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When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.

Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.


A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).

And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.

I can tell you that some of the people who do the marketing may not even know the difference. They may be focusing on the tone of “coin” not knowing it’s meant to have its blockchain to be called that. And many people who are also consuming the information and jumping on the hype may not know the difference between both.

Not just most “memecoins” (cause it’s really weird to say “memetokens”), most altcoins in general are tokens. 10% or less are coins.

Actually you are right about that most of the memecoins are tokens because they are based on another network. For example, Solana based memecoins. For me, it is not really a problem whether they'd be called meme tokens or coins, we are used to call them memecoins so it is not a problem to think of. What a problem to think of are the memecoins that have their exit scam plans. They are hard to find because they are hype and community based and later on they will habe their exit scam. And this should serve as a warning to the memecoin investors.

Whoever coined (no pun intended) the term “memecoins” really made it stick because I bet a lot of investors would not be able to tell you that memecoins are not actually all coins. Nor can they tell you the difference between coins and tokens.

I think this is a very important factor to consider especially if you are looking to invest on that particular coin. It might be one of the indicators of future performance.

It is not coins and it is not a meme, only name and logo are the meme, but other than that, like all tokens in the market, it is based on advertising to pump up the price and use the high price as an excuse to attract more investors.
It is not a token, as developers transfer it from one blockchain to another whenever the other blockchain is profitable or cheap.

Who the hell is saying that if meme was a coin? I think that if you must understand that if sometimes it's not a lot of people are caring so much about whether meme is a coin or token. They were calling it based on what they wanted.

I think that you don't get it. There were some meme coins that are really coins like doge coin. This coin owns his own blockchain.
It's not all of meme was token but some are coins with their own native blockchain.

Have you ever forgot that if doge coin was a meme? I think you forget that. The better for you to go to the doge coin thread and see the main purpose of doge coin creation more than a decade ago.

True. Majority were tokens but doge coin is a coin.

A coin based on a side chain is generally called a token but there's no rule that prevents us from calling it coins. There are less and less coins with their own blockchain and still we call all of them cryptocoin. It's good to know what has its own blockchain and what not but technicality of strictly using the term coin and token are not worth it.
Ethereum first introduced the token system in blockchain but they used the term sub-currencies for coins that are generated using its token system.

It's good to point that out but either way it doesn't matter.  Coin or token they are all created to do one thing, try to enrich a select few while leaving everyone else broke.  I have found one of these thousands of projects that actually had a viable solution to anything beneficial.  Greed run sector.  People will get burned.

@OP, apart from being a newbie to cryptocurrency, every other old member of the cryptocurrency community is supposed to be aware of what memecoin is. Apart from Bitcoin, every other coin or token is referred to as an altcoin. The name memecoins only emanated from the symbolic representation of the coin or token, and like I said above, every cryptocurrency enthusiast is already aware of the difference between a coin and a token; it is nothing new.

As we all know, the first memecoin is Dogecoin, and they have their own blockchain. Because the symbol of the coin was a meme and they had their own blockchain, it was called a memecoin, from which the idea was drawn to create other memetokens, but people are now generally referring to all those altcoins that have a meme symbol as memecoins while it's not supposed to be so. I remember that a few times I have been specific to say, "memecoin and memetoken".

Any serious person considering to put money on either memecoins or meme tokens is pretty much aware of that. It is something which one learns very quickly when getting introduced to the market of decentralized assets like these ones.
My personal explanation on why meme tokens are called memecoins anyways has to do with the fact that in the beginning of the history of alternative currencies, Ethereum was not still a thing and most coins had to run on their own and indeoendent Blockchain (as you mentioned) during that period of time there were only memecoins, being Dogecoin the maximum representation of that small trend. The name stuck in the mind of the collective and continues to be used up to this day for both people who know the difference between tokens and coins and by those who do not even use Cryptocurrencies but like to talk about what they have read on the news.

As long as one is aware of what one is buying, then there should be no problem on nomenclature. There other more important things to worry about, like speculation, cyber security and the leaders of the market.

And these new memecoins or all memecoins after Dogecoin are just the same that copied from original memecoin which is Dogecoi. And since these memecoins are just tokens while Dogecoin is a coin, it just clearly shows how Dogecoin is the original memecoin.

Who cares? Investors do not even care about withdrawing these tokens outside the platform. They care about the price, the rate of change and the rate of profits. Anything other than that is not important. Onchain transactions for these currencies are limited and liquidity is concentrated centrally, which makes them more central tokens than cryptocurrencies.

