{"id":"wojak-token-cryptocurrency","hidden":false,"ipfs":"QmSXU6tBUJ1XsTPhZz51TogmqAJRBjP8ZbQCeSSvbyK61n","language":"en","transactionHash":"0x2276cbe9a079ca71815492734c64cd57609afa034d9c13a24a59688566f12176","created":"2023-04-22T18:44:59.372Z","updated":"2023-06-09T14:40:14.752Z","title":"Wojak Token (cryptocurrency)","summary":"Wojak Token (WOJAK) is a community-driven ERC-20 memecoin on Ethereum based on the Wojak (\"Feels Guy\") meme, launched in April 2023 and later migrated to a renounced, immutable contract with a fixed total supply of 420,690,000,000,000 tokens.","content":"**Wojak Token** (WOJAK) is an [ERC-20](https://iq.wiki/wiki/erc-20) [memecoin](https://iq.wiki/wiki/memecoins) [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) on [Ethereum](https://iq.wiki/wiki/ethereum) associated with the Wojak (\"Feels Guy\") internet meme. The original Wojak token launched on April 17, 2023, with a total supply of 69,420,000,000 tokens.[\\[3\\]](#cite-id-6qwop30tg7j) After launch, it was reorganized as a community-driven \"community takeover\" (CTO) supported by Wojak CTO LLC, following the original anonymous deployer’s renunciation of ownership of the contract.[\\[13\\]](#cite-id-48d1ok3i5u) The active WOJAK token is implemented as an ERC‑20 contract with a fixed total supply of 420,690,000,000,000 tokens, zero transfer taxes, and renounced ownership.[\\[14\\]](#cite-id-0f31oc9k8i)​[\\[13\\]](#cite-id-48d1ok3i5u) It functions as a pure meme token that provides no protocol-level utility, governance rights, or claims on assets beyond standard ERC‑20 transfer and approval rights.[\\[14\\]](#cite-id-0f31oc9k8i)​[\\[13\\]](#cite-id-48d1ok3i5u)​\n\n## Overview\n\nWojak Token is based on the Wojak or \"Feels Guy\" meme, an MS Paint-style illustration of a bald man with a wistful or melancholic expression that originated on imageboards in the early 2010s and later spread to imageboards including Krautchan, Vichan, and 4chan.[\\[14\\]](#cite-id-0f31oc9k8i)​[\\[17\\]](#cite-id-dee0c39824)​[\\[18\\]](#cite-id-852324a0a8) The character is used online to express emotions such as melancholy, regret, loneliness, or empathy, often appearing as reaction images and in derivative characters.[\\[14\\]](#cite-id-0f31oc9k8i)​[\\[17\\]](#cite-id-dee0c39824)​\n\nFollowing the meme’s spread, the Wojak token launched on April 17, 2023, on [Ethereum](https://iq.wiki/wiki/ethereum) as a [memecoin](https://iq.wiki/wiki/memecoins) without built-in utility, with a total supply of 69,420,000,000 tokens and no buy or sell tax.[\\[2\\]](#cite-id-vr3b44np72m)​[\\[3\\]](#cite-id-6qwop30tg7j) On the day after launch, the token recorded over $59 million in trading volume according to [CoinGecko](https://iq.wiki/wiki/coingecko) historical data.[\\[1\\]](#cite-id-xs3mtoesyso) From the outset, the team and, later, the community emphasized meme culture and community building rather than formal protocol-level utility.\n\nSoon after launch, on April 19, 2023, [NFT](https://iq.wiki/wiki/non-fungible-token-nft) artist Beeple tweeted an image featuring US SEC Commissioner Gary Gensler appearing to promote [memecoins](https://iq.wiki/wiki/memecoins) including [Pepe](https://iq.wiki/wiki/pepe-cryptocurrency) and Wojak.[\\[15\\]](#cite-id-mg7vhyioc7)​\n\nIn the same launch period, centralized exchanges began listing the token. On April 18, 2023, Wojak was listed on the centralized exchange [MEXC](https://iq.wiki/wiki/mexc).[\\[7\\]](#cite-id-k772u8qfkd) On April 19, 2023, the token was listed on Huobi and [Gate](https://iq.wiki/wiki/gate).io.