A Memecoin Celebration
As the luck of the Irish descends upon us this St. Patrick’s Day, crypto enthusiasts have something extra to cheer about with the emergence of Paddy’s Day, $PADDY. This solana chain memecoin, celebrating the joyous St. Patrick’s Day theme, is gearing up for an epic celebration on March 17th.
A Journey of Resilience and Innovation
Originally launched on SPL22 using PrintPad by Print Protocol, Paddy’s Day boasts a unique approach. With a 2% tax allocated for marketing, zero dev/team token allocations, and a team hailing from the $PRINT community, this project seems to be primed for success.
The team encountered an initial hiccup during launch when a sniper acquired 20% of the token supply within minutes. Undeterred, they orchestrated a controlled sell to rectify the situation, demonstrating resilience and strategic acumen.
Community-Centric Solutions
Despite the setback, the team’s commitment to community welfare shone through. Recognising the limitations of SPL22 for wider memecoin adoption, they swiftly pivoted to SPL, ensuring inclusivity and accessibility for all.
Engaging existing holders in the migration process, the team secured approximately 50% of the token supply, setting the stage for a seamless transition. Their dedication to transparency and fairness was evident as they distributed new tokens to existing holders as promised.
A Vision for the Future
Lead dev, affectionately known as “Paddy The Baddy,” shared insights into the project’s journey. With unwavering determination, the team navigated challenges, innovated solutions, and emerged stronger than ever. Their commitment to the project’s growth and the community’s well-being is palpable.
Here is what he shared with us earlier;
“Our initial launch had been a success but unfortunately a sniper had purchased 20% of the total supply within the first couple of minutes. This presented some possible challenges to progress and grow the project with such a large amount of supply being held by a single individual.
Normally during a project launch you will see early snipers taking profits, but in this instance they kept hold of the majority, even though they had taken some profit on the initial run up in price.
As a team we decided that it was in the best interests of the project and all our holders to intervene early on and conduct a controlled sell on the chart. By shaking out the large holder we were able to focus on growing the community and undertaking some marketing, without risk of such a large holder unloading all their tokens.
Unfortunately it also became obvious that the memecoin community is still not ready for spl22 and we had to discuss internally and amongst some of our larger holders to work out a way forward.
Spl22 alongside PrintPad enabled us to launch without any token allocation to the team and incorporate a small 2% tax to fund our marketing and operations.
After more considerations we took the decision to re launch Paddy’s Day as an spl project. We have successfully conducted a sell of around 50% of the token supply by pooling together as much of the tokens as we could from the community and will use these funds to get the new LP setup and live, hopefully sometime early Friday. We have also already sent existing holders their new tokens in preparation for the new contract going live and are jsut going over all the final details. Excitement is building within the team.
Over the course of a single week, we will have launched essentially two projects, successfully dealt with a sniper, drained a liquidity pool albeit for positive reasons and we are very excited to get the back on track for Paddy’s Day this weekend.
We would like to thank all of our community for sticking with us through this rocky start and look forward to growing the project as we originally intended.“
As the relaunch on SPL approaches, excitement is growing. With the liquidity pool funds primed and the community rallying behind them, Paddy’s Day is poised for success. This St. Patrick’s Day weekend promises to be one for the books as Paddy’s Day leads the charge in crypto celebrations.
Join the Festivities
To embark on this thrilling journey with Paddy’s Day, follow them on X (@paddyonsol) and join their appropriately named Telegram community, Paddy’s Pub. Get ready as we toast to innovation, resilience, and the spirit of St. Patrick’s Day with Paddy’s Day!
Ticker: $PADDY – old contract address: FihP2Cupu92JeWh9Ezn3unEccdgHsZfWZyFi13KzBhqT – New CA to be confirmed by the project when ready.
