Friday, August 22, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit

by firstcryptonews
July 31, 2025
in Press Release
Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit

Plymouth, United Kingdom, Date, Chainwire – The Wally Group (TWG), initially launched as WALLY (Wally the Emotional Support Alligator), has announced a community-led initiative to relaunch the project following the departure of its original development team. The token, originally positioned to support causes related to emotional support animals and mental health awareness, encountered significant setbacks after the initial developers exited the project amid unfulfilled promises, including the development of an AI mental health chatbot.

Following the loss of over $25 million in market capitalization, members of the original community have restructured the project under a new leadership framework to restore transparency and rebuild community trust.

Community Relaunches Project Under New Governance Structure

Following the exit of the original development team, a group of remaining token holders opted to continue the project under a new framework. This led to the creation of a new token under a fresh smart contract: TWG — The Wally Group.

The initiative is now led by a group of doxxed, community-elected representatives from the UK, USA, Australia, and Dubai. Structured as a decentralized effort, the relaunched project operates on the Ethereum blockchain, with plans to expand to Solana in July 2025. The TWG relaunch aims to establish a governance model centered on community involvement and transparency.

“They thought they took the project. But they couldn’t take the community. We are no longer just a meme — we are a movement.” — TWG Core Team Member.

Security and Transparency First

In collaboration with OneX Technology, the TWG team has initiated measures to strengthen the project’s long-term security by engaging HASH, a recognized blockchain security firm, to perform an independent audit of the new smart contract.

The audit forms part of the group’s stated commitment to principles including community involvement, support, trust, security, and transparency.

Community-Led Initiatives Target Real-World Impact

TWG states that its mission is to demonstrate the potential for blockchain-based projects to contribute to social initiatives. The team has supported various charitable activities, including providing food and clothing to individuals experiencing homelessness and supporting under-resourced schools.

One such initiative, “Wally Winter Wear,” distributes thermal clothing sets through funding partnerships with local businesses. These efforts aim to enhance community engagement while addressing immediate needs.

The first corporate sponsor of the initiative is Urban Set, a construction firm based in Brisbane, Australia. Managing Director Nik Grulovic stated: “We’re proud to support the Wally Wear initiative. I hope more people step up to support the kind of change they want to see in the world.”

TWG also operates a dedicated merch store, where 100% of profits are donated to charitable causes. Whether online or on the ground, the mantra remains: Real People. Real Change.

Community Engagement Through Open Dialogue and Direct Action

The TWG initiative includes regular community discussions through weekly “Real Talk” sessions hosted in its Telegram group. These sessions feature updates from team members — including Andrew, Will, Aaron, Lucian, Thomas, Fab, and Kevin — on topics ranging from project development to community-driven charitable efforts.

On social media, TWG has shared footage documenting charitable outreach, including team member Fab and his son distributing food, clothing, and vouchers to individuals in London. These actions are presented as part of the group’s effort to align its blockchain-based activities with tangible, real-world impact.

Backed by Integrity and Innovation

TWG has also garnered the support of respected blockchain engineers, including Jace and the team at OneX Technology. Appalled by the original rug pull, OneX joined forces with TWG and now actively supports its technical infrastructure and growth, including co-commissioning the HASH smart contract audit to provide a foundation for TWG’s next chapter.

Cross-Chain Expansion to Solana Underway

The Wally Group ($TWG) has launched a Solana-based presale as part of its cross-chain expansion strategy. Utilizing Wormhole technology, the TWG token will offer interoperability between Ethereum and Solana networks, aiming to enable faster and lower-cost transactions.

The presale began on July 10, 2025, with a structured pricing mechanism in which the token price increases incrementally each day. The initiative is designed to broaden access and functionality across multiple blockchain ecosystems, while maintaining TWG’s stated focus on community participation and real-world applications.

TWG’s ecosystem features:

  • Community-elected global leadership
  • Ethereum mainnet with Solana integration in July 2025
  • Transparent tokenomics and third-party audited contracts
  • Weekly community giveaways linked to buy events
  • A roadmap designed by and for the people

Official Links:

Website: www.wallygroup.support

Telegram: t.me/thewallygroup

X (Twitter): @TheWallyGroup

Ethereum Contract Address: 0x6EB64894CFb6a7d00749781aD01975584822dD5F

Contact: [email protected]

Location: Global / Decentralised

About The Wally Group (TWG)

The Wally Group (TWG) is a hybrid meme + charity token created by a resilient community after the collapse of the original WALLY project. With global representation, real-world charitable impact, and a decentralised roadmap, TWG is proving that blockchain can serve both wallets and the world. Launching cross-chain to Solana in July 2025, and backed by audited smart contract security, TWG represents a new era of community-first, purpose-driven crypto.

