SMACs

Smart Meme Acquisition Contracts

What is a SMAC?

A Smart Meme Acquisition Contract (SMAC) is the core innovation behind OG.fun, a powerful tool designed to facilitate community-driven takeovers of abandoned or "rugged" crypto projects. It's essentially a specialized smart contract that acts as an automated and transparent engine for reclaiming value from these tokens.

Think of a SMAC as a decentralized, automated crowdfunding campaign with a twist. Instead of simply donating funds, participants contribute to a pool that is then used to acquire a significant portion of the target token's supply. But a SMAC is much more than just a buying mechanism. It's a framework for coordinating community action, aligning incentives, and executing a strategic plan to revive the target token's value.

Key Features of a SMAC:

• Community-Driven: SMACs are initiated, funded, and driven by the OG.fun community. Every step, from proposing a target to executing the takeover strategy, is influenced by community participation.

• Transparency: Every transaction and action within a SMAC is recorded on the Solana blockchain, making the entire process publicly auditable and verifiable. This eliminates the need for trust in a central authority and ensures complete transparency.

• Automation: The SMAC smart contract automates key processes, including fund allocation, token acquisition, vesting, and reward distribution. This minimizes the need for manual intervention, reduces the risk of human error, and ensures that the takeover is executed according to pre-defined rules.

• Incentive Alignment: The SMAC structure aligns incentives among participants by rewarding those who contribute to the success of the takeover. Rewards are distributed based on objective, on-chain metrics, ensuring that everyone is working towards the same goal.