Launching the Dorito Token: The First Gold Chip ‘Memetility’ Asset

In October of 2023, El Dorito unveiled the Dorito “memetility” token, a fusion of meme and utility models. The Dorito token was fair-launched with no hidden pre-sales or reserved supplies, allowing market demand to dictate its value. Inspired by initiatives like Maya Protocol’s CACAO, the team aimed for organic growth, letting users have a say in the token's worth.

Unlike many tokens that overpromise and underdeliver on expectations, Dorito was designed for clear and non speculative utility from the start: Simply put, holding 3,333 Dorito tokens means feeless access to all platform swaps and yields, all delivered in a fun, high-energy, content rich meme, the El Dorito Country Club. As more utility and meme power are layered on, the speculative value of the token’s purpose will evolve and grow, ultimately boosting price.

No Affiliate Fees: A Win for Users

One bold move the El Dorito team made was to eliminate traditional affiliate fees for members. They noticed that many crosschain, and specifically THORChain users spend thousands on these fees annually. 

Coronado took inspiration from tools like Fees.WTF, which track Ethereum gas costs, highlighting how much value could be saved if users focused on holding their crypto instead of shelling out for fees. With a one-time $500 fee for a lifetime membership, El Dorito made it far more affordable than what most users usually pay in affiliate fees. 

In a cheeky move, the El Dorito team even put together a “naughty list” showcasing wallets with the highest affiliate expenditures, with some racking up costs of up to $135,000! By creating a fee-free membership model, El Dorito ensures users can trade without worrying about losing future gains, addressing a significant pain point in the DEX space.

Generating Revenue Without Affiliate Fees

Even with the decision to cut out affiliate fees, El Dorito managed to build a sustainable business model. Members opting out of those fees brought added exposure and trading volume to the platform, balancing out any potential revenue loss. Plus, non-members still had to pay standard affiliate fees, helping cover operating costs. As the platform gained traction, the team expected to see increased revenue through organic growth and more membership sign-ups.

The Dorito token itself brings additional value opportunities. As interest in the token grows, the team plans to roll out more perks like exclusive merchandise and a dynamic NFT membership model to further boost user engagement and token value.

El Dorito’s Vision for the Future: A Community Like No Other

Coronado has a very exciting vision for El Dorito, focusing on projects that involve building community engagement and taking inspiration from the best of the NFT community. He introduced his concept at Country Club Chat, which is A lively forum where approximately 400 members come together to brainstorm strategies and share ideas. 

Coronado's grand plans include creating a more connected and rewarding space for community members. He dreams big. Think high-end material goods like fashionable designer eyeglasses. shiny gold ring Exclusive membership card and unique collectible coins, but that's not all! He is also keen to launch a packed calendar of real-world events. Including fun meetings Lively supported party and group travel adventures. All of this is geared towards creating a true community atmosphere.

What Coronado envisions goes beyond just financial benefits; he’s aiming to blend economic value with real-life perks, creating a space where everyone feels like they belong. “This isn’t just about Dorito,” he said passionately, “it’s about applying savings strategies to your broader crypto assets while supporting each other’s financial growth.”

The Power of “3,333” and Triangles: What's in a Number?

For Coronado, the number "3,333" is more than just a catchy figureIt's a symbolic meaning that pervades the story of El Dorito and broader financial concepts. The "three" is a recurring theme. It represents a triangular framework for members and key decision-making models. 

Simple yet profound: Members can choose to maintain their membership and save on fees. or trade to make a profit from higher prices Inspired by trigonometry and geometric symbols, Coronado combines these themes. Creating a cohesive story that unites the El Dorado concept with El Dorito's mission is a smart way to inject deeper meaning into the project, making the numbers part of the infrastructure.

Coronado’s Big Vision for Crypto: More than Just Profits

When asked about where he sees himself in the long game of crypto, Coronado opened up about his core beliefs, which extend far beyond chasing profits. 

To Coronado, cryptocurrencies, particularly Bitcoin, serve as a shield against centralized control, allowing individuals to maintain their wealth against the ever-changing economic landscape. He views cryptocurrencies as a way to protect value. and ensuring that it can be passed on from generation to generation.

With El Dorito, he’s weaving these values into what he calls a "barbell strategy." It’s a balance between a fun community with a meme-driven spirit and a steadfast commitment to Bitcoin, savings, and individual sovereignty. 

This mission resonates deeply with Bitcoin's core values, creating a strong foundation for El Dorito community, creating a legacy that can inspire others in the crypto space.

Conclusion

The journey of El Dorito marks an exciting new chapter in the crypto community, melding a playful community spirit with a serious mission to tackle real issues like affiliate fees. With this perfect model, fairly launched token, and dedication to user benefits, El Dorito is carving out a special and unique place in the crowded DEX arena. With a passionate team and a vibrant community behind it, this project is set to keep growing and thriving within the Web3 ecosystem.