[\\[8\\]](#cite-id-e8tpex36in5)​[\\[9\\]](#cite-id-1jn2ykazhfd)​\n\nFollowing these listings and early trading activity, on May 2, 2023, Wojak reached a [market capitalization](https://iq.wiki/wiki/market-capitalization) of over $50 million according to [CoinGecko](https://iq.wiki/wiki/coingecko).[\\[1\\]](#cite-id-xs3mtoesyso)​\n\n## History\n\nWojak launched on April 17, 2023, as an ERC‑20 memecoin on [Ethereum](https://iq.wiki/wiki/ethereum) with a fixed supply of 69,420,000,000 tokens, no buy or sell tax, and initial liquidity provided on Uniswap.[\\[2\\]](#cite-id-vr3b44np72m)​[\\[3\\]](#cite-id-6qwop30tg7j) Within days, it was listed on centralized exchanges including [MEXC](https://iq.wiki/wiki/mexc) on April 18, 2023, Huobi on April 19, 2023, and [Gate](https://iq.wiki/wiki/gate).io on April 19, 2023.[\\[7\\]](#cite-id-k772u8qfkd)​[\\[8\\]](#cite-id-e8tpex36in5)​[\\[9\\]](#cite-id-1jn2ykazhfd) [CoinGecko](https://iq.wiki/wiki/coingecko) data shows that Wojak recorded over $59 million in 24‑hour trading volume within the first days of trading and reached a [market capitalization](https://iq.wiki/wiki/market-capitalization) above $50 million by May 2, 2023.[\\[1\\]](#cite-id-xs3mtoesyso)​\n\nAfter the initial listings and trading activity, in April and May 2023 the project organized community campaigns for token holders, including free commemorative NFT mints via [Galxe](https://iq.wiki/wiki/galxe) for addresses holding a minimum amount of Wojak and a Times Square billboard design contest.[\\[6\\]](#cite-id-a3hr1pty3o8)​[\\[10\\]](#cite-id-ahk5253fiq)​[\\[11\\]](#cite-id-gqz5dx4075n)​[\\[12\\]](#cite-id-bk7wnfzjuej) These initiatives aimed to reward early on-chain participants and to promote Wojak’s presence in online and offline meme culture.\n\nSeveral years later, in early 2026, the project conducted a migration from the original Wojak token contract to a new ERC‑20 Wojak contract using a [smart contract](https://iq.wiki/wiki/smart-contract)–based \"flywheel\" mechanism.[\\[16\\]](#cite-id-fduik90zp2) Under this process, holders of the original Wojak token deposited their tokens into a migration contract, which automatically swapped those tokens for ETH, used the ETH to buy the new Wojak token on the open market, and permanently burned the newly purchased tokens in a single atomic transaction.[\\[16\\]](#cite-id-fduik90zp2) This migration was a one‑time process with a defined window; after its completion, the original token ceased to be the active version, and the project’s active token became the new contract deployed on [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet).[\\[16\\]](#cite-id-fduik90zp2)​[\\[13\\]](#cite-id-48d1ok3i5u)​\n\nTo support the community takeover and regulatory engagement following the migration, community members formed Wojak CTO LLC, a Wyoming limited liability company, which was registered on April 30, 2026.[\\[13\\]](#cite-id-48d1ok3i5u) The entity serves as the person seeking admission to trading for Wojak under the EU Markets in Crypto‑Assets Regulation (MiCAR) and is responsible for preparing and publishing the project’s MiCAR [whitepaper](https://iq.wiki/wiki/white-paper).[\\[13\\]](#cite-id-48d1ok3i5u)​\n\n### NFT Campaigns\n\nAs part of these early community initiatives, on April 22, 2023, the Wojak Token team announced that they would be giving a commemorative NFT to everyone who held at least 1 Wojak Token in an [Ethereum](https://iq.wiki/wiki/ethereum) address before the snapshot date of April 23, 2023, 12:30 am UTC.