🤔Memecoins Problems

Memecoins Problems

Memecoins have lost the meme

In the world of memecoins, many creators have forgotten what truly makes memes unique. Instead of capturing the true spirit of memes, most projects are just reacting to trends missing the real meme part.

As a result, memecoins have drifted away from their origins, prioritizing speculative trading over the fun and community-driven spirit that gives memes their true power.

Blockchain fees and transaction speed

During blockchain congestion, transactions can slow down. For memecoins, speed is crucial for profit due to high price volatility. Additionally, analyzing existing solutions each buy/sell goes with network fees, increasing the overall trading costs.

Sniper and trading bots

Manipulation of trading and sniper bots that buy lots of memecoins to sell them right away after the launch, which reduces genuine community participation.

Difficulty of promoting a memecoin

Social platforms are overcrowded with bots and non-target audiences, making it difficult and costly for new memecoins to build the community.

Creator’s fee

The creator’s fee makes it difficult for Web2 users to get started and increases costs for those who haven't earned anything yet.

Limited ways to earn

Typically, such platforms provide only one way of profit through trading memecoins. However, we’re convinced that this approach doesn’t fully highlight all available opportunities.