SAMOYEDCOIN: The first Dog Money on Solana
Summary
Introduction
Background
Impact and Contributions
Airdrop
Sponsorship
Community engagements
Collaboration
Product and Milestones
Samo X Bonk
Conclusion
Introduction
The first of anything is always significant. Bitcoin, the first widely accepted cryptocurrency, currently dominates the market with over 55% of the total cryptocurrency share.
Recently, memecoins have gained popularity, especially on the Solana blockchain. However, before memecoins became mainstream, there was an origin story.
Let's go back in time a little to 2021
Background
Back in 2021, a group of developers launched Samoyedcoin (SAMO) as the first memecoin on the Solana blockchain, inspired by the community-building potential of Solana's ecosystem and its co-founder, Anatoly Yakovenko.
SAMO quickly evolved into an experimental Web 3.0 community coin to promote and educate users about Solana.
SAMO focuses on fostering connections among users, offering educational resources, and supporting the growth of the Solana ecosystem. It combines the fun of dog-themed memecoins with a commitment to community engagement and decentralized governance through initiatives like SamoDAO.
Impact and Contributions
Samoyedcoin (SAMO) has made significant contributions to the Solana ecosystem since its launch in April 2021.
Airdrop
Nearly 15% of SAMO's supply was airdropped using a self-developed tool valued at $250K, making it one of the most notable airdrops in Solana's history.
Airdrop to SAGA Holders
Partnership with CEX to distribute Airdrop to users
Sponsorship
Samoyedcoin (SAMO) has sponsored and participated in Hacker Houses in cities like Chicago, New York, Austin, Ho Chi Minh City, Melbourne, and Mumbai. Attendees received free $SAMO and merchandise to promote community engagement and the Solana ecosystem.
Community Engagement
Samoyedcoin actively participated in Breakpoint activations in 2022 and 2023, collaborating with partners like Orca, StepFinance, and solanapay. During these events, SAMO distributed significant amounts of $SAMO tokens to engage the community and promote the Solana ecosystem.
Collaboration
SAMO has consistently collaborated with various projects in the Solana ecosystem, promoting a motto of "lift others up instead of putting them down" This includes rebranding from "SAMO ARMY" to "SAMO FAMO" to foster a supportive community.
Through these efforts, Samoyedcoin aims to onboard new users to Solana while building a vibrant community that thrives on collaboration and mutual success.
Products and Milestone
SAMO NFTs
Samo NFT is a collection of 5,525 unique and rare NFTs inspired by the Samoyed breed
These NFTs are designed as playful and creative representation of SAMO.
NFT upgrade
Samo Recently announced the launch of SAMO NFT V2, which is an upgrade to the already existing collection, returning holders can now upgrade their NFTs with the nee art.
Samo X Bonk
Putting $SAMO side by side with $BONK we'd see how undervalued it is as of now
Conclusion
Samoyedcoin (SAMO) is not just the first memecoin on Solana but also a vital contributor to the Solana ecosystem since launch. SAMO’s innovative Web 3.0 community approach makes it different from all other memecoins with no Economic support or utilities.
Samoyedcoin has strengthened its role as an ambassador for Solana, focusing on onboarding new users and fostering lasting connections within its community.