NESSY COIN


NESSY is the Base meme coin created by the Loch Ness Monster...
who is on a mission to get Tree Fiddy USDC from you
Pay the Loch Ness Monster Tree Fiddy
  • Get 1/50,000th of the Monster's NESSY
  • Get 1 Common Key while supplies last
  • Get 1/500th of the Monster's NESSY
  • Get 1 Rare Key while supplies last
FAQ: How does the Loch Ness Monster contract work?
NESSY Tokenomics
Supply
350,000,000,000
No Presale
No Taxes
No Minting
No Burning

Token Contract

Where To Buy

Launch Distribution

%
Tokens
50%
52,500,000,000
: Loch Ness Monster contract, owned by NESSY DAO
12%
42,000,000,000
: (Base) Uniswap 1% V3 NESSY/ETH position, $350k-infinity market cap concentration, owned by NESSY DAO
6%
21,000,000,000
: (Mainnet) Uniswap 1% V3 NESSY/ETH position, $350k-infinity market cap concentration, owned by NESSY DAO
6%
21,000,000,000
: NESSY DAO treasury
10%
35,000,000,000
: Airdrop on Base
11%
52,500,000,000
: Project launch contributors and advisors, fully vested
4%
52,500,000,000
: Project launch contributors discretionary fund
1%
3,500,000,000
: Reserved for future donations, such as to @350
Frequently Asked Questions

What is the meaning behind Tree Fiddy and 350?

Tree Fiddy:

Tree Fiddy comes from the Season 3, Episode 3 of South Park when the Loch Ness Monster demands Tree Fiddy from the parents of Chef. This episode first aired on April 21st, 1999. The episode includes several scenes, where Chef‘s parents are talking about their encounters with the Loch Ness Monster, who always asks them for "Tree Fiddy", or tree dollars, fifty cents. The relevant portion of that episode can be watched here.

Nessy Coin has no association with South Park.

This token is simply paying homage to the tree fiddy meme we all love and recognize.

350:

350 is the symbolic numerical value of Tree Fiddy. Thematically, this number has been used for NESSY tokenomics and airdrop amounts.

Why is $NESSY on both Mainnet and Base?

NESSY was first deployed on Mainnet and then bridged to Base. Ethereum Mainnet is Layer 1 and Base is an Ethereum L2.

Benefits of deploying on an L1 first, then bridging to an L2, include: easier access for buyers on L1 to trade NESSY tokens and easier bridging to other L2s in the future.

Ethereum's TVL cannot be ignored, even if Nessy Coin when launched is intended to be a "Base meme coin". More potential buyers and trading volume is good for the project.

What is Nessy Coin's origin story?

Nessy Coin was created as the outcome of exploring and combining many ideas:

  • What would the perfect stablecoin themed meme token look like?
  • What would the best L2 chain be to synergize with for a stablecoin themed meme token?
  • Are there any memes that already have a dollar or stablecoin theme?
  • What would be a fun and interesting way to lock up a significant amount of the supply into a contract that could fund the DAO forever?
  • How could a DAO be set up to enable token holders to have full control over the DAO treasury, with no formal leadership team?

Nessy Coin was created to be an entertaining meme coin with the goal of being the #1 meme coin on Base. How to achieve this? The NESSY COIN project and community:

  1. Becoming the go to example project of a reason to bridge or buy USDC to Base. For only $3.50 USDC on Base you can pay the Loch Ness Monster. It only takes a small amount of USDC to do something fun and useful on Base.
  2. Being a fanatical supporter of Coinbase, Base L2, and the USDC stablecoin.
  3. Promoting USDC tokens with the Loch Ness Monster contract, which will likely never run out of NESSY tokens.
  4. Airdropping NESSY tokens exclusively on the Base chain to addresses based on their historical USDC transfers usage on Base.

Nessy Coin's 350 theme also lends itself to being able to gently promote the existence of 350.org and climate change topics.

  • Whether you are a doge, cat, frog, ape, bull, bear, Loch Ness Monster, or human, we all need a safe climate, sustainable future, and habitable world.
  • The orange color of Nessy Coin was inspired by Just Stop Oil.
  • 1% of the supply has been reserved for future donations, managed by a multisig.

How does the Loch Ness Monster contract work?

Overview:

50% of the NESSY supply was distributed to the Loch Ness Monster contract on Base when the project launched.

When you pay the Loch Ness Monster an amount of Tree Fiddy, which can either be $3.50 or $350 of USDC tokens, you will receive NESSY tokens.

While supplies last, you may also receive either 1 "Common Key" or 1 "Rare Key" as a bonus token.

