BorpaToken Set to Launch on 27 June: Is it the Next Generation Meme Coin or Con?

Meme coins have captivated the cryptocurrency world, with an endless stream of new projects introducing novel spins on digital currency.

However, the majority of enthusiasts have moved past the allure of project roadmaps, instead opting to chase the latest speculative trends in the hope of making a fortune.

The market has transformed in such a way that a project's value is no longer grounded in its fundamental qualities.

Instead, its true worth is derived from its capacity to maintain visibility, supported by compelling narratives and bolstered by robust tokenomics.

Meme coins are susceptible to dramatic shifts in value over brief intervals, propelled by the prevailing hype around the token.

They often feature a vast or unlimited supply, leading to extremely low per-token values.

Many meme coins lack foundational technology or a practical application, making their value entirely dependent on market sentiment.

Here Comes BorpaToken

Amidst the mountain of meme coins, yet another has recently emerge.

Meet BorpaToken!

According to their website, they described BorpaToken as a blend of fun and madness:

“BorpaToken aims to redefine what a memetoken can be. With the absurdity but cuteness of Borpa memes at our core, we marry Dogecoin's friendly ethos, Sushi's tactical value, and FOMO3D's edgy gameplay into one unique experience. Our meticulously crafted tokenomics elevate the entire experience, promising to shake up the whole cryptocurrency industry.”

BorpaToken merges contemporary token design with strategic marketing, achieving viral popularity.

It is constructed upon the successes of projects like Dogecoin, Sushiswap, and FOMO3D, aiming to distinguish itself within the meme coin domain.

The development team describes BorpaToken as "a whimsical yet endearing world inhabited by tiny green creatures with disproportionately large eyes called Borpas."

These creatures are divided into two realms: Cro-magnon and Futuristic Borpas, due to disruptions in their world.

The project team is confident that meme coins can surpass their rivals as the cryptocurrency industry transitions from technology-centric approaches to those focused on capturing attention.

BorpaToken is dedicated to maintaining its prominence amidst the previous generation of quick-revenue, low-quality meme coins.

Unlike competitors, BorpaToken is committed to ensuring its project stands out from the low-quality, quick turnover strategies prevalent in the meme token arena.

With the support of their partner Entangle, BorpaToken will launch simultaneously on the Ethereum, Arbitrum, BNBChain, Base, and Solana blockchains.

This multi-chain strategy allows BorpaToken to engage with diverse crypto communities, expanding its reach and influence across various blockchains and their ecosystems.

This approach enhances the project's visibility and drives substantial deflation, perhaps even positioning BorpaToken as a trailblazer in the meme token sector.

BorpaToken distinguishes itself significantly from typical meme coins through its unique tokenomics approach.

Unlike many others that follow a stealth launch model prone to insider control, BorpaToken allocates 80% of its total supply to the community.

This distribution occurs predominantly through a financial game where rewards correspond to the risk tolerance of participants.

This innovative design aims to equitably distribute tokens to adventurous users while enhancing overall visibility and engagement.

The Financial Game

BorpaToken transforms the decentralised finance (DeFi) landscape into an engaging financial game, incorporating trading, liquidity provision, looping, farming, boosting, and ve3,3 mechanics.

It offers an immersive way to grasp Game Theory and DeFi principles while earning money within a vibrant community.

With 51% of the $BORPA supply allocated through this Financial Game on popular DEXs across multiple blockchains, community members can strategically compete for tokens.

This gamified approach not only fosters interaction but also enhances the system's deflationary features, ensuring mutual benefits for all participants as increased engagement leads to greater token burns.

BorpaToken Information

Token name: BorpaToken

Symbol: BORPA

Total supply: 1,000,000,000 BORPA

However, because of the burn mechanisms incorporated into the game, the token is deflationary and the total supply will decrease over time.

BorpaToken Distribution

Community: The largest portion of the supply, 41%, is set for liquidity mining through the financial game.

Private & Public Rounds: 29% of the total supply is allocated for the private and public sale rounds.