That's true. There are definitions about coin and tokens in crypto and they are used in almost all formal settings but the general people don't distinguish them as such. For them every meme coins are tokens are simply meme coins. One of the reason why people call all of the tokens and coins as coins is the way it's being traded on centralized exchange. There are no difference between a coin and a token when you are just trading inside a centralized exchange but the distinction is felt when you try to withdraw or deposit the said coin. And with every coins even having a pegged tokens in other blockchains, it's really difficult to call them apart.

the meaning behind token and coin in crypto market kinda blurred right now, the word meme coin come from the fact that there is a coin with its own blockchain that is doge coin.
then later on people just consider any token whether its ERC20 or other protocol from other blockchain that have characteristic of a meme coin with name as such because most meme coin holder don't really care about the underlying technology that make up their favoured meme coin anyway.
but yeah most meme coin creator just interchangeably use the word coin and token just because it has always been like that.
though I see no problem with this since its just a term that often being mistaken but i'm sore people who are experienced in cryptocurrencies and have the knowledge know instantly the differences.

That is why, I prefer to invest in coins like Bitcoin, Ethereum, and Dogecoin which am very comfortable with what am going to achieve from them in the future, because they have a strong team that always works to ensure their investors achieve good income from their holdings in every season. Those that invested in Ethereum last two years and hold till this year, they have achieved a huge amount of income from Ethereum investment, because the price of Ethereum increased higher to reach $4000 to caused long term investors and short term investors to accumulate income. I have seen many investors investing a huge amount of capital in some tokens hoping that they are investing in a profitable coins, because they failed to carry out their personal research to know the type of memecoins they are investing in the market, and they have experienced a lot of losses from tokens.

Yeah but I think it's the most advanced and till now the most successful marketing strategy so far. People are very much attracted to these kind of meme coins and when they invest in meme coin they get to know that their performance depends upon the real project of whose the meme coins is.

Now what happens that people start to take interest into the main project because of its linkage to meme coins and in this way meme coins market the real project.

No doubt. That's just the truth. Lot of Memcoin investors don't even do research before investing, they only sticks to the making trends where coins are hyped unrealistically to what's speculated about it.
Literally it's important to study a coin such as their potentials and undermining their categorized blockchains. Because Blockchain could determines the value of the coin if it's worth relied on or not.

Bitcoin has made the word "coin" to be popular among every altcoin, so they're all refered to as crypto coins out there, it's only people that are experienced investors and traders that really knows the difference. Before coming into the crypto space, most of us referred to every crypto as coins, because Bitcoin is a coin, but whether it's a coin or token that a person is holding, I think that what matters is for it to be profitable for the person. As far as the name memecoins goes to describe all memes, I think that it's just a name, the buyer knows whether it's a coin or token that they're buying.

Meme project have alot of set backs e.g like the lack of availability of a foundation like blockchain that you mentioned to run on and even at that their don't have any ecosystem only based on hypes and the rest of it this is not what a project should look like and that is the reason most and all the investors take memecoins/tokens as just gamble and object of speculation.
This nature is what make the era of memecoins to be just speculative and based on hypes and this is not just an assumption on the nature of meme projects because most of them just design logo and name then start promoting them to mainstream market just to attract attentions of investors, mean while there nothing but hypes and gamble.

Most memecoins start as tokens on existing blockchains like Ethereum or BNB Chain. This is because using an established blockchain provides security and better chances of success. However, if a memecoin gains huge popularity, it can later create its own blockchain and become a real coin, just like smart contract coins like Tron, EOS and BNB did after launching as tokens initially.
I think the key is understanding if you're investing in a permanent token or a potential future coin.

Dogecoin is the original meme which is called a coin because it has its own blockchain all memes now imitate dogecoin but memes are now on smart contract networks which anyone can create easily especially on cheaper networks such as BSC and Solana many meme tokens are scattered but they have no function at all.
Meme now only utilizes the eligibility that is hype if there is no such thing then meme tokens will not be valuable at all.

The term "meme coins" has been used by many investors and became popular hence, it was called meme coins, but you're right.
Meme coins doesn't have it's own blockchain "EXCEPT" Dogecoin that has it's own blockchain already, and Shiba Inu is the next on the list (based on a quick google search).