Contact:

Mr. Andrew Jinman

The Wally Group

[email protected]

Related Posts

The Wally Group’s Roadmap: Building Beyond the Meme

The Wally Group’s Roadmap: Building Beyond the Meme

by firstcryptonews
August 22, 2025
0

The world of meme coins is often dominated by hype cycles, fleeting communities, and promises that never quite materialise. But...

Kame aka $Kame: A Novel Crypto Initiative Powering SEE Turtles Conservation

Kame aka $Kame: A Novel Crypto Initiative Powering SEE Turtles Conservation

by firstcryptonews
August 21, 2025
0

Crypto philanthropy is charting new territory—and one promising frontier is the collaboration between Kame (stylized as $Kame) and SEE Turtles,...

Sliyd launches on Base with one-click digital wallets; The “100k Sliyd Drop” shows how easy onboarding can be

Sliyd launches on Base with one-click digital wallets; The “100k Sliyd Drop” shows how easy onboarding can be

by firstcryptonews
August 21, 2025
0

Built for campaigns with simple sharing, on-chain proof and fair distribution, Sliyd is turning attention into action and rewards. British...

Huddle: The Cross-Chain Web3 Dashboard Transforming Portfolio Tracking

Huddle: The Cross-Chain Web3 Dashboard Transforming Portfolio Tracking

by firstcryptonews
August 21, 2025
0

The Web3 space continues to expand at lightning speed, with users often juggling multiple wallets across several chains. For NFT...

Beast Seller: The Next Matt Furie Meme Coin With 100x Potential

Beast Seller: The Next Matt Furie Meme Coin With 100x Potential

by firstcryptonews
August 18, 2025
0

In the ever-evolving world of meme coins, one thing has remained true: when a Matt Furie character takes center stage,...

Why Multi-Chain Meme Coins Like TWG Are the Future of Crypto Communities

Why Multi-Chain Meme Coins Like TWG Are the Future of Crypto Communities

by firstcryptonews
August 18, 2025
0

In the fast-moving world of cryptocurrency, meme coins have often been dismissed as short-lived, hype-driven projects. Yet, some are proving...

Next Post
Atua AI Enhances Developer Customization With Scalable Node Orchestration

Atua AI Enhances Developer Customization With Scalable Node Orchestration

Recommended

Leading Utility Token YES WORLD hits a significant milestone of 2 million token transactions count

Leading Utility Token YES WORLD hits a significant milestone of 2 million token transactions count

3 years ago
Next big AI agent launch set for Friday 18th of July on Creatorbid: $YUUKI – The crypto casino governor

Next big AI agent launch set for Friday 18th of July on Creatorbid: $YUUKI – The crypto casino governor

1 month ago
Levolution ico

LISTING OF LEVL ON A SECOND EXCHANGE


6 years ago
AIZU Coin ICO is EXPLODING — The Explosive next 100X Crypto Gem Everyone Will Be Talking About!!

AIZU Coin ICO is EXPLODING — The Explosive next 100X Crypto Gem Everyone Will Be Talking About!!

3 months ago
Unleashing new forms of Defi investment, SureX is ushering in a new era of public finance

Unleashing new forms of Defi investment, SureX is ushering in a new era of public finance

2 years ago
CPUcoin to Launch IEO on Probit Exchange to Accelerate CPU/GPU Power Sharing Economy

CPUcoin to Launch IEO on Probit Exchange to Accelerate CPU/GPU Power Sharing Economy

6 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Launches Next-Generation Frameworks to Elevate Multi-Chain Productivity

Atua AI Launches Next-Generation Frameworks to Elevate Multi-Chain Productivity

August 22, 2025

Press Release

The Wally Group’s Roadmap: Building Beyond the Meme

The Wally Group’s Roadmap: Building Beyond the Meme

August 22, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News