What's the secret sauce for a good memecoin?

[kryptqnick]

I think a memecoin should be based on a good and relevant meme first. I'm not sure the meme has to originate from your team, as long as you're the first to monetize it with a coin (or does copyright actually apply to memes?). Most memes aren't very useful, I think, because a meme must have a very short name and not be short-lived itself. Then, there's a part that you can't affect much, but the secret sauce is an influential supporter like Elon Musk. So it has to resonate somehow with people who have huge audiences and can thus lead to the pumping of the coin.
In any case, I don't partake in the pump-and-dump schemes and don't like meme coins rising up unreasonably. I'm sure many people are like that.

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[bitbollo]

I'm currently involved in small memecoin project which fairlaunched on the FTM network and we are currently struggling to get good growth. We have around 350 holders and a few reliable meme makers doing their thing on twitter slowly pushing up our follower base. We've got a modest marketing budget but don't want to blow it all at once.

I'm interested in getting tips and advice on what worked best for some of the more experienced members here.  We have thought about Giveaways, Youtube videos, reddit crypto moonshots posts etc..but not sure which to focus on. Any advice appreciated! 

I believe that the secret sauce is "good marketing" not improvised.
Plus the ability to know how to manage social networks to be able to go viral.

But be careful it's not necessarily enough. In the end we take care only for those who have been successful and not those who have not made it.
It is not a trivial thing because many coins have had bad results turning into... scams!

[Sterbens]

I think the key to the success of meme coins is having a large capital strength, when the market is red and they can pump then this will make investors continue to observe meme coins, capital strength is very important to keep prices from dropping and will make meme coins more popular.

Indeed, capital is important. But from your point of view, having a bear market then pumping it doesn't make the meme coin one of the most widely-accused accusations of price manipulation? Then suddenly dump is a common thing that has dropped a lot of losses for investors?

Is it just because doing a pump makes investors enter at the highest price and take profit? There is no concept of trading or investing if you need to buy at a pump price. Such carelessness will only make other people dislike meme coins even more.

[sulendra12]

I'm interested in getting tips and advice on what worked best for some of the more experienced members here.  We have thought about Giveaways, Youtube videos, reddit crypto moonshots posts etc..but not sure which to focus on. Any advice appreciated! 

When we are talking about memes, the memes should have spread thoroughly to more users. It's not memes when it's not recognizable by people and people doesn't know shit about that. Take a look at Dogecoin, Dogecoin has known as a meme doge a long time ago and the existence still good until this time, so you have to make the same thing but with different approach at this point. Because if you fail to do that, than it's just another shit meme coins.

[nimogsm]

Spend several rounds of airdrops so you can attract more people to your project.Just as it was correctly advised to strat a bounty company here, I'm sure it will also interest people.Work in different directions and then maybe you will succeed.

[wheelz1200]

I'm currently involved in small memecoin project which fairlaunched on the FTM network and we are currently struggling to get good growth. We have around 350 holders and a few reliable meme makers doing their thing on twitter slowly pushing up our follower base. We've got a modest marketing budget but don't want to blow it all at once.

I'm interested in getting tips and advice on what worked best for some of the more experienced members here.  We have thought about Giveaways, Youtube videos, reddit crypto moonshots posts etc..but not sure which to focus on. Any advice appreciated! 

Stay away from making or promoting coins that are pointless.  There are zillions of these and most all of them are useless and going to lose people a lot of money in the long run.  It's irresponsible so my advise would be to stand down from the project.

[Scripture]

Spend several rounds of airdrops so you can attract more people to your project.Just as it was correctly advised to strat a bounty company here, I'm sure it will also interest people.Work in different directions and then maybe you will succeed.

Airdrops wont help especially if the value of the token is very low. I suggest to OP better to develop a project that have its real purpose in this market and not just because of the hype and we know that meme token is useless in this market so why create another one? Don’y waste your time in meme tokens, not unless you have your own hidden agenda, investors will surely know about this.

[poochftm]

Yes! A memecoin with real world utility is our aim! The token can be used in several different fashions within our ecosystem. First, tokens can at any time be donated directly to the charity pool for distribution to community chosen charities. Staking (and LP Tokens) tokens automatically enters holders into weekly prize drawings. Finally tokens can also be used to purchase NFTs in the future.

We also have a few big backers from the tech community including an early bitcoin investor and also the guy who started the napster music sharing platform.

[Protomono]

There is nothing wrong with asking for support from social media influencers and celebrities to popularize your meme coin on their social media. Many people are then attracted to meme coins after seeing their uploads on social media. But considering the simple funds that you have, it would be nice if you made an airdrop first using the tokens you have to minimize expenses so that you have a community.

[julerz12]

Yes! A memecoin with real world utility is our aim! The token can be used in several different fashions within our ecosystem. First, tokens can at any time be donated directly to the charity pool for distribution to community chosen charities. Staking (and LP Tokens) tokens automatically enters holders into weekly prize drawings. Finally tokens can also be used to purchase NFTs in the future.

