COMPANY COINS?: BAYC Member Ryan Schadel’s Publicly Traded Company, Metavesco, Just Launched A Token On PumpFun And He’s Got Big Degen Dreams For It!

You’ve heard of creator tokens, but what about company coins?

As PumpFun streaming takes over the Web3 world, Bored Ape Yacht Club member Ryan Schadel’s publicly traded digital asset company, Metavesco, just launched a new cryptocurrency that he says will power an over-the-counter market version of CNBC’s Squawk Box.

 

After years of working in the gray zone, fighting against the prior administration’s crypto regulations, introducing Made By Apes businesses like Boring Brew to TradFi, and helping traders get crypto exposure in their portfolios, President Donald Trump has changed the rules. Now, BAYC member Ryan Schadel is taking big swings onchain and on Wall Street, creating a new coin called $OTCfi.

“The project was launched on http://pump.fun, but unlike most things that get launched there, this was launched by Metavesco, a publicly traded company on the OTC,” Schadel said. “We own 75% of the supply. I’m obviously doxxed as the CEO of a public company, so a rug is not in my interest of remaining a free man. “

 

$OTCfi started with two rounds of airdrops. The first was small, available to anyone who showed up to a Spaces Schadel hosted. The second rewarded holders who didn’t dump their tokens.

The move put Metavesco in the history books as the first publicly traded company to issue and airdrop a cryptocurrency to its stockholders and Schadel says it’s no gimmick. He has big plans for $OTCfi that start with building a community and eventually lead to the launch of a degen version of the popular business show Squawk Box.

 

“We are building an ecosystem around OTCfi, starting with building a community of OTC traders, many who have left the OTC for crypto,” he said. “The liquidity on the OTC has been stagnant for years. After the launch I held a spaces "calling all OTC traders…We just announced we would be launching OTC Squawk, a morning show modeled after Squawk Box but for OTC only. I have a lot more planned as we build the community.”

 

As Schadel expands the $OTCfi ecosystem, he hinted at plans to get the token into the hands of more OTC companies who believe in the space.

“The real fun starts when we get other OTC companies to adopt OTCfi as a digital treasury token,” he said.  “Ive talked with management from 5 companies already who have expressed interest. When another company adopts an OTCfi treasury, we will burn 5% of whatever they buy. So if they buy 20m tokens, we will burn 1m, etc. “

 

Tonight, $OTCfi has a market cap of $1.3 million USD and is available on PumpFun or any Solana DEX.

$OTCfi’s contract address is:

66MH83n3jRqZMni87niTyKRoGbh9HxBkTm73sTRKpump

If you’re interested in finding out more about Schadel’s $OTCfi token, he’s going live tomorrow night at 6 P.M. EST on PumpFun. You can tune in here: https://pump.fun/coin/66MH83n3jRqZMni87niTyKRoGbh9HxBkTm73sTRKpump

 

The Bored Ape Gazette will continue to follow Schadel and his $OTCfi token. Stay tuned for updates!