Time for BSC memecoins to take over Solana?

justdimin

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Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

Recently, we've been seeing the dominance of Solana and base memecoins in terms of hype, community, investors, and all that. However, while scrolling through X on a usual day, I discovered there might be a change of narrative soon.

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

I feel like the "chain" these meme projects are on doesn't really matter. People hype one today hype another tomorrow so it doesn't really matter all that much, I feel like that has to be something normal and not really shock anyone. I get that some people want to see they made the right choice, so they are trying to figure out which chain should get the most money and all, to be able to later focus their investments, but meme coins are just based on hypes and that means you are not going to know what's going to be hyped before hand.

The entire logic of hype is literally whatever happens at that moment, it is not known even a minute before it starts, so you can't really make it work any other way, you should try to avoid that.

HarryNick2746

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“Quacks: The Next Big Thing in Memecoins? A Shift in the Narrative on BSC”

In a landscape dominated by Solana and traditional memecoins, a new contender is emerging: Quacks. This deflationary memecoin on the Binance Smart Chain (BSC) is turning heads with its unique approach to community rewards.

Unlike other memecoins that require staking for rewards, Quacks automatically rewards holders through smart contracts. This innovation could give Quacks a significant edge in the market, offering a sustainable way to incentivize community support.

But the question remains: Is this innovation sustainable in the long run? Will Quacks disrupt the current dominance of Solana and base memecoins? Share your thoughts and join the conversation on the future of memecoins with Quacks! 🦆🚀 #Quacks #BSC #MemecoinInnovation

batang_bitcoin

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Quote from: fenixosup on April 12, 2024, 09:28:27 AM

I hope that memecoins will be dead sooner or later

Well, whether you like it or not, they're going to stay but many of them will be dead soon once the bull run is done and we go ahead to the bear market. But I don't want to be quick with that because there's still a lot of time for this bull run to exist and I haven't taken that much profit yet, so with that. I'm waiting for the great moment that this bull run might peak or even before that, I will be able to take some profit and then the market can do its own thing. Cheesy

Phoenixtrader

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Quote from: senyorito123 on April 11, 2024, 06:52:13 PM

Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

Recently, we've been seeing the dominance of Solana and base memecoins in terms of hype, community, investors, and all that. However, while scrolling through X on a usual day, I discovered there might be a change of narrative soon.

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

I believed it will be sustainable in the long run if investors continue to support this project without any doubts. Unlike with the shitcoins that has no exact projections of its roadmap, without concrete platform I guess that isn't makes any sense at all.

Taking over Solana, I don't think so because it's another type of asset that has a unique upbringing to world of crypto market. More whales trusted this platform, so it's definitely a stable type of asset same as the uprising memecoins.

True, the road maps and rebates to users gives the token some credibility you no. I already invested, when it debuted on Bitget, I hope more exposure would come for this token and probably it'll be on bybit, binance soon
https://i.ibb.co/1fjWyp0/1712937145024.png

fenixosup

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I hope that memecoins will be dead sooner or later

Yamifoud

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We're not sure how it affects the meme coins' momentum and also how it impacts over Solana but there is one thing I smell in this strategy, meme coins developers are here to make money, and they give everything they have just to see their plan become successful. But the question is if that is worth taking or not. I'm not going to question how sustainable these projects are because we already know that they are just for the short term. So therefore I would say that we have to take extra caution in choosing these projects and only invest the amount that we can afford to lose.

Phoenixtrader

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Quote from: senyorito123 on April 11, 2024, 06:52:13 PM

Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

Recently, we've been seeing the dominance of Solana and base memecoins in terms of hype, community, investors, and all that. However, while scrolling through X on a usual day, I discovered there might be a change of narrative soon.

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

I believed it will be sustainable in the long run if investors continue to support this project without any doubts. Unlike with the shitcoins that has no exact projections of its roadmap, without concrete platform I guess that isn't makes any sense at all.

Taking over Solana, I don't think so because it's another type of asset that has a unique upbringing to world of crypto market. More whales trusted this platform, so it's definitely a stable type of asset same as the uprising memecoins.

Thanks for your input, will keep watching and I'll revert here soon.

Iamcrypticguy

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Quote from: btc78 on April 11, 2024, 07:08:59 AM

Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

Or it might be a way to attract more investors even if it does not exactly benefit both the project and its investors in the long run.

Quote

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

Do enlighten me where would they get these rewards from? I don’t think they can support this kind of system for a long time and they are only doing it to earn more hype in its early days.

After seeing OP's post, I did some digging. They used the term 'frictionless yield generation,' derived from transaction fees, with about 4% of them distributed to holders while the rest goes towards burns and other uses. It looks good on paper, and I also noticed they've entered into a new partnership

image upload

adaseb

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Right now if you are into these meme coins then Solana is where it’s at. You can forget Ethereum, nobody wants to pay $50 swap fees anymore when they can literally pay half a penny.

Everyday there is a crazy meme coins which pumps like crazy for no reason. In the last 24 hours, guess what the top meme coin was? It was OJ Simpson meme coin. All because he died.

I don’t think this will stop anytime soon.

