Will the Milady Meme Coin CULT Ever Launch? ‘Don’t Worry About It’

Anybody who has interacted with the Remilia neighborhood will know they’ve created one of the complicated and self-referential corners of the web. The upcoming CULT token launch isn’t any completely different.

Because the token was first introduced there was a pre-sale and tons of deep fried memes—however not a lot else. A Telegram channel is at present full of 5,000 individuals spamming a slot machine emoji time and again. For those who ask when the token is coming, you merely hear the reply, “don’t fear about it.”

So, what’s going on?

Remilia Company is the mission behind a number of main crypto and NFT communities. Its flagship product is the Milady Maker NFT assortment and spinoff initiatives like Remilio Child. The company additionally oversees a quarterly journal and its chief, Charlotte Fang, typically publishes philosophical essays on tradition and the web.

On June 13, the Milady Cult Twitter account introduced a pre-sale for an upcoming Ethereum token referred to as CULT. This raised $20.53 million, in response to the Milady web site. The funds have since been moved to a multisig Gnosis pockets. This pockets at present holds $21.4 million, largely Ethereum and Tether.

Now that 5 months have handed, some buyers have began to get stressed. Amidst the slot machines on Telegram, greater than 290 messages have been despatched alleging the pre-sale was fraudulent. “It’s 100% a rip-off, proper?” One investor posted, “Fuck man I misplaced 3 ETH.”

“Sure the token is being launched,” Chief of Workers at Remilia Company, Scorched Earth Coverage, confirmed to Decrypt. “Past that I can’t elaborate why the delay. Besides that we’ve good causes for doing what we’re doing and all the pieces is centered round ensuring we do proper by our neighborhood.”

However not everyone seems to be so involved. As an alternative, some neighborhood members consider the delay is all a part of a psychological operation that can result in Remilia World Order (RWO).

“I believe the fantastic thing about CULT is religion. Religion in uncertainty and relying in your beliefs. It is so simple as not worrying and having confidence in your convictions,” pre-sale participant and self-defined Cult member Advantage instructed Decrypt. “I believe it’s additionally a life lesson. You aren’t at all times in management in life, it’s okay to let go, it’s okay to be free.”

In September, neighborhood members began to consider that the token was lastly on its approach because the official Cult web site confirmed that the token technology occasion (TGE) was “loading.” However by the top of the month, rumors unfold that the whole token launch was cancelled—albeit, spurred on by a doctored screenshot of the location.

How did the neighborhood reply? Streams of “don’t fear about,” a plethora of “there isn’t any refund, I like you,” and the occasional “did you simply fear about it?” This sums up the absurdist hyper-irony Milady humor that dominates the neighborhood.

“I discovered it humorous when different individuals have been getting upset concerning the TGE,” Advantage defined, “I used to be simply making foolish little memes on my telephone with no care on this planet and I believe there’s magnificence in that. As soon as the token comes out the memes will solely be extra plentiful.”

On Wednesday, Polymarket odds that the token could be launched this 12 months reached an all-time excessive at 90%. This was in-line with CULT’s new catchphrase sweeping Twitter of “perhaps it is time.”

As hypothesis grew, Fang took to Twitter to reject the token being thought-about a meme coin in any respect.

“It is an ecosystem coin for an ecosystem that’s by ideological design a self-organizing memetic engine, not wrapping only a meme or character however a revolutionary motion,” Fang stated. “I believe it exists as a genuinely new class, one thing like a metamemecoin or a memeplexcoin.”

Nonetheless, the token hasn’t launched and prior to now two days Polymarket odds have fallen to 72%. The CULT awaits, the Remilia workforce guarantees it is nonetheless making ready, and everyone seems to be attempting to not fear about it. Perhaps it’s time?