Memecoin by 9gag on Binance | Bitcointalksearch.org

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Quote from: EmpoEX on October 31, 2023, 12:05:33 PM

Actually it's hard to believe that a meme coin will be listed in some reputed exchanges. So, I stopped buying these meme tokens/coins a long time ago. If I get something for free, I still get confused that should I add another smart contract address or shouldn't I? Because I don't know if this is another scam token.

It's might be a scam since Binance added it to their launchpool, not validating that but they might have done their research about the projects, check about the team, what the project is all about before they list the token. But I'm very paranoid on Binance taste some times. Like, what do they gain by listing this tokens for people at this time? As if we have not experienced how meme were all shilled for quick profit but then I forgot that Binance is chasing after the trading fees for their own maximizing profits.

Why are adding a smart contract? If you want to put it in a watch list, why not download coingecko and do that instead of adding a smart contract.

Quote from: electronicash on October 31, 2023, 12:32:37 PM

sure they named it well as what it is. at least this one is pretty much admitting its just for memes.

but if it's on binance to be paired with some stablecoins, it must be one of those memecoins that will also go up in the bull market. it's not so hard to invest in it as long as you could wait for the bull run. you just got to think whether this one is just the distraction for investors though when in fact you have to be with BTC.

Isn't going to be laughed if meme coins become the new thing everyone chase after in the crypto space if new bull run return. People cried that they lost all they had to meme and then Binance is still doing this at this stage, they need to reconsider some other niche of crypto to give access to more developers to build and discard this tasteless tokens that are just hype without any value to the society, it's meme I know but how many have they listed on the exchange.

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Quote from: Cryptoababe on November 05, 2023, 06:01:29 AM

Hahaha

. I mean its just a coin with no use case to me. I understand that you want me to describe it in full. But No. Thanks for the definition anyways. I purchased little.. I might sell at loss cos the loss is bearable.

We are entering a possible bull phase scenario isnt it too pessimistic to say that loss is bearable. If I were you Id be positive cause it might give you a profit when it explode in a bull run. I know its a meme project but isnt a typical one since the project lead is known for their meme platform. Thats why Binance listing is imminent and its not impossible.

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Quote from: nelson4lov on November 01, 2023, 09:33:27 PM

I wasn't shocked to see MEME being added to Binance launchpool because Binance have recently been listing memecoins more often than not. The primary reason binance might have agreed to list the MEME token might not be because of the fact that they can fulfill the listing requirements but the amount of volume that would come in which equates to more fees earned by Binance. Enough to boost their Q4 earnings report.

For sure it's really influenced by 9GAG. We all know 9GAG is a big entity and if 9GAG is for memes, then they created a cryptocurrency related to them, which is memes.
I believe it's because of 9GAG and they easily participated in Binance Launchpad.

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Quote from: JeffBrad12 on November 05, 2023, 10:23:10 AM

Quote from: Cryptoababe on November 04, 2023, 02:12:27 PM

This coin reminds me of shib. There is no usecase or anything. The name memecoin means its just a coin. Although, I see some people holding thier NFT to get the airdrop but it I still feel like its just an ordinary coin. But i bought some on Bitget to get more airdrop of it cos I feel like the 9gag team is rich and they might want to pump thier coins. Hopefully, that will happen and im gonna take profit.

as the name itself implies meme coin, basically a coin created for fun and nothing in particular that could helps it to increase its value, therefore don't expect too much in term of fundamental and utility, this coin in this case seem to be leveraging on the popularity of meme app that has established since long ago, no wonder binance willing to list it in the first second because the app itself is quite popular.
I personally don't like this coin of meme coin since they are always that inherent characteristic of just pump and dumping but if its just an airdrop then I guess there's nothing wrong with trying to get that share of cake.
i think this coin might rise quite high competing with already existing meme coin that reached large market cap easily but at the same time we all know sometime how shit the situation could turning out to be.
when there are so many participants getting airdrop you can always expect that the rewards will be really small and sometime not even worth mentioning and looking from situation this airdrop of this meme coin will be small.

