We wanted a stablecoin that truly represented the resilience of the U.S. dollar, but also, we wanted it to be fun. You know, like a meme, but serious. That's where the name came from.
Turns out, pegging a currency to Twitter memes wasn't the most solid foundation. Who could've seen that coming?
I wanted a safe haven for my portfolio, plus, the name is hilarious.
As the coin's value collapsed from $1 to $0.69, then swiftly to $0.00, Token2049 attendees realized they had been left holding a metaphorical bag-not of nuts, but of regrets.
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