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Topic: Another Day, Another Memecoin Event; Anyone Actually Making Money from These? (Read 41 times)

hero member
Activity: 2142
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Leading Crypto Sports Betting & Casino Platform
Curious if anyone here has actually made anything from these giveaways or if it’s usually more smoke than substance.
The concept of a project holding a giveaway is not much different from airdrop because in essence it is a random selection to get coins for free. If what is given is a meme coin, then it is not a guarantee that its value depends on the allocation and value you get. Honestly, joining a giveaway is just a waste of time because you will be competing with bots that are ready with thousands of accounts to attack, believe me it will not produce anything.
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
Lately, I keep seeing these “memecoin carnival” events popping up all over Twitter. It seems like everyone’s hosting some sort of giveaway, and a friend of mine keeps asking if I’ve tried getting in on one yet.

I’ll be honest, I’m skeptical. I’m not anti-memecoin, but I also don’t think most of them have any real staying power. For every success story, there’s a long list of projects that just faded out as fast as they arrived. Personally, I’d rather get some exposure for free through these events if I’m going to get in at all, rather than putting any serious cash into something with “meme” in the name.

Curious if anyone here has actually made anything from these giveaways or if it’s usually more smoke than substance.
There are for sure but not me. If I've earned from these memecoin events, there's a very little amount of money that I've earned from it. To be honest, what you've said is right about most of the memecoins. Whether they run an event or not, there are for sure investors that will take time to invest into them because of the thinking that they might earn such money from it. The earlier, the better, that's what they're saying and that's how it is going to take them more into investing with memecoins.
hero member
Activity: 1652
Merit: 772
Curious if anyone here has actually made anything from these giveaways or if it’s usually more smoke than substance.

In the past, I often participated in events like that, the more I tried, the greater my winning chances, but the reality is different, I never won Cheesy. Unlike my friend, until today h'is still consistent in following events created on Twitter, and at times he won them. So, from my friend's story, we can conclude that it's all real, he managed to get something out of it, not just smoke.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
I’ll be honest, I’m skeptical. I’m not anti-memecoin, but I also don’t think most of them have any real staying power. For every success story, there’s a long list of projects that just faded out as fast as they arrived.
This is just it. What I noticed about them is that some will be scam as the project developer of the meme coin perfectly do an exit scam. Those that made it into the market will get pumped and later dumped. They will become old and be left for new coins instead. This will make their prices to remind low. People only gamble with such coins.
You mean rugpull tendencies? Quite not possible to avoid these especially with memecoins. You could at least have higher chances of not bumping into scam projects by checking on the devs behind it or check their outputs whether they are exerting efforts with coin's graphics or website (at least in my case, these are my standards) and also how active they are with different social media platforms. Risk will always be present in this industry given that anonymity is protected by the technology itself. Now, bottomline here is the event. If you are not into meme projects then basically it will be a waste of time engaging on this event. Or simply manage the amount you will use in every project that will be interested on your perspective to avoid regrets afterwards. Not all projects are having high tendencies of rug 'coz there are still projects which are really profitable and still progressive after months or even a year. And basically those are the best ones to check out.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
I’ll be honest, I’m skeptical. I’m not anti-memecoin, but I also don’t think most of them have any real staying power. For every success story, there’s a long list of projects that just faded out as fast as they arrived.
This is just it. What I noticed about them is that some will be scam as the project developer of the meme coin perfectly do an exit scam. Those that made it into the market will get pumped and later dumped. They will become old and be left for new coins instead. This will make their prices to remind low. People only gamble with such coins.
newbie
Activity: 69
Merit: 0
Lately, I keep seeing these “memecoin carnival” events popping up all over Twitter. It seems like everyone’s hosting some sort of giveaway, and a friend of mine keeps asking if I’ve tried getting in on one yet.

I’ll be honest, I’m skeptical. I’m not anti-memecoin, but I also don’t think most of them have any real staying power. For every success story, there’s a long list of projects that just faded out as fast as they arrived. Personally, I’d rather get some exposure for free through these events if I’m going to get in at all, rather than putting any serious cash into something with “meme” in the name.

Curious if anyone here has actually made anything from these giveaways or if it’s usually more smoke than substance.
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