Description
Smol is an original Treasure IP behind the popular Smol Brains NFTs, one of the earliest and the most popular PFP collection on Arbitrum. A game based upon Smol IP is currently in development by Darkbright Studios, Treasure’s in-house game studio.
$SMOL is an unofficial community-created meme coin with no stated purpose. Earlier today, $SMOL was embraced by the Smol community for the culture.
Team
The original developer and/or team behind the $SMOL token is currently unknown.
Token
As stated, $SMOL is an unofficial community-created meme coin with no clearly stated purpose and no formal utility within existing or planned game loops or purposes in Smol, Smolverse, or Treasure at this point in time.
$SMOL appears to be a fair launch project distributed to holders of Smol NFTs including Smol Brains, Smol Bodies and Smol Jrs. Ownership of the token smart contract has since been renounced by its original owner and the supply has been distributed entirely to NFTs holders with no presale or insiders.
The contract is not known to have been audited but has been reviewed by the community and concluded to be a barebones ERC-20 smart contract with one modification: the inclusion of a tax that only comes into play based on the Uniswap V2 pair it created. However, this does not apply with it primarily trading on Camelot (SMOL/WETH Camelot pool).
The total supply is 1,000,000,000,000 and 100% of supply is already circulating and has been distributed to the community.
Token contract address: 0x9E64D3b9e8eC387a9a58CED80b71Ed815f8D82B5
Benefit to Treasure
In crypto, timing and momentum is everything. As we see “meme coin season” beginning to heat up across several ecosystems such as Solana, Avalanche, and most recently Arbitrum, $SMOL has emerged as a prime opportunity for both the Smol and Treasure community to embrace the culture and leverage it to drive attention and attract new users and liquidity to the ecosystem and, by extension, MAGIC and all of the games that are building here. As both Treasure and Smol were both conceived as free mint, fair distribution projects, we are deeply aligned with the bottom-up ethos that appears to be shared by the original developer of the community token $SMOL.
Note: Please be sure to do your own research and exercise an abundance of caution. $SMOL is likely to be more volatile than other tokens currently listed on Magicswap. A listing of $SMOL on Magicswap, if ratified, does not constitute an endorsement of the community-created token by Treasure, the core contributing team, or the DAO and Treasure community at-large.
Liquidity Strategy
Like $SMOL’s inception, its liquidity strategy should be left entirely to the community.
Council Delisting Discretion
As $SMOL is a community-created token and may be highly volatile, the AMM Council should be granted the power to delist $SMOL from Magicswap at their sole discretion.
Proposal
- Approve listing of $SMOL on Magicswap
- Reject listing of $SMOL