
Step:2 Get some ETH
Once you have a wallet, you need to obtain some ETH. It is necessary to possess ETH in your wallet to swap it for PAPA. If you do not already have any ETH, there are several ways to acquire it. You can buy it directly through Metamask, transfer it from a different wallet, or purchase it on another exchange and then send it to your wallet.
Step:3 Go to Uniswap
After obtaining ETH, you can connect with Uniswap by visiting app.uniswap.org using Google Chrome or the browser within your Metamask app. Connect your wallet and paste the PAPA token address into Uniswap. When prompted by Metamask for a wallet signature, proceed to sign it.
Step:4 Swap ETH to PAPA
Finally, you can swap ETH for PAPA tokens. There are no taxes imposed by the team for exchanging ETH for PAPA tokens, so you do not have to worry about purchasing them at a specific slippage. However, during market volatility, you may need to use slippage.
Also Read: PepeAI Surges 1000% Since Launch: Possible Pump & Dump?
Disclaimer:
Papa Token’s smart contract is unaudited, therefore, investing in this token involves inherent risks, and we strongly advise that you proceed with caution and do your own research before interacting with it. This article is intended to provide information about Papa Token and should not be construed as investment advice.
