Topic: How are they doing this? (Read 211 times)

It's actually not surprising to me because I've seen something like this happened in the past. I recall the season of ICO's when projects were springing up right, left and center. There were always people who fell for their gimmicks because of the notion that they would make unbelievable profit from the projects. I really do hope that more people devote their energy to learning before investing in the cryptocurrency space.

Anyone can probably get listed on some of those sites if they're willing to pay a few bucks. For what they're making by getting listed on them, even if it cost them $250 USD to get listed and exposure on some ICO or crowdsale website it's nothing. They can also run a little airdrop or bounty or something and boom, now they're getting a bunch of free promotion. Spend a little money on that and make it go viral and it's a wrap. Sad that people do this kind of stuff, and if you're really looking to invest in things like crowdsales or ICOs it's probably best to find some sites, research them almost like you would a coin, and only use the ones you trust most.

A lot of meme-coins are a bubble that once will burst. Have you seen how most recently the “SquidGameToken” scammed? Creators of this coin saw that film becomes very popular and quickly on hype have made meme-coin “SquidGameToken”, invested some amount of their own money to pump the token and to draw attention. Then, when traders on hype invested quite huge amount of money, suddenly dumped this token. I think that the similar scheme are using other creators of meme-tokens scam projects.

This is also the reason behind a large number of social problems in this world. Politicians also want to keep their population to remain illiterate and stupid so they can run their propaganda. The only solution to this is having a logical mind and learning new things everyday and using the knowledge to question others motives.

With that mindset nobody would actually trust memecoins and their creators anymore. Heck they would not give their money to any ICOs or keep their coins stored in exchange wallets when they dont need it.

Come to think of it, illiteracy or lack or knowledge is the big reason why scams run rampant. Hence our approach should be to educate and inculcate the art to detecting such worthless projects by new entrants of the market.

In every investment, there will always be newbie investors who are easily attracted to these new projects.
High APY, burning mechanism, dividends just by holding. These are just some of the few ways to attract these newbie investors and sad to say, there are some who are falling into it and there is nothing that we can do about it.

Online. Like I said, they are just inputting some flowery and attractive words that can attract investors to invest into their project.
Right now, these meme coins are just the same and to my surprise there are some who became successful to gather some buyers to support their project. Most of them though ended up as a dead coin or a scam coin.

There is no secret into this.

Advertising into different social media platforms. I think that is the correct way to gather community members. TBH, I don't know how some meme coins are gathering tens of thousands of members in their channel especially in their Telegram. Its also possible that most of their community members are paid just to join in their channel.

Honestly, I would take this information with a grain of salt. What I mean is that a website of a new ICO or whatever can easily claim they've raised 1000 BNB, but where's the proof of that? It can be just a number on the website with a sole purpose of attracting actual investors who might see how fast the numbers are rising and invest out of fear of missing out. Another scenario can involve an actual "investment", but not in a way you might think. If you think about it, ICOs are perfect for money laundering. So imagine you have some illegal funds on your hands, but you need to somehow make them clean. You launch an ICO in a place where it's officially not forbidden. You send your own illegal money into the pot, as if it were something investors sent. And here you go, now your money is officially laundered because it's the money you raised for your project.

According to my experience, usually a project publishes the project, because it already has personal advisors and investors who can run the project smoothly. but even though this often happens, it's also not uncommon because the policies of the project are good, so many foreign investors are attracted and join. and it should be underlined that not all projects with big investors are always successful.

The majority of the population of the earth is stupid. That is probably the main reason why stuff like that happens and even is successful. Meme-coins were the main-hype of the crypto space in the last few months and still are pretty in the focus until today, even though i think the hype for meme-coins is slowly but surely going down at the moment and will die sooner or later. People just saw that some early investors of Shiba Inu made huge profits and then they all began to create their own meme-coins because only minium effort is needed to create a meme-coin. You just create a ERC-20 or BSC token, use a website template and bam you are done.

do research on it. whether it's on social media, or their telegram. see how active their group is, and how they market their products.
right now, things like that could be manipulated. in fact, I think that investing in such memecoin is quite dangerous. currently there are many cases of rug pull for new coins. they sometimes sell up to a few thousand BNB, and when you look at the liquidity, sometimes they even just put in 50 BNB or a few BNB to trick investors and then leave it.
do not invest without a clear basis.

everything is done in a very detailed concept, from a team that already knows their respective jobs and the cohesiveness of teamwork is what can change the rapid progress of a new project.
.and also must always follow in crypto forums to always offer crypto that has been made to convince potential new investors..

