Recently, many people and groups have used “meme” coins, a form of cryptocurrency that allows the creator to do things such as “rug pulls” so that they can essentially scam the market to make a large amount of money. These meme coins can be created very easily online for a small fee. The Shallot has coordinated with the BAGS group to make the recommendation that OCSU use this as the primary way to raise money to build any new proposed buildings. The coin would have the ticker $HALLOT.
The BAGS Group has examined years of both income records and property tax values and come to the conclusion that the tax base of OCSU can’t afford to create the bond that would be necessary if OCSU were to decide to build larger centralized schools.
There are many other positives to this arrangement. Not only will The Shallot control all of the coins at the start, and therefore be entitled to the money from the sale of each coin, but it will earn 75% of the profits from sales of the coins in perpetuity. When the coin reaches a large valuation, The Shallot will, of course, just continue to promote it, and the $HALLOT will become a currency that is eventually regarded as the best investment in the crypto landscape.
Some other positives are that it will be a continuous source of income for The Shallot and OCSU, which will make it very easy to finance repairs for any current buildings that may crop up in the future. This will also show the politicians in Montpelier that the district is very efficient, as no other school district or supervisory union in the state currently has the means to essentially print money. Some independent schools may have trusts or may receive large donations from alumni, but they also charge outrageous tuition, and such ways of raising money have a much lower ceiling than the $HALLOT coin.
In the future, The Shallot, in conjunction with the BAGS Group and OCSU, may create stable coins as well, which are an even safer investment, but of course they don’t pay quite the same dividends.
People investing in the proprietary coins of The Shallot should not expect any differential treatment when it comes to news coverage and will never be invited to special, exclusive events hosted in any of the new buildings that will be financed by the sale of these coins. There also definitely won’t be a special advisor council to The Shallot made up exclusively of extremely wealthy people who own large quantities of $HALLOT.
All coins will exist on the Solana network, which also hosts the $TRUMP and $MELANIA coins.
