April 16, 2024 – Condo, the world’s first meme token backed by real-world asset (RWA) investments, has launched on the Base chain. This innovative project marks a significant shift in the meme token landscape, integrating tangible assets into the equation.
Condo goes beyond the typical meme token focus on social media buzz. Besides, it offers a unique value proposition: a community-driven treasury that actively invests in real-world assets. Inspired by Nathan Allman, the visionary founder of Ondo Finance and the groundbreaking Ondo-Blackrock partnership, Condo positions Nathan as the official ginger mascot of crypto, symbolizing industry innovation.
A nominal 3% transaction tax (on both purchases and sales) fuels Condo’s treasury, which has already amassed $105,000 within just 11 days of launch. These funds will be strategically invested in leading RWA products like the Ondo US Dollar Yield Token (USDY) and lending pools offered by Maple Finance. This approach fosters the advancement of innovative RWA projects. In addition, it generates passive income for the Condo treasury.
This unique treasury strategy positions Condo DAO to actively invest in DeFi and real-world asset protocols. Thus, it leverages their existing infrastructure to create a new vision for modern capital markets on the blockchain.
“Condo represents the evolution of meme tokens into a powerful force driving real-world asset investments,” stated the Condo founder. “Our innovative treasury strategy aims to revolutionize the meme token landscape and make meaningful contributions to the future of finance.”
Unlike traditional meme tokens reliant on speculative trading, Condo’s treasury prioritizes investments in real-world assets. Thus ensuring long-term growth and stability. This proactive approach strengthens the token’s intrinsic value while fostering the development of innovative RWA projects, ultimately driving long-term sustainability and community prosperity.
Condo acts as an incubator, nurturing the development and expansion of pioneering RWA projects. The treasury’s investments will fuel its growth, with aspirations to reach tens of millions of dollars and establish strategic partnerships with leading RWA projects.
Tokenomics:
– Blockchain: Base
– Total Supply: 10 billion Condo Tokens
– Distribution:
– 90% Circulating Supply
– 5% Airdrop for RWA community projects
– 2% CEX Listings
– 2% Marketing Wallet
– 1% Development
– 0% Team Tokens
A Seasoned Team for Future Success
Condo’s experienced team is dedicated to building a suite of products inspired by the Condo community’s collective vision. The team comprises seasoned professionals with expertise in RWA fund management, early adoption and liquidity provision in the RWA space, development of leading RWA projects and meme tokens, graphic design, marketing (including a key player in the early success of Floki and Luna), and legal compliance.
The Base Chain Advantage
“Condo strategically selected the Base chain due to its mission to onboard millions of users to web3 with economical transaction fees (below a penny),” the Condo founder added. “This cost-effective approach aligns perfectly with Condo’s goal of democratizing access to RWA investments.”
Condo is currently available for purchase on Uniswap on the Base chain.
Join the Condo Community
For more information and to join the Condo community, visit www.condobase.xyz.
Stay updated on the latest developments and connect with the vibrant Condo community by following them on Twitter (@Condo_Base) or Telegram (https://t.me/Condo_Official).
Media Contact
Contact Person – Meka Hero
Email – MediaRelations@Condobase.xyz
