CEO tokens, a meme asset released after a series of Elon Musk’s tweets with his dog Floki as the new head of Twitter, are gaining popularity. It would seem that almost two months have passed, but the hype does not stop. Thus, a number of such projects showed daily growth from 70% to 1330%. Let’s discuss below what these tokens are and whether it is worth investing in them.
Good boy is CEO boy: What are CEO tokens?
In mid-February, a bunch of dog tokens, such as Dogecoin, Shiba Inu, Floki Inu, Baby Floki Billionaire, and others, rose dramatically in value. A series of tweets from the head of SpaceX, Tesla, and Twitter about the new CEO of the social network, who turned out to be his pet Floki, was the trigger for some coins to gain from 6% to 680% in a day.
The new CEO of Twitter is amazing pic.twitter.com/yBqWFUDIQH
— Elon Musk (@elonmusk) February 15, 2023
The brand new newsletter with insights, market analysis and daily opportunities.
Let’s grow together!
The reaction of users was not long in coming, and almost immediately, projects dedicated to the new CEO of Twitter began to appear. The main feature of such assets is that their rise or fall often depends on the state of other dogged tokens or on the influence of Elon Musk. The businessman was even sued for “manipulating” cryptocurrency, but he denies his involvement in asset movements.
However, in practice, everything looks different. The last time tokens began to grow, and probably because of this, they still do not fall in price, after Twitter changed its logo of a bird to the Doge token label. Here’s what the social network looked like after “the modification.”
There seemed to be a reason for this. For example, there were rumors that Dogecoin would be integrated as a payment coin into Twitter, and such changes could have preceded such an event. However, after a while, the old Twitter logo was brought back.
But as a rule, once users are given a reason, there is no stopping them, and as we can see, this is reflected in the popularity of coins. In this case, the latter momentum was more evident in the meme coins related to Musk’s series of tweets with his dog as Twitter’s CEO. Let’s see which ones are the most popular and breaking records in value right now.
According to CoinMarketCap, the value of the asset increased by 1330% to $0.00008499 over the last 24 hours. This result brought the token to the top of the growth curve, and trading volume increased by more than 2700%.
According to the official website, the token has the following benefits:
- Security. Liquidity locked via a third-party independent locker system called Mudra.
- Anti-whale system. Maximum wallets of 2% are implemented to ensure no one can manipulate or control the supply.
- Out-of-the-box marketing. In order to ensure constant growth, the team will implement unique and different marketing techniques.
- Experienced team.
The total transaction fee is 5%, 1% of which goes to the liquidity pool and 4% to marketing.
The project has been launched, but it is still at the initial stage. So, the developers have not yet provided a whitepaper, which according to the roadmap should be released in Q1 2023. And here is what else is planned for 2023:
- Targeted marketng.
- 2D NFT collection launch.
- Listing on CoinGecko.
- First audit.
- Multi-exchange listing. Currently, the token is only traded on PancekeSwap, paired with a wrapped BNB.
- iOS and Android app releases.
A project that is run by the community. According to the creators, their goal is to give all people access to secure and fully decentralized finance and thus “put power back in the hands of the people.” To do this, the developers plan to use the potential of the community, decentralization, and the power of blockchain to the maximum.
According to the official website, Baby Doge CEO holders will be able to earn rewards through staking and playing P2E games related to the project. In addition, the following aspects should make Baby Doge CEO unique:
- A powerful team. Many of them have worked at large financial companies that specialize in marketing (it is not specified which ones). As such, the team is expected to solve problems quickly and easily.
- Anti-FUD chat. FUD [fear, uncertainty, and doubt is generally a strategy to inflame perception by disseminating negative and dubious false information and a manifestation of the appeal to fear] is forbidden in chat rooms to protect the community and grow the token.
- Supply and liquidity. The maximum supply is 420 quadrillions. There are enough tokens for everyone, plus it’s probably assumed that the value of the asset will occasionally rise because of the burning.
For the last 24 hours, the asset grew by 195,95% to $0.000000000006, thus reaching a historical maximum.
In contrast to the previous token, Baby Doge CEO already has a whitepaper and has been audited by Safuudit. And, apparently, the creators do not intend to stop there, so they have plans for the near future:
- Listing Bitmart.
- Listing BabydogeSwap.
- Baby Doge CEO burn event.
- More CEX listing (Gate.io, MEXC).
- Baby Doge CEO NFT marketplace.
- Babe Doge CEO DEX.
For now, according to CoinMarketCap, the asset can only be purchased on the PancakeSwap exchange. On the platform, the token is traded in pair with wrapped BNB.
At the time of writing, the asset is trading at $0.00000000001, which is 140,35% higher than the day before. The token’s trading volume has also increased, with a 580% gain in the last 24 hours.
The project was also launched after a series of tweets from Elon Musk and represents a decentralized meme coin with a focus on “long-term adoption and growth.” The token itself is used to incentivize community members and promote the product ecosystem.
According to bscscan, the asset has 5,430 holders as of this writing, and a total of 420Q tokens have been issued into circulation.
When you enter the project’s official website, the first thing that catches your eye is the “NFT Marketplace” button. However, it is probably still under development because when you click on the button, an error is displayed.
As for the tokenomics of the project, the distribution of coins and transactional moments are as follows:
- 5% is distributed to all holders of ShibCEO, encouraging them to hold onto their tokens for the long term.
- 3% is used to buy back and burn ShibCEO tokens, declining the total supply and increasing the price of remaining tokens.
- 2% goes to fund marketing and development activities, including partnerships, advertising, and community outreach.
- Initial liquidity provided will be locked by PinkSale.
- 2% of the marketing and development budget will be held.
As for the creators’ plans, they are reflected in the roadmap. Among these, it is worth highlighting the following, which may affect the value of the asset:
- Binance AMA.
- Buyback and burn.
- ShibCEO NFT launch.
- List on CEX.
- ShibCEO chain.
- Listing on Binance
However, for now, just like the previous tokens, SHIBCEO can only be bought on the PancakeSwap exchange.
We’ve reported on this token before. On April 3, FLOKI CEO dramatically gained 54% after listing on the MEXC exchange. In the last 24 hours, the asset has gained even more — over 70% — and is trading at $0.0000000001684 as of this writing.
Thus, the asset has reached its historical maximum. If you look from the beginning of the token issue till now, if you had invested in FLOKICEO at the start, you would now have x5,6 of your invested amount.
The token boasts the following features:
- Security. The smart token contract is verified by AnalytixAudit.
- Transparency. Marketing wallet, financial wallet, burning information: all data is available to the community.
- Renounce ownership. The project team gave up ownership of SMC, so nobody can control FLOKI CEO.
- Listing. Users can buy the token at nine exchanges, including PancakeSwap, MEXC, LBank, BKEX, Biswap, BitMart, Baby DogeSwap, BabySwap, and CoinTiger.
What CEO is the best one?
Musk’s tweet caused a mass of CEO tokens to appear on the market. We have described only a small part of them — those that have recently shown the most activity and growth in value.
As for long-term investing, it is likely that none of them can provide guarantees of growth yet, as each project is still in its early stages. However, in the short term, some CEO tokens can be used to generate some profit, but you can decide which one to invest in only after careful research.