The taxi rides would be false, but the coin is right. Truth porn company False Taxi has launched a “creator coin,” a new traipse on social tokens and meme coins, via Zora on Nasty. And it’s speeding up the charts.
Since rebranding to become the house of creator coins on Coinbase’s Ethereum layer-2 community Nasty, Zora has presented thousands of diverse creators to its platform, which “coins” or creates a token for every put up and profile created.
None include been as winning as the False Taxi Coin, which trades as FAKETAXI, the token launched by the U.Ok.-based totally mostly grownup film company False Taxi. The company has been round since 2013, and makes roughly $8 million in yearly revenue from its verbalize, in accordance to recordsdata from RocketReach and Zoominfo.
Purchasing and selling at a $10 million market cap as of Thursday afternoon, False Taxi’s token tops the Zora’s creator charts, better than doubling the market cap of tokens for well-liked creator and artist Jack Butcher and the Zora co-founder Jacob Horne.
“FAKETAXI is the skilled token of FakeTaxi.com. Entirely backed and supported by the authentic founders and house owners,” an X memoir associated with the skilled False Taxi memoir posted in its “Backseat Manifesto,” the skilled declaration of its token aims. “As fans of crypto and all things on-chain, now we include been in the trenches alongside you, and now it is time to carve out our recognize course on the blockchain.”
In response to the manifesto, owning the token will present holder perks adore verbalize leaks and storyboard discussions, with on the help of the scenes verbalize and video chats with performers. The verbalize will most likely be made readily accessible to those in the “Backset Billionaires Membership,” a series of holders that help no now not up to 1,000,000 FAKETAXI tokens, or round $10,500 price at most contemporary prices.
The token has snappy gained in recognition, attracting better than 1,000 particular person holders in accordance to on-chain analytics machine DEXScreener since launching a pair weeks prior to now.
The honour comes at a essential time in the token launchpad wars, as Zora targets to invent launchpad market section from main platforms adore Pump.relaxing and LetsBonk, which include been dueling for supremacy on the snappy Solana community for the previous couple of months.
Though previously dominated by Pump.relaxing, LetsBonk surged to a main market section in on each day basis tokens created in early July, and has prolonged its lead since then. Nevertheless that section has diminished, indirectly being flipped emphatically by Pump.relaxing on Wednesday when the platform launched 24,081 tokens, or six times extra tokens than LetsBonk, in accordance to recordsdata from the Memecoin Wars Dune dashboard.
Zora has ceaselessly surpassed that number since its pivot to creator coins, but now not all tokens are created equal.
Leading tokens from Pump.relaxing and LetsBonk, adore FARTCOIN and USELESS, defend $995 million and $205 million market caps, respectively–a long way surpassing the $10 million market cap that FAKETAXI boasts for Zora.
That’s unlikely to discourage FAKETAXI group contributors though, who include adopted the slogan, “Form now not place a quiz to the place we’re going, appropriate get in.”
