After launching successful NFT projects, Wall Street Memes announced the launch of its meme token on May 26, 2023 – $WSM.
With the world of meme coins constantly expanding, what does $WSM token bring to the table and how can presale buyers invest in WSM?
This article covers how to take part in the Wall Street Memes presale, with a step-by-step guide on how to buy WSM at wallstmemes.com.
Wall Street Memes Presale Overview
Known for its internet meme community across Instagram, Twitter and the NFT space, Wall Street Memes (WSM) has now entered the crypto market by introducing its $WSM token. This move follows its well-known OpenSea NFT collection, “Wall St Bulls”, which sold out within half an hour in 2021.
More recently their Wall St Bulls Ordinals NFTs were listed on Magic Eden in 2023, a move from Ethereum NFTs to Bitcoin NFTs.
The Wall Street Memes token presale is their first community rewards token and the project, which also offers staking rewards, has seen huge interest since launch.
At the time of writing, more than $25 million has been invested in $WSM since launch, with the presale set to close on September 25 in the coming weeks ahead of a highly-anticipated initial exchange offering (IEO).
Details for the IEO have not yet been confirmed, but it is expected to take place on a leading tier-1 centralized exchange.
Each $WSM token was priced initially at $0.025, with the WSM price rising gradually over time – tokens can currently be purchased for $0.0337 in the final round.
While presales often entail risks, the substantial backing from WSM’s community – boasting one million followers across social media – signals potential success. Investors that buy Wall Street Memes also receive a discounted entry price.
Its large community could be a factor distinguishing this new crypto project. Influential personalities like Elon Musk have also interacted with the platform’s Twitter handle.
If that continues, it could pave the way for future listings on tier-one exchanges such as Binance which recently listed trending meme coins Pepe (PEPE) and Floki Inu (FLOKI).
Building on its meme coin brand, Wall Street Memes looks to build on its existing community this meme coin season. Its following and previous NFT successes could hint at a bright future for the $WSM token.
The tokenomics further underline this – 100% of the token supply is earmarked for the community, with half for the presale, a fifth for liquidity, and the remaining for community rewards. See our WSM price prediction.
Designed as a speculation and rewards token, $WSM aims to carry forward the legacy from the memorable GameStop incident of 2021.
Meme tokens, despite lacking utility, have topped price charts during each crypto bull run, as evidenced by Dogecoin (DOGE), Shiba Inu (SHIB), and this year Pepe (PEPE).
The $WSM token, backed by a strong community and set to hit exchanges later this year, aspires to do the same and more, with the project also offering generous staking rewards.
So far, more than 325 million tokens have been added to the staking pool, which is currently offering an estimated APY of 55%.
Wall Street Memes buyers can join the Wall Street Memes Telegram Group to stay updated with the latest developments.
Buying Wall Street Memes Tokens: A Detailed Guide
Here’s a detailed, step-by-step guide to help you buy the Wall Street Meme tokens.
Step 1: Establishing Your Crypto Wallet
Owning a crypto wallet is critical for participating in any crypto presale. MetaMask is the preferred choice for desktop users, while Trust Wallet is commonly used among mobile users.
However, both platforms offer desktop and mobile versions. You can visit metamask.io to set up MetaMask or download Trust Wallet from the App Store. The Wall Street Memes presale is compatible with several other wallet options through the WalletConnect feature.
Step 2: Connecting Your Wallet
Upon setting up your wallet, visit the official Wall Street Memes website and click ‘Connect Wallet.’ Now you can select either MetaMask or Wallet Connect from the options provided.
Step 3: Exchanging Crypto for $WSM
The next step is to decide how much of your ETH, USDT, or BNB you wish to exchange for $WSM tokens. You can buy these cryptos from an exchange or most crypto wallets. Alternatively, you could buy Wall Street Memes tokens using a debit or credit card.
Use the presale widget on the platform’s website to exchange your crypto for $WSM. Please note gas fees, which are necessary for the transaction, vary by the time of day and network congestion.
Step 4: Finalizing Your Purchase
Before you confirm your order by clicking ‘Buy Now,’ ensure you review all transaction details, including network fees. Note that the minimum purchase requirement is 100 tokens.
Step 5: Claiming Your Tokens
Once the presale is completed, a Token Generation Event (TGE) will occur. You can visit the platform’s website to claim your tokens when this happens. After the tokens have been claimed, they can be located in your wallet by importing the token’s smart contract address into MetaMask or any other wallet.
Presale tokens can also be immediately claimed and added to the staking pool, which is currently offering an estimated APY of 55%.
Wall Street Memes has emerged as a new player in the meme crypto space by introducing its $WSM token.
The strength of its community, underlined by the fact that it has raised more than $25 million during the presale suggests a positive trajectory for this project.
The presale is set to close on September 25 ahead of an explosive IEO, with the project also offering generous staking rewards of an estimated 55% APY.
This article has broken down the steps for investing in the WSM token during its presale at wallstmemes.com, from setting up a crypto wallet to claiming the tokens after the token generation event.
The anticipation surrounding the $WSM token is evident in the community’s response, and it’s speculated that this might replicate the successes seen with other meme coins.
Wall Street Memes (WSM) - Newest Meme Coin
- Community of 1 Million Followers
- Experienced NFT Project Founders
- Listed On OKX
- Staking Rewards