General Characteristics

Chido is a meme cryptocurrency project that was launched in June 2024 on the Base blockchain. The project was initially created by a developer but has since been taken over by the community, with the goal of building it into a trusted "Dogecoin on Base" platform. The project aims to capitalize on the popularity of Chinese meme culture and the growing demand for cryptocurrency projects in that market.

Community

The Chido community has been very active, with over 2,400 followers on Twitter and frequent engagement. The project has also been endorsed by the Secret Base community, which has over 5,000 members. This suggests a strong and dedicated user base that is invested in the project's success. The community-driven nature of the project, where token holders have a say in its direction, is also a unique selling point.

Roadmap

The main roadmap item for Chido On Base is a plan to "go to China" by providing QR codes that link back to the project's social media. The team also plans to lock up 0.25% of the token supply into a separate community wallet, with the goal of attaining a $10 million market cap. This wallet will be used to send a community member to visit the Great Wall of China, with the only restriction being that the trip must cost less than $25k.

Market Performance

The Chido On Base token has displayed significant volatility in its trading activity over the past few days. The token price has ranged from a low of around $0.0099 to a high of $0.0183 during this period, indicating substantial price swings. The trading volume has also been relatively high, with several days recording over 6 million CHIDO tokens traded. This suggests strong interest and activity around the token, likely driven by the project's recent announcements and community engagement.

Pros

• Strong, engaged community with over 2,400 Twitter followers
• Endorsed by the larger Secret Base community
• Potential to benefit from the growing demand for Chinese meme projects

Official links

Website

Twitter

Telegram

Dexscreener

CoinMarketCap

Where to buy

Uniswap

This is a (daily) in-depth analysis by Memecoin Season about the most promising and/or successful meme coin projects within the dynamic blockchain space.

We first share this report with our invite-only community of investors and enthusiasts to study and potentially consider for their investment strategies. Then, the next day, we publish it for the general public.

While we thoroughly pick and analyze strong contenders in the meme coin space, remember that we do not give here any investment advice. Always consider your own goals and analyze the risks inherent to meme coins before investing.