Meme RewardsBuilt on Bitcoin

Welcome to Welsh Street — a mnemonic twist on "Wall Street" built for $WELSH, the beloved community meme and the first dog coin built on Bitcoin.

$STREET represents a new tokenomic in the crypto space: The first dedicated liquidity rewards token designed to boost a community meme coin. Users provide $WELSH and $STREET to a liquidity pool and earn $STREET as rewards. The only way to get $STREET is to provide liquidity. Of course more liquidity benefits the entire $WELSH ecosystem, but $STREET is designed to reward liquidity providers and liquidity providers only.

Once users earn $STREET, they can hold it, create pools on secondary markets, or better yet, swap it for more $WELSH. When you swap $STREET for $WELSH, this creates buying pressure on $WELSH. The more $STREET is swapped for $WELSH, the more buying pressure is created. This creates a flywheel effect that benefits the $WELSH economy. Welcome to meme rewards.

Traditional meme coins have teams that reserve tokens for liquidity mining and rewards, but $WELSH is built differently. $WELSH is a community-owned meme coin on Bitcoin with 100% of tokens in circulation. There are no teams, no VCs, no DAOs, no more emissions, and no reserve fund for liquidity rewards. Being community-driven has its drawbacks — it's difficult to fund liquidity programs to incentivize liquidity providers. This is where Welsh Street comes in with a solution.

Without more $WELSH being minted and entering circulation and no way to change the supply, it's time to get innovative.

The solution is to take it to the $STREET — the rewards token that helps solve the liquidity incentive puzzle of fixed-supply community memes. The $WELSH / $STREET liquidity token is called $CREDIT. When you provide liquidity to the $WELSH / $STREET pool, you receive $CREDIT LP tokens that entitle you to claim $STREET rewards. $STREET is emitted directly into the rewards pool, creating a powerful incentive for liquidity providers to keep providing liquidity.

$CREDIT holders and $CREDIT holders only can claim the $STREET rewards. No lock-ups, no complicated staking mechanisms, no withdrawing liquidity to claim — just pure emission rewards injected into the rewards pool every bitcoin block. Tick, tock.

These $STREET rewards can be swapped for more $WELSH to provide more liquidity. It's a flywheel to keep the $WELSH economy growing and flowing. But it gets better than that. In addition to emission rewards, Street $CREDIT entitles you to claim $WELSH and $STREET fees from trading activity on the Welsh Street Exchange. The more users trade, the more you earn.

$STREET emissions minted directly into the rewards pool is such a unique concept we needed to build a custom exchange to make it happen.

• Swap: Trade between $WELSH and $STREET with the custom AMM
• Provide: Add liquidity to get $CREDIT tokens and claim your fair share of rewards
• Claim: $WELSH and $STREET rewards anytime you want. No lock-ups. No need to withdrawal liquidity. Just claim.
• Build: Swap your $STREET for more $CREDIT and continue to grow your position.

Swap $STREET rewards for $WELSH, provide more liquidity to get more $CREDIT, and earn more $STREET rewards. Each time you swap $STREET rewards for more $WELSH, it puts buying pressure on $WELSH. It's an economics flywheel that grows liquidity, boosts the value of $WELSH and rewards the community for participating.

Every swap charges a small fee that feeds back into the system — half goes to growing a treasury reserve and half goes to the rewards pool. It's a self-sustaining cycle that rewards participation and grows the project over time.

Welcome to the $WELSH $STREET Economy.

$STREET tokenomics are designed to favor the community. Unlike projects that withhold large portions of tokens for teams, VCs, and advisors, $STREET allocates a whopping 80% of its total supply directly to the community through liquidity rewards and the liquidity generation event (LGE). This ensures that the people who use and support the Welsh Street Exchange are the ones who benefit the most.

Emission Rewards - 50%
50% of the $STREET total supply is set aside to reward liquidity providers through emissions. 50%. Unbelievable. $STREET tokens are emitted every bitcoin block and users can claim anytime they want.

Initial Burned Liquidity - 20%
20% of the $STREET supply is minted to seed the initial liquidity pool. The $CREDIT tokens are burned and the 20% remains in the liquidity pool, forever. All together that's 70% of the total supply earmarked for liquidity and rewards. This type of community distribution is unheard of in crypto. A true community token like $WELSH deserves a true community DEX.

Liquidity Generation Event "Genesis" - 10%
10% is allocated to genesis, the liquidity generation event to kickstart the exchange liquidity pool. The LGE gives early adopters, long time community members, and Welsh holders a chance to be early and help make $WELSH $STREET happen.

Dev Allocation - 10%
10% is set side for the development team. These funds are designed to keep the lights on, pay for hosting, upgrades, security, future development, and other expenses associated with running a decentralized exchange. The devs also have some interesting ideas for $WELSH $STREET in the future...

Treasury Reserve - 10%
10% is set side for the $WELSH $STREET treasury. This could mean community growth initiatives, listings, airdrops, more rewards, meme contests, an NFT collection, marketing, and anything else the community dreams up. The possibilities are endless when the $WELSH community is involved.

You know the drill by now. NFA. DYOR. This isn't TradFi. $WELSH $STREET operates in the wild west of DeFi. You can lose everything. The crypto market can be unpredictable. Impermanent loss is real. Smart contracts and wallets can have bugs. Your keys; your responsibility.

If you want to maximize your gains you'll need to be strategic about how much liquidity you provide, how long you provide it, and how often you change your position. Even the best strategy can fail before market forces and human behavior take the wheel. Don't invest more than you can risk to lose and please always degen responsibly.

We've done our best to layout many of the risks and develop $WELSH $STREET to be a fun, educational, learning experience but risk cannot be ignored. You can read more about the risk disclaimers in the documentation and terms of service.

For those ready to embrace the opportunity of DeFi built on Bitcoin, Welsh Street offers something unique: a dedicated meme-rewards DEX designed to boost $WELSH. Whether you're just here for the memes or the rewards, Welsh Street welcomes all who dare to send the first dog built on Bitcoin to the moon. Read the docs, launch the app, connect your wallet, buy $WELSH, swap for $STREET, get $CREDIT and let the $WELSH economic flywheel begin.

LFG 🚀