Event theme: The power of Meme coin communities: discussing the rise and future of community-driven projects
Event date: August 9, 2024
Organizer: Feixiaohao (Feixiaohao.AI), Talking Web3
Special guests: Representatives of the Luffy Community (Ahao, KY, Jinyu Mantang, Langlang, Luolinlin)
Project introduction: Luffy Community and 1PIECE
The Luffy Community is a Web3 community with the cultural core of the 'Luffy Spirit' (dreams, adventure, friendship, freedom). Unlike traditional projects that 'launch a coin first and then build a community,' the core philosophy of the Luffy Community is 'community first, consensus is king.'
The community is dedicated to gathering and nurturing builders who truly understand and recognize the long-term value of Web3. They not only provide members with Web3 knowledge education from zero to one (such as wallet tool usage, Twitter, and other social media operations) but also emphasize rational asset allocation concepts, advocating that members firmly hold mainstream assets like Bitcoin and BNB while focusing on community Meme coins.
1PIECE is a Meme coin that the Luffy Community participated in launching fairly on the BNB chain after reaching a high consensus. It is not the purpose of the community's existence, but rather an external symbol and value carrier of community culture, consensus, and strength. Through promoting the development of 1PIECE, the community showcases the tremendous potential that can be unleashed by a community driven by strong consensus full of positive energy to the industry. The community's vision is to become 'the world's top Web3 community.'
AMA Q&A session
Q1: What is the background of the establishment of the Luffy Community? What is the relationship between it and the anime IP 'One Piece' as well as the Meme coin 1PIECE?
A (AHao):
The establishment of our community stems from a group of enthusiasts who have been deeply engaged in the crypto industry for many years. We observed that most Meme coins in the market have short lifecycles, returning to zero as enthusiasm dissipates. However, we also discovered some Meme coins driven by strong communities and possessing long-lasting vitality. We hope to establish a different community, a truly cultural and belief-driven organization. The spirit represented by the globally renowned anime (One Piece) protagonist 'Luffy' - 'freedom, adventure, daring to fight, friendly unity' - is highly compatible with the community culture we want to build. Thus, we attracted and gathered a group of partners who identify with this 'Luffy Spirit' and established the Luffy Community.
1PIECE is the result of our community's development to a certain stage. In March 2024, we keenly captured the ecological opportunity of the BNB chain, and the members of the community reached a consensus to collectively participate in the fair launch of the Meme coin 1PIECE on the BNB chain. It is rooted in the IP of Luffy and symbolizes the continuation of our community spirit. Simply put, we did not gather because of the coin 1PIECE, but because we had a consensus among this group of people, and together we built 1PIECE.
Q2: As a Meme community, how do you view investment and risk? What is the community's investment philosophy?
A (AHao):
This is one of the biggest differences between our community and other Meme communities. We never encourage members to go all-in on any single project, including the 1PIECE we built ourselves. Our core investment philosophy is 'reasonable asset allocation.'
We will firmly tell all community members: you must hold mainstream coins. When we were building the Bitcoin ecosystem SRC20 protocol, we told everyone to hold Bitcoin; now we are on the BNB chain, and we emphasize the importance of holding BNB. We often convey a concept to members: when you extend the timeline to ten years, if you can allocate 10%-30% of your assets in mainstream assets, even if other investments fail, you are likely to still achieve substantial returns.
We hope to lead everyone to truly understand Web3, becoming rational investors and builders rather than short-term speculators. The internal growth of the community and the enhancement of members' understanding are the things we value the most.
Q3: Hello KY, you transitioned from traditional finance to Web3; what prompted you to join the Luffy Community and choose to stay and build here?
A (KY):
I entered this industry in 2014 and experienced a complete bull-bear cycle. I once chased the myth of short-term wealth like many others, but the result was often ups and downs. The biggest turning point was when I truly understood the importance of 'community' and 'long-termism.'
I was greatly influenced by a statement from CZ (Changpeng Zhao): '90% of the money in this industry will eventually flow to that 10% who persist in long-term building.' This made me completely reflect on my past speculative behavior. I realized that I needed to find an organization that matched my values and truly wanted to treat Web3 as a long-term career.
The Luffy Community is precisely such a place. Every person here is filled with enthusiasm for building and a belief in long-term value. Whether it is the community’s worldview, alignment in thought, or the practice of the Web3 golden rule of 'building the community, respecting the community, trusting the community', all resonate completely with my philosophy. Here, I found a sense of belonging and saw the possibility of pursuing Web3 as a lifelong career. I feel very honored and happy to become a volunteer and builder of the community.
