HAHA Coin: dApp Staking Proposal

Thank you for your support and active participation in the Telegram chat!

We’re thrilled to have you following HAHA since its launch and happy to see you still so active. Your belief in our project means a lot to us, and we’re committed to continuing to make HAHA a significant part of the Astar ecosystem.

Warm regards,

tora0515

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Thank you for noticing our hard work and recognizing the value HAHA Coin brings to the ecosystem.

We appreciate your support and thoughtful perspective on what role a project should strive for within the Astar ecosystem. We believe that every project, regardless of its category, should be evaluated on its merits and contributions. Rest assured, HAHA will continue to build and actively contribute to the growth and success of Astar.

Warm regards,

tora0515

3 Likes

Thank you for your strong support and for recognizing the benefits HAHA Coin brings to the Astar ecosystem.

We are committed to continuing our efforts in driving awareness, increasing participation, and fostering growth within the Astar community. Your encouragement means a lot to us, and we look forward to contributing even more to the Astar Network dApp staking program.

Warm regards,

tora0515

4 Likes

This is a very interesting discussion.
I agree with both the supportive and the concerned opinions.

Based on HAHA Coin’s activities so far, I’m in favor of its listing on dApp Staking.
Accepting HAHA Coin as the first meme coin project to be listed on dApp Staking and then examining the positive and negative aspects that arise from it would be the best approach to build an optimal framework.

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Thanks for the insight
This approach could help as a way to measure all DAPPs
Activity on social platforms like twitter and onchain activity is a key to a healthy DAPP and overall ecosystem
We are trying to cover both in a fun and engaging way for community

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I support the establishement of HaHa dApp.

the team is serious and try to build something more than just a hipe around a meme coin. I think it will be benefic to Astar network and Astar zkEVM.

I beleive that they will put all their effort to show to the community that not every meme coin is a scam and can actually be used as a tool to foster attention, interest and fun in an ecosystem while bringing new users.

Only thing i would like to get in a more detailled description is the planified allocation of the reward usage.
Supply found for liqudiity providing as well as BB&B has been mentioned in the proposal which I beleive can definitly serve as the backbone to the token value.
I’m sure that providing engagment about how much (% of the dApp rewards) and how often (weekly, monthly, quarterly?) would be dedicated to those two activites would reassure those who have doubt about meme coin capacity to keep its value.

Whish you luck guys and never stop building :slight_smile:

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In general, I approach meme tokens with a bit of prejudice. However, we should not forget that Haha token is the first meme token on the Astar Network.

Many community members in the Polkadot ecosystem supported the tokens that emerged there.

I know how much the Haha team values the Astar Network ecosystem and community. Although the product presence of meme tokens is questioned in this process, the important point here is their contribution to the ecosystem.

I believe the Haha community will add value to our ecosystem. Therefore, I will definitely support this.

6 Likes

As an owner of HAHA and ASTR I support this initiative. The team behind the HAHA coin is very invested in developing this project as best as possible and the community is great. If the project continues to develop well, I would love to see collaborations between Astar and HAHA in the future.

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Thank you for your support and thoughtful comments on our application. We truly appreciate your recognition of our efforts to create value beyond meme coin hype and contribute positively to the Astar ecosystem.

Regarding your question about the allocation of dApp staking rewards, we understand the need for clarity and reassurance. Here is a more detailed explanation while maintaining the flexibility necessary for effective project management:

dApp Staking Reward Usage Breakdown:

Liquidity Provisioning:

Purpose: Enhance price stability and liquidity for HAHA Coin while increasing Astar zkEVM transactions benefiting both the token and the ecosystem.

Actions: Creating and burning LP, which involve claiming Astar, bridging Astar, buying HAHA, and pairing ASTR/HAHA. The LP tokens will be burned to lock ASTR within the liquidity pool with no owner leading to all ASTR (and HAHA) rewards being locked in a burn address, removing these from circulation.

Marketing Initiatives:

Purpose: Promote HAHA Coin and the Astar ecosystem to attract more users and increase transactions on Astar zkEVM.

Actions: Conducting buy-backs and burn events (same transactions as LP creation less the LP creation and burn), user acquisition campaigns (partnership and Airlyft campaign fees/expenses), and providing gasless claims for campaign participants (Rewards used directly as transaction fees plus the transaction to convert ASTR to ETH on zkEVM).

Ongoing Project Development and Maintenance:

Purpose: Ensure the continuous development and upkeep of HAHA Coin’s infrastructure and community engagement activities.

Actions: Covering costs related to project and community development, and other operational expenses. Transactions of this nature have mostly been on-chain to date requiring either HAHA or ASTR payments.