Initial LP: 5% of the total supply is used to provide initial liquidity across the five chains they will launch on.

Airdrop: 10% of our total supply has been set aside for a community airdrop, split into two categories:

WebverseNFT Holders: 6% will go to Entangle ecosystem. Tokens received are based on how long you have staked your Webverse NFTs or your $NGL tokens. 4% goes to Weaver and Agent NFTs while 2% goes to $NGL stakers, with 33% available at TGE and the rest over three weeks.

Borpa Community: The remaining 4% is earmarked for their community.

Team: 10% of the supply is reserved for the team that is making all of this possible. After the initial 112-day Liquidity Mining Program, these tokens will be gradually released over a period of 14 days. This mechanism guarantees a fair environment where the team cannot interfere with the meme token supply distribution or act in any way that would disadvantage participants.

Stakeland: 5% of the supply will be distributed to the Stakeland questers. 50% 3 days after TGE and the remaining 50% through a two weeks linear unlock. Whenever BORPA is transferred, 1% of the amount is permanently burned.

Through a buy-back and burn mechanism, the project creates a cycle where user participation increases token value, benefiting all holders.

Supply distribution and supply evolution graphs

Token Generation Event on 27 June at 2pm UTC

The 29% allocated for the private and public rounds are further distributed as such:

Private Sale: 10% Total Supply

10% of the total supply (100 million tokens) is being sold.

Tokens are priced at $0.00278 each.

The goal is to raise $278,000.

At the Token Generation Event (TGE), 33% of the tokens will be liquid, the rest will vest over three weeks.

Public Sale: 19% Total Supply

Whitelist: 15% Total Supply:

15% of the total supply (150 million tokens) is being sold.

Tokens in this round are priced at $0.00562 each. ($5.6 FDV)

The fundraising goal here is $843,000.

All tokens from this sale will be liquid at the TGE.

Overflow Public Sale: 4% Total Supply:

4% of the total supply (40 million tokens) is being sold.

Tokens are also priced at $0.00562 each.

The aim is to raise $224,800.

Tokens from this sale will also be completely liquid at the TGE.

The Public Sale will be divided into four individual parts:

A. Whitelist Round

The whitelist round went live from 5 June at 6PM UTC to 8 June at 5:59PM UTC. During this period, users could purchase up to $200 worth of tokens (in SOL) for each whitelist their address held. A total of 4,170 whitelists were available, offering 150 million fully unlocked tokens at the Token Generation Event (TGE). Any unsold whitelists were moved directly to the next round.

B. Overflow Round

The overflow round was held from 8 June at 8PM UTC to 15 June at 5:59PM UTC. During this period, users could invest any amount of SOL. At the end of the sale, participants received a pro-rata share of BORPA based on the total overflow, with any excess investment eligible for a refund. A total of 40 million fully unlocked tokens were available for sale during this round.

C. Claim

On 27 June at 2PM UTC (10pm Singapore time), the claim page will go live, allowing participants to claim their tokens based on the rounds they joined. Concurrently, the financial game will begin distributing its initial rewards to the whitelisted Borpa pairs. Users can interact with the financial game from other chains, including Solana, using the Entangle bridge for burning and minting.

Unique Project Features

Distinct Aesthetic of Borpa

Developing anonymously garners attention but also presents challenges in establishing trust within the crypto community.

To address this, the BORPA team adopted a dual-themed approach.

The meme coin appeals to both newcomers and seasoned investors, offering distinct paths: becoming a Cro-Magnon or a Futuristic Borpa.

This choice influences users' success and trading strategies, enhancing their engagement and potential returns:

- Futuristic Borpas align with expert trading mode.

- Cro-Magnons represent easy trading mode.

Community-focused Distribution

The meme coin industry often suffers from unequal token distribution, with bots and developers controlling most resources due to low initial valuations.

Investors who engage without thorough due diligence risk falling victim to scams.

