Do you even memecoin?
2024-07-16 09:06:00 +07:00 by Mark Smith
cat << EOF
I wish there was more information out there about people trying to use memecoins / altcoins for serious projects. There’s lots of talk about memecoins, about celebrities starting their own memecoins, most seem to eventually fail. I haven’t read about many folks actually seriously trying to put these new technologies to good use over and above just glorified pump and dump schemes.
I was looking at pump.fun earlier in the week, but it really just looks like a scam site. I thought the description as the 4chan for memecoins was kind of interesting. I think I'd be looking for something a bit more like the reddit for memecoins or the hacker news for memecoins. All this is very vague because I have hardly any idea how this would manifest, or what it would look like.
It’s not clear to me how folks are using these coins with their projects. Is it purely for investment, or are they being used for governance too? If it is for investment, how do the launchers of the coin get value from it?
But there are people trying out interesting modern digital ways to fund projects. I’ve read about decentralised autonomous organisations (DAOs), sounds great but it’s almost all theoretical. How do you actually set one of these things up?
What do you actually need to start a memecoin? Can you do it just from your mobile phone?