$MeanDAO

$MeanDAO

$MEAN | Meanfi | Published Dec 17, 2023

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Project: MeanFi

Website link: https://meanfi.com/

Token: $MEAN

FDV: Ranging between $5M - $10M

Overview: MeanFi is a treasury management tool suite that enables projects to carry out and customize core processes such as token sales, yield generation, subscriptions, NFT sales, taxes, payroll, invoices etc.

MeanFi has strong backers considering its tiny market cap:

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While the $MEAN token itself is only used for governance, we’re at the point where any quality project on Solana under a $10M FDV has the potential to 10x. MeanFi generates revenue through its smart contracts which goes into its treasury. At some point in the future, there is the possibility token holders are the beneficiaries of this revenue.

Notes:

  • Obviously, if this bullish market rolls over, low cap tokens like $MEAN will not fair well.
  • Please note that micro cap tokens like $MEAN can regularly experience 50% - 75% drawdowns in price.
  • We’ve yet to see real demand come in for this specific product or token. This is a high risk, high reward micro-cap project that could take significant time to see success and might not see success at all.

$MEAN can be purchased on jup.ag:

(token address: MEANeD3XDdUmNMsRGjASkSWdC8prLYsoRJ61pPeHctD)

Due to low liquidity, if you plan to buy more than $500 or so, consider using the DCA function on Jupiter to spread out your buys to lessen price impact and slippage.