Recently, the attention has been on the Disney (DIS) Disney Meme Coin, which is a token issued by the joint venture company MiningTW LTD in Hong Kong and Taiwan. It was deployed on the BSC Binance Smart Chain on May 8 and verified on multiple platforms such as CoinMarketCap, CoinGecko, and Trust, with the domain name Disney.
According to the economic model in the whitepaper, DIS achieves a 5-year staking mining reward in the form of smart contracts, with a issuance of 50%, i.e. 50 million DIS rewards over 5 years. The reward is approximately 27,397 DIS per day, calculated based on the total staking amount. It attracted 24 million DIS for staking mining, similar to the PoW (Proof of Work) principle of network-wide computing power.
The project has gained popularity in the Taiwan community and has been listed on trading platforms such as Mexc, LBank, Txbit, and Swft after the price increase. It has also announced its listing on CoinW on August 2. CoinW will be launched in Taiwan and allow fiat currency TWD to purchase USDT starting from August 1.
On July 29, DIS held an offline event in Kaohsiung and announced the upcoming launch of the mainnet. It has also organized offline events in Taichung, Taoyuan, and participated in various activities such as the Golden Finance Electronic Music Festival in Hong Kong, the Web 3 Seoul Web 3.8 Festival in South Korea, and the CoinW Taiwan Charity Action.
Founder DaddyPigstated on Twitter that DIS and Tw-pool built an ETHF mining pool in Taiwan, accounting for 65% of the total network hash rate of 507 G, with the Taiwan mining pool contributing 331 G, exceeding 51% of the total network hash rate. Most of the discussion on Twitter is in support of POW from the Chinese community.
So, is DIS intending to launch a hard fork or merger initiated by miners? DIS and ETHF official have not made any official announcement, but this project is a case where POS is converted to POW, which will also support EVM and go online with the mainnet, a rarity in memes.
There are 30 members in DIS DAO, including well-known Taiwanese blockchain, cryptocurrency, mining-related KOLs, mining machine manufacturers, mining pools, and technical teams.
According to CMC data, DIS recorded a historical low of $0.03399, and the price at the time of writing is $0.3543. Users are reminded that this does not constitute any investment advice and to DYOR.
It is reported that the philosophy and goal of the DIS team is to establish a fair and open blockchain community, as well as to support decentralization and POW proof-of-work for purposes such as payments, charity, gifts, rewards, and tipping. The vision is to become a large space for development in the main network and make healthy contributions on the blockchain.