This project introduces a token model that allocates most of the supply through liquidity provision for pairs listed on whitelists across multiple blockchains.

Investors can tailor their strategies to match individual risk tolerance.

Features such as Lock, Redeem, Boost, and Slash allow active members to secure tokens while adding value to the community.

Increased platform interaction leads to more token burns, ultimately enhancing the token's value.

Borpass Fartune Mechanism

Many cryptocurrency projects struggle with retention due to speculative behaviour and the allure of new tokens, making sustained momentum a challenge.

BORPA addresses this issue through a dual aesthetic approach, fostering community-driven derivative products.

A pivotal retention strategy involves a lottery-style mechanism where active users stand a better chance of winning cash prizes.

This approach incentivises ongoing engagement and contributes to the project's value proposition.

Buy-back and Burn

BORPA is crafted to incentivise user engagement, ensuring competitiveness in token distribution.

A key innovation is its buyback and burn mechanism, which establishes a self-sustaining cycle.

As user interaction intensifies, BORPA tokens are systematically burned, fostering a dynamic ecosystem and bolstering token value progressively.

This reduction in supply prompts market self-regulation to bridge the capitalisation gap through increased token purchases.

Consequently, this mechanism drives up BORPA's price, APR for pairs, and potential for sustained growth.

Roadmap

Phase 0: BORPA

Private Round

Game P1

Whitelist Process

Public Launch

Official Launch

Phase 1: BORPAAA

Start of Financial Game

Game P2

High APR and Deflation

Borpass Activation

Coingecko Listing

Tier 2 and 1 Exchange Listings

Phase 2: BORPAAAAAAAAAAAA

End of Financial Game

Gamification Results

Project Integration

$BORPA Launched on Stakeland

Stakeland is a pioneering social staking platform designed to bolster the Memeland ecosystem and promote the development of meme coins.

By allowing users to stake $MEME and other cryptocurrencies, Stakeland provides a distinct opportunity to earn tokens from emerging projects at minimal expense.

Rigorous anti-bot measures ensure equitable distribution of $MEME rewards, establishing Stakeland as a pivotal platform for investors venturing into the dynamic meme coin landscape.

Since its launch on 19 June on Stakeland, BorpaToken has integrated its speculative appeal and cult following, aiming to amplify interest across the cryptocurrency community.

Borpa Origins & Team

The Borpa meme, a hand-drawn rendition inspired by Pepe the Frog, gained initial traction online in 2019 and surged in popularity on Twitch by 2021.

While the Borpa Token project is not directly affiliated with the original meme creator, the team drew inspiration from its viral appeal.

Artist Thomas Auvin has expanded upon the meme, crafting a diverse universe of quirky Borpas, each with its own distinct personality and backstory, all hand-drawn to preserve the meme's essence.

BorpaToken made its debut on 29 January 2024, positioning itself as the inaugural "Next Generation MemeToken," aiming to establish new standards of quality in the cryptocurrency realm, according to the team's vision.

Website

X

Discord

Medium

Entangle (Dev Team)

Borpa is incubated by Entangle Labs. It’s a 20+ strong team with expertise in both EVM and Rust development.

Social: X

Psychonaut (Founder)

A crypto veteran with seven years of market experience.

Social: X

Thomas Auvin (Lead Artist)

A versatile illustrator with decades of experience across various visual mediums.

Social: X

BorpaToken: Legit Coin or Obvious Con?

BorpaToken represents more than just a meme coin; it embodies a promise of financial entertainment and potential gains in a market hungry for innovation, according to its team.

With its recent debut on Stakeland and the upcoming launch scheduled for 27 June on multiple blockchains, along with the commencement of farming activities, $BORPA appears poised to captivate investors and assert itself as a significant player in the crypto landscape this year.

Despite its early stage, the depth of its tokenomics, token distribution, unique features, and gameplay suggests legitimacy.

Coinlive advises to observe the community's response post TGE launch on 27 June before concluding if it truly is the next generation meme token as touted or simply a well-hidden con.