IC Ghost ($GHOST) is the first MEME coin project on the IC chain. It was launched on the ecological application governance system SNS. Holders can vote for the project governance on SNS. Currently, $GHOST has been listed on many DEXs in the ICP ecosystem, including Sonic, ICPSwap, and ICLighthouse. Due to the nature of MEME, many long-term ICP investors believe that $GHOST is one of the few projects that can help the not yet prosperous ICP ecosystem rise.
Yesterday, we invited the IC Ghost team to represent Palangga as a guest in the ICP Chinese community and held an AMA. At the same time, as IC Ghost’s first AMA since its establishment, Palangga answered many questions for ICP enthusiasts.
If you are an ICP enthusiast, then after reading this article you can learn:
• IC Ghost’s future development plans
• IC Ghost’s CEX listing plan
• Utilities being developed by the IC Ghost team
The complete manuscript of Q&A is as follows:
**Moderator: In the current encryption market, there are MEME coins based on emoticons and MEME coins based on pop culture. So which one does IC Ghost belong to? Please also briefly introduce IC Ghost. **
Lover:
IC Ghost is unique in the world of MEME coins, sitting at the intersection of humor and decentralized practicality. Our project actually grew out of the idea of creating NFTs based on the ICP ecosystem. We have been obsessed with cartoons related to “ghosts” since we were children. We think the concept of “ghosts” is interesting and thought-provoking. Therefore, we view $GHOST as a whimsical spirit that adds humor and levity to the crypto world. Our goal is to bring these elements of humor into the decentralized world while providing real-world utility. Essentially, we hope that every member of the ICP community can find an interesting friend in $GHOST, making the entire ICP ecosystem more interesting.
**Moderator: But why do you want to build this project on the IC chain? Or in other words, what was your original intention in establishing IC Ghost? **
Lover:
Last June, we noticed a gap in the ICP ecosystem - there was no MEME project to interact with the community in a fun and easy way. That’s when we decided to launch $GHOST. Our main purpose is to airdrop the majority of $GHOST to as many users in the ICP ecosystem as possible to build a strong and vibrant MEME ecosystem.
From the very beginning of the project, $GHOST has prioritized community. We initially adopted the EXT token standard, and 51% of the tokens were airdropped directly to community users. Additionally, we work with a range of projects within the ICP ecosystem to provide additional airdrops to their users. If you are an ICP enthusiast, then you have most likely received airdrops of $GHOST tokens and NFTs.
After launching on the SNS platform, $GHOST has grown into a 100% community-driven project. We believe in the power of decentralized governance, which is why $GHOST is more than just a MEME coin. Our community members are not just passive bystanders, they are active co-creators and real decision-makers behind the projects. This strong community participation, driven by decentralized governance, is what sets $GHOST apart and sets it apart from mere MEME coins.
Inspired by the Ghost-related cartoons from our childhood, we envisioned $GHOST as a “mascot” for the broader ICP community – a ghostly image that would not only make people smile, but also act as a way to attract new users into the ICP ecosystem entry point.
To sum up, in essence, $GHOST is not just a MEME, but also has community participation and decentralized governance at its core.
**Moderator: IC Ghost was officially launched on SNS, so why did you choose to issue coins on SNS instead of issuing coins independently? **
Lover:
The choice to launch IC Ghost’s official token on the SNS platform is a strategic decision rooted in our core principles of community participation and decentralized governance. There are several key reasons.
• Community participation: SNS is a community-oriented ecological application governance platform on the IC chain, which is very consistent with our vision of creating a 100% community-driven project, which is crucial to the development and governance of IC Ghost.
• Technical collaboration: SNS provides us with existing tools and infrastructure for DAO. This allows us to leverage them to provide a better experience for the community.
• Decentralization: Independent currency issuance often requires centralization, especially in terms of maintenance and governance.
• Visibility and credibility: Launching on SNS provides us with a direct audience that is already participating in the ICP ecosystem. This not only gave us visibility but also gave the project a level of credibility from the start.
