Press Release

Condo Unveils World’s First RWA Meme Token on Base Chain to Democratize RWA Investing

April 16, 2024 – Condo, the world’s first meme token backed by real-world asset (RWA) investments, has launched on the Base chain. This innovative project marks a significant shift in the meme token landscape, integrating tangible assets into the equation.

Condo goes beyond the typical meme token focus on social media buzz. Besides, it offers a unique value proposition: a community-driven treasury that actively invests in real-world assets. Inspired by Nathan Allman, the visionary founder of Ondo Finance and the groundbreaking Ondo-Blackrock partnership, Condo positions Nathan as the official ginger mascot of crypto, symbolizing industry innovation.

A nominal 3% transaction tax (on both purchases and sales) fuels Condo’s treasury, which has already amassed $105,000 within just 11 days of launch. These funds will be strategically invested in leading RWA products like the Ondo US Dollar Yield Token (USDY) and lending pools offered by Maple Finance. This approach fosters the advancement of innovative RWA projects. In addition, it generates passive income for the Condo treasury.

This unique treasury strategy positions Condo DAO to actively invest in DeFi and real-world asset protocols. Thus, it leverages their existing infrastructure to create a new vision for modern capital markets on the blockchain.

Condo represents the evolution of meme tokens into a powerful force driving real-world asset investments,” stated the Condo founder. “Our innovative treasury strategy aims to revolutionize the meme token landscape and make meaningful contributions to the future of finance.”

Unlike traditional meme tokens reliant on speculative trading, Condo’s treasury prioritizes investments in real-world assets. Thus ensuring long-term growth and stability. This proactive approach strengthens the token’s intrinsic value while fostering the development of innovative RWA projects, ultimately driving long-term sustainability and community prosperity.

Condo acts as an incubator, nurturing the development and expansion of pioneering RWA projects. The treasury’s investments will fuel its growth, with aspirations to reach tens of millions of dollars and establish strategic partnerships with leading RWA projects.

Tokenomics:

– Blockchain: Base
– Total Supply: 10 billion Condo Tokens
– Distribution:

– 90% Circulating Supply
– 5% Airdrop for RWA community projects
– 2% CEX Listings
– 2% Marketing Wallet
– 1% Development
– 0% Team Tokens

A Seasoned Team for Future Success

Condo’s experienced team is dedicated to building a suite of products inspired by the Condo community’s collective vision. The team comprises seasoned professionals with expertise in RWA fund management, early adoption and liquidity provision in the RWA space, development of leading RWA projects and meme tokens, graphic design, marketing (including a key player in the early success of Floki and Luna), and legal compliance.

The Base Chain Advantage

“Condo strategically selected the Base chain due to its mission to onboard millions of users to web3 with economical transaction fees (below a penny),” the Condo founder added. “This cost-effective approach aligns perfectly with Condo’s goal of democratizing access to RWA investments.”

Condo is currently available for purchase on Uniswap on the Base chain.

Join the Condo Community

For more information and to join the Condo community, visit www.condobase.xyz.

Stay updated on the latest developments and connect with the vibrant Condo community by following them on Twitter (@Condo_Base) or Telegram (https://t.me/Condo_Official).

Media Contact

Contact Person – Meka Hero

Email – MediaRelations@Condobase.xyz

Sophia Jennifer

I'm Sophia Jennifer from the United States working in social media marketing It is very graceful work and I'm very interested in this work.

Recent Posts

AI-DePIN: Why Institutions Are Betting Big and Expecting Large Returns

Artificial Intelligence (AI) is transforming industries, driving innovations in healthcare, finance, autonomous vehicles, robotics, entertainment……

1 day ago

Artemis (ARTMS): The Best Crypto Presale Captivating Investors

The best crypto presales market has a new rising star – Artemis Coin (ARTMS). This project stands…

2 days ago

Crypto for Compassion: $MAYO Token Unites Community to Save Paralyzed Cat

In an inspiring display of compassion and innovation, the cryptocurrency community has come together to…

4 days ago

SolarSX: World’s First Solar-Powered RWA-Based Crypto Mining Platform

As global awareness of carbon emissions grows, the push for sustainable solutions has become more…

5 days ago

Rexas Finance Shines as Gold Partner at WOW Summit 2024 in Bangkok

We are excited to announce that Rexas Finance successfully joined WOW Summit 2024 as a Gold Partner,…

1 week ago

The 7 Best Staking Platforms for Steady Passive Income in 2024

Of late, staking has emerged as one of the major weapons for crypto investors who…

1 week ago