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recap is solely dedicated to the $WOLVES.

The Pack Is Ready To Run

Yesterday at 15:00 UTC Wolfpack BSC went live on PancakeSwap with a token supply of 10,000,000,000 and a starting market cap of $2,000. At its height, the market cap approached $10,000 before retreating to the $6,000 to $7,000 range. A few profit takers saw gains of two to four times their investment, but were hit with a 12% tax on the sell. This sell tax will be in place for the first 48 hours of trading. Afterwards, the buy and sell taxes will be set to 6%, and the contract will be renounced. A breakdown of how taxes will be divided will come later.

Wolfpack BSC is a migration of the former Blues Brothers dual token burn and NFT project. Blues Brothers saw early success, but the developer chose to move away from the dual token system in favor of the Wolfpack BSC concept. To achieve the migration, Blues Brothers holders were required to send in their $JAKE or $ELWOOD tokens and add the new Wolfpack contract to their wallet for an airdrop of equivalent $WOLVES tokens. I participated in this migration, and I can personally say that it progressed as described in the Wolfpack BSC telegram group. The move allows the team to focus efforts on a single token, and it likely saves time and effort when it comes to milestones like listing on CoinGecko and CoinMarketCap.

Standing Out Among the Pack

The meme coin landscape can be challenging, and token success, if achieved, can be short lived. The Wolfpack are playing the long game. They aim to build community and drive token value through marketing and burns. Currently, token revenue comes from transaction taxes, which have already accounted for a 1% supply burn since launch. During the first 48 hours after launch, the taxes are as follows:

• 6% Buy (2% Liquidity, 2% Buyback and Burn, 2% Marketing)
• 12% Sell (4% Liquidity, 4% Buyback and Burn, 4% Marketing)

After the initial 48 hours conclude, the taxes will be set at 6/6 and evenly split between liquidity, buyback and burn, and marketing. Once set, the Wolfpack BSC contract will be renounced. Liquidity is currently locked for six months, but the team plans to extend the lock period.

Token staking was immediately available at launch, with farming following shortly after. An overwhelming 20% percent of supply is dedicated to staking and farming rewards. At last glance, more than 26% of the token supply was being staked on the WeStakeIt platform.

These Wolves Are Hungry

I’ve staked tokens on a number of platforms, but WeStakeIt has, by far, the cheapest fees I’ve ever paid. To approve and stake, it cost me a total of $0.09. That is INSANELY low! The promise of a 15% monthly return on no-lock staked tokens is insane as well. Couple staking with the current three-digit farming APR and it’s easy to see why $WOLVES holders are excited. When all is said and done, there will be some fat wolves – myself included.

So Where’s The Value?

It will be interesting to see what the Wolfpack BSC team learned from their experiences with Blues Brothers. The key, in my opinion, is increasing the value of the token through smart marketing, partnerships, and collaborations. The number of tokens committed to staking and farming should keep buyers coming in and sticking around. An NFT collection will be coming at some point, but the team are not promising groundbreaking products and utilities. At the moment, $WOLVES holders are banking on the intrinsic value driven by a growing and inviting community. In order for this to work, the community must actively drive engagement and not leave it solely on the team.

In my opinion, the current rewards from staking and farming, combined with the low entry market cap, make taking a position in $WOLVES an easy decision. I’m in, and I will definitely be watching $WOLVES closely.

Contract and Socials

Contract Address: 0x580716cdde60b62cbceeb0d746e85c2c2e6b40bc

Website: https://the-wolfpack.eu/

Twitter (X): https://twitter.com/Wolfpack_bsc

Telegram: t.me/wolfpack_bsc