Understanding ERC-20 token LOVE: Meme's innovative gameplay and risks

Risks cannot be ignored when investing in Meme tokens such as LOVE.

Written by: veDAO Research Institute

When all kinds of investors are still thinking about whether the craze for meme coins has really faded, and whether there are new opportunities to be seized, on May 30th, the brand new meme coin LOVE ( ERC20) was launched and successfully attracted the attention of the market! The current official website farm APY has reached 7465%. This amazing annualized figure directly shows the popularity of LOVE. So why does it stand out from the thousands of flowers, and what is unique about it?

Quickly understand the two major innovations of LOVE

The LOVE smart contract runs on the Ethereum mainnet. The community will review the transparency and security of the contract code. After the code review period is over, transactions can be conducted through the love.game user interface.

1. Issue innovation

There is no pre-sale or public sale of LOVE tokens, nor is it a "fair launch", but an innovative and interesting gameplay: [pass on the love].

Currently, LOVE tokens are being airdropped for a week! The method of participation is as introduced in the founder's tweet:

To qualify for a portion of the initial supply airdrop, please send a txn of 0ETH to:

0x2b82C78AE3c973c1Ce39D63b5d63c6CB8DB199EA address. No funds need to be sent, only 0ETH transactions are eligible. It is currently estimated that each address can get 1,000 LOVE tokens, and the time limit for claiming is one week. The address for claiming is one-click claiming on the official website on CLAIM.

This kind of airdrop claim means that you only need to spend a gas fee to receive a maximum of about 1,000 LOVE coins. According to the real-time price of LOVE coins on the MEXC exchange as written, the price is 0.05 US dollars, and the huge profit space is enough to attract investors. flocked.

2. Transaction Innovation

Anyone can buy and sell LOVE tokens, but on-chain transactions must have at least 1 token to interact. This feels like a handover, because if a user without air investment qualifications wants to buy LOVE tokens, they can only rely on existing holders to obtain at least 1 token for subsequent transactions.

Currently LOVE tokens have been listed on the MEXC centralized exchange, and any required number of tokens can be purchased in the off-chain exchange, and there is no restriction on 1 LOVE token.

LOVE Token Liquidity and Staking

LOVE token holders can provide LOVE/ETH pair liquidity on the farm on the official website and Uniswap, and get LOVE token rewards by staking. The current APR of staking is 7465%! But this is only one side of the annualized interest rate, and it is also accompanied by With a 10% expensive tax.

On May 31, the official once again reiterated through Twitter live that the future agreement will introduce a unilateral pledge pool.

In addition, the white paper also states that other token pairs will also be available in the farm in the future.

LOVE related data

According to data from @wuligy / LOVE Metrics, as of May 31, a total of 126,896 addresses met the airdrop claim rules. At present, 76,405 (60%) addresses have received airdrops, compared to 33,012 current LOVE token holders (43% of the receiving addresses continue to hold them).

From the perspective of the timeline, most users choose to sell after receiving the tokens, but in contrast, the number of real purchase orders is really not much. Even if each transaction requires holding at least 1 LOVE, if not enough new users enter the market, then the fact that the mandatory requirement does not significantly affect the demand for LOVE tokens. Only after this condition and the entry of new users, and the consensus value of more users, can the price of tokens spiral upward.

Let's focus on the market operation and construction of LOVE. According to Twitter data, the LOVE official account of Twitter was registered on May 27, and the number of followers reached about 18k on the 4th. In addition, according to the data on the chain, the amount of ETH destroyed by LOVE tokens surpassed Uniswap on May 30, becoming the number one in the entire Ethereum.

Risks and Expectations

At present, LOVE is in its nascent stage. It is sufficiently innovative and interesting in terms of token gameplay, and the low threshold is also fair. Judging from the community market data, LOVE is indeed another splash of meme. But at the same time, buying and selling data inevitably makes people worry about whether LOVE can withstand the selling pressure of the market, or there may be a risk of future smashing after the giant whale buys a large amount.

As mentioned before, the future roadmap and construction of LOVE are exciting. For example, as mentioned in the white paper, the future LIPS governance portal will facilitate the proposal of LOVE improvement proposals, and AI computing will be able to use LOVE tokens to purchase AI computing power from OmakaseaDev supercomputers, and its income mechanism is held by LOVE tokens People management, LOVE may endow rich governance functions.

Finally, the risk cannot be ignored when investing in meme tokens such as LOVE, so how to diversify investment and discover valuable protocol projects to spread risk is very important. It is recommended to pay attention to veDAO decentralized investment and financing platform to learn more valuable information. Friends who are interested in LOVE tokens can learn more about the latest information through the following links:

Official website address:

Twitter address: