Boomer
Boomer is a community-driven meme coin on the Base Blockchain, dedicated to safely onboarding the next 10,000,000 Boomers into the world of crypto and Base. Through education, empowerment, and the support of an unparalleled community, Boomer serves as a pioneering platform, offering a secure environment where crypto newcomers can learn about the industry and avoid early pitfalls in this evolving landscape.[1][2]
On June 27, 2024, Boomer achieved a historic milestone by becoming the first meme coin to be directly accepted for purchases at Howard SF, San Francisco's prestigious 20,000-square-foot event venue, without the need for conversion to USDC.[3]
Launch and Initial Setback
Boomer was launched on March 25, 2024. On the first day, the original developer abruptly exited after manipulating the first block using multiple wallets. When the token's market cap reached approximately $1 million, the developer began dumping tokens, causing the market cap to plummet to around $77,000. Subsequently, the developer offered the current lead team an opportunity for a community takeover.[4]
Hey guys, I don't think it's working out. We're not going to be able to do this. I'm sorry, but I'm leaving. - The original Dev
In response to the developer's exit, the community organized a Google Meet to coordinate a recovery plan. They took control of the Telegram and Twitter accounts and began repurchasing $Boomer tokens. With a newly assembled and fully doxed team of experienced executives, they started rebuilding the project from scratch.[1]
Overview
The Boomer community aims to transform $Boomer into a unique token within the memecoin space, emphasizing community building and public education on on-chain activities and crypto safety. This mission emerged from community discussions, highlighting widespread experiences of scams, including the initial setback caused by the original developer.
The project is dedicated to producing and distributing educational content such as videos, articles, and guides. These materials are designed to be both entertaining and highly shareable, available on the Boomer website and social media pages. The goal is to simplify complex crypto concepts and provide clear, accessible information for both beginners and more experienced users.[5]
Boomer offers a series of engaging videos aimed at helping newcomers understand the intricacies of cryptocurrency. The community-focused educational resources are intended to empower individuals throughout their crypto journey. Also, one of its main missions is to safely onboard and educate the next 10 million users on the Base blockchain. By joining Boomer, individuals become part of a vibrant, growing community eager to explore and navigate the exciting world of digital currency together.
The project boasts a vibrant community committed to demystifying the world of cryptocurrency for Boomers. Members actively contribute to the marketing wallet, which funds the project's expenses and marketing efforts. Additionally, the community hosts random giveaways for members who participate in various activities.[6]
On July 6, 2024, $BOOMER was listed on Aerodrome, a central trading and liquidity marketplace on Base.[7]
Tokenomics
$BOOMER was launched on the Base Chain with a maximum supply of 1 billion tokens, with a circulating supply of 926,930,545 tokens, creating a finite number of tokens in circulation to encourage scarcity and potential long-term value appreciation. For greater decentralization, its contract has been renounced, and it features a 0% tax rate, ensuring no additional fees on transactions. The initial liquidity has been burned, which enhances the security and potential value of Boomer tokens. Additionally, 7.5% of the total supply has been burned.[8]
The tokenomics of Boomer on Base are designed to promote stability, incentivize holding, and encourage active community participation. $BOOMER is available for purchase on various decentralized exchange (DEX), Centralized Exchanges (CEX) platforms, and aggregators on Base, including Uniswap, Poloniex, and XT.Com.[9][1]
Historical-first transactions
San Francisco's "Just Build" crypto happy hour at The Howard SF has made waves by announcing its acceptance of Boomer Coin, as a payment method. This decision, revealed during a Twitter Space session hosted by Boomer, marks a pioneering move in the mainstream adoption of memecoins for transactions. The Howard SF, known for its support of innovation, chose not only to accept Boomer Coin but also to retain it rather than convert it to traditional currency, signaling a bold endorsement of crypto as a legitimate form of payment.[10]
We don't want those coins converted to USDC. The primary driver to that is that we want to make sure that we're a part of the community. So if we're going to support the meme community, the meme culture, then we have to stand on that. - Kevin Best, Owner of The Howard SF.
This development underscores a growing trend towards embracing alternative payment options in the cryptocurrency market. The acceptance of Boomer Coin at "Just Build" represents a significant milestone for both Boomer and Coinbase's Base ecosystem. Supported by Coinbase's Smart Wallet technology, which facilitates seamless transactions, this initiative highlights the practical utility of memecoins beyond speculative investments. It sets a precedent for future adoption of cryptocurrencies in everyday commerce, illustrating their potential to revolutionize payment methods.
This is the first time that you can transact with a Base meme coin in real life with your Coinbase wallet, and the merchant will keep the meme coin as the native form of payment. This is history in the making. - Petoshi, one of the original Boomer community founders
For Boomer, this achievement is part of its broader mission to educate and onboard new users to crypto and Base Chain securely. By providing educational resources and fostering community engagement, Boomer aims to empower individuals to navigate the complexities of the digital economy confidently. This initiative at The Howard SF not only promotes crypto integration but also serves as a testament to the community's commitment to innovation and progress in the cryptocurrency space.[11]
BoomerBot
The BoomerGPT assistant is an AI-powered chatbot integrated into the official $Boomer website and Telegram. It provides immediate support and educational resources to visitors. This bot serves as a helpful tool for users seeking information and guidance related to $Boomer, enhancing accessibility and user engagement on the platform.[1]
Merch
The Boomer community has launched a line of merchandise featuring Boomer memes, including shirts, hoodies, sweaters, and hats. These items allow supporters to proudly display their affiliation with Boomers. All proceeds from merchandise sales are directed towards taxes and marketing initiatives for the $BOOMER community, further supporting the project's growth and visibility.[12]
Technology
Base Chain, created by Coinbase, is a Layer-2 blockchain platform that offers a secure, low-cost environment for developing new intellectual property. Known for its active and supportive community, Base Chain provides an ideal setting for innovation and growth.[13]
$BOOMER was strategically launched on Base Chain to capitalize on its low transaction fees, robust security, and engaged community. This decision aligns with the project's objectives of fostering innovation and ensuring a stable growth environment. The possibility of future integration with Coinbase presents additional benefits, enhancing utility and accessibility for $BOOMER users. The team is currently focused on fully utilizing the advantages of Base Chain and has no plans to expand to other networks, ensuring they prioritize the project's and investors' best interests.[2]
How to Buy $Boomer
Connect to Base
- Navigate to the 'Settings' option within the wallet and locate the networks section.
- Manually add a new network using the following details:
- Network Name: Base
- RPC Endpoint: https://mainnet.base.org/
- Chain ID: 8453
- Currency Symbol: ETH
- Block Explorer: https://basescan.org
- Save the information and click on 'CONNECT TO BASE.' After completing this step, connect to Base by selecting it from the network selection menu.
Fund the Base Wallet
- Transfer ETH from Coinbase, Binance, Bybit, or OKX to the Base wallet, ensuring Base is selected as the withdrawal network.
- Use one of the following bridges to transfer ETH to Base from another chain:
- Official Base Bridge: https://bridge.base.org/deposit
- Orbiter: https://www.orbiter.finance/
- Stargate: https://stargate.finance/
- To use these bridges, connect the wallet, choose the network to bridge from, select Base as the target network, and specify the amount of ETH to transfer.
