The story of Cerberus Chain: The blockchain deleted by on-chain governance

TLDR at the bottom

This story from the Cosmos Ecosystem, about a memecoin chain, that had (technically still has) a token called $CRBRUS. It was created as a solo app-chain, with the application simply being a meme. Not the most profitable application model, but it was fun for a while.

This chain did an airdrop, in the last bull market and this airdrop actually made some people made a fair amount of money, like if you staked a decent amount of $ATOM, $OSMO and $HUAHUA (another Cosmos dog token) you could have easily earned $150-$1000 in $CRBRUS. It was a wild ride during Cosmos airdrop season, dog chains were flying around left and right with bags of money. The funny thing about these dog chains though, is that they would try to be too official with it. They had Devs, community pools and didn't just go all out andairdrop the whole token, so making a "Memecoin" that has some level of significance as a utility just isn't that fun and no one used the Cerberus chain ($CRBRUS).

That is where prop 31, in Cerberus chain Governance comes in. Basically, this prop pleaded to put the chain out of its misery. It was nowhere near profitable, and there were other possibilities to utilize the wasted validator infrastructure, that were validating a zombie chain. So they did, prop 33 pulled the trigger on the Cerberus chain. The Validators had been given final notice to quit validating, and the network officially shut down, leaving 5 Billion $CRBRUS on Osmosis, out of the hundreds of Billions that remained on the chain and were essentially burned. Talk about the biggest burn in history.

Today, you can still trade this memecoin on Osmosis. In fact, the funniest part of, it has been performing significantly better than the rest of the market (on very small amounts of trading volume ????), for legitimately no reason at all, just as a good dog coin should.

Hope you enjoyed the story

TLDR

Cerberus chain ($CRBRUS) was a Cosmos blockchain that airdropped its token out to ATOM, OSMO and HUAHUA stakers. The chain marketed itself as an official memecoin with utility (a narrative that can't exist based on the reality that memes are just for fun). After a few months of running Cerberus chain, a governance proposal came on-chain that literally intended to end the chains existance, and the network participants actuallt agreed to not waste the resources trying to run a sovereign meme blockchain. The proposal passed, and the Cerberus chain was shut down, but about 5 billion $CRBRUS tokens still remain on the Osmosis DEX and are available for trading still.

In a hilarious twist of fate, the Cerberus chain needed to die, for $CRBRUS to gain an actually meme-able narrative. It's a dog coin who's home was destroyed, and it currently resides in its forever home, Osmosis. The stray dog lives (kinda)!