How OG.Fun Works
High-Level Overview
OG.fun empowers communities to reclaim value from abandoned or "rugged" crypto projects. But how does it all work? At its core, OG.fun utilizes a novel mechanism called Smart Meme Acquisition Contracts (SMACs), fueled by the platform's native $OGS token. Here's a simplified overview of the process:
Smart Meme Acquisition Contracts (SMACs): The Engine of Community Takeovers
Imagine a powerful, automated tool that allows a community to pool resources, acquire a significant portion of a target token's supply, and then work together to revive its value. That's essentially what a SMAC does. It's a specialized smart contract that orchestrates the entire takeover process, from fundraising to token acquisition and reward distribution.
$OGS: The Fuel for the Re-Rug
The $OGS token is the lifeblood of the OG.fun ecosystem. It plays several crucial roles:
Priority Access: Holding $OGS gives you priority access to participate in new SMACs.
Fueling SMACs: A portion of every SMAC's raised funds is used to buy $OGS, creating consistent demand for the token.
Governance: $OGS holders can vote on important platform decisions, including which projects to target for takeover.
Staking Rewards: Earn rewards and additional perks by staking your $OGS tokens.
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