Just imagine calling them "meme token". It's a bit awkward at least for me because the it has been called meme coin and it became popular. To sum it up, a meme coin being called a coin or a token doesn't matter for an average investor especially if they believe that they will make profit in investing in meme coins. :D Nobody cares whether it's a coin or a token. What matters is profit for most investors. :) That's the reality.

Yes, you are right, there are lots of memecoins out there circulating, so currently the term memecoin is very popular among crypto users, but you need to know, especially for beginners, that many memecoins are currently in the form of tokens, so you have to be careful when choosing a memecoin to use, it's best if you are still a beginner, just look for and choose an altcoin, of course an altcoin that has been registered in several exchanges, and even better choose an altcoin that is in the top 10 CMC.

so basically, its only dogecoin that passes the criteria for being a memecoin. the rest are meme tokens. they do have a reason for this since it is easier to add these meme tokens on DEXs than the memecoins having their own blockchain.

easier to pump the memecoins on dex, the team itself can try pumping these meme tokens and as soon as people buy them they could just dump their tokens to those who think they could make money out of it.

This has been settled for some months or years back and it was clearly state that any coin that is not bitcoin, it is an altcoin and it is spelled as alt and coin, therefore it is a coin. But I am trying to like your explanation because really there some airdrops or memecoins that are not coins. Like you said coin must has it own Blockchain chain and community or forum and but airdrops or memecoins do not have that instead they survive from another platform and like the examples you gave is very good. BNB, and others are not coins per say but a token.

But from my view point Ethereum is coin because all the elements that qualify cryptocurrency to be a coin, it has it. And not like others tht you made mentioned that is not a coin. Solana is also a coin. Though I understand your point of view but when you critically look at it Ethereum is a coin and not a token.

ETH was just labeled as a smart contract platform but is not distinguished as a coin.  everybody seems to call it a token though.

i'm not sure where the subject is going though. if this is to tell people not to invest in the memecoins/tokens because they are using L1 chain, i think this will still not be heard by those people. all they see is $ and if WIF is worth $3.40 at the time of this writing. i think they are already seeing it will jump to $4 soon.

Most fans of these meme coins know that they are shitcoins, and it does not matter if the token with own blockchain or is based on an existing blockchain. These investors know very well that they are tokens with no unique uses, and anyone can copy the source code of any meme coin while modifying the name, logo, and total supply and then launch it. These memes would have an unlimited and extremely large total supply, and none of these meme coins may have any mechanisms for burning tokens, which could make them inactive for years and may turn to zero or lose 99% of their price value. They use these meme coins as gambling and dice for speculative investments, which pose a great risk to holders and are susceptible to manipulation and sharp dumping. They disregard the risks and dream of achieving unrealistic returns, disregarding any other factors like the risks, names, founders, or anything else.

I think you’re misunderstanding the whole thread mate, OP isn’t talking about Altcoins not been coins but rather he is referring to some of them as not qualified to be tagged an Altcoins because they do not have their own parent chain like the likes of Ethereum, BNB and Solana, but rather they are tokens build under this coin’s blockchain. Also the term airdrop shouldn’t be in same category as a memecoin. An airdrop is just a giveaway or reward giving by a project developers for the work or engagement the users did on the project.

Memecoins are just usual coins/tokens but under this classification based in their meme like name or logo. They are mostly pump and dump coins/tokens that shouldn’t be regarded as coin for investment.

aside from that the complexity involved in creating their own blockchain might also be a problem, its different to back then when people just can fork existing blockchain and just rename it, right now if a meme coin doesn't have special innovations or let say altcoin in general where they want to deploy their own blockchain if they don't introduce innovation which usually is really complex to implement using the more modern blockchain that are having smart contract feature they more likely to fail.
most of the devs of meme coin just can't afford to do that.
not to mention that most of meme coin deployed right now are just being deployed using certain tool that don't require coding its just deploying erc20, give it a name and logos and call it a day.
thats it, thats why most meme coin right now are just tokens.

Honestly, people investing in them barely care about this because all they are looking for is some quick profit or a dream to become rich overnight, so they don't do any research or try to know whether they are investing in a coin or a token, they just do it because they are in a rush to enter as early as possible. After all, there is a common misconception among newbies in this industry which is that those who enter a project early tend to gain a lot of profit.

Memecoin investors don't even check the projects or people behind the tokens they are investing, they just hear it is a meme coin and that it is being marketed, and they make an entry without a second thought. It seems as if they don't care about their money and they either got it for free or won it from gambling or something because hard-earned money can't be invested this easily.

