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Quietly rising to a market value of tens of millions, what is the background of $ANON in the Base ecosystem?

Quietly rising to a market value of tens of millions, what is the background of $ANON in the Base ecosystem?

ChaincatcherChaincatcher2024/11/20 17:33
By:Deep Tide TechFlow

Is $ANON a new value narrative or a new layout of conspiracy groups at Base?

Author: Deep Tide TechFlow

Quietly rising to a market value of tens of millions, what is the background of $ANON in the Base ecosystem? image 0

In this wave of Meme frenzy, due to being overshadowed by the Solana ecosystem, even though the Golden Dog frequently appears, the Memes of the Base ecosystem still seem to be "quietly rising."

In the past two days, a coin called $ANON in the Base ecosystem has seen a significant increase, reaching a market cap of 22 million just six days after its launch.

Quietly rising to a market value of tens of millions, what is the background of $ANON in the Base ecosystem? image 1

Although it cannot compare to the "one-day clearance" of current Solana Memes, the surge of $ANON in the Base ecosystem is still worth exploring, especially as the market's attention is more focused on the BTC and Solana frenzy.

Is $ANON a new value narrative or a new layout by a conspiracy group in Base? Deep Tide TechFlow will analyze the origins and developments of $ANON through event sorting.

Supercast and Superanon

The story begins with Polish developer woj ( @wojtekwtf ) creating the application social product Supercast based on the Farcaster protocol in October 2024. Supercast is an application layer on par with Warpcast, the leading social product in the Base ecosystem. Supercast introduced an anonymous posting feature called Superanon, which allows users to post anonymously through a SuperAnon account using zk proof technology, requiring a membership fee of 10U/month.

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Clearly, the ability to post anonymously through Superanon is very popular among crypto users (or Farcaster ecosystem users). Just three weeks after its launch, Superanon already has over 4,300 followers, and many of the most intense discussions about Farcaster are being anonymously posted by users on this account. Developer woj himself is quite proud, stating, "This is my most successful launch in recent times."

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Anonymous Users + AI Issuing Tokens, Is $ANON Really a Community Coin?

Since its launch, Superanon has been running smoothly. On November 14, an anonymous user interacted with the AI Agent account @clanker in the Farcaster ecosystem through the Superanon account and successfully issued a MEME coin called $ANON , then airdropped 1% of the tokens to Supercast founder woj, who was unaware at the time.

(It is worth mentioning that the recently popular AI Meme $LUM in the Base ecosystem was also released by AI Agent @clanker , with a current market cap of 30 million dollars.)

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When woj woke up and found an additional $25,000 worth of $ANON in his wallet, he chose to airdrop all the $ANON in his wallet to over a thousand paid Supercast users. (Woj's original words: "This is cool, but I can't fully support it because any Supercast tokens will be distributed to its users.")

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Woj's action, which embodies the spirit of crypto, was greatly appreciated by the community. Coupled with the inherent "zk + anonymity + AI issuing tokens" buff of $ANON, the community naturally went crazy for the sufficiently decentralized narrative of $ANON. Within less than a day of its launch, $ANON reached a peak market cap of 4.5 million dollars.

At the same time, the community also took action to support woj's crypto spirit: holders of $ANON in the Farcaster community voluntarily sent over 40,000 dollars worth of 13 million tokens to the developer for redistribution to Supercast users.

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The Capitalization Debate Returns?

However, before the uppercase $ANON could boil over, the next day woj posted on Warpcast stating that he would change the Superanon "?" icon to a cute dog image, mint it as an NFT on the Zora platform, and airdrop it to Supercast members. This NFT could also be converted into lowercase $anon in a token-to-image format. However, he emphasized that "it currently only has collectible value and is purely coincidental with uppercase $ANON," along with a series of "armor" statements.

In other words, just the day before, woj had elevated uppercase $ANON through self-justification, and the next day he released lowercase $anon…

However, this "capitalization debate" is not as intense as that of $Neiro and $eliza, or rather, lowercase $anon is not a match for uppercase $ANON at all. As of the time of writing, uppercase $ANON's market cap is close to 20 million dollars, while lowercase $anon's market cap hovers around 300,000 dollars, but woj himself is very fond of the lowercase dog image.

The "ANON" Application Layer Begins to Further Differentiate

With both narrative and consensus, woj seems not particularly interested in further use cases for $ANON. However, the community has already come up with new ideas for $ANON.

Twitter user @0xLuo created a classification map for the current "ANON" ecosystem, visually presenting the clear context of current "ANON" projects.

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Developers have created new applications based on $ANON, including an anonymous posting application similar to Superanon but specifically for $ANON holders called anoncast and an art project called Base Colors .

anoncast

Anoncast inherits the anonymous posting feature of Superanon, but unlike it, users need to hold a certain amount of uppercase $ANON in their wallets to use the application, unlocking different features based on the amount held.

The most basic posting feature requires holding 30,000 $ANON tokens (currently worth about 450 dollars). More advanced features, such as promoting posts to X/Twitter or deleting published posts, require holding 1 million $ANON tokens (currently worth about 16,000 dollars).

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Crypto bigwigs are also very interested in anoncast. Farcaster co-founder Dan Romero ( @dwr ) has tweeted and retweeted about anoncast multiple times, and Vitalik Buterin has discussed technical details with anoncast developer @Slokh on Warpcast.

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Base Colors

Base Colors is an NFT collection of internet colors. Each color is unique, and owners can name them on the blockchain; no two people can own the same color, and no two colors can have the same name.

Developer @0FJAKE states that unique colors can establish uniqueness for anonymous identities, confirming the attribute of "you are you."

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Conclusion

From $Degen to $ANON, the "product coins" that have exploded in the Farcaster ecosystem seem to be following a quite solid and reliable path—tokens are always revolving around the community and users.

However, along the way, it is inevitable that non-community members will enter purely for speculative purposes. This is not necessarily a bad thing for the tokens themselves; the continuous price increase will also allow more "outsiders" to further understand the project itself, thereby retaining more users interested in the community.

The real value of a series of tokens like $Degen and $ANON lies not in short-term market cap fluctuations but in whether they can build a self-organizing, self-evolving ecosystem. This ecosystem can continuously adapt to user needs and evolve under the community's drive, ultimately achieving a transformation from mere frenzied Meme speculation to practical tokens.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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