Solana

ApeCoin

<p>The $TEA presale sold out in two days, raising 38,888 SOL worth approximately $5.4 million during the sale period. With no initial lock-up and cliff on pre-sale, the project has left many users wondering whether $TEA is a good investment and whether it is wise to purchase after listing.&nbsp;</p> 
<p class="has-text-align-center has-text-align-center" style="text-align: center;"><em>Also read: </em><a href="https://www.cryptopolitan.com/the-complete-guide-to-crypto-memes-understanding-meme-coins/"><em>What Is Meme Coin in Crypto?</em></a></p> 
<p>$TEA is a Solana-based meme coin inspired by the tea beverage. It embodies the tea culture and enjoyment of owning a meme token. The token brings a new approach to onboarding more users into decentralized finance, with a vision to make digital assets accessible and comforting as a cup of tea.</p> 
<p>This article explores five things you should do before investing in the meme token.</p> 
<h2 class="wp-block-heading" id="five-things-to-know-about-tea-before-investing">Five things to know about $TEA before investing</h2> 
<ol> 
 <li> <h3 id="community">Community</h3> </li> 
</ol> 
<p>Despite being a relatively new project, the coin has already amassed a big following on social media. On Telegram, it has amassed over 3.45 million users and 629.7 thousand followers on X, previously Twitter. In comparison, ApeCoin had 391 thousand followers on X at press time.</p> 
<figure class="wp-block-image aligncenter"> 
 <figure style="width: 100%" class="wp-caption aligncenter">
  <img loading="lazy" decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdkoUSoFpNHmzr3pbPz7yhqEROGoQPf6VpWRGREQRvEO2SJEc2D03BbOXFoHDi3mVt9jO6btsLdB_xb5rLYRurQYbOD8oK5yAGjbtRqsJeiDMnI2CmbmHOOuVFWTmr7ig5qKcv75fxPPq0MAaNiVy03OLk?key=WxEmsPN5RfC1qu2H7v1ubw" alt="" width="494" height="278">
  <figcaption class="wp-caption-text">
   Tea community members
  </figcaption>
 </figure> 
 <figcaption class="wp-element-caption"></figcaption> 
</figure> 
<p>Apart from the tea lovers, the project has also managed to onboard/ partner with other top projects in the space. These include SpinnerCoin, MemeFi, CashCoin, Gotbit, WormFare, and Avaacoin.</p> 
<p>The communities continue to gain traction on social media, signifying strong community support and upcoming partnerships that promise more value to the community. A strong community is crucial for any meme coin’s success.</p> 
<ol start="2"> 
 <li> <h3 id="utility-project-roadmap">Utility/ Project Roadmap</h3> </li> 
</ol> 
<p>While meme coins have historically been known to have zero utility, they have constantly evolved with the advancement of decentralized finance (DeFi) to offer more utility, which is crucial in maintaining community engagement.</p> 
<p>In this regard, since the presale, $TEA has offered its users more for their bargain. For instance, users will receive up to a 50% token bonus on their purchases. Users can also stake their tokens, ‘dubbed steeping,’ for additional rewards in the $TEA token. The staking model offers up to 50% APY on $TEA lockups. Rewards can be claimed at any time during the lock-up period.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="538" height="371" class="wp-image-551906 aligncenter" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/image-52.png" alt="" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/image-52.png 538w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/image-52-300x207.png 300w" sizes="(max-width: 538px) 100vw, 538px">
 </figure>
</div> 
<p>However, you should note that staking $TEA can result in impermanent loss. Impermanent loss occurs when the price of a staked cryptocurrency drops in value compared to when it was initially staked. Despite earning rewards, impermanent loss can result in a net loss when it exceeds profits.</p> 
<p>To keep inflation in check, $TEA has incorporated a burn model. Rather than sending burn pool tokens to an irretrievable address, 50% are sent to a charity, and the rest are raffled among all senders regardless of the amount. Advanced users can also participate in liquidity farming by depositing their assets into $TEA liquidity pools.</p> 
<p>$TEA will also launch an interactive game, Tea-Tap. The game’s mechanics and gameplay enable a tap-to-win game model.</p> 
<figure class="wp-block-image aligncenter"> 
