WallStreetBets Reddit Forum to Launch Its Own Cryptocurrency

by in DeFi News

Reddit WallStreetBets token

Popular Reddit group SatoshiStreetBets is aiming to issue its crypto asset to members. The forum describes itself as the crypto version of WallStreetBets.

Related: Dogecoin co-founder shares how he got rid of coins in 2015

It will use the created SatoshiSwap (SAS) tokens as a means of governance. Members will receive them as a reward for Reddit posts. Besides, SAS tokens will be airdropped to UniSwap's and

SushiSwap's users and be distributed to liquidity providers.

The forum planned to launch the token sometime in February.

According to the post published by SatoshiStreetBets moderator with the name "Little eagle", the new token can make a difference and offer alternative solutions to the existing problems of the dex (decentralized exchange) market. It is designed also to unite the community. The forum has the motto "YOLO", which stands for You Only Live Once. SatoshiStreetBets was created in February 2020 as a by-product of WallStreetBets, due to which the price of GameStop went up immensely last month.