Leicester

Doge coin inspires others.

We had certain ones that are kind of like at that top of the pyramid and they inspire others to be created.

Shib and Doge are competing.

Leash gets created the so-called Doge killer.

Which, of course, is a scam.

But the point is, at the time, that was kind of that predominant messaging.

Well, then someone had the idea, and I don't know who specifically, if it was SafeMoon, John Caroni, if it was him or somebody else at the time that originated this thought.

I'm pretty sure that it had to be SafeMoon that started it, but I don't know 100%.

but the idea of reflections and burns and taxes.

So in the reflection, what happens is as volume occurs on chain, so you have buys and sells, a small percentage gets redistributed to everybody else who's still holding the token.

With the thought being we are incentivizing you for holding.

So then that's where HODL, H O D L, the concept comes into play.

We're giving people some sort of incentive to hold instead of sell.

And we do that by these main mechanics reflections, which is your bag's just going to grow based on you holding, you hold and the amount that you hold grants you a percentage.

And that's just going to come to your free money, right?

Well, in order to sustain that, you had to have an obscene amount of tokens.

That's where you started seeing the trillions and quadrillions of tokens start spinning up.

That's where with SHIB, the story was, I believe it was a hundred quadrillion of tokens at the time.

I believe that's true.

And then half gets sent to the idiot Vitalik who then burns them.