Do you think memecoin can turn into a token with utilities?

[teamsherry]

It woudl definitely be a difficult thign, most memecoin are just made for profit sake, some win and some lose, its always a gamble when dealing with them, so I don't think a memecoin can have any real utility unless  maybe it would be a play to earn games or some other business network that has a means to ensure that the name if the memecoin stays valid and remain useful.

[Bournesparks]

so don't you think it's good to have such usecases for a memecoin like this? as giving holders more options to hold?

It's good as long as that use cases would be giving positive impact to the tokens. I meant something like the developers were generating the fees from the players and these fees can be used to buy back the tokens in the market. This is what shiba inu has done but the demands for the utilities of meme tokens are fewer.

As you can see that shiba inu developers have been developing so many usecases for shiba inu. These usecases are

1. Shibarium (L2 blockchain)
2. Shiba game
3. Shiba verse

Many more. The main problem is how can you make players are feeling interested to use your tokens? This is the biggest question that is remain unanswered at this moment.

As long as laika is not only focusing to develop utility, but the team is also focusing on how to make their tokens valuable. It's worthy to buy. It's good to have usecases.

I couldn't agree more.. let's see what Laika has in-store.. not confident in memecoins long term, but it's a good bet for short term. Will explore platforms it's trading on and get a position. NFA though .

[DiMarxist]

Yah! Memecoins are here to make profit and not to buy something online. And that is why most of them can't survive in the ecosystem because their aim is to make profit through the investment and it is not easy to make profit because the demand is is not high so with that those who invested earlier would also withdraw their funds back and when the developers see that nobody is investing for them to make profit then they would withdraw the remaining balance and that is the beginning of the project crashed.

[oktana]

I think DOGE is a good example of that. And asides from DOGE, It is very possible. What it takes is an innovative mind and a team of developers to implement it. In respect to LAIKA, it’s a sad thing tat despite all you’ve mentioned, their token value has just a lot of zeros before an actual number and I’m guessing it could be because of their token supply of as much as 1 trillion. Not sure what’s going on but their site too is under construction.

[Wildwest]

Of course some meme coins have other uses, there shouldn't be a lot of choice or play because there are many projects like that. In the last few months many meme tokens that were supposed to be created as jokes have been developed in phases that we never thought of before, with so many of them we don't know the risks that will be experienced after the bubble ends.

[Webetcoins]

What’s the utility for DOGE and SHIB? They are just a normal meme coin with a great hype and great amount of investors but in reality there’s no utility for that coin. If we are talking about utilities here meaning there’s a usage for it and serve its purpose, but meme tokens are not created for this as they are only meme and their purpose is for the hype only and not about the utilities.

No mate. Doge has utilities and even real life use cases. Can be used as payment services, there's also doge chain. For Shiba There's shibarium.. it's not like the conventional coins but it's something!!..

By his definition of utility, I agree that DOGE really has it because some people are using the coin for gambling. I heard there are also shops that supports it, so for sure, there are also people who use the coin there. Utility can be the same as use case, and I can't think of any utility or use case anymore that DOGE can be used with aside from what I've mentioned there.

I think I've heard that DOGE chain before but I think it's different from the original DOGE, or their creators rather are not the same. While for SHIB, I think it's theirs. Indeed it is something, (E.g. something special) and I think this have contributed SHIBA for quite some time now.