By Frank Martin (MoneyAmped.com)
Brett, a top meme coin on Ethereum scaling solution Base, has made headlines in recent months after Coinbase labeled it as the official mascot of that Blockchain.
This article dives deep into Brett. Keep reading to learn why it is one of the most sought-after meme coins in this bull cycle.
How Does the Brett Meme Coin Work?
Brett is community-driven, meaning it relies on the support of community members to achieve success. These members actively engage on social media to keep the meme coin relevant. In return, they frequently receive giveaways for their contribution.
In terms of technicalities, Brett adopts the deflationary mechanism, where tokens are removed permanently from circulation to boost the price of the meme coin.
Utilities of Brett
Unlike many meme coins, Brett has numerous use cases, such as:
Facilitating Peer-2-Peer Transactions: Holders of Brett can transact with each other on Base at considerably low costs.
Promoting Meme Culture: The Brett token advocates for interaction and collaboration among community members, thus aligning with meme coin fundamentals of creating strong online communities.
Acting as a Solid Investment: The team behind Brett plans to keep the project running for a long time. This means the meme coin can be considered a long-term investment. While Brett poses massive financial risks, it could be a proper investment if the hype around it keeps growing.
Brett’s Major Features
So, what makes Brett stand out from the thousands of meme coins in the market today? Here are its unique features:
1. Transparent Tokenomics: Anyone can access Brett’s tokenomics by visiting Basedbrett.com. This level of transparency makes Brett a trusted meme coin project. On the website, you will notice that the meme coin’s maximum token supply is 10 billion, with 10% set aside as a treasury reserve. 85%, or about 8.5 billion tokens, have been allocated to several liquidity pools to facilitate trading, while 5% is for marketing and centralized exchange listing.
2. Renounced Contract: Brett creators do not have control over the meme coin’s code. That’s because they renounced the project’s smart contract, prohibiting them from adding any malicious code that may cause investors to lose their funds.
3. Locked Liquidity: Brett’s liquidity pools are locked. That means the team cannot execute a rug pull by withdrawing the deposited funds.
A Step-by-Step Guide to Buying Brett on a Centralized Exchange
Brett is listed on several top exchanges, including KuCoin, Bybit, BingX, CoinOne, and Gate.io. This makes it easy to access.
Here is how you can purchase the meme coin on any of the mentioned exchanges:
1. Pick the Right Exchange
When selecting an exchange to buy Brett, consider factors like trading fees and its availability in your country of residence. Once you identify an ideal one, create and verify an account to get started.
2. Fund Your Account
If the created account gets verified, go ahead and deposit USDT. Most exchanges allow customers to purchase USDT using credit/debit cards. Furthermore, you can deposit the stablecoin from an external source.
3. Purchase Brett
Once you’ve funded your exchange account with some USDT, look for the ‘Trade’ or ‘Buy/Sell’ Button and click on it. Next, search ‘BRETT/USDT’ and create a buy order by specifying the amount of USDT you wish to spend on the Brett meme coin. After that, click ‘Buy’ to initiate the purchase. Your Brett will hit your account once the exchange completes the transaction.
How to Buy Brett on a Decentralized Exchange
To purchase Brett from the Uniswap decentralized exchange, ensure you have a noncustodial wallet compatible with the Base blockchain. We recommend using Phantom or MetaMask. After funding the wallet with ETH, go to Uniswap.org/swap and connect your wallet. Also, ensure the wallet is connected to Base and then click ‘Select Token.’
Next, enter Brett’s smart contract (0x532f27101965dd16442E59d40670FaF5eBB142E4) in the search field and click ‘BRETT.’ Now specify the amount of ETH you wish to spend on Brett and press ‘Swap.’ A popup message will appear, requiring you to confirm the transaction in your wallet. Upon confirmation, Brett tokens will be deposited in your wallet.