Q4: What is the issuance mechanism of the 1PIECE token? How does it achieve 'fair launch' and ignite the market?
A (AHao):
'Fair' and 'open' are the core of this launch of 1PIECE. We observed that many so-called 'fair launch' platforms had low costs for early entrants and were unfair to later participants, while the launch mechanism of 1PIECE ensures that all participants do not directly purchase tokens but mint LP (liquidity pool tokens) by staking BNB. These LPs are locked by a smart contract for one month, meaning that no tokens can circulate in the secondary market during the first month of the launch. Regardless of when anyone participates, as long as they mint, everyone’s cost and treatment are completely the same.
It is precisely this extreme fairness mechanism that attracted us, combined with the strong consensus foundation that our community had already accumulated for more than a year, which caused 1PIECE to immediately attract widespread attention in the industry after its launch. Subsequently, our community united and won the comprehensive data championship in the $4.4 million trading competition held by Binance on March 13 for first-day trading volume, address growth, and market cap growth, and won the fourth prize in the subsequent weekly competition. Importantly, the 1PIECE contract passed Binance's strict security review, ultimately receiving a permanent liquidity pool reward of $25.
This series of events made 1PIECE and the Luffy Community famous overnight. On June 3, 1PIECE was selected by Gate Alpha and launched as a popular token on Gate. Gete officially wrote a special article (1PIECE: A community-based Meme coin on the BNB ecosystem) about the value and significance of 1PIECE before its launch, and frequently used 1PIECE in the Gate Aloha points airdrop activity. Additionally, 1PIECE has long dominated the top 10 hot search list on the TP wallet, with almost all positions from 1 to 10 appearing there, and this popularity can be verified in related apps.
Q5: In what aspects are the Luffy Community's execution and community power reflected? What is the current scale and activity level of the community?
A (AHao & Jinyu Mantang):
The power of the community is reflected in its 'terrifying' execution ability and cohesion. This is not just a slogan but is supported by a series of real data:
Global layout: Through the influence of 1PIECE, we have noticed that current holders of 1PIECE cover over 500 cities worldwide, with a strong network of evangelists in countries like South Korea, Japan, Singapore, Malaysia, Thailand, Laos, Indonesia, Australia, the United States, and Nigeria in Africa. Some holders in certain countries have also established connections with our Luffy Community. We have hundreds of core evangelists who participate in almost 365 days of uninterrupted online activities: the community insists on organizing 'pushing team' activities on Twitter every morning at 8 AM and has regular online meetings and night chats at 8 PM and 9:30 PM every evening, year-round.
Amazing offline activity capability: In the recent 'Zero Removal Plan' (aimed at pushing the coin price to remove a zero), global holders spontaneously organized over 300 offline salon events in the past month, with expectations of exceeding 500 events next month.
It is precisely this bottom-up, highly self-driven enthusiasm and action that constitutes the strongest moat of the Luffy Community and is the reason we dare to proclaim the vision of 'building the world's top Web3 community.'
Core summary
This AMA deeply explored the 'community first' model represented by the Luffy Community. The guests unanimously agreed that at the current stage of Web3 development, a community with a strong cultural core, firm beliefs, and efficient execution ability holds value that even surpasses pure technological narratives.
The successful practice of the Luffy Community proves:
Culture and consensus are the cornerstones: First, we gather people's hearts through cultural symbols like the 'Luffy Spirit' to establish a solid consensus, which is fundamental for the long-term development of the project.
Education and empowerment are core: The true value of the community lies in enhancing the members' understanding, empowering them to become rational builders rather than short-sighted speculators.
Fairness is the ignition point: The innovative 'fair launch' mechanism of 1PIECE is the key catalyst for its rapid market recognition.
Actionability is the moat: 365 days of uninterrupted online and offline activities demonstrate the community's strong organizational ability and the high loyalty of its members, which is difficult for any capital to replicate in the short term.
In summary, the Luffy Community provides a valuable model for the Meme track and even the entire Web3 industry: when a group of people truly gathers because of a common dream and belief, the value they can create will far exceed expectations. This is not just a story about Meme coins, but a story about the power of people, the value of consensus, and the victory of long-termism.