[\\[6\\]](#cite-id-a3hr1pty3o8) On April 23, 2023, eligible token holders were able to mint these commemorative Wojak NFTs for free via [Galxe](https://iq.wiki/wiki/galxe) on the [Polygon](https://iq.wiki/wiki/polygon) network, with [gas](https://iq.wiki/wiki/gas) fees covered by the project.[\\[10\\]](#cite-id-ahk5253fiq)​\n\nOn May 1, 2023, a second free NFT mint for $WOJAK token holders went live on [Galxe](https://iq.wiki/wiki/galxe), again targeting on-chain holders as a commemorative reward.[\\[11\\]](#cite-id-gqz5dx4075n)​\n\n### Billboard Contest\n\nContinuing its promotional efforts, on May 16, 2023, the Wojak team announced a billboard design contest in which the winning creative would be displayed on a Times Square billboard in New York City.[\\[12\\]](#cite-id-bk7wnfzjuej) Participants were invited to submit image or video designs by sending them to the project’s Telegram moderators or by replying to the contest announcement on Twitter.[\\[12\\]](#cite-id-bk7wnfzjuej)​\n\n## Design and Mechanism\n\nThe current Wojak token is implemented as a standard [ERC‑20](https://iq.wiki/wiki/erc-20) [smart contract](https://iq.wiki/wiki/smart-contract) on the [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet) (chain ID 1), with 18 decimals and a fixed total supply of 420,690,000,000,000 tokens.[\\[13\\]](#cite-id-48d1ok3i5u) The contract conforms to the ERC‑20 standard’s transfer and approve/transferFrom functions and has its ownership renounced, meaning the owner address is set to the zero address and no party retains administrative control.[\\[13\\]](#cite-id-48d1ok3i5u) The [whitepaper](https://iq.wiki/wiki/white-paper) states that the contract has no minting function, no blacklist or freeze authority, no fee-on-transfer mechanism, and no upgrade path, so its behavior is immutable apart from user-initiated transfers.[\\[13\\]](#cite-id-48d1ok3i5u)​\n\nThe 2026 migration from the legacy Wojak token contract to the new Wojak contract was executed through a separate migration [smart contract](https://iq.wiki/wiki/smart-contract) using a \"flywheel\" mechanism.[\\[16\\]](#cite-id-fduik90zp2) Under this design, holders deposited their old tokens into the migration contract, which in a single atomic transaction swapped them for ETH, used the ETH to buy the new Wojak token on a decentralized exchange, and then burned the purchased new tokens, creating simultaneous buy pressure and supply reduction.[\\[16\\]](#cite-id-fduik90zp2) Wojak CTO LLC does not operate [validators](https://iq.wiki/wiki/validator) or its own consensus infrastructure; instead, settlement and security for Wojak transfers are provided by the [Ethereum](https://iq.wiki/wiki/ethereum) proof-of-stake network on which the token is deployed.[\\[13\\]](#cite-id-48d1ok3i5u)​\n\n## Tokenomics and Distribution\n\nFor the original Wojak token launched in April 2023, the total supply was 69,420,000,000 tokens.[\\[2\\]](#cite-id-vr3b44np72m) According to the project’s 2023 [tokenomics](https://iq.wiki/wiki/tokenomics) announcement, 5% of the supply was allocated to the team, 5% to an [airdrop](https://iq.wiki/wiki/airdrop), 10% to [liquidity providers](https://iq.wiki/wiki/liquidity-providers), and 80% to liquidity on [Uniswap](https://iq.wiki/wiki/uniswap).[\\[4\\]](#cite-id-1fng7d9i8sv) The Uniswap liquidity provider (LP) tokens for the main pool were locked until the year 2100 via a third-party locking service.