Sam Bankmeme Fried is a parody memecoin, with the ticker symbol $SBF, built on the Solana blockchain. It is a novel crypto project that brings humor to the cryptocurrency world while promoting community involvement and innovation.^[1][2]

In 2023, $SBF received a shoutout on Twitter from the verified Dogwifhat account and regularly participates in $WIF community spaces.^[3]

Overview

Sam Bankmeme-Fried was launched on November 26, 2023, on the Solana blockchain, drawing inspiration from the events surrounding the collapse of the FTX exchange and its CEO, Sam Bankman-Fried. It is primarily a meme coin but also offers Telegram marketing bots for the Solana ecosystem, including a crypto research bot, a multi-modal meme generator, and a raid bot called RaidQuest.^[1]
The memecoin serves as both a parody and a social commentary on the cryptocurrency industry, particularly focusing on its risk management practices and the ethical implications of leadership within the sector. Initially founded by a group of individuals who later departed from the project, leading to a community takeover, Sam Bankmeme-Fried has achieved a 4-month track record of consistent community growth and engagement. Its success is attributed to a community-driven approach characterized by active engagement through social media and involving the community in platform development decisions.^[4][5]

Community and Culture

The Sam Bankmeme-Fried project revolves around its community, known as "Sams." This community is not just an add-on but a core part of the project. Members of the $SBF community actively engage in the project's development and promotion, contributing to a collective narrative that blends elements of role-playing with cryptocurrencies.

The project is also known for its unique communication style, characterized by irreverent humor and a penchant for satire. This is most notably expressed through "prison journal" entries, fictionalized accounts written from the perspective of Sam Bankman-Fried in a humorous and exaggerated tone. These entries serve as both a form of entertainment and a satirical commentary on the events surrounding the real-life figure and the broader cryptocurrency industry.^[1]

SAM AI BOT

The Sam AI Bot is an AI-powered Telegram bot used for crypto research, community engagement, and later, on-chain analysis. It is currently in private beta, but free to use in its Telegram community.

The bot is an uncensored AI model that can discuss crypto and other financial topics not found in ChatGPT. It also offers Real-time data from top crypto and finance news to even the most obscure sources like 4chan's /biz/.^[6]

Tokenomics

The total and maximum supply of the $SBF memecoin is 99,991,999. The tokens are fully distributed to the liquidity pool and feature no taxes, allocations, or presale, emphasizing a fair distribution model.

$SBF is available for trading on Poloniex and Raydium. On Raydium, it boasts the most active trading pair, SBF/SOL, and the largest daily trading volume. In the coming weeks, $SBF plans to conduct an airdrop for over 120,000 Solana Saga smartphone owners.^[7][8]

Utility

$SBF can be used across various Solana-based platforms including, Orca, Raydium, and Jupiter. Serving as a meme coin with decentralized governance features, $SBF is closely linked to the SBF DAO. This token plays a crucial role as the governance token for the SBF DAO, empowering holders to engage in key decision-making processes within the ecosystem. Beyond its memecoin status, $SBF offers a practical and valuable utility, enhancing its significance within the Solana ecosystem.^[1]

Technology

Sam Bankmeme Fried ($SBF), is built on the Solana blockchain, a smart contract platform founded by Anatoly Yakovenko. Solana stands out for its innovative transaction verification method, which combines proof of stake with its unique proof of history system.

$SBF's ownership structure is designed to prioritize decentralization. It includes full renouncement of ownership and zero creator and Token Update Authority balances. This approach sets SBF apart from other memecoins, addressing concerns about centralization and giving the community a significant role in shaping its development.^[4]