A token named ZACH has been launched on the Flaunch.gg platform, aimed at supporting the investigative work of ZachXBT. The token serves to raise funds for uncovering frauds within the crypto community.
Details of the ZACH Token Launch
The ZACH token was launched on February 1 on the Flaunch.gg platform, which operates on the Base network and uses Uniswap V4. Notably, 96% of trading fees will be directed to ZachXBT, with the remaining 4% going towards community buybacks.
Community Reaction to ZACH
The launch of the token has sparked widespread interest within the community. Many users noted the uniqueness of the fundraising approach without obligating ZachXBT to hold or sell the token. However, some expressed skepticism, recalling previous situations with meme coins.
History with Other Meme Coins
Earlier attempts to support ZachXBT through tokens on other platforms like Solana have been made. However, such initiatives often led to accusations of 'rug pull,' despite ZachXBT's claims of no involvement.
The launch of the ZACH token on Flaunch.gg has introduced a new approach to fundraising in support of investigative efforts within the crypto industry. Regardless of the outcome, this event highlights the importance of honesty and transparency in the sector.
