Memecoins On Stacks: The ALEX Surge Campaign

BbyA...nMtW
20 Nov 2024
173



Nakamoto and the acceleration of Stacks

Hot off the heels of the Nakamoto upgrade Stacks is now looking to ramp up their adoption as using the chain becomes a much much better experience.



ALEX have just launched their Surge Campaign which is (surprise surprise...) incentivising memecoins.




And if this sounds like familiar tune, it's because it yet-another-memecoin-campaign to drive ecosystem adoption. See my break down the of Fantom Foundation memecoin campaign (and follow up post) for a deeper look at these types of initiatives
https://www.bulbapp.io/p/0647e9bd-4989-4165-aeee-48ed50d10b0f/fantom-meme-season-will-it-work-as-intended?s_id=b3f02dac-e2c4-4dbc-90fe-f152d08a42fc

Now hold your eye rolls. Blockchains are useless without adoption.
Adoption only ever comes with more unique assets being deployed on chain. It would be like trying to sell a new smartphone ecosystem but only having 5 apps to download.
Only Bitcoin has ever been able to get away with doing very little as goes creating new assets on chain, everyone else lives and dies by the number of on chain assets they can attract to their chain.

And this attempt is interesting in that this isn't something Stacks are doing but rather the biggest DEX on Stacks, ALEX are doing and their ROI is a lot clearer than it it's been in the case of similar programs run by blockchain foundations.
In short: ALEX are looking to drive more LPs onto their DEX and, hopefully, more ALEX token paired LPs i.e., LiSTX, LiALEX and ALEX (possibly even LiBTC).

It's not the first time ALEX have run these types of campaigns either
https://www.bulbapp.io/p/5ba4a047-022c-4375-bce4-00da2d11e88e/your-mission-lisa-rewarded-campaigns-on-stacks?s_id=fec06764-6f09-41e2-b8fa-d177288edac3


The ALEX Surge campaign

After successfully passing a vote from ALEX holders ALEX has kicked off their Surge campaign.




Here's some resources that explain how to participate

https://app.alexlab.co/surge


Surge Social Leader Board and Foundation Vote Allocation

https://medium.com/alexgobtc/surge-social-leader-board-and-foundation-vote-allocation-351df66b60e1

How to Participate in the Surge Campaign

https://medium.com/alexgobtc/how-to-participate-in-the-surge-campaign-31d59341c88d










Where I'm Surge-ing

Now of course you need to figure out where you're most comfortable sitting for this campaign if you're going to participate.
I've decided to spread myself across a few different tokens.

$NOT

https://x.com/wrappednothing



Also picked up some some Not-Punks to feature in posts https://stacks.gamma.io/collections/not-punk


$NASTY

https://x.com/NotaStrategy



Kinda a sister project to $NOT.


$JINDO

https://x.com/Jindo_stx

I'm mostly in $JINDO for the substantial farm rewards that are currently on offer, the Surge campaign is just nice to have on top of that.




$WELSH

https://x.com/Welsh_Community


I've had $WELSH in an LP on ALEX for a while now, so it made sense to also enter in this. That and $WELSH is probably the most popular memecoin on Stacks and they're already out to a good lead in this promotion.




Over to you!

Have you checked out Stacks and ALEX yet?
Will you be participating in the Surge campaign?
Are you on any other interesting Bitcoin scaling solutions?

Let me know in the comments

You can have some cake

Cakes On Solana

Enjoy this blog? Subscribe to andrew-

2 Comments