Flow Gets a MemeCoin 💸
A new podcast, LG's canoe photos, and the first shitcoin on Flow.
What’s up everybody, it’s LG Doucet here.
I have returned from the wilderness.
For 4.5 days I was emerged in the backwood of Western Canada on a canoe trip with some pals.
No NFTs. No Sports. No Internet.
I returned late Sunday night from a degenerate transformative experience, where we paddled more than expected and carried canoes on our shoulders for miles on end.
Most of it looked like this.
Upon my return to the internet, I was greeted with the news that the SEC is suing Binance over securities violations, in what could be one of the biggest crypto companies yet closing doors in the US - an event that would devastate the market.
Included in that lawsuit is the extra spicy evidence of Binance’s CCO proclaiming “we are operating as a fking unlicensed securities exchange in the USA bro.”
Yikes.
Moments later, I found out that FLOW now has a shitcoin ($LOPPY), which is hilarious because Dapper/Flow have worked hard to be the “safe” blockchain for brands, only to now sport a massively unregulated token akin to the shitcoins found on the streets of the Ethereum Mainnet.
What is $LOPPY?
Is it a “shit coin”, as in a silly ass currency with no real world value that is mainly designed to pump and dump itself into oblivion.
It was created by super collector Alxo, and minted to only 10,000 supply with half of that staying in the DAO’s treasury. The DAO is named Sloppy Steaks.
I believe it was inspired by comedian Tim Robinson (this guy)
What does $LOPPY do?
Absolutely nothing.
Like other popular shitcoins (most notably $PEPE, which mooned last month and inspired thousands of copycats), $LOOPY has no utility. Its just for fun.
However, community-built marketplace Flowty is now allowing listings and purchases with $LOOPY.
Where can you buy $LOOPY
Before I continue, I must remind you that this is not financial advice. This is a fucking shitcoin and it will likely pump them dump hard. Do not buy it. Make your own financial decisions. I bought a bit of it and made a liquidity pool, and I’m only telling you that because I have to.
You can buy it on Increment.Fi with FLOW or another currency.
You will need a Blocto wallet, as Increment is not yet compatible with Dapper (lol come on).
Does this mean FLOW is cool now?
No, not yet.
Flow seems to lag behind when it comes to the “scene” of NFTs.
Flow is the corporate kid. It’s Richie Rich. It’s role as the OG is negated by the fact that is has no humbleness filter and likes to just stand around and pretend it owns the place.
The cool kids don’t want that.
They want edgy. They want fringe.
They don’t want corporate language, VCs, and too much red tape.
But maybe, just maybe, a shit coin like this can get Roham and team back onto the main crypto stage, from which they have lacked relevancy for the last 12-18 months.
maybe
To learn more, you can check out this thread from the legend Arsonic (the Cody Zeller guy), who also happens to drop into this week’s episode…
🎙️217 - Flow’s First ShitCoin, Dangers of the Outdoors, and Top Shot Firesale (w/ special guest Arsonic)
Well wouldn’t you know it, FLOW is trying to flex some big shitcoin energy by propagating the use of $LOPPY, its first ever pump and dump scheme. On today’s show, we dive into the dangers of the wilderness and are then joined by special guest Arsonic who walks us through the coin and his recent firesale on Top Shot.
On this show:
2:45 - Going to the forest
6:30 - LG went on a canoe trip
27:00 - Phil wants to go to Everest
43:00 - Phil took over TFM Twitter
1:02:20 - Surprise Guest: Arsonic!
1:09:00 - Flow’s first shit coin $LOPPY
1:19:00 - What ever happened to Genies??
1:24:00 - Why Arsonic is selling ALL his Top Shot
1:35:00 - Arsonic’s trading habits
1:55:00 - Hot Take of the Week
Clips from the show
🔥Hot Take of the Week
This one was pretty random, and the answers were great guesses.
But clearly only one person truly knows me…
For reference, this is from a show called Reboot, which is about life inside a computer. The city is called “Mainframe” and the citizens must band together to defeat the “user” at different games that coming into town. Very Tron-esque.
Thursday | The Ultimate Fighter (UFC Strike)
Cost: Base $15 / Elite $49
Supply: Base 8,500 / Premium 180
Time: Thursday morning PST
Thoughts: I like this one because its TV-show themed and will feature Conor McGregor, Michael Chandler and other top athletes from past season of the show.
The NFT market was up last week, and the sports world reflected that!
Some pretty decent volume pumps for the regulars.
As you guys know, Phil D was in charge of Twitter for a few days while I was away on a canoe trip. And the posts did not disappoint!
This was an absolute classic moment in TFM history
And to jump on today’s announcement of the Apple Vision Pro, a little question for the faithful.
**This is not financial advice. Nothing in this newsletter, podcast, or publication should be considered financial or trading advice of any kind. Please do your own thorough research and make your own trading decisions. This is not advice.”
About The First Mint
A web3 sports community. Collectibles, NFTs, and Metaverse.
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Another Great episode, definitely a better podcast with the new format!! BUT you got to be a idiot to buy $loppy!! Unless you want to lose money buying a Flow 💩 coin that Alxo & Luke started and control over 50% supply since they the treasury too lol