 <figure style="width: 100%" class="wp-caption aligncenter">
  <img loading="lazy" decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe2djX5w5HsQhQrdGOvqqOMXoKtyJzxavZ9jGwWUvE1dqyX4FJpocZlDzU89D8p3b17fmJA_AL4e74xic625z76xu10v2LDmHlXSJRtADBEvpBh81vSQyCQ8fD7hAZl3ICNSUVILGWtGDtrXEh2kTILA_0?key=WxEmsPN5RfC1qu2H7v1ubw" alt="" width="512" height="359">
  <figcaption class="wp-caption-text">
   Tea tap game
  </figcaption>
 </figure> 
 <figcaption class="wp-element-caption"></figcaption> 
</figure> 
<p>There are chances for $TEA holders to win big. Some rewards include a tea trip to Bali, a tea retreat in Bali, and a lifetime subscription to new tea blends.</p> 
<ol start="3"> 
 <li> <h3 id="where-to-trade-tea">Where to trade $TEA</h3> </li> 
</ol> 
<p>According to the $TEA website, the meme coin will initially be listed on decentralized exchanges (DEX). A DEX operates without a central authority and allows users to conduct transactions through an automated process.</p> 
<p>DEXs, however, are known for their complexity. The platforms are not beginner-friendly and pose a challenge to sales participants. Some popular DEXs on Solana include <a href="https://jup.ag/" rel="nofollow noopener" target="_blank">Jupiter</a>, Raydium, and Orca.</p> 
<p>The $TEA platform mentions that users should anticipate a tier 1 centralized exchange (CEX) listing in the future. 22% of the token’s supply is set aside for CEX and DEX listings.</p> 
<ol start="4"> 
 <li> <h3 id="is-tea-meme-token-a-good-investment">Is $TEA meme token a good investment</h3> </li> 
</ol> 
<p>Meme tokens are known for their high volatility and wild price swings. This is because they attract many market speculators. The tokens are also not backed by real-world assets and, therefore, are prone to market crashes.</p> 
<p>Other challenges include rug pulls and reliance on community support. A rug pool occurs when project developers withdraw liquidity or dump their tokens to unsuspecting buyers, effectively abandoning the project.</p> 
<p>Despite the challenges, meme coins have continued to dominate the cryptocurrency market, with massive communities. Dogecoin, for instance, had a market capitalization of $15.8 billion at press time. $TEA is targeting a market valuation of $1 billion.</p> 
<p>&nbsp;</p> 
<p>&nbsp;</p>  
<figure class="wp-block-image aligncenter size-full">
 <img loading="lazy" decoding="async" width="526" height="509" class="wp-image-551907 aligncenter" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/image-53.png" alt="" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/image-53.png 526w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/image-53-300x290.png 300w" sizes="(max-width: 526px) 100vw, 526px">
</figure>  
<ol start="5"> 
 <li> <h3 id="tokenomics">Tokenomics</h3> </li> 
</ol>  
<p>Tokenomics is important because it defines a cryptocurrency’s economic model and long-term viability. A coin’s distribution, for instance, directly affects its supply and demand dynamics and defines a project’s ability to create value within its ecosystem.</p>  
<p>$TEA has a total supply of 88,888,888,888 tokens. 33% of the total supply is set aside for presale and bonuses, 22% for CEX and DEX, 20% for marketing, and 20% for the $TEA fund.</p>  
<p>A defining aspect of its tokenomics is that the initial distribution will have no lock-up and cliff periods to ensure transparency at launch. However, critics argue that this move could result in early participants dumping their tokens on loyal community members.</p>  
<p>You should exercise extreme caution when trading cryptocurrencies and conduct research. Do not consider this article as investment advice.</p>

$TEA presale raises $5.4 million: 5 things you should know before investing

Table of Contents

Cryptopolitan_News

Outros artigos publicados em 6 de jul. de 2024

Toncoin’s Hamster Kombat Hits New Milestone – Is This The Next Big Thing In Crypto?

Beginner Tips for Bulk Sending Tokens and NFTs

6 Best Altcoins To Invest In Today July 6 – XRP, Immutable X, Cardano, Render

Shiba Inu Coin Surges As 360M SHIB Burnt Over The Week, More Steam Left?

$WAT Takes Over London, Las Vegas, and SpaceX HQ with Huge Marketing Campaign

‘Intent to personally support Dogecoin’ Elon Musk says, as DOGE drops 15%

Join our free newsletter for daily crypto updates!