While I admit your explanation on what's obvious, I also want you to know that most usecase altcoins you know aren't coins actually but tokens. They don't have their own chains yet. They're floating on the chains of others. For me, that's not a bad thing, anyway. To be sincere, it doesn't change a thing for me provided they present themselves as viable investments.

All tissues are kleenex
All photocopiers are Xerox
All memecoins are coins.
and so on.
It's just the way it is and as others have pointed out earlier in this thread 99.999% of the people using and trading them for some quick profit and don't care.

Not quite the same but.....
https://www.youtube.com/watch?v=rRi8LptvFZY

-Dave

I think that the genesis of all cryptos in the meme category being called memecoins could be because the first meme, being dogecoin, is a coin, so the name became a catch for others in the meme category, whether it's a coin or token. I guess what matters to memecoins investors is making quick profits whether it's a coin or token doesn't really matter.

I think that Shiba Inu, is next in line like you said, to become a coin like doge, they're planning to launch their own Blockchain, which is a good innovation by their dev. team. There's a thread about it on this forum.https://bitcointalk.org/index.php?topic=5495467.msg64042641#msg64042641

Your are right, but at the same time all of those people do not really care, what they care about is the money they could make with by investing in those “coins”, so they do not care about things that to them are only a technicality or semantics, because at the end nothing will really change, as I doubt that any meme token that is calling itself a meme coin will change it just to try to be as accurate as possible when describing the project, since if the developers can lie a bunch of times on the white paper, I do not see why they cannot lie about the nature of their token as well.

I agree with you. The only meme coin I trust is Doge. Doge has its own network and is the most trusted meme coin today. To be honest I don't like meme coins built on smart contracts. Because it is easy to make, there are many scams from meme coins. You can see news of people losing money because of meme coin projects which, when they are listed on the stock exchange, will be thrown away by their developers. But people don't care because they are tempted by the news of someone who can earn millions of dollars from meme coins.

It is true that we are not always going to talk about the same thing, but it is just a term and not really talking about the way of it. Memecoin is just a term that we are talking about, shitcoins are also not real shit :D. But that is what we call them and I think it's fair to say that memecoin is a good term for them, while they are being a token, we are going to end up being a lot more importantly focused on the real fact, which is that they are all nearly worthless.

As long as we believe that and realize that then we should not be realizing anything else. I believe that we should not put up even a single dollar into any of them and we could probably make as much money from other stuff as we want thanks to that. I believe that's the way out.

Well, it's used interchangeably by people who don't know the intricacies of it, I myself just use coins in general for memecoins cause why the hell not, and in reality it doesn't really matter. Most people only take in the idea that memecoins = quick profit in the short term. Pretty sure most investors wouldn't even think about how a building is made, they just think about how that building can bring profits to their businesses. Same idea here.

Wouldn't even be wrong to categorize memecoins as a pump/dump coins really.

Developers and team behind Dogecoin are doing their best. Dogecoin was once regarded to be one the top trends in the market based on the involvement of one top investor and also a whale in the market. He single-handedly control the crypto market, more like manipulation because he bagged in huge quantities and also sell them in such high values. We're referring to Elon Musk who's regarded to be the CEO of Dogecoin and have made several measures to boosts the project with his social and also led to the influence of other top eateries to accept Dogecoin as means of payment.

This has been established already obviously, but saying "memetoken" is not that common, so people just say memecoin instead, or basically you can call them all shitcoins. To be fair all memecoins are shitcoins but not all shitcoins are memecoins, which is why calling memecoins shitcoins could confuse some people.

However, I can guarantee you that there is not a single one meme project out there which is worthy of investing a dollar, and I mean literally just a dollar. You throw a dollar into street and don't care, but it wouldn't be even worth as dropping your money on the ground, at the very least if you do that then you know it's gone, but if you buy meme project, you have hope, which causes even further damage emotionally, totally worthless.

Even now some people are still calling it as a token and not a coin but one I know in the cryptocurrency industry, their are stages of every project. It's like they started from the stage of airdrop to token and from token to the final stage which the coin . And once it has approved as coin then it has become well known and I thought from the beginning of the Ethereum creation, it was using L2 and not L1. It is Bitcoin that uses L1 .

