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Trump’s Bags ($BAGS)

General Characteristics

Trump’s Bags ($BAGS) is a tech-enabled PoliFi meme coin that combines the lightheartedness of memes and real utility. Launched on the Base Chain in May 2024, Trump’s Bags aims to support Donald Trump’s crypto drive by automatically sending a certain amount of USDC from every trade to his wallet. Every trade (buy or sell) involving $BAGS automatically converts 5% of the transaction fee into USDC before going to Trump’s wallet. Trump’s Bags automatically fill Trump’s wallet without human interference by employing real-time, first-mover smart contract technology. The funds are verified on-chain, and the total amount raised at press time is 61,473 USDC. The more you trade the meme coin, the more you support Trump’s crypto community and boost your crypto holdings. If contributions keep rolling in, $BAGS aims to get a shout-out from the presidential candidate. With the US Presidential election approaching, Trump’s Bags is well positioned for a major rally if Trump emerges victorious. The meme coin has already displayed initial growth potential in under one month of its birth.

Roadmap

Phase 1 Phase 2 Phase 3

Functionality and Utility

Trump’s Bags offers an innovative utility. As mentioned earlier, every trade involving the meme coin will automatically convert 5% of the transaction fee to USDC, filling Trump’s crypto wallet. Ensuring transparency and eliminating human interference, Trump’s Bags leverages automated contract technology to automatically and securely support Trump’s crypto community.

Market Performance and Dynamics

$BAGS has been impressive in just under one month of going live. Over the past month, the Trump-inspired token has moved from a thousands-dollar market cap to a multi-million dollar one. At the time of writing this line, the meme coin has a market of $68.30K. It is currently being traded at $0.0₅1455, showing a 9% surge in the last 24 hours. $BAGS has a total supply of 47B coins, all of which are in circulation. Its 24-hour trading volume is $9.99, and its liquidity is $28.9K. LP has been locked, and the contract has been renounced. For its token distribution, 70% goes to liquidity, 10.5% to smart contact, 10% to marketing and partnership, 5% to centralized exchanges (CEXs) listings, and 4.5% to its team.

Community

Trump’s Bags community is gradually growing. As of the time of writing, it has attracted 628 followers on X and over 300 subscribers on Telegram. It also has an active presence on TikTok and Facebook.

Pros

5 Questions to Trump’s Bags Team

1) What was the inspiration behind creating Trump’s Bags, and how did you come up with the idea of directly funding Trump’s wallet with each transaction? What is the ultimate vision you have for this project? The inspiration behind Trump’s Bags stemmed from the desire to merge the excitement of meme coins with tangible utility and showcase the power of crypto smart contracts. The idea of directly funding Trump’s wallet with each transaction was conceived to create a unique selling proposition that appeals to both Trump supporters and the broader crypto community. The ultimate vision for Trump’s Bags is to become a prominent player in the crypto space, leveraging its unique utility to drive engagement and support for Trump’s crypto advocacy. Our project aims to demonstrate the power of cryptocurrencies in supporting real-world causes and influential figures. 2) Can you explain how the smart contract used in Trump’s Bags ensures USDC is automatically and securely sent to Trump’s wallet with each trade? What makes this technology a first-mover in the crypto space? Well, 5% of every trade is automatically converted into USDC and securely sent to Trump’s wallet due to the advanced smart contract technology. This process is fully automated, eliminating the need for manual intervention and ensuring transparency and reliability. What sets this technology apart is its real-time execution and on-chain verifiability. By being the first to implement such a system, Trump’s Bags positions itself as a pioneer in the crypto space, showcasing the practical applications of smart contracts in supporting real-world initiatives. 3) How does the increased trading volume and funding of Trump’s wallet potentially boost holders’ crypto assets? Are there any specific incentives for high-volume traders? Increased trading volume directly funds Trump’s wallet, enhancing the overall value of Trump’s Bags. As the project gains more attention and support, the demand for the token is likely to rise, potentially boosting individual holders’ crypto assets. The smart contract milestones provide specific incentives for achieving certain volumes of trades sent to Trump. For example, achieving certain funding levels triggers actions like supply burns and additional contributions to Trump’s wallet. This creates a positive feedback loop that benefits active participants and gives Trump a war chest to potentially use on crypto initiatives or promoting the project. 4) Are there any plans for collaborations or partnerships with other projects or influencers in the crypto space? How could these partnerships enhance the Trump’s Bags project? Trump’s Bags plans to collaborate with other projects and influencers within the crypto space. These partnerships are expected to enhance visibility, increase adoption, and bring additional utility to the token. Collaborations could involve joint marketing efforts, co-branded campaigns, or technological integrations, all aimed at strengthening the Trump’s Bags ecosystem and driving further growth and engagement. 5) What plans do you have in place to ensure the long-term sustainability of Trump’s Bags? How do you envision the project evolving over the next few years? To ensure long-term sustainability, Trump’s Bags is focused on maintaining a robust liquidity pool, continuous marketing efforts, and regular community engagement. The project’s tokenomics are designed to support ongoing development and growth. Over the next few years, Trump’s Bags envisions evolving through strategic partnerships, expanding utility, and potentially integrating with other blockchain projects. The goal is to cement its position as a top 100 crypto project, leveraging its unique blend of meme appeal and real-world utility to drive sustained success.

Official links

CA: 0x5589d7eD64A96EF2c60F9a218204425f83396ae8 Website Twitter Telegram TikTok Facebook

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.
Featured on Oct 28
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