gob

Goblintown is a satirical, performance-art-driven NFT ecosystem created by Truth Labs. Originally launched as a free-mint project in May 2022, Goblintown quickly gained notoriety during the NFT boom for its anti-meta positioning: no roadmap, no Discord, no utility, just memes and art. Its deliberately chaotic aesthetic and cryptic communication style positioned it as a countercultural force in Web3. Despite the absurdity, Goblintown became one of the top meme NFT collections by all-time volume, establishing a loyal community and carving out its place in the NFT history of the early 2020s.

In 2024, Truth Labs expanded Goblintown’s ecosystem by introducing a native token, $gob, built around a new memecoin framework aiming to correct structural flaws in conventional token launches. Rather than being another short-lived meme asset, the $gob token is designed to survive and thrive in the long term through deliberate systems engineering, economic balance, and community alignment.

Goblintown continues to function as a creative, decentralised experiment that challenges norms in the NFT and crypto sectors, merging performance art, satire, and technical innovation.

$gob is a memecoin introduced to the Goblintown ecosystem as a native token designed to solve typical issues faced by meme tokens—such as rapid dumps, supply mismanagement, and misaligned incentives. It incorporates a comprehensive design intended to create long-term sustainability and fair community participation.

Core Technical Features and Design Elements

1. NFT-Linked Token Vesting

   • Token allocations are tied to NFTs rather than wallets.
   • Vesting occurs over 30 months, with accrual every second and weekly claim windows.
   • Tokens are transferred with the NFT—if you sell a Goblin, unclaimed tokens transfer with it.
   • This mechanism is designed to incentivise long-term holding and discourage immediate liquidity dumping.

2. Low-Cap Launch and Controlled Unlocks

   • Only ~10% of the total supply is available on day one.
   • Weekly unlocks are limited to a maximum of 1%.
   • This prevents high initial market caps that invite speculation and immediate crashes.

3. Anti-Bot Launch Strategy

   • No pre-announcement or public pre-sale.
   • The first announcement was made in the Goblintown community Discord.
   • This staggered rollout was intended to give community members a head start and limit bot access or whale manipulation.

4. Token Tax and Liquidity Management

   • Each transaction is subject to a 2.5% tax:
     
     • 1.0% goes to a liquidity management fund
     • 1.0% goes to operations and marketing
     • 0.5% is used for a buy-and-burn programme
   • Tax funds are converted to USDC/SOL and reinvested or burned to create deflationary pressure and increase token sustainability.

5. Self-Funded Liquidity Pool

   • Goblintown funds its own liquidity rather than selling tokens to investors.
   • Liquidity strategy mirrors lessons learned from earlier meme tokens like $TRUMP and Safemoon.

6. Community-First Approach

   • Active contributors may receive additional $gob rewards.
   • Airdrops are avoided in favour of opt-in, claimable mechanics via NFT participation.
   • Projects across the Truth Labs ecosystem (e.g., Illuminati, The 187, Grumpl, Big Inc) are included in $gob eligibility.

7. Technical Controls

   • Minting and redemption contracts use cryptographically signed orders (EIP-712 and EIP-1271).
   • Admin-managed rate limits for mint/redeem operations per block to control supply volatility.