[\\[5\\]](#cite-id-tn78r85xil)​\n\nFollowing the early 2026 migration, the active Wojak token is an ERC‑20 contract deployed on [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet) with a fixed total supply of 420,690,000,000,000 tokens.[\\[14\\]](#cite-id-0f31oc9k8i)​[\\[13\\]](#cite-id-48d1ok3i5u) The project states that there are zero transfer taxes on the token, that ownership of the [smart contract](https://iq.wiki/wiki/smart-contract) has been renounced, and that the LP tokens for the principal Uniswap pool have been burned, making that liquidity permanently unrecoverable.[\\[14\\]](#cite-id-0f31oc9k8i)​[\\[13\\]](#cite-id-48d1ok3i5u) According to the MiCAR [whitepaper](https://iq.wiki/wiki/white-paper), the total supply is fixed with no minting function, and the [circulating supply](https://iq.wiki/wiki/circulating-supply) at the time of publication on June 25, 2026, was 305,927,040,116,370 WOJAK, decreasing over time through voluntary community burns.[\\[13\\]](#cite-id-48d1ok3i5u)​\n\nThe MiCAR [whitepaper](https://iq.wiki/wiki/white-paper) specifies that Wojak does not confer ownership, equity, voting, dividend, redemption, profit-sharing, or governance rights against Wojak CTO LLC or any other legal person.[\\[13\\]](#cite-id-48d1ok3i5u) It further explains that the contract has no minting, blacklisting, fee-on-transfer, or upgradeability functions, and that holders’ rights are limited to standard ERC‑20 transfer and approve/transferFrom functionality without any claim on reserves or [collateral](https://iq.wiki/wiki/collateral).[\\[13\\]](#cite-id-48d1ok3i5u)​\n\n## Governance and Community\n\nWojak is described in the MiCAR [whitepaper](https://iq.wiki/wiki/white-paper) as a community takeover (CTO) initiative centered on a meme-based ERC‑20 crypto-asset, with no original development team maintaining the project after the anonymous deployer renounced contract ownership.[\\[13\\]](#cite-id-48d1ok3i5u) The project is community-driven and does not have a binding development roadmap, with activities and initiatives emerging from voluntary contributions by community members.[\\[13\\]](#cite-id-48d1ok3i5u) Community coordination takes place through social channels such as Telegram and X (Twitter), which are used for announcements, informal feedback, and organizing campaigns.[\\[14\\]](#cite-id-0f31oc9k8i)​\n\nWithin this community framework, Wojak CTO LLC was formed by community members to provide a legal vehicle through which community-facing activities, including regulatory filings and interactions with trading venues, can be undertaken in a structured way.[\\[13\\]](#cite-id-48d1ok3i5u) The [whitepaper](https://iq.wiki/wiki/white-paper) explains that holding Wojak does not grant ownership or governance rights over Wojak CTO LLC or any other entity, and token holders have no formal authority over its decisions; participation in the project’s direction is informal and based on voluntary community engagement rather than on-chain voting.[\\[13\\]](#cite-id-48d1ok3i5u)​\n\n## Partnerships\n\nAccording to the [CoinMarketCap](https://iq.wiki/wiki/coinmarketcap) AI summary, the Wojak project announced a collaboration with [Giggle Academy](https://iq.wiki/wiki/giggle-academy) on July 31, 2026.[\\[16\\]](#cite-id-fduik90zp2) A tweet from the \"Wojak Charity / Giggle [Hero](https://iq.wiki/wiki/hero)\" account shows members of the Wojak community working with [Giggle Academy](https://iq.wiki/wiki/giggle-academy) to donate an educational tablet and introduce the [Giggle Academy](https://iq.wiki/wiki/giggle-academy) application to children at a school in Ikorodu, Lagos, Nigeria.