Introduction

Meme coins have always been a fascinating reflection of societal trends, political satire, influencer culture, and entertainment. Despite their varied inspirations, they share a common goal: to create a buzz purely for fun. There’s no utility, no groundbreaking technology—just the potential for massive gains (and equally massive losses).

The Pooh meme coin evokes happiness and nostalgia as a character that resonates with childhood. In this article, we will examine Pooh, explore its ecosystem, compare it with other meme coins in the crypto space, and understand its tokenomics.

What is Pooh?

Source: Pooh.Money

Pooh is a meme coin on Ethereum, inspired by the animated character, Winnie The Pooh, a friendly bear that loves honey. It gained popularity as a character for children’s stories originally developed by A.A Milne in 1926, following the expiry of its U.S. copyright on January 1, 2022. It became available under the public domain as a creative work that is not protected by intellectual property laws and is free for anyone to use, adapt, reproduce, or distribute for commercial and noncommercial purposes.

The developers capitalized on this to create a coin after the Pooh bear, tapping into its popularity and channeling the happiness and nostalgia it brings as a choice for investors who enjoyed watching the character in their childhood.

A Brief History of Pooh

Pooh was launched by anonymous developers in April 2023 without prior announcement. Its X account appeared in April, with a Website and Telegram account to promote the meme coin.

Product Comparison

Let’s compare some of POOH’s features with those of already popular meme coins like PEPE, SHIBA INU, and DOGE.

The Pooh Ecosystem

POOH DAO

The POOH DAO is the decentralized community for the Pooh meme project. Alll Pooh holders are automatically members of the DAO, responsible for making decisions and voting on proposals.

POOH Crew NFT

Source: Pooh.Money

The Pooh Crew is an NFT collection of unique PFPs (Profile Pictures), used as a ticket to access POOH Crew exclusive events in the future. There are only 5000 NFTs available on an auction mint run by Nouns DAO Launcher. The mint is a daily auction where users place their bids in ETH, and the highest bidder gets to hold the NFT. In a case where no bids occur in a day, the NFT will be carried on to the next day till a bidder is found.

The Pooh NFTs are backed by an ETH Treasury, which is collectively controlled by the POOH DAO. It’s pertinent to note that only 1 Pooh NFT can be minted every 24 hours.

A daily auction on the Nouns DAO Launcher (Source: Nouns DAO Launcher)

As of the time of writing (July 2024), 246 NFTs have been minted. Each NFT can be created from 66 unique traits, combining backgrounds, with clothings and accessories.

NFT Backgrounds (Source: Pooh.Money)

Source: Pooh.Money

$EEYOR

Source: Pooh.Money

$EEYOR is the first meme coin designed to support the POOH universe, with 100% of its supply sent to every $POOH token holder upon launch. This new token features a 5% buy/sell tax, which is allocated as follows: 1% for $EEYOR liquidity, 2% for the POOH DAO, and 2% for the originators. The $EEYOR tax is collected as ETH and stored in the POOH DAO treasury. $POOH holders have the power to vote on how to deploy this ETH to grow the POOH ecosystem, such as through marketing efforts or buying and burning $POOH or $EEYOR tokens.

$TIGG

Source: Pooh.Money

$TIGG is another meme coin created to develop the Pooh universe. Every $POOH holder also owns $TIGG, which was silently airdropped to all $POOH holders via the POOH DAO.

$TIGG has a 5% transaction tax that is used to develop the Pooh ecosystem. The tax is distributed the same as $EEYOR: 1% for $TIGG liquidity, 2% for the POOH DAO, and 2% for the originators. The $TIGG tax is collected as ETH and stored in the POOH DAO treasury. $POOH holders can vote on how to deploy this ETH to grow the POOH ecosystem, such as through marketing efforts or buying and burning $POOH or $TIGG coins.

How Does Pooh Work?

Pooh is a meme coin with no intrinsic value or utility, The team’s main goal is to make POOH the most widely held meme coin, challenging the position of notable meme coins such as DOGE, Shiba Inu, PEPE, and FLOKI. The team aims to achieve this by promotion and community building. Some of the ideas they propose include;

• Approach reputable influencers and crypto publications to promote and build awareness of POOH
• Incentivize early adopters for promoting POOH
• Approach leading wallets and dApps to support POOH for easy access
• Expand the use cases of POOH through integration with other DeFi projects

What is the POOH Token?

$POOH is an ERC-20 token with zero tax, (no additional fee deducted by POOH when you buy, sell, or transfer the token). It is available for trade on Gate.io crypto exchange.

Tokenomics

POOH has a total supply of 420.6 trillion, with 95% permanently locked on Uniswap, and 5% allocated to centralized exchanges for listing.

Governance

The POOH community uses Tally, an on-chain governance platform, to decide on proposals. Voting is exclusive to token holders.

Is Pooh (POOH) a Good Investment?

POOH, although developed by an anonymous team, appears to be intentional with a long term vision. They are committed to growing the community and executing sustainable actions for the Pooh ecosystem. However, their commitment to organic growth might slow their progress, as with meme coins, some hype and virality can help solidify their presence in the crypto space. The team should also explore new growth opportunities, such as listing on more tier one exchanges or integrating with other blockchain networks.

Investors are encouraged to research and evaluate their risk tolerance before investing in the project or any other cryptocurrency because of the risks involved. Additionally, they should consider the cryptocurrency market’s volatility and potential regulatory changes.

Note: Investing in POOH or any other crypto project does not guarantee profit and could result in capital loss.

How to Own POOH?

To own POOH, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy POOH.

News on Pooh

$POOH Rises by 38% as NFT Treasury Grows

On April 15, 2024; The price of $POOH, the native token of Pooh meme coin, increased by 38%. This is coming after the project team announced an increase in POOH’s NFT treasury.

Take Action on POOH

Check out POOH price today and start trading your favorite currency pairs:

• POOH/USDT