What Is Milady Meme Coin (LADYS) and How to Buy LADYS

Find out why Milady Meme Coin (LADYS), a cryptocurrency paying homage to the Milady Maker NFT collection, is generating buzz in the meme coin space.

Key Takeaways:

• LADYS is a meme coin celebrating the popular Milady Maker NFTs.

• With no utility, Milady Meme Coin relies on its loose association with Milady Maker and community support.

• LADYS saw a significant surge in price starting in late 2023, reaching its all-time high (ATH) in March 2024.

• The LADYS project is decentralised, with 94% of tokens in the liquidity pool, 5% in a trackable wallet for future use, and 1% distributed through an airdrop.

• In June 2024, LADYS secured a $5 million capital infusion from DWF Labs for further development and community engagement.

What Is Milady Meme Coin (LADYS)?

Milady Meme Coin (LADYS) is a cryptocurrency on the Ethereum blockchain that exists as an homage to Charlotte Fang’s Milady Maker generative NFT collection. A meme coin in the truest sense, LADYS has no utility, relying instead on a supportive community and social buzz to generate interest and accumulate value. 

Milady Meme Coin launched in May 2023 with unknown creators, though the official site makes it clear that LADYS has no direct affiliation with Charlotte Fang or Milady Maker. Starting in late 2023, LADYS soared in value, reaching an all-time high (ATH) of $0.0000003923 on 13 March 2024. 

The noticeable growth of LADYS in recent months is likely related to the increased popularity of meme coins and their availability on major platforms like Crypto.com, which has generated greater visibility.

Learn more about the growth of meme coins in this article.

How Does Milady Meme Coin Work and Why Is It Gaining Popularity?

Since Milady Meme Coin operates in the Ethereum ecosystem, it’s already compatible with most wallets and easy for platforms to support, lending plenty of accessibility. Leaning into its status as a meme coin with no utility, its official site lightheartedly describes LADYS as a “completely useless” coin with no intrinsic value. The site also makes it clear there is no formal team, though the home page includes an informal three-phase roadmap.

Notably, Milady Meme Coin does not have a white paper, which many traders use in evaluating the legitimacy and long-term viability of cryptocurrency projects. Despite, or perhaps partially due to, the lack of conventional cryptocurrency components, LADYS is generating plenty of buzz in the crypto space. Its market cap is currently hovering around $105 million, with around $10 million in trading volume per day.

Tokenomics and Governance

Milady Meme Coin has a total supply of 888 trillion tokens. Of this total supply, 94% resides in the liquidity pool (LP), facilitating decentralised trade and price stability. The creators burned their LP tokens, removing their control over this supply to make LADYS community-driven.

The creators maintain 5% of the supply in a trackable wallet with the Ethereum Name Service (ENS) name ‘miladymeme.eth’. The official site states that this supply is intended for future centralised exchange listings, bridges, and liquidity pools.

The final 1% of LADYS supply went to holders of Milady NFTs and PEPE tokens in an airdrop.

Recent Developments

In June 2024, Milady Meme Coin secured a $5 million investment from DWF Labs. It’s unclear what this capital infusion will lead to, but the press release references “new avenues for development, collaboration, and community engagement within the LADYS and meme ecosystem.”

Where Will LADYS Be in 2024?

Milady Meme Coin is finding success in its status as a meme coin with an unapologetic lack of utility, similar to other coins like dogwifhat (WIF) and BOOK OF MEME (BOME). Considering its price appreciation through early 2024, and capital infusion and collaboration with DWF Labs, it’s fair to expect that LADYS will continue to attract more attention in the coming months. External market factors, such as the high level of interest in meme coins, could also contribute to an appreciation in the trading price of LADYS.

While Milady Meme Coin has some exciting possibilities in the near future, no one can say for sure where it will be trading in the future. Cryptocurrencies are volatile, and meme coins can be especially so. The opportunity for gains comes with significant risk, and unanticipated events or changes in macroeconomic factors could lead to price swings in either direction.

How to Buy Milady Meme Coin (LADYS)

Buying LADYS is straightforward with the Crypto.com App, where users can find over 250 available cryptocurrencies, from meme coins like Shiba Inu, Dogecoin, and Pepe to Bitcoin, Ethereum, and Ripple. Users can fund their account easily with USD, EUR, HKD, GBP, and other fiat currencies. Here’s how:

1. Download the free Crypto.com App from the Apple App Store or Google Play Store.
2. Complete a simple sign-up process.
3. Fund the account. Users can choose a debit card, credit card, or Apple Pay for instant transfers. For a bank transfer, allow 1–3 days for funds to clear.
4. Once the funds clear, start buying LADYS.

Conclusion

Milady Meme Coin combines the allure of meme culture with the digital art scene through its loose association with Milady Maker NFTs. However, it lacks a formal white paper, and the creators explicitly state that the token has no utility and is meant solely for entertainment purposes. Additionally, there is no formal roadmap or team, which could pose risks. 

While LADYS has shown excellent potential for growth, the inherent volatility of meme coins and the lack of traditional crypto components like a white paper mean that buying the token could carry more risk. Always consider risk tolerance and goals before purchasing any cryptocurrency, and users should never put in more funds than they are prepared to lose.

Due Diligence and Do Your Own Research

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Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.