Preface

Although most Meme coins exist on the Ethereum (ETH) and Solana (SOL) blockchains, the BNB chain also has some famous Meme coins, among which one is particularly interesting, why the elephant has entered the crypto world with its unique mascot and background story.

What is Why an elephant (WHY)?

Why an elephant (WHY) is an innovative and humorous Meme coin based on the BNB chain. Its unique feature is the mascot Madphant, a dual-personality elephant with bipolar disorder. It transforms into a fierce Meme coin killer at night, attacking every Meme coin it encounters in its dreams, imagining them as peanuts it can't eat. During the day, it transforms into an elegant ballet dancer, with no memory of its nighttime adventures. This dual nature embodies the mission of Why an elephant, to dominate the Meme coin market with humor and aggression, ultimately becoming the top Meme coin.

Project Background

The founder of WHY believes that most Meme coins lack uniqueness and cultural connotations, relying solely on short-term speculation to attract investors, making it difficult to survive in the long term. Why an elephant hopes to break this pattern by combining a highly creative concept with the 'elephant' as a mascot, attracting a large community through the story of Madphant, evoking people's associations with wisdom, strength, and steadiness, while injecting a lighthearted and humorous element, and establishing a project based on active investors.

The name WHY comes from an inside joke among the founding team: 'Why an elephant?' This seemingly simple question actually echoes the voices of many people seeking answers in the blockchain world.

Technical Features and Functions

1. Low threshold and high fun: WHY's design is easy for beginners to get started with, and its main promotion direction is fun, which has attracted many Meme coin enthusiasts.
2. Fair Tokenomics: To emphasize the project's attention to fair launch, all tokens in liquidity pools will be permanently destroyed and the token ownership contract will be released.

Token Economics

Why an elephant (WHY) has a total supply of 420 trillion tokens, with a carefully designed fair tokenomics plan aimed at promoting fairness and transparency, and building trust in the community.

50% of the total supply is reserved for presale. This strategic allocation plan allows early supporters to have the opportunity to obtain WHY tokens from the early stage of the project, encouraging widespread participation and early investment, ensuring that a large number of tokens are available during the presale period, stimulating a broad investor base, strengthening community participation, and laying a solid foundation for the token's market position.

In addition to the presale allocation, 40% of the total supply is reserved for the liquidity pool. The focus of this large allocation is on the stability of the market, promoting trading convenience by providing sufficient trading liquidity, thereby enhancing user confidence. Another 5% of the token allocation is given to the well-known figure Yi He in the cryptocurrency field, adding significant credibility and visibility to the project. There is also 5% allocated to CZ (Changpeng Zhao), the co-founder of Binance, not only acknowledging its 'local' presence, but also further enhancing the project's image and reputation in the crypto community.

• Presale allocation: 50% of the tokens are allocated for the presale to attract early investors.
• Liquidity Pool: 40% of the supply is allocated to the liquidity pool to ensure trading stability and liquidity
• Prominent figures support: 5% of the tokens are allocated to Yi He and CZ (former CEO of Binance) to increase the credibility and exposure of the project

In addition, to emphasize the project's focus on fair launch, all liquidity pool tokens will be permanentlyDestroyand relinquish the token ownership contract, which can ensure that there is no central authority controlling the project, thereby enhancing investor trust.

Highlights of Tweets Review

1. Why an elephant (WHY) released its first tweet on 3/22 and reached 4,787 views.

2.3/24 forward Binance post, and the currency name was $Ele at that time, and it was later changed to $Why

3.4/3 Token distribution message released

Dexscreener has been upgraded to 4.4/5, and the LP was destroyed on the same day, giving up ownership.

5. Change the original token $Ele to $Why

6.7/16 BNB Chain provides $200,000 in BNB liquidity for $why

7. Gate.io lists $WHY

Celebrate CZ's return to freedom on 8.10/7 and offer 1% of the tokens

TrustWallet, a subsidiary of Binance, launched $WHY on 9.10/15

Opened a new X account on 10.11/11@InWhyWeTrust

Related data

According to CoinGecko data before the deadline, the market value of Why an elephant (WHY) reached 6.3 billion US dollars, with a total supply of 420 trillion tokens, adopting a deflationary mechanism, and the fees are also used to destroy the tokens of BNB and WHY.

2. According to GeckoTerminal data, as of the deadline, the current number of holders of this currency is 80,914, and the address with the largest holding according to ARKHAM data shows a holding value of $7.63 million $WHY.

3. In addition, two of the top 10 accounts by holdings are also Gate.io accounts, with a total value of approximately $6.3 million.

4. According to CoinGecko, the largest trading market is Gate.io.

Summary

Why an elephant (WHY), as an emerging Meme coin, not only demonstrates the importance of humor and creativity in the cryptocurrency market, but also uses the image of an elephant as a cultural carrier to convey the spirit of resilience and exploration. With its unique story and active community participation, Why an elephant has the potential to become an important player in the future Meme coin market.

Relevant linkage

Official website:https://www.madphant.com/
X:https://x.com/whyanelephant、https://x.com/InWhyWeTrust
Get WHY(WHY):https://www.gate.io/en/trade/WHY_USDT