Unveiling ShameFi/RegretFi: A New Era for Avalanche's Ecosystem

A new wave of presale tokens is introducing social accountability into crypto trading. ShameFi and RegretFi are reshaping how Avalanche communities engage, invest, and hold.

The Avalanche blockchain, known for its fast transactions and eco-friendly approach, has recently become the stage for a unique phenomenon dubbed "ShameFi" or "RegretFi." This trend, sparked by the introduction of tokens like $KET, $WINK, and $WAIFU, is reshaping how crypto communities engage with presale tokens and manage their investments.

What is ShameFi/RegretFi?

ShameFi, or RegretFi, is a novel concept where the focus isn't solely on financial gains but also on community behavior and accountability. Here's how it works:

Presale Participation: When new tokens like $KET, $WINK, or $WAIFU are introduced, they often come with a presale phase where early adopters can buy at a lower price before public listing.

Public Shaming: If someone who bought into the presale decides to sell immediately after the public launch or during a dip to make a quick profit, they end up on a public "shame list." This list is shared within the community, highlighting those who didn't support the project's long-term vision.

Community Engagement: The core idea is to foster a community where members are encouraged to hold onto their investments, support the project's growth, and engage actively with the ecosystem rather than seeking short-term gains.

Tokens at the Heart of ShameFi/RegretFi

$KET: The first memecoin that introduced shamefi through

https://www.ketboard.xyz/

and brought a new wave of traders to Avalanche.

$WINK: WINK was one of the most hype token launches in crypto in the past few weeks. The team hosted a pre-launch stream on X that had over 100,000 unique views and the token had over $30M in trading volume in its first 24 hours. WINKs shamefi board can be found:

https://www.winkwall.xyz/

$WAIFU: Focused on building a community around anime culture, WAIFU launched alongside the NFT project Koneko, where NFT stakers got token rewards. WAIFU added a bonus feature in their shame board by showing total time held https://www.weebsite.xyz/attentionfi by individuals that got presale.

Benefits to the Avalanche Ecosystem

Increased Loyalty: By creating a culture of accountability, projects see more committed participants who are less likely to dump tokens, leading to more stable token prices.

Community Strength: ShameFi promotes a sense of belonging and shared goals, which can lead to a stronger, more engaged community.

Reduced Sell Pressure: The social pressure of ShameFi can deter malicious actors from taking quick profit at the expense of the community, potentially reducing larger sell-offs right away.

Incentivized Long-Term Holding: Projects can design rewards or benefits for those who hold onto their tokens, enhancing the ecosystem's stability and growth over time. For example, $KET holders were airdropped orbs, which are currently valued at 320 AVAX and $WINK applicants were airdropped card packs.

Conclusion

ShameFi/RegretFi is more than a trend; it's a cultural shift within the Avalanche ecosystem that promotes community involvement and discourages short-term profiteering. With this new meta, there has been a splurge of users from all over crypto coming to learn how to trade on Avalanche. While not without its controversies, it has the potential to create a more sustainable and supportive environment for new and existing projects.