MEME Coins
A Beginner's Guide to BRETT: A Meme Coin on Base
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In Brief
Explore our beginner’s guide to the BRETT token, a meme coin on the Base network.
Base meme coins have gained popularity over the past several months and among these, the BRETT meme coin on the Base network has captured the attention of many—offering a unique blend of humor, community, and growth potential. Join us as we explore BRETT on the Base network, shedding light on how this meme coin became popular.
Before You Get Started
Before you explore BRETT on Base in more detail, it’s important to remember that you can manage BRETT using Trust Wallet.
You can download Trust Wallet as a mobile app, or you can install the Trust Wallet Extension for your desktop browser.
What is BRETT?
BRETT is a meme coin on the Base network, and its mascot is a character in Matt Furie's Boys' Club comic. BRETT launched in February 2024 and is currently the largest Base network meme coin by market cap. BRETT is dubbed as “PEPE’S best friend on BASE,” one of crypto's most significant cultural icons and the mascot of Base blockchain.
It's worth mentioning that the BRETT token, though inspired by the well-known meme "Brett," is entirely separate from Matt Furie and his work. It's simply a playful tribute to the meme.
How Does BRETT Work?
The BRETT meme coin’s valuation hinges on community engagement and hype rather than a predetermined strategy.
A notable aspect distinguishing BRETT is its renounced contract and absence of a minting function. This signifies that the token's trajectory is wholly community-directed. The BRETT meme coin creator is unable to generate additional tokens or manipulate the contract. Instead, BRETT relies heavily on its vibrant and dedicated community to fuel its development.
While BRETT doesn’t have a roadmap in place, the meme coin has done well to achieve significant growth. One of the benefits of being built on Base is that the network is expanding quickly. BRETT could potentially capitalize on the growing opportunities that the network presents.
BRETT Meme Coin Utility
BRETT currently lacks specific token utility, its cultural significance as a mascot of the Base chain makes it a prominent symbol within the Base network. According to BRETT’s official website, it boasts the following utility:
Strong Partnerships
BRETT has established strategic alliances with leading entities in the cryptocurrency industry, bolstering the project's long-term sustainability and expansion.
Growing Ecosystem
The Base Chain's ecosystem is rapidly diversifying, witnessing a proliferation of projects and applications. This burgeoning environment sets a robust groundwork for BRETT's prosperity, enabling it to harness the capabilities and knowledge of other ventures in the field. As the Base Chain flourishes, so does BRETT's potential to thrive and broaden its offerings.
Strong Community Support
Both the Base Chain and BRETT enjoy substantial endorsement from the cryptocurrency community. Numerous influential figures express optimism about the project's prospects. This robust community support lays a sturdy foundation for the project's advancement and triumph, ensuring a dedicated user base committed to championing and advancing both the memecoin and blockchain technology.
BRETT Tokenomics
Understanding the tokenomics of a cryptocurrency is crucial for gauging its potential value. Here's a breakdown of BRETT's tokenomics:
Total supply: BRETT boasts a fixed total supply of 10 billion tokens. This fixed amount limits the creation of new tokens, potentially influencing scarcity and future value.
Fair launch: BRETT embraces a fair launch model. This means there was no presale, ensuring everyone had an equal opportunity to acquire tokens at launch.
No taxes: Unlike some meme coins that levy transaction taxes, BRETT currently doesn't have any taxes on buying or selling the token. This can incentivize trading activity but might also impact long-term value.
Distribution
Liquidity Provider (Locked): 85%
Treasury: 10%
Centralized exchange wallet: 5%
Remember: Tokenomics can evolve over time. It's important to stay updated on any official announcements from the BRETT team regarding potential changes to the tokenomics structure.
How to Swap ETH (Base) for BRETT Using Trust Wallet
You will need to have ETH on the Base network in your wallet. You can deposit ETH (Base) from another wallet or from a centralized exchange. Here’s how:
Select “Receive” from the home screen.
Choose the Base network from the list of networks on the top left of your screen.
Search for “ETH (Base),” and select it.
From here you have two options. You can either:
Copy your deposit address and use that on your exchange account or other ETH (Base) wallet to send funds to.
Use the “Deposit from exchange” option to deposit crypto seamlessly from your exchange account.
Once you have ETH (Base) in your wallet, here’s what you need to do:
Open the Trust Wallet app on your mobile phone.
Click “Swap” on the bottom left side of your screen.
Change the “From” network to Base and choose ETH (Base) as your token
Change the “To” network to Base and choose BRETT (Base) as your token.
Enter the amount of ETH you would like to swap.
Click “Continue.”
Remember that in addition to BRETT, Trust Wallet lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.