• Resource Efficiency: Standalone builds often consume significant amounts of time and resources. Utilizing the SNS platform allows us to focus more on project development, community participation and governance, rather than the basic technical details of token issuance and maintenance.
In summary, by launching on SNS, we reaffirm our commitment to community participation and decentralized governance. This approach ensures that IC Ghost is not just a MEME coin, but a community-focused project.
**Moderator: Let me ask about the future plans of $GHOST. First of all, usually, if MEME Coin wants to achieve large-scale growth, it must either rely on selling or burning. So as a DAO, how will $GHOST grow? **
Lover:
In the world of MEME coins, rapid growth is often achieved through pump-and-dash, viral marketing, or a token economy designed for scarcity and “burning” (destroying tokens to reduce supply). However, as a DAO, $GHOST has a more comprehensive and sustainable way to grow.
• Community-driven decision-making: As a DAO, $GHOST can benefit from collective governance. Every member has a say in the direction of the project, which not only improves decision-making but also deepens community engagement and ownership.
• Utility and ecosystem building: Our long-term roadmap includes a variety of utilities that will provide value to the community. From staking and mining in DeFi, the $GHOST-themed NFT market, to the Metaverse virtual world tailored for the $GHOST community, these utilities will drive user participation and create multiple value streams.
• Educational Program: We will launch webinars and other educational content, educated members are empowered members and can contribute more effectively to the $GHOST ecosystem.
• Philanthropy: We plan to engage in philanthropic activities that, by having a positive real-world impact, we believe will also attract more responsible investors, thereby promoting the long-term growth of $GHOST.
• Partnerships: We are collaborating with other projects and organizations so that by integrating $GHOST into the broader ecosystem we can drive demand and increase utility.
• Cultural Integration: Our goal is for $GHOST to become a pop culture symbol. By promoting out of the loop and into the world of Web2 users, we can achieve organic and widespread growth beyond the limitations of the traditional crypto community.
• Transparency: Transparency is the key to trust, and trust is the key to growth. We’re committed to keeping our community up to date through regular reports, roadmaps, and open forums for discussion and voting.
In summary, while pulling and burning can lead to rapid growth, they often lack sustainability. $GHOST’s goal is to achieve a stable and sustainable growth trajectory driven by real utility, community engagement, and transparent governance.
**Moderator: In the Chinese ICP enthusiast circle, many people believe that $GHOST and $SNS-1 are the most promising to achieve large-scale growth. I sincerely wish $GHOST success! **
Moderator: Many ICP enthusiasts wonder why many projects were not listed on CEX as soon as possible after the launch of SNS Swap. It is well known that listing on CEX is an effective way to attract capital and attention. Technically speaking, the ICP ecological project can dock the listing plan with CEX on its own without waiting for the coordination of the DFINITY Foundation. So does IC Ghost have any plans in this regard? How is it going now? Please share it with us
Lover:
We acknowledge that there are many in the broader ICP community who have expressed curiosity and concern as to why many projects, including IC Ghost, have not yet been listed on CEX despite being launched on SNS Swap. While there are no major technical barriers to integrating tokens with CEX, there must be other considerations.
• Cost: Listing on CEX often requires high listing fees, which can be a burden for community-driven projects like ours.
• Strategic Focus: Our current focus is to continuously increase the value and utility of $GHOST, thereby strengthening the community. We believe that the true value of a project is determined by the breadth of its use cases and the strength of its community, not just by which exchange it is listed on.
• Community trust: We understand the community’s desire for CEX listing. We are actively working on this on multiple fronts but will not commit to a specific time frame as we do not want to jeopardize the trust and support we receive from the community.
**Moderator: But you should already have a CEX partner now, right? **
Lover:
We have contacted some CEX, but they said they will look into SNS first.
**Moderator: Last question, what do you think of the future of the ICP ecosystem? How can IC Ghost help the ICP ecosystem? **
Lover:
We are very optimistic about the future of the ICP ecosystem, which we believe is “fertile ground” for innovation and community engagement. IC Chain’s unparalleled focus on decentralization, speed and security makes it the center of the next generation of digital services. As it gains more mainstream attention, we expect more projects to build and thrive on the IC chain.
