Too Fair to Go Fast! 🦥

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bellscoin2.565 months ago3 min read

Too Fair to Go Fast! 🦥

Dear community,
We hope that through this article, more people can understand and share the purpose and direction of Bellscoin, a purely decentralized POW memecoin.

This article is not financial advice, and has been created by members of the Bellscoin community voluntarily to compile information about Bellscoin and simply promote it.

https://img.inleo.io/DQmVk5pzaQhQoyp8yMkyazng4nSXSNKxfcmcE3XZARiNSpJ/image.png

When reflecting on the growth trajectory of Bitcoin since 2009, it’s evident that Bitcoin was a phenomenon driven by meme culture. As trust in Bitcoin increased and it gained mainstream acceptance, largely due to the efforts and sacrifices within the Bitcoin community, it formed a foundation for its widespread adoption and eventual high valuation.

Another crucial factor contributing to its success is the concept of a fair launch. Bitcoin, based on Proof of Work (PoW), provided a remarkably fair opportunity to everyone. Anyone who wanted to obtain Bitcoin could participate in the mining process to acquire it, or they could purchase it from others. In other words, Bitcoin didn’t offer unfair distribution, limited to a select few individuals, through privileged access to vast wealth; instead, it allowed widespread participation, fostering a sense of inclusivity.

Bellscoin followed a Fair launch model similar to Bitcoin, with extreme fairness. After the source code was initially created by BillyM2K, the developer of Dogecoin, a small group of decentralized developers reactivated the Bellscoin blockchain. Shortly after, the blockchain was immediately made public to the masses, following just a few days of ensuring the stability of the chain. Since then, Bellscoin’s ecosystem has attracted a diverse range of participants, including miners, exchanges, traders, and meme coin enthusiasts.

Generally, centralized projects or those lacking decentralization often secure funds through pre-funding or allocate a significant portion of the coin’s issuance for the team’s operations. These funds are then utilized to promote ecosystem growth through activities such as listing on centralized exchanges (CEX), marketing, and other initiatives aimed at fostering growth.

However, Bellscoin started as a pure meme project with no pre-mining. Supporters of decentralized Bellscoin solely operate through contributions, lacking significant resources for activities such as CEX listing and marketing. This stands in contrast to the expectations of many meme coin investors who hope for short-term gains and exit strategies, essentially aligning with a lottery mindset.

Therefore, Bellscoin can be described as “Too Fair to go fast”. However, Bellscoin’s fair launch harbors the potential for significant growth within its ecosystem. It signifies fairness to all participants, and as more individuals attracted to Bellscoin’s meme culture, narrative, and fair launch join the ecosystem, its growth potential expands. Hence, Bellscoin can be deemed “Fair enough to go far.”

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