Hey there, meme coin enthusiasts! If you’re into the wild world of cryptocurrency and love a good community-driven project, you’re in for a treat. A recent tweet by nftkid.base.eth has sparked some serious buzz about a new venture called The Based Cartel. This isn’t your average meme coin—it’s a unique experiment on the Base blockchain where 100 users are earning fees from a coin they might not even know about yet. Let’s dive into what makes this project so exciting and how you can get involved!

What Is The Based Cartel?

The Based Cartel is a group chat-turned-meme-coin-project within the Base App, formerly known as Coinbase Wallet. According to the tweet, this initiative was kicked off by the legend theBaronTAS, using a tool called flaunchgg to deploy the coin. The idea? Take 100 Base App users, give them a share of a coin that generates fees, and split the earnings among them. It’s a clever twist on decentralized finance (DeFi) that blends community spirit with passive income potential.

The group chat itself is a lively mix of NFT enthusiasts, admins, and random members, as shown in the screenshots. Names like “Quigs,” “Gene Bean,” and even “a cat” pop up, giving it a fun, inclusive vibe. The best part? Many of these users don’t even realize they’re sitting on unclaimed fees!

How Does It Work?

At its core, The Based Cartel leverages the Base blockchain, a layer-2 solution designed to make transactions faster and cheaper than on Ethereum. Here’s the breakdown:

• Coin Creation: The coin was “flunched” (a term from flaunchgg, meaning a fair-launch process) with a small fee to cover deployment costs. This ensures the token starts with a level playing field.
• Fee Generation: The coin earns fees—likely from transactions or staking—and these are distributed among the 100 members.
• Community Focus: It’s all about building a “based” (crypto slang for cool or authentic) community, with the group chat serving as the hub.

Think of it like a meme coin with a built-in revenue-sharing model—pretty innovative, right? The screenshots shared by nftkid.base.eth show different chat groups, hinting at the scale of the Base App’s user base and the potential for more projects like this.

Why It’s Making Waves

Meme coins are usually all about hype and humor, but The Based Cartel adds a layer of practicality. Here’s why it’s catching attention:

• Passive Income: Earning fees without active trading is a game-changer for casual crypto users.
• Community-Driven: The project grew organically from a group chat, making it feel grassroots and authentic.
• Base Blockchain: As a layer-2 solution, Base is gaining traction for its low costs and integration with Coinbase, giving this project a solid foundation.

The tweet’s excitement is palpable, and the replies from Kings X Sparta and theBaronTAS himself show the community is buzzing. With 2024’s blockchain fee earnings hitting $6.9 billion (and Base being a notable player), this could be a sign of more creative uses to come.

How to Get Involved

Curious to see if you’re one of the lucky 100? nftkid.base.eth shared a link (https://t.co/DMP8TOhsdO) to check your status. Here’s what you can do:

1. Visit the Link: Head over to the provided URL to see if you’re part of The Based Cartel.
2. Join the Chat: If you’re in, dive into the group chat to connect with others and learn more.
3. Claim Your Fees: If you’ve got unclaimed earnings, follow the instructions to get your share.
4. Stay Updated: Keep an eye on meme-insider.com for the latest on this project and other meme coin trends!

The Future of Meme Coins?

The Based Cartel might just be the start of a new trend in meme coins—ones that combine fun with financial incentives. As blockchain technology evolves, projects like this show how communities can come together to create value. Whether you’re a seasoned NFT collector or a newbie to crypto, this is a project worth watching.

So, what do you think? Are you excited to join The Based Cartel or just here to see where this wild ride takes us? Drop your thoughts in the comments, and let’s keep the conversation going. For more meme coin insights, stick with meme-insider.com—your go-to hub for all things blockchain and beyond!