MogCoin is a memecoin, created by a group of friends to bring a playful element of internet culture into the crypto ecosystem.^[1][2]

Overview

MogCoin is a cryptocurrency project initially conceived as a joke among friends, which has since transformed into a recognized memecoin in the cryptocurrency realm. Launched via a fair Uniswap V2 LP in summer 2023, $MOG distinguishes itself through its memetic branding and cultural content.

It aims to embody the concept of "effortless cosmic domination," promoting self-confidence and community support within decentralized finance. The joycat symbol associated with $MOG represents community resilience and a commitment to positivity within the decentralized ecosystem.^[1][2]

Design

$MOG's design is influenced by internet culture and the concept of "mog," originating from the term AMOG ("alpha male of group"). This internet slang, popularized around 2021, signifies superiority or attractiveness. The Joycat symbolizes the project's adoption of a carefree ethos, emphasizing positivity and community resilience within decentralized ecosystems.^[1]

Tokenomics

$MOG is the ERC-20 token used for transactions within the Mog ecosystem, bridging between Bitcoin and Ethereum via Multibit and operating on the BRC-20 network for two-way bridging. According to CoinEx data, $MOG has a market cap of $286.19 million with a circulating supply of 390.57 trillion tokens out of 420.69 trillion.

The token adheres to ERC-20 standards and includes a burning mechanism to reduce supply post-launch, potentially increasing token value. Team members hold 12% of tokens, ensuring broad distribution among investors and the community.^[2]

Merch

The MogCoin community has introduced merchandise featuring MogCoin memes, including shirts, hoodies/sweaters, and hats, which are available for purchase. These items provide supporters with an opportunity to express their interest in MogCoin through wearable products.^[3]