Why I am optimistic about PIGGY and participated in Gate's Launchpool

#PostToWinPIGGY

When I saw Gate launch a new Launchpool project called PIGGY, my first reaction was: another animal coin? But after diving deeper, I found that it might not just be a trend-following project, but rather a clever attempt in the current market.

What is the charm of PIGGY?

First of all, its name and image "Little Pig" carry a positive connotation of "savings" and "wealth accumulation". This provides a sense of stability and solidity in a narrative where cryptocurrencies pursue "getting rich quick". I believe this is not a coincidence, but rather a clever psychological suggestion of "value storage" added by the project team on top of meme culture. Unlike some meme coins that purely rely on community sentiment, PIGGY seems to want to establish a community with more stickiness and a long-term vision.

Secondly, I noticed its tokenomics and distribution mechanism. By participating in Gate's Launchpool, we can mine PIGGY for free by staking mainstream assets like GT and USDT. This is a low-risk way for me to get involved with new projects. I don't have to invest money directly to buy; I just need to stake my temporarily idle assets to potentially earn high-return new tokens. This greatly lowers my participation threshold and FOMO feelings.

For me, Launchpool is not only a channel for obtaining airdrops but also a "touchstone" for projects. Gate, as an established and reputable exchange, usually selects projects that have certain fundamentals and market attention. I chose to invest a portion of my USDT in this Launchpool precisely because of this. It allows me to accumulate some tokens before the project goes live for trading, whether I choose to hold long-term or sell at market sentiment peaks, I have already gained an advantage.

In the short term, I will closely monitor the price trends and community activity after PIGGY goes live. A healthy meme coin requires strong community consensus and ongoing narrative. If PIGGY can integrate its core concept of "savings" with engaging community activities (like this Gate Square event), it has great potential to stand out.

In the long run, I hope PIGGY can go beyond just being a meme label and develop some practical use cases, such as staking yields in DeFi scenarios, or serving as a governance token within a certain ecosystem. If it can achieve this, then its value will be strongly supported.