Bureau

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Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

Recently, we've been seeing the dominance of Solana and base memecoins in terms of hype, community, investors, and all that. However, while scrolling through X on a usual day, I discovered there might be a change of narrative soon.

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

Why then call it a meme coin? A coin with functionality cannot be called a meme coin as the reality is that meme coins should not have any function. The only coin as per my knowledge that had functionality is Dogecoin due it's usage in various domains. For example it is still preferred coins for gambling and most crypto casino do accept it.

If I were you then I would concentrate my research in finding out a new meme coin on the Solana blockchain. It is still one of the favourite chain for new meme coins. BSC will not have much impact for meme coins.

Mate2237

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Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

+

I like the innovation and it will be sustainable in in the future for all to adopt it. And one thing I am seen I. The altcoins side of the cryptocurrency is that there is a very strong competition among them. Yes as you said solana.is one of the renown altcoins in the cryptocurrencies world and if you are saying that "BSC memecoins to take over Solana" will o over take Solana coin, I don't think that will be possible even though solana does not have that automated feature now. The cryptocurrency we see today will even change many things in the future. Mostly when the competition becomes intense.

senyorito123

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Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

Recently, we've been seeing the dominance of Solana and base memecoins in terms of hype, community, investors, and all that. However, while scrolling through X on a usual day, I discovered there might be a change of narrative soon.

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

I believed it will be sustainable in the long run if investors continue to support this project without any doubts. Unlike with the shitcoins that has no exact projections of its roadmap, without concrete platform I guess that isn't makes any sense at all.

Taking over Solana, I don't think so because it's another type of asset that has a unique upbringing to world of crypto market. More whales trusted this platform, so it's definitely a stable type of asset same as the uprising memecoins.

yazher

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Since the Memecoins are on fire right now, it's best to have your memecoins as well especially when you are one of the top blockchains in the crypto industry right now. As of now, it's best to consider BSC memecoins to be one of the recommended investments and we all know that they are now just making some pump-and-dump coin here rather they have a working plan and they will surely update and develop it as long as people will continue to support their meme coins through investing in it.

Ben Barubal

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Quote from: crwth on April 11, 2024, 06:04:03 AM

Memes that have actual application? I think it is not by Quacks but by DEGEN. I think DEGEN has more hype and it's with the BASE chain and it's getting more hype, I think. It can be more if the BASE chain has more users. I think it will reach more and a lot of hype now is in here. With Coinbase being at the center, I'm not surprised if it raise higher in price and more people would use it.

Yes, you are right here in what you are saying. I can see good potential in this Degen. When I looked at him on Coingecko, it was only 3 months ago that the size immediately raised his price value, to be honest. It just started at 0.00002 something, and now it's at 0.06 something per coin. https://www.coingecko.com/en/coins/degen-base

I didn't hear about it right away this January; those who invested here in the month of January won. Too bad, I have missed a coin like this again; recently, I also missed the Bome one and now this one.

TravelMug

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Quote from: salad daging on April 11, 2024, 05:27:05 PM

Memecoin will be sustainable at a time when with the hype there is a new narrative many fomo and investors are jumping into it especially memecoin solana network.

It's just for the pure hype nothing more. But after the market has been saturated and it has been pump and dump so hard that money is flowing, sooner or later it will have to go down or even die.

Quote from: salad daging on April 11, 2024, 05:27:05 PM

I don't know Quack's memecoin although it has a feature where as a holder will get a reward but the name memecoin will not guarantee the price to go up I don't feel this is good enough to say sustainable because when the hype has subsided memecoin it will die.

I'm not brave enough to risk money on these memecoins obviously the risk of losing is higher almost the same as gambling.

Meme coin will be meme coin simply as that. Not against them as there are people who can make money out of it. But for real application? No, and with that, I don't see them being sustainable for the long run, sorry to burst the bubble specially to the OP which looks like trying to shill here.

salad daging

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Memecoin will be sustainable at a time when with the hype there is a new narrative many fomo and investors are jumping into it especially memecoin solana network.

I don't know Quack's memecoin although it has a feature where as a holder will get a reward but the name memecoin will not guarantee the price to go up I don't feel this is good enough to say sustainable because when the hype has subsided memecoin it will die.

I'm not brave enough to risk money on these memecoins obviously the risk of losing is higher almost the same as gambling.

kentrolla

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Be it on Solana or BSC chain if the project has something to offer it will thrive else it will fail and especially memecoins I don't find any reason to invest in them apart from one reason it may give huge returns as it's pump and dump but this cannot be a valid reason as it's a matter of luck. I feel it's one more cycle of hype which we have been witnessing for a while, we should rather focus on roadmap and whitepaper of the project rather than theme or genre.

goaldigger

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Depends on its hype and since it’s meme season again, we might see BSC meme tokens to follow other meme tokens. This is just a trend now but still no guarantee and not an easy profit, better to think again if you are going to invest with the meme token, because not all are worth the hype and you might lose big if you carried away.

livingfree

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Just because you've seen another meme being posted by someone over X that's on the BSC, you think that there will be a change in narrative?

While, I'd believe that there will be some change but not because of that reason. This is crypto market that every narrative changes so quick while it lasts.