IC Ghost is contributing to the ICP ecosystem. We are not just a MEME coin, but a community-focused project that aims to increase user engagement and promote democratic governance within the ICP ecosystem. By introducing utilities such as DeFi, NFT markets, and the Metaverse, we can expand the appeal and usefulness of the ICP ecosystem in the future.
In addition, we hope to connect the ICP ecosystem with popular culture through various channels such as webinars, marketing, and offline gatherings. This will make it easier for ICP to reach a wider audience.
After the basic Q&A, community members asked some interesting questions about IC Ghost.
**Community member: You mentioned in your future plans that you will create a metaverse virtual world for $GHOST. Can you briefly talk about it? **
Lover:
We know you’re all curious about the $GHOST metaverse! Our focus now is on creating an amazing gameplay demo that will lay the foundation for our vision. While we can’t reveal all the details yet, know that we’re working on building something extraordinary.
**Community Member: We are currently in a bear market. Therefore, this is keeping investors away as the current market situation is too unstable. So can you give me some good reasons why I should buy $GHOST in this market situation? And why should your token holders continue to hold? **
Lover:
Why invest in $GHOST in a bear market?
• The first MEME coin in the ICP ecosystem: $GHOST is honored to be the first MEME coin in the rapidly growing ICP ecosystem, which shows innovation and vision.
• The first MEME coin to be launched on SNS and achieve 100% on-chain governance: As the first MEME coin to be launched on SNS and achieve complete on-chain governance, we are breaking new ground. This is not just “our project” but is owned and operated by the community. Team members hold only 4.08% of the tokens and are staked for at least one year. This ensures that our interests are aligned with the long-term development of the community.
• 100% of funds raised are used for liquidity: We invest all funds raised from SNS into liquidity. This reflects our integrity and unwavering commitment to our community.
• Robust Roadmap: DeFi utility programs, philanthropic initiatives, and extensive marketing initiatives are underway to add more value to $GHOST.
• Resilient Market Performance: Amid volatile market conditions, $GHOST remains strong, demonstrating our solid foundation and the trust of our community.
• Future Potential: We are excited about the upcoming gameplay demos for the Metaverse.
Why hold it?
• Community ownership: $GHOST truly belongs to you, and every holder has a say in its future development.
• Asset Diversification: There are multiple utilities in our roadmap that provide multiple ways to earn long-term gains.
• Working together: Rome wasn’t built in a day. Likewise, $GHOST’s “Journey to the Moon” is a collective journey.
**Community Member: The vote to burn $GHOST into official tokens has passed. When will this plan be implemented? **
Lover:
We are delighted with the enthusiastic community participation in the token burning proposal. The vote has been passed, but it is also crucial for us to act thoughtfully and responsibly.
While burning tokens may seem like a quick win, it may go against the decentralized ethos at the heart of $GHOST. We hold private property to be sacrosanct. To this end, we will be spending additional time in in-depth discussions with the community to weigh the long-term implications of this decision.
Thank you for your continued support and active participation. The power of $GHOST comes from the community, and we are committed to respecting the community’s one click when making important decisions.
**Community Member: Does IC Ghost’s vault need to change its LP strategy soon? I think LP can become a long-term source of income for the treasury, similar to MakerDAO’s profit model, which depends on the active trading volume of the community, so I think LP should adjust as soon as possible. We can propose to use one-third of the treasury to buy $GHOST on the market, and then reset the LP. Over time, there should be good returns, promoting listing on CEX, and LP’s income and capital volume are expected to grow exponentially. **
Lover:
Thank you for making such an important suggestion and making us realize that LP can serve as a long-term source of income for $GHOST, just like MKR DAO’s profit model that relies on active community transactions.
Your insights are invaluable, and we will immediately prioritize looking into adjustments to our LP setup to improve our long-term sustainability and profitability.
Thank you again for being an integral part of our community and helping us “aim” for new heights.
