HayCoin $HAY

HayCoin is a unique meme token that holds historical significance in the crypto space. This particular token is the first ever to be deployed on Uniswap V1. It was brought into existence by none other than the founder of Uniswap himself in 2018. Despite its humble beginnings with merely $50 in liquidity, the community spotted potential in this nascent token. They bought up the remaining V1 Tokens and added Eth to the V3 uniswap pool, thereby making the token tradeable and marking it as the oldest token ever on Uniswap.

Origins of HayCoin

The genesis of HayCoin is rather interesting and humorously grounded in the Uniswap community. The meme at the center of HayCoin revolves around Hayden, the founder and CEO of Uniswap. It's speculated that he created the coin back in 2018, probably for testing purposes. As a nod to its origin, a staggering 99.9% of the token's supply is owned by the Uniswap founder or Uniswap labs wallet.

HayCoin Supply and Distribution

The distribution of HayCoin is uniquely skewed. Out of 1,000,000 $HAY, 0.1 $HAY was supplied into the liquidity pool on V3. This tiny fraction of the total Hay was supplied from the tokens salvaged from V1. This peculiar supply situation adds to the charm and distinctness of HayCoin within the crypto community.

A Community-Driven Project

The story of HayCoin serves as a testament to the power of the crypto community. The collective efforts of Uniswap users not only saved the token from remaining untraded but also propelled it to its current status. Thus, HayCoin stands as a beacon of community-driven crypto initiatives, a token born out of memes, but sustained by a community's shared vision and commitment.