Let's hope that this coin will be a true meme coin where it can be given a way without worrying about the value of the token just like what is DOGE way way back before. I hope the team has a proper plan to make it a token that can function as a real meme token, like being given to those witty contributors in their 9gag application or some like a token that can be donated to those funny guys in the internet. I really don't want it to be trading focused coin that has a wild volatility, I honestly want the price to be somehow dead but still has some value in it. But yes, my ideals is far from reality, let's see in the future how this coin develops.

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Quote from: JeffBrad12 on November 05, 2023, 10:23:10 AM

when there are so many participants getting airdrop you can always expect that the rewards will be really small and sometime not even worth mentioning and looking from situation this airdrop of this meme coin will be small.

I don't really expect much from the airdrop as well. And i don't even expect anything. That's why i purchased on the exchange where i can earn more for purchasing. And im not even holding for long. I just wanna use that opportunity to make some quick cash from the coin hype. And if it doesn't work out. At least, i know that its not a rug pull coin. I will still have some of my investment back by selling if I see no positive result.

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Quote from: Cryptoababe on November 04, 2023, 02:12:27 PM

This coin reminds me of shib. There is no usecase or anything. The name memecoin means its just a coin. Although, I see some people holding thier NFT to get the airdrop but it I still feel like its just an ordinary coin. But i bought some on Bitget to get more airdrop of it cos I feel like the 9gag team is rich and they might want to pump thier coins. Hopefully, that will happen and im gonna take profit.

There are no differences between the two, whether they are NFTs or memecoins. They both share the characteristic that they have no real benefit and no useful use. Just as some people exploit the emergence of the wave to make profits at the expense of idiots, platforms take their share of that as well.
I am not surprised by the emergence of new memecoins on the market, but I was surprised that Binance adopted one of these projects, and I would not be surprised if it was the one who supervised the development.

As mentioned many times, Binance is taking over the cryptocurrency market by acquiring trading activities and the largest currency listing platform CoinMarketCap. This gives it many possibilities to manage the market and adapt it according to its will to achieve the greatest possible returns.

Cryptoababe

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Quote from: poodle63 on November 04, 2023, 08:20:59 PM

but if its free money its good.

Yeah, if it's free money. And it might be if the airdrop pays. Although, I bought some to get some for free on exchanges and that doesn't mean I'm holding them for long.

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Quote from: Cryptoababe on November 04, 2023, 02:12:27 PM

This coin reminds me of shib. There is no usecase or anything. The name memecoin means its just a coin. Although, I see some people holding thier NFT to get the airdrop but it I still feel like its just an ordinary coin. But i bought some on Bitget to get more airdrop of it cos I feel like the 9gag team is rich and they might want to pump thier coins. Hopefully, that will happen and im gonna take profit.

as the name itself implies meme coin, basically a coin created for fun and nothing in particular that could helps it to increase its value, therefore don't expect too much in term of fundamental and utility, this coin in this case seem to be leveraging on the popularity of meme app that has established since long ago, no wonder binance willing to list it in the first second because the app itself is quite popular.
I personally don't like this coin of meme coin since they are always that inherent characteristic of just pump and dumping but if its just an airdrop then I guess there's nothing wrong with trying to get that share of cake.
i think this coin might rise quite high competing with already existing meme coin that reached large market cap easily but at the same time we all know sometime how shit the situation could turning out to be.
when there are so many participants getting airdrop you can always expect that the rewards will be really small and sometime not even worth mentioning and looking from situation this airdrop of this meme coin will be small.

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Quote from: tvplus006 on November 04, 2023, 07:44:34 PM

Quote from: Cryptoababe on November 04, 2023, 02:12:27 PM

...The name memecoin means its just a coin. ...
But i bought some on Bitget to get more airdrop of it cos I feel like the 9gag team is rich and they might want to pump thier coins. Hopefully, that will happen and im gonna take profit.