I have not heard of this WIF and the market price is good. It is $2.89 and which means altcoins prices are following the movement of Bitcoin because as you said the price was $3.40 as of the time of you making the thread and now that Bitcoin price has come down all other follow as well

Okay, thanks for the correction. And really some of them are not qualified for the altcoins family and they are there just feasting from the main altcoins that have their own parent Blockchain and those are the causes of the altcoins networks congestion. Ethereum and Solana networks have been congested for months and all because of those memecoins.

Well, in my personal experience, Tokens are more likely bound to fail because most of them are not created well to improve something or give solutions to any existing problems of the world rather they were simply created for the current trend and they are supposed to be not to continue their development after the trend is gone just like the NFTs a few years ago. With this kind of scenario where Memecoins are the trend nowadays, investors should be vigilant and not get hyped quickly just because a certain Memecoin's price is increasing rather continue to observe and do their research if the persons behind it are trusted or just simply bogus.

He and other cares. I don't really care about it but there are times that I'm also wondering on why they are called meme coins even though most of them are in fact a token. It's only normal for an investor to make withdrawals and it doesn't matter if what platforms are that. As an investor (doesn't matter what coin it is) it's also normal to care about the price and the rest that you said there.

There are still other things that are also important like having a back-up of our seed phrases but maybe it's true that many of them can disregard it due to much FOMO in the meme coins. We already know that meme coins/tokens are centralized and this is also due to their limited supply and small market cap.

coin or token is not a problem at all, because the scale and quality of each project is different, so the development direction will also be different.

But as you said most memecoins are deployed on ecosystems that are used frequently by users. Perhaps the popularity of some memecoin concepts in the cryptocurrency space is causing attention and attracting a lot of money to it. But in essence, it is no different than a lottery game. Thousands of projects will launch, some will make a splash, and maybe over time they will gain the community and position to continue developing. Other plans involve blockchain. But this field always has more potential risks than opportunities, and anyway, it is each person's decision to invest.

Its the basic thing but it doesnt matter what are those terminologies because those degen traders or meme loves wont really be caring about that detail because they would be coming after with those 100x or 1000x.  :)

Just getting in line with the topic then its normal that those meme coins would really be tokens using up other chaings which we do have wayback with those BSC memecoins and now the current trend is running around on SOL and with CORE on which if we do tend to look into those DEX the the volume on which these memes are creating which is really that huge.

Just like on what i have said earlier that they wont care about those term as long they do make huge money this is where their main priority on which its a common
approach to those degen lovers.

There's no problem as long as they have the usage and investors sees their potential because even a token can also pump higher just like the tokens under ETH network before. If the meme token are using the top blockchain technology, then probably the team are trying to attract bigger investors as many are also considering the blockchain technology before they invest on a project. Again, meme tokens are a hype projects and not all are worth to invest, don't follow the hype that much.

Is it not completely subjective what shitcoins are?

Some people can find valuable memecoins and make profit off of it. I know a huge number of memecoins end up with a pump and dump however some seem to have been staying longer than expected and are continuing to grow. I guess we just have to find the good memecoins instead of generalizing all of them.

Not all memecoins are net negative when you're talking about the market values but if we're being honest with ourselves while discoursing about the fundamentals, memecoins are net negative for the space since they give off the narrative that crypto is a get-rich-scheme. What are catcoins? Dog coins? What's the contribution of such projects to the space? Nada. But as everyone else, I want to make money much more than I want to be right.

as bogus as it is, meme coin sole purpose of creation is to be a tool for speculation nothing more, just creating meme coin in form of token in already existing blockchain serves for efficiency, so it doesn't need the over head of creating its own blockchain which gonna take resources if its purpose is just for speculation i can't see any other reason to create meme coin in other form other than in token where its the most easily deployed.

if you've seen of many these meme coin, people care more about the prices fluctuation that could give them profit than whether its just a token, because it serves no purpose, when in other project such as layer 2, we talk about technology because thats the main selling point of the project.
meanwhile in meme coin, the main selling point is always shill, hypes, the randomness and price volatility.

This is the reality of the situation, if having its own blockchain was important, we will see meme coins that did not had that feature to disappear and be replaced long time ago for meme coins that did, since this not only did not happened but it is also not in the process of happening, we can conclude it is completely irrelevant for the development of those coins, and it is not surprising this is the case, since the target investor for those developers is someone that does not really care about the fundamentals of the coin in which they are investing.

Meme coins is good for ecosystem, and can onboard new users