[\\[19\\]](#cite-id-99bde53fc1)​\n\n## Regulation\n\nOn June 25, 2026, Wojak CTO LLC published a MiCAR [whitepaper](https://iq.wiki/wiki/white-paper) as the person seeking admission to trading of Wojak on trading venues within the scope of the EU Markets in Crypto‑Assets Regulation (MiCAR) Title II.[\\[13\\]](#cite-id-48d1ok3i5u) The [whitepaper](https://iq.wiki/wiki/white-paper) classifies Wojak as a fungible ERC‑20 crypto-asset that falls under MiCAR Title II and specifies that it is neither an asset-referenced token nor an e‑money token and is not backed by any reserve of assets.[\\[13\\]](#cite-id-48d1ok3i5u) It also notes that no funds or other crypto-assets are being collected in connection with the [whitepaper](https://iq.wiki/wiki/white-paper), which serves to meet regulatory obligations for continued admission to trading.[\\[13\\]](#cite-id-48d1ok3i5u)​\n\nThe MiCAR [whitepaper](https://iq.wiki/wiki/white-paper) includes standard risk disclosures stating that the crypto-asset may lose its value in part or in full, may not always be transferable, and may not be liquid.[\\[13\\]](#cite-id-48d1ok3i5u) It further explains that Wojak is not covered by investor-compensation schemes under Directive 97/9/EC or by deposit guarantee schemes under Directive 2014/49/EU, and that holders do not benefit from such protections.[\\[13\\]](#cite-id-48d1ok3i5u)​\n","recentActivity":null,"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"categories":[{"id":"cryptoassets","title":"Cryptoassets"}],"tags":[{"id":"Memecoin"},{"id":"Token"}],"images":[{"id":"Qmeyugp6BH6uVJQ1XeyhcogMnWNo7DsJKHqKLC8Vf4ck1Q","type":"image/jpeg, 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NFT\",\"timestamp\":1683072007072},{\"id\":\"bk7wnfzjuej\",\"url\":\"https://twitter.com/wojakcoineth/status/1658101236384645125\",\"description\":\"design announcement\",\"timestamp\":1684201418148},{\"id\":\"48d1ok3i5u\",\"url\":\"https://www.wojakcto.com/whitepaper\",\"description\":\"Wojak MiCAR white paper\",\"timestamp\":1790861934907},{\"id\":\"0f31oc9k8i\",\"url\":\"https://www.wojakcto.com/\",\"description\":\"Wojak CTO site\",\"timestamp\":1790861934907},{\"id\":\"mg7vhyioc7\",\"url\":\"https://twitter.com/beeple/status/1648857645299275776\",\"description\":\"Beeple tweet\",\"timestamp\":1790861934907},{\"id\":\"fduik90zp2\",\"url\":\"https://coinmarketcap.com/cmc-ai/wojaknew/latest-updates/\",\"description\":\"CMC AI Wojak updates\",\"timestamp\":1790861934907},{\"id\":\"dee0c39824\",\"url\":\"https://knowyourmeme.com/memes/wojak\",\"description\":\"Know Your Meme entry on the Wojak (Feels Guy) meme\",\"timestamp\":1790862938598},{\"id\":\"852324a0a8\",\"url\":\"https://dailydot.com/wojak-meme\",\"description\":\"Daily Dot article on the history and variations of Wojak meme\",\"timestamp\":1790862938598},{\"id\":\"99bde53fc1\",\"url\":\"https://twiscan.com/en/x/wojakgigglehero/2083099047968272598\",\"description\":\"Tweet from Wojak Charity Giggle Hero about Giggle Academy collaboration in Nigeria\",\"timestamp\":1790862938599}]"},{"id":"previous_cid","value":"QmSXU6tBUJ1XsTPhZz51TogmqAJRBjP8ZbQCeSSvbyK61n"},{"id":"commit-message","value":"Expand Wojak Token article: extend summary, add tags (+1123w)"},{"id":"previous_cid","value":"QmSXU6tBUJ1XsTPhZz51TogmqAJRBjP8ZbQCeSSvbyK61n"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"views":2276}