We deliberately refrain from specifying exact percentages or frequencies for these allocations. The reason is to retain the flexibility needed to adapt to the project’s evolving needs as well as the uncertainty of the reward flows which depend on staking tier achieved and any future change to the dApp staking program.

There may be instances where more LP creation than expected is the solution, while other times it may be more advantageous to the community to increase gasless claims for some events. Equally, higher reward tiers allow for more frequent and impactful actions, whereas lower tiers might require a longer accumulation period before significant deployment. And there is always the risk of future adjustments to the staking program which affect reward distributions.

Our primary goal remains to use the staking rewards in ways that maximize transaction activity on the Astar zkEVM network while also strengthening the project, thereby benefiting the entire ecosystem.

Thank you once again for your support and encouragement. We are committed to building a strong, engaging, and valuable project for the Astar community.

Warm regards,

tora0515

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Thank you for your comment. We appreciate your acknowledgment of HAHA Coin’s unique position as the first meme token on the Astar Network and your recognition of our commitment to the ecosystem.

We share your belief that projects should be evaluated based on their actions and contributions to the Astar ecosystem, rather than the type or category the project is part of. We hope that our application and actions to-date have demonstrated our commitment to this.

We look forward to continually contributing positively and working together to drive growth and innovation within the ecosystem.

Warm regards,

tora0515

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Thank you for your kind words. We’re grateful for your endorsement of our project, community, and this application.

Your confidence in our project inspires us to keep pushing forward. Rest assured, we will continue to develop in ways that prioritize the growth and strength of the Astar Network and its ecosystem to the best of our abilities.

Warm regards,

tora0515

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I think this meme coin its more than just a normal meme coin , their idea is brilliant (Everybody love their own mom :heart: ,moms deserve to have their meme coin :smiley: ) ,I interact with the team they are responsible and disciplined people , for sure they can add benefits to astar echosystem

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Thank you for your kind words and support.

We appreciate your recognition and are grateful to have you as part of our community.

Warm regards,

tora0515

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$HAHA has the most responsible team I’ve ever seen in meme-coins. Adding $HAHA to dApp Staking Portal will positively impact the entire Astar ecosystem in the future :alien:

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Eventhough I’m not against Meme token I myself owned few on Solana and Base for fun speculation, but things would be very different when it came to dApp Staking. What product that you offer, what is the benefit for the whole ecosystem beside marketing. Feels different with Astar Degens NFT from fun project that have intention to become a serious DAO and succesfully transformed into he first community DAO here on Astar.

But I agree with above statement that meme becoming somekind of marketing strategy in the recent trend. Somehow maybe we need to figure out which requirement for a meme token project for entering dApp Staking.

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Thank you for your comments.

First, let me clarify that marketing itself is a significant product. It is something missing from the current Astar ecosystem as the majority of projects are only indirectly promoting the Astar Network through self-promotion of their offerings (completely understandable). However, if you take a second look at our application, you will see that we have contributed substantially to the ecosystem both in creating products and working behind the scenes.

Here is a bit more on the work we’ve done regarding the Astar zkEVM:

• Collaborating with DEXs and Charting Companies to ensure Astar zkEVM was discoverable across multiple platforms.
• Successfully lobbying for cross-chain purchase for Astar zkEVM paired tokens on DeX’s
• Providing solutions to other teams on how to solve Astar zkEVM pricing errors.
• Connecting 3rd party Astar wallet teams with Astar zkEVM DeX teams to ensure native wallet could work with Astar zkEVM.
• Partnering with teams such as Airlyft to get Astar zkEVM enabled on their systems.

Regarding the comparison to other projects, I think a read of @SFY_Labs comment and our response to @you425 covers this quite well.

Multiple comments and responses have already been made regarding the criteria/ requirements for dApp staking comment. In short: We would hope all projects are judged based on their merits, not their project category.

Thank you again for your input and for considering our application.

Warm regards,

tora0515

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A project that has contributed so much to the growth of our networks is a project that I personally believe should be included in the dApp staking list. While $HAHA coin is a memecoin, it would be the first in the dApp staking so as Ramz mentioned in another post, it could be an interesting experiment.

Also, here they mention the goal of obtaining rewards from dApp staking which I think is perfect.

I am in favor of the team!

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Thank you for your encouraging words and support. We appreciate your recognition of our contributions to the network’s growth.

We deliberately chose the staking reward uses to align with our mission to further enhance the Astar ecosystem while also strengthening our project; please see our response to @Mouthmouth68 above for a bit more detail around how we plan to use staking rewards, should this application be successful. We’re excited about the possibilities this opportunity could bring.

Thank you again for your support and belief in our team!

Warm regards,

tora0515

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List HAHA Coin in dApp Staking
  • Yes
  • No
  • Abstain
0 voters
13 Likes

Here to support Although I can’t vote

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