How to Pay:

The Loch Ness Monster contract has these functions to choose from:

PayThreeFifty(): First you must go approve() at USDC contract the Loch Ness Monster address as the as spender, and a value provided of at least 3500000 = $3.50 USDC for 6 decimal USDC contract. Then you may call PayThreeFifty() from the Loch Ness Monster contract directly. These will be 2 separate transactions.

PayThreeHundredFifty() First you must go approve() at USDC contract the Loch Ness Monster address as the as spender, and a value provided of at least 350000000 = $350.00 USDC for 6 decimal USDC contract. Then you may call PayThreeHundredFifty() from the Loch Ness Monster contract directly. These will be 2 separate transactions.

Pay for % of remaining supply:

The amount of NESSY tokens received are proportional to the remaining NESSY supply in the Loch Ness Monster contract. Calling the CalculateNessyTokensToReceive() read function from the contract will tell you in real time how many tokens you can expect to receive if you were the next to pay.

Both the PayThreeFifty() and PayThreeHundredFifty() contract functions share the same supply and mathematically work the same, except for PayThreeHundredFifty() gives a 100x multiplier in total NESSY received and gives 1 Rare key instead of 1 Common key while those token supplies last.

For example if the 1st, 2nd, and 3rd transactions to exist that called functions of the Loch Ness Contract were all PayThreeFifty() and each sent 3.50 USDC to this contract, the proportional NESSY amounts paid would be:

  • 3,500,000.00 = 1/50,000th of 175,000,000,000.00 remaining Loch Ness Monster supply
  • 3,499,930.00 = 1/50,000th of 174,996,500,000.00 remaining Loch Ness Monster supply
  • 3,499,860.00 = 1/50,000th of 174,993,000,070.00 remaining Loch Ness Monster supply
In this same example, if the 4th and 5th and 6th transaction were all PayThreeHundredFifty() and each sent 350 USDC to this contract, the proportional NESSY amounts paid would be:
  • 349,979,000.42 = 1/500th of 174,989,500,210.00 remaining Loch Ness Monster supply
  • 349,279,042.42 = 1/500th of 174,639,521,209.58 remaining Loch Ness Monster supply
  • 348,580,484.33 = 1/500th of 174,290,242,167.16 remaining Loch Ness Monster supply

Because the NESSY amounts paid are proportional to the remaining supply, as the supply goes down, as more have been paid, less are paid each time, the remaining supply should never reach 0, so that anyone, even many years from now, can enjoy the thrill of being able to say they paid Tree Fiddy to the Loch Ness Monster.

Anyone can send NESSY tokens directly to this contract's address which will increase the total supply it holds which would result in future PayThreeFifty() and PayThreeHundredFifty() transactions to pay proportionally more tokens at that time.

NESSY DAO ownership:

The NESSY DAO owns the Loch Ness Monster contract. All USDC acquired from PayThreeFifty() and PayThreeHundredFifty() will stay with the Loch Ness Monster until WithdrawUSDC() is called. Anyone can call WithdrawUSDC() at any time, which will send all USDC in this contract to the NESSY DAO. WithdrawUSDC() exists to save gas costs for each time PayThreeFifty() or PayThreeHundredFifty() are called, so that those functions don't handle sending USDC to the DAO.

What are Common Keys and Rare Keys for?

These are bonus ERC20 tokens given to the earliest users of the Loch Ness Monster contract.

These are completely useless tokens. Nothing is planned or promised for future utility for these tokens.

These tokens enable the possibility of future benefits to their holders. In theory, future NESSY DAO proposals could be made to fund new benefits from the USDC acquired from the Loch Ness Monster. Example possibilities, not decided or planned, and not a roadmap:

  • a future Nessy Coin NFT project that lets users spend various numbers of keys on increased chances of rarities when minting.
  • staking or burning keys to get USDC
  • DAO voting power bonuses

The supply of these bonus tokens are 350,000 Common Keys and 3,500 Rare Keys.

Who qualified for the NESSY airdrop on Base?

The airdrop is over. No further actions with $USDC on Base will qualify for new airdrops.

The snapshot date range was from USDC deployment date of Aug 18th 2023 to Mar 5th 2024.

Every address that qualified received 3,500,000 NESSY tokens airdropped directly to their wallet on Base.

Airdrop Qualifier #1:
859x Base non-contract addresses that have ever sent or received exactly either 3.50 USDC or 350 USDC.

Airdrop Qualifier #2:
8,965x Base non-contract addresses that have sent or received between 3.50 and 350 USDC on 7+ dates.

Airdrop Qualifier #3:
176x Randomly chosen Base non-contract addresses that have sent or received between 3.50 and 350 USDC on 6 dates.

Airdrop Total:
10,000x Addresses on Base that received 3,500,000x $NESSY each

NESSY is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin exists for entertainment purposes and can be used as voting power to manage the NESSY DAO treasury, vote on proposals, and guide the fate of NESSY COIN.