How are they doing this?

[bitLeap]

According to my experience, usually a project publishes the project, because it already has personal advisors and investors who can run the project smoothly. but even though this often happens, it's also not uncommon because the policies of the project are good, so many foreign investors are attracted and join. and it should be underlined that not all projects with big investors are always successful.

[kryptqnick]

Hi

I see lot of new coins mostly meme coins originating out of nowhere and then creating a crowdsale on sites like dxsale unicrypt and pinksale.

I mean they register a domain name today and then create website instantly and then they are raising 100-1000 BNB immediately.

How are they doing this?

How and where are they getting the buyer from?

Is there a secret to this?

Also what is the correct way to gather community members for a new project?

Honestly, I would take this information with a grain of salt. What I mean is that a website of a new ICO or whatever can easily claim they've raised 1000 BNB, but where's the proof of that? It can be just a number on the website with a sole purpose of attracting actual investors who might see how fast the numbers are rising and invest out of fear of missing out. Another scenario can involve an actual "investment", but not in a way you might think. If you think about it, ICOs are perfect for money laundering. So imagine you have some illegal funds on your hands, but you need to somehow make them clean. You launch an ICO in a place where it's officially not forbidden. You send your own illegal money into the pot, as if it were something investors sent. And here you go, now your money is officially laundered because it's the money you raised for your project.

[LogitechMouse]

How are they doing this?

In every investment, there will always be newbie investors who are easily attracted to these new projects.
High APY, burning mechanism, dividends just by holding. These are just some of the few ways to attract these newbie investors and sad to say, there are some who are falling into it and there is nothing that we can do about it.

How and where are they getting the buyer from?

Online. Like I said, they are just inputting some flowery and attractive words that can attract investors to invest into their project.
Right now, these meme coins are just the same and to my surprise there are some who became successful to gather some buyers to support their project. Most of them though ended up as a dead coin or a scam coin.

Is there a secret to this?

There is no secret into this.

Also what is the correct way to gather community members for a new project?

Advertising into different social media platforms. I think that is the correct way to gather community members. TBH, I don't know how some meme coins are gathering tens of thousands of members in their channel especially in their Telegram. Its also possible that most of their community members are paid just to join in their channel.

[TheUltraElite]

The majority of the population of the earth is stupid.

This is also the reason behind a large number of social problems in this world. Politicians also want to keep their population to remain illiterate and stupid so they can run their propaganda. The only solution to this is having a logical mind and learning new things everyday and using the knowledge to question others motives.

With that mindset nobody would actually trust memecoins and their creators anymore. Heck they would not give their money to any ICOs or keep their coins stored in exchange wallets when they dont need it.

Come to think of it, illiteracy or lack or knowledge is the big reason why scams run rampant. Hence our approach should be to educate and inculcate the art to detecting such worthless projects by new entrants of the market.

[V-t.Ester]

A lot of meme-coins are a bubble that once will burst. Have you seen how most recently the “SquidGameToken” scammed? Creators of this coin saw that film becomes very popular and quickly on hype have made meme-coin “SquidGameToken”, invested some amount of their own money to pump the token and to draw attention. Then, when traders on hype invested quite huge amount of money, suddenly dumped this token. I think that the similar scheme are using other creators of meme-tokens scam projects.

[CryptoWebDirectory]

Anyone can probably get listed on some of those sites if they're willing to pay a few bucks. For what they're making by getting listed on them, even if it cost them $250 USD to get listed and exposure on some ICO or crowdsale website it's nothing. They can also run a little airdrop or bounty or something and boom, now they're getting a bunch of free promotion. Spend a little money on that and make it go viral and it's a wrap. Sad that people do this kind of stuff, and if you're really looking to invest in things like crowdsales or ICOs it's probably best to find some sites, research them almost like you would a coin, and only use the ones you trust most.

[Queenboss]

It's actually not surprising to me because I've seen something like this happened in the past. I recall the season of ICO's when projects were springing up right, left and center. There were always people who fell for their gimmicks because of the notion that they would make unbelievable profit from the projects. I really do hope that more people devote their energy to learning before investing in the cryptocurrency space.