Where did you read about it, or is it a translation from a language unknown to me? "A meme coin is a cryptocurrency that is based on a meme or that was created as a joke in much the same way as a meme" - https://www.dictionary.com/e/slang/meme-coin/. I think it will be difficult to get a profit from such a purchase, since the price of $Meme has already increased by 2500%.

Hahaha

. I mean its just a coin with no use case to me. I understand that you want me to describe it in full. But No. Thanks for the definition anyways. I purchased little.. I might sell at loss cos the loss is bearable.

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Quote from: Cryptoababe on November 04, 2023, 02:12:27 PM

This coin reminds me of shib. There is no usecase or anything. The name memecoin means its just a coin. Although, I see some people holding thier NFT to get the airdrop but it I still feel like its just an ordinary coin. But i bought some on Bitget to get more airdrop of it cos I feel like the 9gag team is rich and they might want to pump thier coins. Hopefully, that will happen and im gonna take profit.

the fact that there is already pepe and milady this year that gained massive increase in term of market capitalization make me somehow believe that there will be no meme coin left this year that could repeat such thing, even if this one got listed in binance, i just feel that it won't be as massive at best it'd just increase three times from initial market price and thats it.
even reaching hundred of millions dollars doesn't seem to be realistic at this point.
but i personally still tried to get the airdrop with this coin even following many of their tasks before, hopefully it will turn out good, even though i'm not so sure and moreover have no high expectation in regard of this coin but if its free money its good.

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Quote from: Cryptoababe on November 04, 2023, 02:12:27 PM

...The name memecoin means its just a coin. ...
But i bought some on Bitget to get more airdrop of it cos I feel like the 9gag team is rich and they might want to pump thier coins. Hopefully, that will happen and im gonna take profit.

Where did you read about it, or is it a translation from a language unknown to me? "A meme coin is a cryptocurrency that is based on a meme or that was created as a joke in much the same way as a meme" - https://www.dictionary.com/e/slang/meme-coin/. I think it will be difficult to get a profit from such a purchase, since the price of $Meme has already increased by 2500%.

Cryptoababe

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This coin reminds me of shib. There is no usecase or anything. The name memecoin means its just a coin. Although, I see some people holding thier NFT to get the airdrop but it I still feel like its just an ordinary coin. But i bought some on Bitget to get more airdrop of it cos I feel like the 9gag team is rich and they might want to pump thier coins. Hopefully, that will happen and im gonna take profit.

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Quote from: Bushdark on November 03, 2023, 03:04:48 PM

Meme coins are just like the regular crypto projects that had been in the market for long now and we don't have to be sentimental about them even though their are lots of weak meme projects in the market but we can still find good ones we can hold and maximize the opportunity of earning from them.

Yes indeed. Once you gain profit then go out of it. Find another one to gain again. I doubt people who believed in technical ptojrcts would be fan of this instead buying more worth it and useful one to be safe and thats totally fine cause I also do that. But these memecoins are also post potential gain if you knew how to enter and exit with it.

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Quote from: ryzaadit on October 31, 2023, 08:46:37 AM

I feel like with these launchpad, binance going to their down-patch

I mean, why they choosing these (MEME) tokens while we have so much more better and potential project comparing a token just for (MEME). Still can't believe MEME token now can entering (Binance-Laucnhpad).

Geezzz.

I think Binance is now concentrating on meme coins which is not a bad idea if they have a strong community support and good dev team to keep the project on a high momentum. It is very important for us to understand the level of risk we are able to take investing in meme projects. But mere looking at many meme projects, we can still make a lots of profits from them if we are ready to take the risks.

Meme coins are just like the regular crypto projects that had been in the market for long now and we don't have to be sentimental about them even though their are lots of weak meme projects in the market but we can still find good ones we can hold and maximize the opportunity of earning from them.

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Quote from: Ben Barubal on October 31, 2023, 09:36:12 AM

[

Well, in that matter, you need to believe that maybe MEME meets the requirements that the Binance exchange needs for them. We know that Binance's standards are high, but MEME passed, which means that meme coins will also be released in the crypto space.

