Back to all Meme Coins

DESIGNER TOKEN ($EXIT)

General Characteristics

Launched on January 12, 2024, DESIGNER TOKEN ($EXIT) is a pioneering cryptocurrency that bridges the gap between digital assets and physical luxury goods. Its payment system allows users to seamlessly convert their crypto holdings into $EXIT tokens, which can then be used to purchase real-world luxury goods. $EXIT serves as a medium of exchange between cryptocurrencies and luxury goods on designermall.io, a retail platform offering over 1K SKUs across fashion, wellness, and accessories. The token is designed to eliminate the need for the often stressful and problematic fiat conversations by instantly converting crypto assets to physical assets. $EXIT positions itself as crypto's first medium of exchange between digital assets and physical luxury goods and services. Aside from being a shopping token, $EXIT provides holders passive income by offering a staking feature. Moreover, EXIT technology merges physical luxury goods with NFTs, creating digital identities of luxury items. If you purchase an NFT on EXIT, you will get the physical luxury item and its digital counterpart. Built on the BNB Smart Chain, $EXIT was created by EXIT LABS and inspired by Opulence Global, a global e-commerce company that has been using internal currency systems since 2005. Opulence has added $EXIT to its payment method, allowing customers to purchase its products and services with the shopping-based token.

Roadmap

EXIT is committed to continuous innovation. After launching the $EXIT token, an online mall and a payment system for token holders, here is what the project sets out to achieve next:

Functionality and Utility

First, $EXIT powers the Exit Shopping Ecosystem. Here are several other functions and utilities the token offers:

Market Performance and Dynamics

$EXIT has a total supply of 1B tokens. 80% of which went to a crowd sale, 15% to early investors, 2% to marketing, 1% to community reward, 1% to advisors, and 1% to early contributors. The token is currently held by 180 holders. At the time of writing this line, $EXIT is being traded at $3.18, representing a 1.67% surge over the past week. Its market cap currently stands at $3.19B, with a daily trading volume of $3.61K and liquidity of $42.52K.

Community

DESIGNER TOKEN has an active and engaging community of 14.1K subscribers on Telegram, 2.8K followers on X, 69.8K followers on Instagram, 53K followers on Facebook, and 5.2K+ followers on TikTok.

Pros

5 Questions to the EXIT Team

1) What inspired the creation of the EXIT Ecosystem, and how did you identify the need for a luxury shopping ecosystem powered by cryptocurrency? Inspired by the vast, untapped potential of the luxury market and the inefficiencies of traditional crypto-to-fiat conversions, EXIT Ecosystem was born. EXIT Labs is backed by Opulence Global, a company with 19 years of experience in selling luxury goods worldwide. We saw a golden opportunity to merge the world of high-end retail with cutting-edge blockchain technology, giving crypto holders a direct path to luxury without the hefty fees. 2) How is EXIT changing the luxury market with blockchain technology? What specific problems in the luxury market are you addressing with this platform? EXIT tackles counterfeiting, ensures transparency, and simplifies transactions in the luxury market. Our blockchain platform guarantees the authenticity and origin of luxury goods, solving issues of trust and fraud while making luxury shopping seamless and secure for crypto users. 3) How does the EXIT Ecosystem offer freedom and autonomy in commerce, banking, and spending compared to traditional FIAT systems? EXIT frees users from fiat system constraints with instant crypto-to-luxury conversions. Our platform emphasizes moving away from traditional currencies to embrace the future of finance with cryptocurrency. By enabling direct peer-to-peer transactions, EXIT enhances privacy and eliminates the costly, slow processes of fiat conversions. This approach ensures true financial freedom and autonomy, breaking away from the limitations and fees of traditional banking systems. 4) EXIT claims to be the first utility token backed by tangible physical goods. How does this work, and what benefits does it provide to token holders? EXIT tokens are directly convertible into high-end physical goods via our platform, ensuring real-world value. On designermall.io, you can bring any cryptocurrency and buy luxury goods (you can check our beta now). This unique backing provides stability and confidence, making it a robust investment option while offering immediate, tangible benefits through luxury purchases. Token holders can benefit from the massive financial flow of the luxury industry, with transactions often ranging from $2,000 to $10,000, potentially increasing the token's value. Our token was initially listed at $0.01 and is now valued at over $3, and we haven't even launched designermall yet. In 2023, the overall luxury market reached a record €1.5 trillion (approximately $1.68 trillion). Honestly, we don't know how high it could go, but this is just the beginning. 5) What are the unique advantages of using EXIT tokens compared to traditional payment methods in the luxury market? EXIT tokens eliminate the need for expensive and slow fiat conversions, providing a seamless, direct way to purchase luxury goods. This not only saves costs but also ensures quick, secure, and transparent transactions, enhancing the overall shopping experience. Additionally, while EXIT is primarily a utility token designed for tangible use cases, the increasing demand and limited supply could result in significant price appreciation, adding a potential financial upside for holders.

Official links

CA: 0xdebd6e2da378784a69dc6ec99fe254223b312287 Whitepaper Website Twitter Telegram Facebook Instagram

Where to buy

Dex-Trade Uniswap PancakeSwap 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.
Featured on Jul 12
Binance Smart Chain 🖼 NFT
🔥
Stay ahead of the curve
Receive a daily digest of the newest meme coins.

Discover startups similar to DESIGNER TOKEN ($EXIT)