1. Description of the Idea
The JOHN project emerged from a social experiment by a seasoned Stellar community leader, leveraging years of experience and connections within the Stellar network. The goal was to test the ease of minting a meme token using a new meme coin hub on Stellar and to drive its success through strategic community-building and platform expertise. Launched just 14 days ago, JOHN has rapidly grown its holder base and incentivized liquidity providers. The project integrates with the Sl8 Social Platform, using innovative governance and reward systems to solve platform-specific challenges and foster engagement.
2. Details About the Token
- Name: JOHN
- Issuer: GB5S34RQZKNFYEYW6V6N3DAJ3TIDOXPSDV75YY5DTT2J2NJWFDLALGEW
- Total Supply: 999,000,000 (locked)
- Circulating Supply: 999,000,000
- Market Price (as of April 21, 2025): ~$0.000015
- Market Cap: ~$15,000
- Stellar Expert
Purpose: JOHN is a meme token designed to fuel community growth and engagement, particularly on the Sl8 Social platform. It serves as a liquidity pairing asset and supports the project’s meme-driven initiatives.
The token was minted without reserving any supply for the creator, ensuring fairness. The minter purchased a portion of the supply from the open market and locked initial liquidity to establish stability. JOHN experienced eight+ consecutive days of price growth post-launch and continues to attract new holders.
3. Liquidity Pools and Opportunities
- Total Value Locked (TVL): ~$21,000
- Liquidity Pools:
- XLM/JOHN: Earn trading fees, ACT tokens, and significant Lumeme rewards when their native token launches. Note: The % figure for this pool in Lumeme platform does not include JOHN LP rewards in ACT token, making it far more lucrative than it appears.
- SSLX/JOHN: Earn trading fees and significant SSLX and STARDUST, incentivizing engagement with the Sl8 platform.
- ACT/JOHN: Earn trading fees and ACT tokens, offering diverse earning potential.
- Rewards Strategy: Liquidity providers are generously rewarded with JOHN LP rewards across 3 pools, significantly boosting returns. Additionally, SSLX and STARDUST rewards in the SSLX/JOHN pool encourage interaction on the SL8 Platform, while ACT rewards in the XLM/JOHN and ACT/JOHN pools add further value.
- Governance Integration: The project uses STARDUST as its governance token on a dedicated platform. Proposals for JOHN’s development require STARDUST for voting, driving demand as the project scales.
- SL8 Engagement: By rewarding LPs with SSLX and STARDUST, the project educates its community on using these assets on Sl8, fostering a thriving meme community and increasing platform activity.
4. Additional Opportunities
- Community Growth: JOHN is cultivating a dynamic meme community on Stellar network, tapping into the rising popularity of meme tokens and bringing them to crypto social platforms.
- Solving SL8 Challenges: Through its governance model, JOHN addresses a specific issue on the SL8 Social Platform, enhancing STARDUST utility and user experience.
- Educational Efforts: The project teaches community members how to utilize SSLX and STARDUST rewards on SL8, creating a self-sustaining ecosystem.
- Scalability: As JOHN grows, the demand for STARDUST as a governance token will rise, creating a positive feedback loop benefiting the project and its community.