It seems that there are upcoming airdrops if the task is easy. I might participate as long as I can do the task; there is no problem for me. And I also see that the percentage that Binance will get from those meme coins is also likely to be large. I will look forward to that.

I don't think so, Binance listing requirements have not changed for years and as such what it takes to get the token listed on the other exchanges are same or similar to finances, because I still remember way back when I was following one coun like that, and at some point, the team shared Binance listing form to the group and from what is listed and submitted doesn't contain any hard requirement for that potential coins to meet.

I guess the meme coins are getting listed on Binance because meme coins are the wave of the moment and Binance will also want to take advantage of the hype around meme coins.

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In MEME token's whitepaper i think it is written that " MEME is completely useless and for entertainment purposes only". I appreciate their honesty about the project and that can be considered a warning from the team to their community that they are investing in something that has no financial value. It isn't directly written but that warning tells me this. But the problem is with Binance. Why did they list a project like this? Only to get the listing fees? or are they looking for the volume it can generate? Both don't matter for an exchange like binance as they are generating millions of dollars every day from their users.

This can be speculative thinking but it is not impossible that binance is the one behind that project or that they have a connection. We have seen this before with shiba Inu. When millions of dollars poured into that meme coin I think binance was also secretly accumulating those tokens before listing them on their exchange. This can be the reason it starts dumping right after being listed on binance.

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Quote from: Sayeds56 on October 31, 2023, 12:23:26 PM

...Its listing price will be 0.01 dollar but it can potentially go from 5X to 10X after listing. Let's watch and wait how it plays out after listing. DYOR

Wrong. The price of the $MEME coin on the Binance listing was $0.001. It was at this price that the Launchpool participants received this coin. And considering the fact that the price of the coin after listing reached $0.1, it can be stated that theoretically it was possible to get x100 or 10000%. But I repeat, this is only theoretically, since few were able to sell at such a price.

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Quote from: justdimin on November 02, 2023, 04:33:19 PM

About the meme coin 9gag, if it was an official one, then maybe it is worthy to HODL it for a while? Because the price can still rise for more and that will allow us to earn even better.

Well, if you are one of the early buyers of it. It's worth it to sell it when you see that it's been in many markets now. But if it's for long term, who knows.
We don't know if these meme coins will stay longer and if the hype from these type of coins is still there. Yes, it's an actual meme coin from 9gag but is that enough for them to sustain the coin even with or without development?

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Quote from: Husires on November 02, 2023, 02:08:16 AM

Binance usually buys thousands of these tokens and then they charge listing fees. Therefore, the project that may bring them the highest profit and the chance of dying in the slow term will be Binance’s choice, which may apply to 9gag, but this does not mean that it is a good investment.

Well Im not sure they are buying coins before the listing thats probably not disclose but surely this kind of listing isnt paid as Im aware that they list it with a binance launchpool. Theres no need to charge if they are gonna benefited from yhr trading fees itself. Its a win win to those using launchpool since they could get a lot of tokens for free by doing staking.

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Quote from: Husires on November 02, 2023, 02:08:16 AM

Binance usually buys thousands of these tokens and then they charge listing fees. Therefore, the project that may bring them the highest profit and the chance of dying in the slow term will be Binance’s choice, which may apply to 9gag, but this does not mean that it is a good investment.
If you obtained these tokens for free or through specific tasks, sell them immediately after listing, no matter how much the price continues to rise, keeping them is a loss for your investments.

So, they are the one's who buy? I thought they are only listing it on their platform and then the public are the ones who will buy it? But for sure, Binance charge a huge listing fee. Other than that, there might be other criteria that an exchange are looking for, like a good utility and if the project is legit because that will be safe for their reputation and it can bring them decent profits through fees once the people make a transaction with those projects inside their platform.

About the meme coin 9gag, if it was an official one, then maybe it is worthy to HODL it for a while? Because the price can still rise for more and that will allow us to earn even better.

Topic: Memecoin by 9gag on Binance (Read 315 times)