Hmmm...so the project says it's not a meme coin, but it has all of the hallmarks of a meme coin, including a massive total token supply of 210,000,000,000,000,000, vague token utility and cute NFT animals. It even lists its 'friends on other chains' as Bonk, Floki and AIDoge.
It claims to be the answer to SIU not having an airdrop because it will airdrop $AIFRENS to anyone who buys an NFT. It also claims to align with the AI narrative, but I can't work out what element of the project actually incorporates artificial intelligence.
Back to the vague functionality of the token, it states it has "powerful anti-inflationary properties and staking xAIFRENS can generate passive income, aligning with its growth potential and practical utility." The second part of that statement is meaningless. There are also call outs in the documents for influencers to get involved including KOLs, YouTubers, or TikTokers which also rings alarm bells with me.
I think this could be a flash in the pan meme project that is shilled by a number of crypto influencers, but as it most likely will not go on to make a meaningful difference to the Web3 landscape in any way, for now, I'm afraid I'm out. Show Less
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