Memecoins
How Tea Brewing Changed the World of Meme Coins
Dan Burgin
Solana-based TEA coin gears up for ambitious plans
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TEA, the meme currency with a cleaner, more ethical approach to cryptocurrencies, has announced its roadmap alongside an upcoming listing on crypto exchange CEX. These developments mark a significant moment for the burgeoning meme currency, proving its validity in the cryptocurrency market and promising great rewards for its early adopters.
What is TEA?
TEA is a Solana-based cryptocurrency that raised 38,888 SOL in its presale, with a staggering $3.4 million raised in the first ten minutes alone. With this funding, the project will allow its members to earn TEA through its staking and farming initiatives while contributing to charitable causes.
The TEA community has three million members, who have rallied around the project in less than a week. With their holdings, users can stake TEA for set periods of time to earn interest. For example, staking for two weeks earns the holder 5% interest, while staking for a month brings that figure to 15%.
Stakers can claim their rewards at any time, or choose to farm tokens via TEA liquidity pools. Through farming, users provide liquidity to TEA token pairs on various decentralized exchanges. This process allows them to earn additional TEA, as well as other meme coins.
Conversely, users can choose to burn their TEA by sending it to a burn contract. By burning TEA, token holders reduce the total supply of the asset. This will create a shortage and, theoretically, increase the value of the token. Token burns also contribute to charity, with 50% of all tokens in the burn pool being donated to environmental and educational organizations around the world.
Breaking down the TEA roadmap
The all new TEA road map details everything the team has planned for the future. While users are already aware of TEA’s initial plans, such as staking, farming, and the project’s overall tea-nomics (tokenomics), there’s still a lot to come.
For example, the project’s TAP TEA cryptocurrency game, which will bring new utility to the ecosystem. In the game, players can tap to earn additional currency, providing additional TEA that they can stake, farm, or burn. The TEA team is anticipating 1 million downloads of its TAP TEA game.
The TEA Project focuses on real-world impact, not only through its charitable giving, but also through its Pending Tea initiative. Pending Tea is TEA’s network that allows anyone to pre-pay for a cup of tea at any participating café around the world. Additionally, future partnerships with RWAs are in the works, according to the updated roadmap.
Most notable, however, is the first centralized stock exchange listing of the TEA project.
TEA for all
Becoming available on a centralized exchange is no small feat. With this listing, the TEA token will benefit from a few key advantages:
- Additional Liquidity: Centralized exchanges are one of the most accessible ways to invest in cryptocurrencies. By being listed on a centralized platform, TEA will likely be subject to more investment and, therefore, increased liquidity.
- Legitimacy: While almost any cryptocurrency can be listed on a decentralized exchange, centralized exchanges are typically more selective about the assets they support. Having TEA listed on a centralized exchange gives it legitimacy and assurance, which can lead to additional investment.
- Detailed statistics: Many centralized exchanges provide detailed statistics on the history and usage of a cryptocurrency. These details help traders understand the history of a project and can motivate them to invest in it.
A future of bold flavors
While these short-term developments are promising, the project’s long-term plans are even more ambitious.
In the not too distant future, TEA plans to list on additional centralized exchanges, offer additional decentralized finance features, and launch its ambassador program to further reward its users. Such offerings highlight the TEA project’s charitable and user-centric approach to cryptocurrency.
TEA continues to progress towards its major goal of reaching a market capitalization of $1 billion. It is very likely that the listing on the CEX will contribute to reaching the first milestone of this goal, namely a market capitalization of $100 million.
Try the challenge
The cryptocurrency market is flooded with meme coins. However, many of these projects exist just for fun or as a way to scam their users. They don’t have the utility or ethics of a project like TEA.
With its ethical and charitable approach to digital assets, TEA represents an evolution of the classic meme currency, unlike anything the market has seen. This excitement is evident in the project’s near-instantaneous community growth as well as its impressive $3.4 million fundraise in just 10 minutes.
With features like token staking, listing on a centralized exchange, and potential for real-world impact, TEA is a meme coin to watch.
About the Author
Dan Burgin
Dan is a news writer and author with 12 years of experience in finance and emerging technologies, with a specialization in crypto. Covering a wide range of topics, from fintech startups to AI, he provides an in-depth look at the current state of the cryptocurrency market, as well as insights into its potential for future disruption.