What is the meaning of WSM? Overview of the Wall Street Memes Project.

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7 May 2024

What is WSM?

Wall Street Memes (WSM) represent the grassroots movement of individual retail investors challenging the dominance of Wall Street in financial markets. The project has gained significant traction in recent months following a successful token presale and plans for listing on reputable exchanges.

Key Features of Wall Street Memes

Large and active community support: With over 1 million active supporters on social media, Wall Street Memes has a strong influence, resulting in over 40 million impressions on social media platforms and attracting attention from top crypto experts. Elon Musk's engagement with the project has further boosted interest from major investors, with cryptocurrency "whales" investing millions during the presale phase, driving up the token price upon listing.

Continuing the legacy of Wall St. Bulls: Building on the success of the founding team's disruptive actions during GameStop's short squeeze, which had a significant impact on traditional Wall Street markets, Wall Street Memes has achieved further success. The launch of the Wall St. Bulls NFT collection sold out in just over 30 minutes, garnering over 2,000 ETH. These accomplishments underscore the project's ability and commitment to benefit the community.

Staking mechanism for passive rewards: The platform offers a Stake-to-Earn mechanism, allowing token holders and investors to lock up WSM tokens for a period and earn passive rewards. This mechanism increases scarcity and drives up the token's value over time, with a high annual percentage rate (APY) of 52%, attracting investor interest and encouraging continued token purchases and staking.

Community-centric approach: Wall Street Memes prioritizes community engagement, evident in its community-focused token allocation and commitment to creating value for token holders. An airdrop event further reinforces this community-centered approach, with five lucky participants receiving $50,000 worth of WSM tokens. Participation is simple, requiring users to purchase WSM tokens and follow a few steps on the airdrop page. WSM is listed on top exchanges and can be purchased on the official website using ETH or USDT.

Roadmap

Phase 1: Training:

Development of smart contracts.
Establishment of community and brand.
Initial marketing efforts.
Product development and merchandise.

Phase 2: Launch:

Introduction of the WSM token.
Expansion of partnerships.
Listing of tokens on DEX and CEX exchanges.
Intensification of brand awareness campaigns.

Phase 3: Community Empowerment:

Fostering a robust community.
Working towards market capitalization goals.
Listing on level 1 CEX.

Tokenomic

Token Name: Wall Street Memes
Ticker: WSM
Standard: ERC-20
Blockchain: Ethereum
Total supply: 2,000,000,000 WSM
Max Supply: 2,000,000,000 WSM

Token allocation

Marketing: 50%
Community reward: 30%
CEX liquidity: 10%
DEX liquidity: 10%

Price

The pre-sale of Wall Street Memes Coin concluded on September 25. Presently, WSM can be traded directly on OKX.

Step 1: Register new account or log in to an existing OKX account

step 2: Click Trade and select Spot in the Basic Trading section

step 3: Type WSM or select the meme section to find or access https://www.okx.com/trade-spot/wsm-usdt

Step 4: Scroll down in the order panel, click the Buy Order section, enter the amount of WSM/price you want to buy, and click Buy. The order will be displayed in the Open Orders menu. Successful buy orders will be displayed in the order history.