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Topic: Memecoin and utility - impossible or next stage of crypto development - page 2. (Read 304 times)

hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
A memecoin is a type of cryptocurrency that is primarily used for online memes and as a form of online tipping or reward. They are typically not intended to serve as a serious investment or store of value, but rather as a way to facilitate fun and creativity within online communities.
I don't know a single investor who is into this kind of investment because they are having fun and inspiring creativity on the online community. As far as I know, investors are into memecoins because they expect financial returns.

One of the main utilities of a memecoin is its ability to facilitate the spread of memes and provide a way for users to show their appreciation for content creators. By allowing users to tip each other with small amounts of memecoins, it can help to encourage the creation and sharing of new and interesting memes.
I thought emoticons existed for that purpose already, since the early days of internet (and for free). And I don't think they need to be replaced by memecoins.

Another utility of memecoins is that they can serve as a way for online communities to self-govern and regulate their own content. For example, a community may decide to use memecoins as a way to vote on which memes should be promoted or featured. This can help to ensure that the content being shared is of high quality and resonates with the community.
Memecoins are copies of each other. There is no creativity or high quality content on this community at all. It's a speculative niche of pump and dump schemes. Sorry, but nothing of this make much sense in a practical way...

Overall, while memecoins may not have the same utility as more traditional cryptocurrencies, they can still serve an important role in facilitating creativity and community building online.
Memecoins are shitcoins like most altcoins in this market. They are of no use. And that is why all of them are dying, with DOGE's exception, since it's a classical cryptocurrency which must last for a long time yet.
legendary
Activity: 3654
Merit: 1165
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I think it is going to end up being a bit of a trouble when people realize that the only thing that kept these coins were hype and nothing else and it's not going to end up being anything better in the long run neither. I get that most of them want it to go on for a longer period of time but it is not going to happen and we will have to focus on just fundamentally strong coins.

If you keep checking meme ones, then your money will turn into a meme itself and you wouldn't want that. It's much better if you could just put it in something serious so that you would seriously make some money, it's much better that way. It's my preference at least, much better that way.
legendary
Activity: 2660
Merit: 1074
It's basically created as a meme token that has little to no utility but people used it a tipster token which majority of people embraced it like that given that the value of DOGE is very low before. But today as Elon make DOGE sky rocketed as he talk multiple times about it, people thinks it's a great investment out of nowhere. I believe that it should be used as a tipster token again since no one is giving tips nowadays using DOGE because it has a value now.
Tips are usually small amounts given to another person but using meme coins as medium will make the amount look smaller and the tips became useless anymore. This might work for someone who is new to crypto and they will think you have given them a huge amount when they saw those huge number of doge coins on their account. Meanwhile, coins that works from influences is never a good investment.

This is risky and the only one that is guaranteed to make money on here are the influencers. Are those guys happy when they make Elon more richer? Maybe these guys wants to make Elon the most richest person in the world because I think he is currently on the second spot and Jeff Bezos is at the first place.
legendary
Activity: 2492
Merit: 1145
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It's basically created as a meme token that has little to no utility but people used it a tipster token which majority of people embraced it like that given that the value of DOGE is very low before. But today as Elon make DOGE sky rocketed as he talk multiple times about it, people thinks it's a great investment out of nowhere. I believe that it should be used as a tipster token again since no one is giving tips nowadays using DOGE because it has a value now.
jr. member
Activity: 49
Merit: 6
i think it is better to stay away from any type of meme projectx, in few more years meme coins might not gain any more hypes like 2021 ever again, the whole market might shift for a newer hype like A.I , blockchain games or something brand new entirely, my most focus is on shiba inu as this looks like the only meme coin that might actually works in the end since it has a stronger community thats supporting the project.
hero member
Activity: 1330
Merit: 585
Leading Crypto Sports Betting & Casino Platform
memecoin to me is not worth long term investment and look how many memecoin have appeared and in the end it is a scam.
I completely don't pay much attention to the uses of memecoin at all but what I see is the value for the future is too weak.
full member
Activity: 1303
Merit: 128
Meme tokens might serve their purpose for a cheaper network but not all are worth it, have you seen a lot of scam meme token and a lot of rug pull recently? That’s alarming and not encouraging at all. I don’t see meme token as worth it to hold though, its too risky and too volatile so proceed with caution and never go all in with the meme tokens.
sr. member
Activity: 2422
Merit: 357
Overall, while memecoins may not have the same utility as more traditional cryptocurrencies, they can still serve an important role in facilitating creativity and community building online.
Probably the hype is their role in this market, and many can still make money out of it but not all will have the same luck because late comers will always be the one to suffer here and that is what happened to other meme tokens. It you want a real deal, better to look for other projects with utility, there’s a big chance for them to rise and stay longer here in the market instead of following too much hype from meme tokens.
legendary
Activity: 3038
Merit: 1166
Leading Crypto Sports Betting & Casino Platform
A memecoin is a type of cryptocurrency that is primarily used for online memes and as a form of online tipping or reward. They are typically not intended to serve as a serious investment or store of value, but rather as a way to facilitate fun and creativity within online communities.

One of the main utilities of a memecoin is its ability to facilitate the spread of memes and provide a way for users to show their appreciation for content creators. By allowing users to tip each other with small amounts of memecoins, it can help to encourage the creation and sharing of new and interesting memes.
-cut-
You don't really need to spread the dogecoin as i thing that everyone with an internet seen the doge meme. And i've never encoutered new meme token being a thing used to top people.

What i've seen during somewhere in the top of the ico frenzy cycle, token names being used as an adverisement for a website or other kind of token. I don't think that was very effective as that was a sure thing no make me NOT to even google about it and avoid the name in all cost.
newbie
Activity: 9
Merit: 0
A memecoin is a type of cryptocurrency that is primarily used for online memes and as a form of online tipping or reward. They are typically not intended to serve as a serious investment or store of value, but rather as a way to facilitate fun and creativity within online communities.

One of the main utilities of a memecoin is its ability to facilitate the spread of memes and provide a way for users to show their appreciation for content creators. By allowing users to tip each other with small amounts of memecoins, it can help to encourage the creation and sharing of new and interesting memes.

Another utility of memecoins is that they can serve as a way for online communities to self-govern and regulate their own content. For example, a community may decide to use memecoins as a way to vote on which memes should be promoted or featured. This can help to ensure that the content being shared is of high quality and resonates with the community.

Overall, while memecoins may not have the same utility as more traditional cryptocurrencies, they can still serve an important role in facilitating creativity and community building online.
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