During a bull market, investment rush in, and countless projects emerge. The rising altcoins bring investors great wealth. When it turns bearish, altcoins crush down and become worthless shitcoins. The unlucky investors face heavy losses. The core reason is the liquidity illusion: more than 99% of the altcoin liquidity is fake and vulnerable, not enough to support their book value. When the bubble bursts, their liquidity collapse and they turn into shitcoins. 

The best practice for shitcoins is to recycle their final liquidity and let them rest in peace. Only the crypto assets supported by solid liquidity are the real gem worthy of investment.

Poop is a DeFi protocol that recycles your dying shitcoins into POOP, a token that goes Up-Only. As the scavenger of the DeFi ecosystem, Poop builds its liquidity through shitcoins recycling. It is a long-neglected but essential DeFi infrastructure.

Shitcoin Recycle

The core feature of the Poop platform is Shitcoin Recycle. As DeFi degens ourselves, we see the need for a wallet scavenger helping to dump those valueless tokens that we got from bad investment decisions, random airdrops, and rug pulls. Shitcoin Recycle allows users to burn any kind of token and get POOP in return. When shit happens and you accidentally got some shitcoins in your wallet, the best bet is to recycle the shitcoin, get POOP, and let that shitcoin rest in peace. R.I.P shitcoins!

Till now, you might still question, how it can ever be possible that a token can just only go up and never go down. Well, it’s all mathematically proven and explained in the following.

The Up-Only Mechanism

The POOP token adopts an over-collateralized elastic supply mechanism, which guarantees the price of POOP/Layer-1 Coin (like BNB and ETH, hereinafter called L1 Coin) goes Up-Only. 

The mint and burn of POOP are supported by the deposits and withdrawals of the L1 Coin Backing Vault. Each time a POOP is bought (minted) or sold (burned) on the Poop platform, a small-portion tax will be charged and collected by the Backing Vault. It ensures that the reserved L1 Coin in the Backing Vault will always increase at a greater rate than the total supply of POOP. The more contract transactions happen, the faster the POOP price rises. This is how the price of POOP/L1 Coin goes Up-Only. 

The New Paradigm of Poop 

The Shitcoin Trap

Shitcoins excessively emphasize the total supply, market cap, liquidity pool, and market makers, trying to let investors ignore the fatal fact that their liquidity is so vulnerable that one market maker, one whale investor, and the team themself can easily drain the whole pool.

The Poop Paradigm

With the Poop protocol, investors only need to care about one thing: the rising speed of POOP/L1 Coin price. The Poop Backing Vault, proven by mathematics and locked through contact, provides POOP solid liquidity and 100% value support.

As defined, every POOP token is backed by the over-collateralized L1 Coin vault and supported by solid liquidity, which ensures the price of POOP/L1 Coin goes Up-Only. From a higher level, POOP = the Up-only Leveraged L1 Coin. Holding POOP is like holding the "prosperity" of a specific blockchain ecosystem.

After all, everybody poops! 💩

$POOP Launch

There will be two phases of the $POOP launch: Limited Offering + Public Offering. Only the whitelisted addresses are eligible for the Limited Offering. 

🔶 Limited Offering

Start from 12 PM UTC, June 28, and last for 1 hour

🔷 Public Offering

Start from 13 PM UTC, June 28

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