For over a year, memecoins have created a buzz in the crypto market. However, as profitable as these assets are, most memecoins today lack sustainability. They come into the market, create a frenzy, record meteoric price surges, and plummet within hours, days, or weeks. The missing factor is an engaging community.
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That is where The Nation Token (NATO) comes into play. Although being a memecoin, NATO describes itself as a community-driven project. This means that it prioritizes its community, and this has helped it thrive since its inception. This article delves into the details of the meme token project, its native token, and everything in between.
What is The Nation Token?
The Nation Token (NATO) is a memecoin project built on the Ethereum layer-2 scaling solution Base. As its name implies, the project focuses on giving power to the community. It is, therefore, not surprising that the memecoin project advocates the idea that the nation is not the government, but the people.
NATO’s inception dates back to the summer of 2024 when its development team commenced the creation of the project’s concept, tokenomics, and whitepaper.
As the project’s website puts it, NATO is not just a memecoin; it is a movement toward giving power to the people.
The NATO Cryptocurrency
NATO is the native token for the Nation Token ecosystem. It launched without a presale. This way, every community got an equal opportunity to own the meme token. It has a total supply of one trillion tokens.
Living up to its reputation as a community-driven project, the memecoin’s team airdropped 74% of NATO’s total supply to one million wallets on December 17th, 2024. The airdrop, representing 740 billion tokens, represented one of the biggest airdrops in the history of the Base blockchain.
The airdrop boosted the Base token’s accessibility to community members. It also increased the fairness as participants received airdropped tokens based on their participation within the ecosystem. To mitigate the risk of a rug pull, the project has locked its liquidity pool, representing 12% of its total supply, until 2030.
Today, NATO is listed on various centralized and decentralized exchanges. This includes Bitmart, Weex, Biconomy, Uniswap, and any other DEX that supports the Base blockchain.
NATO is being used for on-chain governance, implying that token holders can partake in voting procedures that will determine the project’s future.
How to Earn in the NATO Ecosystem
Today, the project continues to offer rewards to active community members. Through TaskOn, a Web3 task collaboration platform, the Nation Token’s team has introduced a monthly reward system where the top 50 ranked participants share a 1,000 USDC reward. Here is a breakdown of how the tokens are distributed to each user:
- 1st: $200
- 2nd: $150
- 3rd: $85
- 4th: $75
- 5th: $55
- 6th: $45
- 7th: $35
- 8th: $25
- 9th: $20
- 10th: $15
- 11th-29th: $10 each
- 30th-50th: $5 each
Anyone can join the monthly airdrop by performing simple tasks, such as learning about the Nation Token, engaging with the project in its social activities, buying or holding the NATO crypto in your wallet, participating in its governance procedures, and supporting the token on coin listing sites. Each of these activities is tied to a specified number of points that users earn upon completing the task.
Pros
- No presales.
- Outlined whitepaper.
- Detailed roadmap.
- Publicly known team members.
- Low market price for new investors.
- Powered by the fast and efficient Base network.
- Community-driven project.
- Large followings across its social media platforms.
- Supports on-chain governance.
Cons
- NATO does not rank among the top cryptocurrencies by market capitalization.
- The token is subject to unpredictable price volatilities.
About the Team
Unlike most memecoin projects, where the development team members hide their identity, NATO’s team is publicly known. Here are the key members of the project and their roles:
- Davide Chelaru: CEO
- Danut Vicu: Advisor
- Pantelis Rousakis: Senior Marketer
- Raluca Vicu: Consultant Expert
- Jamie McCormick: Senior Crypto Marketer
- Zak: Social Media Manager
Conclusion
The Nation Token has distinguished itself from other memecoins in the industry by introducing utilities and rewarding systems that will foster longevity. The airdrop of 74% of its total supply was only the beginning. Through its monthly TaskOn activities and yet-to-be-attained items on its roadmap, NATO is on track to become one of the biggest community-driven memecoins in the market. Remember, though, that memecoins are highly speculative assets. Hence, it is crucial to conduct thorough due diligence before deciding whether to invest in a crypto asset.
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