FAQ
StePUP is a memecoin on the BASE network. It aims to promote fair practices in the crypto space and help beginners on their crypto journey. The StePUP ($PUP) token is a standard ERC-20 token which allows for storing and transferring it.
StePUP has a fair launch (no pre-sale, ICO, airdrop etc.), renounced contract, all tokens included in initial liquidity pool and no taxes on transactions. Also, through balancing meme humor and a communication style more accessible to general audiences, we also aim to differentiate ourselves in the crypto meme market and create a semi-professional branding for the StePUP ($PUP) token.
BASE is an Ethereum Layer 2 network launched by Coinbase – one of the largest crypto exchanges in the world.
StePUP has no taxes on swaps and transactions in it’s Smart Contract. The liquidity pool on Uniswap V3 does have a standard 0.3% fee for liquidity providers which we intend to use for further development and marketing. Anyone can add liquidity to pools on Uniswap and benefit from these fees.
Yes. The transaction is viewable on the blockchain.
After launching the initial liquidity pool, we bought back a small part of our token. You can view our wallet and transactions on Basescan.
When you buy a token from a liquidity pool on Uniswap, you insert some Ethereum or any other paired coin in the pool and you get some of the pooled tokens in your own wallet’s address in exchange. That’s how liquidity pools work. When we created the liquidity pool, we included all StePUP ($PUP) tokens in it and paired it with WETH. After people bought, some tokens were sent to their addresses.
Liquidity pool is locked for 3 years through UNCX Network (UniCrypt) – one of the most established platforms for locking LP tokens in crypto.
It can be better in the long term to lock LP tokens instead of burning them in case we will ever need to transfer the liquidity to a new platform (for example, if Uniswap launches a V4). And we can also benefit from some marketing by using the UNCX Network. Also, we figured it would be a waste to send the Uniswap fees for liquidity providers to the burn address when we can use them for further development and marketing instead.
It’s important to remember that cryptocurrencies and memecoins are very risky assets and have high price volatility. None of the people involved in the StePUP token are financial advisors. Through our guides published on our website we wish to provide some a basic stepping stone for crypto beginners in better navigating the crypto space. But it’s important to do your own research when investing or using a platform or tool.
We are normal people passionate about crypto and memes. For now, we wish to remain anonymous, but who knows… if we make a large impact, maybe we’ll do a “dramatic reveal”.