Anyone who has interacted with the Remilia community knows that it has created one of the most confusing and self-referential corners of the Internet. The upcoming CULT token launch is no different.
Since the token was first announced, there has been a presale and tons of fried memes, but not much else. A Telegram channel currently has 5,000 people spamming it. slot machine emoji again and again. If you ask when the token will arrive, you will simply hear the answer: “don’t worry.”
So what’s going on?
Remilia Company is the project behind several large crypto and NFT communities. Its flagship product is the Milady Maker NFT Collection and derivative projects like Rémilio Baby. The company also oversees a quarterly review and its director, Charlotte Fang, often publishes philosophical essays on culture and the Internet.
On June 13, the Milady Cult Twitter account announced a presale for an upcoming Ethereum token called CULT. This raised $20.53 million, according to Milady. site. The funds have since been transferred to a Gnosis multisig wallet. This portfolio currently contains $21.4 millionAbove all Ethereum and Tether.
Now that five months have passed, some investors are starting to worry. Among slots on Telegram, more than 290 messages were sent, alleging that the pre-sale was fraudulent. “It’s 100% a scam, right?” One investor posted: “Damn man, I lost 3 ETH. »
“Yes, the token is being released”, Chief of Staff of Remilia Corporation, Scorched Earth Policyconfirmed to Decrypt. “Beyond that, I cannot explain why the delay. Except we have good reasons for doing what we do and everything is centered around ensuring we do right by our community.
But not everyone is as worried. Instead, some community members believe this delay is part of a psychological operation that will lead to World Order of Remilia (RWO).
“I think the beauty of CULT is the faith. Believe in uncertainty and rely on your convictions. It’s as simple as not worrying and having confidence in your beliefs,” pre-sale participant and self-defined Cult member. Virtue said Decrypt. “I think it’s also a life lesson. We don’t always have control over life, it’s good to let go, it’s good to be free.
In September, community members began to believe that the token was finally on its way as the official website of the cult showed that the token generation event (TGE) was “loading.” But by the end of the month, rumors spread that the token’s full launch had been canceled, despite being prompted by a falsified screenshot of the site.
How did the community react? Flows of “Don’t worry“, a plethora of “there are no refunds, I love you“, and occasionally”did you just worry about it?» This sums up Milady’s hyper-ironical absurd humor which dominates the scene.
“I thought it was funny when other people were getting upset about TGE,” Virtue explained, “I was just making silly little memes on my phone without a care in the world and I think there are the beauty in it Once the token is released, the memes will only be more abundant.
Wednesday, Polymarché odds that the token would be released this year reached an all-time high of 90%. This was in line with CULT’s new slogan that swept Twitter from “maybe it’s time.”
As speculation grew, Fang took to Twitter to reject the token being considered a coin.
“It’s an ecosystem piece for an ecosystem that, by ideological design, is a self-organizing memetic engine, enveloping not just a meme or a character but a revolutionary movement,” Fang said. said. “I think it exists as a truly new category, something like a metamemecoin or a memeplexcoin.”
Yet, the token has not been launched and over the last two days, Polymarket’s odds have fallen to 72%. The CULT waits, Team Remilia promises they’re still preparing, and everyone tries not to worry about it. Maybe it’s time?
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