They are mostly promoting in known telegram groups with thousands of members of course newbies who did not "DYOR" will eventually fall into this new tokens/memes and later cry after devs dumping tokens on their faces. There are so many meme devs doing this kind of method create hype first then attract new people in crypto to invest in their shitcoins and then dump, then repeat.   

Community means everything for a project as if there is a loyal community, the project will have advertisement, support and demand. It is very important for projects to start building a community much before launching. As soon as they make a web-site and social media, they should start their promoting campaign. Developers should organise AMA sessions, give bonuses to the community members and show all their achievements.

If the site is verified I'm sure it won't happen. Such as dexsale or unicrypt. But, if what you mean is the website of the project itself most likely it is sales manipulation from them. Because it is so easy to display sales charting with its own edits, I often see those that sell for hundreds of bnb but when they start to be listed on the market the price falls.

There are a lot of people who are inspired by meme coins, by success of dogecoin, so they want to invest in meme coins so as to become rich in a short period of time. So newbies are really willing to invest. What is more, are you really sure that they pick such big amounts of money? Maybe they just lie and they invest their own money or just show unreal information on their web-sites.

Assuming you're not planning on running away with people's money with your currently launched project, those amount could be coming from their own and not from other investors.
Like what TheUltraElite mentioned, it could also come from hypes which is a really really common method especially you mentioned meme coins.
Meme in the internet just seems to evolve and I am not even surprised if coins like "Hide the Pain Harold" had its own coin, but do not have permission from the person in the meme.

Correct way? Use every means social media to get a reach of other people. You just need to get lucky that people will get interested in your project. It is not a rocket science, but luck comes into factor.

I only trust IDOs on Skyward finance and I pretty much only trade now on Ref Finance on NEAR protocol. I still have some funds on Polygon though and I'm curious, which is the best IDO launchpad on that chain?

I dont mind seeing a new crowdsale but the point is that the lack of regulation in this sector only leads to shit-projects and scams being promoted. This is just the new version of that ICO bubble.

Are you sure you checked that have done all that immediately? But yes I would agree that it is partly true.

That is why they are scammers and you are not.

That is easy. You just need to ride the hype created by some millionaire and point users to that, as soon as you do this and get the marketing done by brainwashed shills you make an impact on market.

Yes, human hope for being rich in a quick and easy way, which is bound to fail.

In reality, what is correct or incorrect is not important, but usually allowing a project to grow on its own like bitcoin did is the proper method. But nobody in a community cares about the technology behind it, they are in it for the money, hence inorganic growth is very common.

Still the best method is to to talks and meetups with people - that physical contact is missing today in this sector, keeping aside the pandemic. In memecoins and all, majority of the creators are anonymous, making it a very risky investment. Do not compare this with the anonymity of bitcoin's creator, Satoshi did not ask us to buy their coin. But these memecreators did.

They were scammers. They are the same people who have been creating so many scam meme tokens to rob the investors.
None knows about this for sure. I don't wanna argue about the ways for them to do that.
They were doing various spams. This was making the speculators of shit coins to enter into their coins. The scammers will always be rugpulled their liquidity in the liquidity pool.
There's no secret and did you want to create another shit coin like those scammers?
You should have done so many marketing. Buzz words were enough.

As I have said before, they are using 4Chan to create the hype for their project. And it seems 4Chan has a lot of crypto users just waiting for the next hype to ride and make money out of it.

Here is the thread: https://bitcointalksearch.org/topic/--5277820

And so this method is very effective for new projects and before you knew it, they've raised so much money in days that you can't really believed how this guys are doing. But as others have pointed out, there's no secret sauce.

No secret, except to used all the social media outlet to promote their meme coins and then wait for noob investors to throw their money.

Or maybe they will collude with a lot of social media influencers and shill for their projects. It boils down to the market and how big they can go and reach out to investors. And we all know that bitcointalk is the best community to promote their project and that's why they got a lot of members in short amount of time.