The meme coins that are trending through the solana network won't be lasting there for so long. But as long as they're popular and making a lot of attention, it will take time until they lose that momentum.

ryzaadit

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I don't thinks is matter.

MEME Token are still MEME, no matter what chain they're using. However, as long the fee are still low and the token is about MEME (Network not really matter from my perspective). Because they're depends on the HYPE, not because of that.

1 month HYPE next 3 month will died and going to zero. It's always like that, everytime they release.

cryptoaddictchie

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Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

Isnt that the kind of reflective token? Cause I have a token the same that they are giving daily rewards to the users who are just simply holding on their wallet and those rewards are earned based on trading they setting up some contract with different percentage on what would happened on the fees. Like burning/rewarding holders/ or other features. This is another attractive method for users who wanted a passive income as long as there are many users that into it. But also quite risky if theres no demand or potential investors.

asriloni

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Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

Recently, we've been seeing the dominance of Solana and base memecoins in terms of hype, community, investors, and all that. However, while scrolling through X on a usual day, I discovered there might be a change of narrative soon.

This narrative has been used many times by various scammers who issued deflationary tokens. Nothing surprises if this is another garbage idea.

Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

It's been a long time since the last time I saw deflationary tokens exist in the market. From what you said above and it sounds like a terrible token. Holders are rewarded without staking, so the reward inflates the supply of tokens in circulation and this dumped the price of token.
How can this token stabilize its price if there will always be more tokens in circulation? It sounds another piece of shit.

Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

It's not even an innovation. I'd like to call this a soft scam.It's obvious that you said that the token is a deflationary token, but it's not even burning the token or decreasing the supply of the token. it adds more token to the circulation through distributing it as a reward to the holders.

mk4

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Most memecoins that actually implemented functionalities end up dying down instead of going up as most people would think. Let memecoins be memecoins — not to be taken seriously, and just owning it because why the fuck not.

The only memecoin that has some sort of functionality(tipping) that is likely to have staying power is DEGEN on Base imo.

Tipstar

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BSC meme coins are already a dominant force and as there are cycles going on for pumping meme coins there might come times when BSC meme outperforms Solana but in general, Memecoins on Solana are having more success than any other network. More serious projects do have more relative success in BSC L2 and ETH L1. But meme are now dominated by Solana.
If we look at the volume last 24 hours, Solana based meme like dogwifhat, bonk, bome, mew are in top 10. Base is another network that has been gaining momentum in meme coins.

Reatim

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It seems to me another hype that is not gonna last long even if it does I don’t think it’s going to take over solana with the amount of things solana has achieved in the past few months. If this project is so determined in taking over solana then it would take a long time still and a few mistakes from solana to do so.

JeffBrad12

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to be honest these time around meme coin that are in BSC always have miniscule market cap gain over the course of the year really different if compared with solana and base so im pessimistic that BSC meme coin gonna take over solana anyway even I don't think that there's something hype that got released in BSC anyway therefore im not in hurry thinking it will take over solana.
i'm more invested in base at this point where there are so many hype NFT and meme coin in that ecosystem.
also like the meme coin you mentioned it just seem overall a disaster of an economic model in my opinion i mean incentivizing people who holds the coin, it sounds great at the beginning just holding you earn something but what about 5 years forward, doesn't the total supply gonna inflate so much? meme coin in general that are popular enough doesn't need this kind of gimmick, they just get released and explodes.

btc78

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Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

Or it might be a way to attract more investors even if it does not exactly benefit both the project and its investors in the long run.

Quote

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

Do enlighten me where would they get these rewards from? I don’t think they can support this kind of system for a long time and they are only doing it to earn more hype in its early days.

Coin_trader

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Quote from: Phoenixtrader on April 11, 2024, 05:59:27 AM

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

They received rewards for what? Staking rewards is given through not selling their tokens by locking it on smart contract while the feature you mention is literally just airdropping rewards without doing anything sounds like a ponzi to me.

Memecoin is already a thrash for being a meme coin with a sole utility of staking. They are not sustainable in long term because the liquidity for rewards will depleted when no one is buying anymore.

Quote

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

This is not an innovation but rather another scam scheme to attract buyers for useless token.

crwth

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Memes that have actual application? I think it is not by Quacks but by DEGEN. I think DEGEN has more hype and it's with the BASE chain and it's getting more hype, I think. It can be more if the BASE chain has more users. I think it will reach more and a lot of hype now is in here. With Coinbase being at the center, I'm not surprised if it raise higher in price and more people would use it.

Phoenixtrader

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Recently, we've been seeing the dominance of Solana and base memecoins in terms of hype, community, investors, and all that. However, while scrolling through X on a usual day, I discovered there might be a change of narrative soon.

I saw Quacks. It's a deflationary memecoin on the Binance Smart Chain (BSC). One thing that caught my attention is that holders are rewarded without staking, and it's automated via smart contracts. I think some popular memes don't have this feature yet, rewarding community support. This could give QUACKS an edge, in my opinion.

What do you all think about this innovation for a memecoin, do you think it's sustainable or not?

Topic: Time for BSC memecoins to take over Solana? (Read 195 times)