Why $LAMBOO Ain't Your Average Memecoin!
Real gas-heads and motor-mouths are in it for the tech, and if you pop the hood of $LAMBOO you’ll find some pretty serious machinery.
How the Evolution Mechanism Works
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When certain marketcap thresholds are crossed, the token evolves.
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This means the token's Name and Image updates at pre-programmed price points.
So as an example, when the marketcap is $200k,
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Token NAME will be Porsche GT3
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Token IMAGE will be …
Once the marketcap crosses $250k, a new level will be unlocked …
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Token NAME will change to Lamboorghini Urus
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Token IMAGE will be …
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Updates to token NAME and IMAGE can occur on-chain, but due to the way all the standard tooling on Solana caches metadata, it wont be reflected in most wallets, screeners and block explorers. For this reason, within the metadata token NAME and IMAGE will be static - Wen Lamboo - on explorers + wallets, but if you check the 'Evolutions' page at app.lamboo.fun you can see in real-time the token levels evolve according to current marketcap.
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You can see below how the token will look on an explorer like DexScreener or in a wallet like Phantom
The Ticker will always be $LAMBOO
Conviction NFTs - Onchain Magic
The Conviction NFT evolves along with $LAMBOO, proving you were an early believer. Think of it as your OG badge that grows with the movement.
At each Level, if you buy 690k $LAMBOO - 0.069% of supply, you get an NFT of that level. At lower levels, this wont cost very much, a few hundred $$s to secure the NFT.
Now if you keep holding enough $LAMBOO tokens in your wallet, then you can mint all the subsequent NFTs once they are unlocked.
For example, if the Marketcap is at $150k, then the level will be 'Audi RS5'. You would have to buy $104 of $LAMBOO in order to be able to mint the NFT.
Once the Marketcap hit $175k, then you'll be able to mint the next Level NFT - 'Maserati GranTurismo' - for free, which otherwise would require buying $121 worth of $LAMBOO.
And then lets say the Marketcap goes up to $1.5 million, and you kept holding, you'll be able to mint the 'Lamboorghini Countach' NFT, which otherwise would require buying $1035 of $LAMBOO. And so on and so on ...
Holding $LAMBOO is rewarded with a sort of NFT yield.
It's a new mechanic, quite experimental, we'll just have to see how it works in practice.
Minting Process
If you have bought 690,000+ $LAMBOO with the same wallet, then all you have to do is go to 'Profile', connect wallet and claim your NFT. You'll pay a small gas fee for minting, and then booooom, you've got a vehicle in your wallet.
Hold those $LAMBOO tight, and as Marketcap grows, you'll be able to mint different types of Lamboorghinis.
And if the Marketcap falls, and you keep holding holding until the bitter end, then hey, at least you'll get to mint some new (lower-grade) vehicles.
All your NFTs can be viewed in your Profile, and of course in wallets, or marketplaces like Magic Eden