We also have a few big backers from the tech community including an early bitcoin investor and also the guy who started the napster music sharing platform.

Sounds like you already figured everything out. But here's just one suggestion I'd like to point out, branding.
Don't name your meme token anything similar to the popular meme tokens we already have now like "SHIB", "SAFE", "DOGE","ELON" etc.
Doing so would only make your meme token look like a secondhand, cheap copy of it.
A lot of meme tokens that have those types of names on them are usually frowned upon here on this forum. No one takes them seriously 'cause they are too redundant.
Think of a name that would stand out, a name that is close to your planned utility.
Then market that shit the hell out to grow your community. There are tons of ways to do that. Cheaper ones are via airdrops, bounty campaigns and even just plain giveaways.

[poochftm]

Sounds like you already figured everything out. But here's just one suggestion I'd like to point out, branding.
Don't name your meme token anything similar to the popular meme tokens we already have now like "SHIB", "SAFE", "DOGE","ELON" etc.
Doing so would only make your meme token look like a secondhand, cheap copy of it.
A lot of meme tokens that have those types of names on them are usually frowned upon here on this forum. No one takes them seriously 'cause they are too redundant.
Think of a name that would stand out, a name that is close to your planned utility.
Then market that shit the hell out to grow your community. There are tons of ways to do that. Cheaper ones are via airdrops, bounty campaigns and even just plain giveaways.
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Right - our has a unique name too. We just need to figure out the marketing.

[cabron]

Every blockchain network today does have a memecoin of its own today, the blockchain is mainly used to increase the activity in the network making it look as if it's a busy network. FTM does have its own even ADA has its own too just as SHIB for ETH.

A good sauce for a memecoin I guess is if it's promoted widely which a big investor had bought Trillions of it while its price is less than 1 satoshi. or less than 1 Gwei because that's when these people will also shill the memecoin.

[evichi]

Most meme coins don't have a specific function or utility that it performs to the crypto sector, therefore, if the meme coin is still on the development stage, it will be worth while to promote the function the token will offer. This will help to increase its followership and the community of the token. Secondly, having an infuencer as part of the supporters for the coin team will greatly enhance the growth for the community. Emphasis on other qualities of the token will help to boost the community. A dedicated community followership is one of the key requirement that will make the coin successful.                                                                 

[ANSEL_2.0]

No doubt you will need some funds and also a good team member, call a meeting and plan a good marketing strategy, many new coins lack good marketing strategy that's why they failed to rise above others.

[X-ray]

I think the key to the success of meme coins is having a large capital strength,

Large capital means nothing without the support and FOMO from the community. Remember that meme token will always be going through ico and airdrop. Once ico or airdrop already conducted and it can be seen how many people interested to join in the ico or airdrop that launched by meme token. If this capital was coming from the community and this can be considered as FOMO but remember that i rarely seen a new project without doing any ico started with large of capital. this is not possible of this project have not backed by the major company.

when the market is red and they can pump then this will make investors continue to observe meme coins, capital strength is very important to keep prices from dropping and will make meme coins more popular.

Low liquidity make it possible to happen. Meme token will not sustain for long term. Even if this is become a popular token and there will always be possibility for the rug pull.
It seems like thread starter needs to build the reputation for his token.

[michellee]

I think you can do Giveaways to invite people to spread your project to the public. That is one marketing strategy that might invite many investors to join your project so that your project can be more developed. Maybe you can make a list of promotional strategies that you can do step by step to see how far the progress is.

Any tips and suggestions can successfully attract people's attention, but it depends on how hard you do it and how far you play in the promotion. You can launch Giveaways in this forum to see how much people can be interested in your project. After that, you can do other promotions through Youtube or Twitter or other sites.

[dupee419]

I'm currently involved in small memecoin project which fairlaunched on the FTM network and we are currently struggling to get good growth. We have around 350 holders and a few reliable meme makers doing their thing on twitter slowly pushing up our follower base. We've got a modest marketing budget but don't want to blow it all at once.

I'm interested in getting tips and advice on what worked best for some of the more experienced members here.  We have thought about Giveaways, Youtube videos, reddit crypto moonshots posts etc..but not sure which to focus on. Any advice appreciated! 

I believe that the secret sauce is "good marketing" not improvised.
Plus the ability to know how to manage social networks to be able to go viral.

But be careful it's not necessarily enough. In the end we take care only for those who have been successful and not those who have not made it.
It is not a trivial thing because many coins have had bad results turning into... scams!

Exposure and marketing would be one of the keypoints in creating a successful memecoin, I don't know how successful it would be though but with the right exposure in social media, it'll definitely be successful. Memes are what make these coins superior, and this means that social media will be a very powerful tool to deliver these memes in big platforms like reddit, facebook, etc. you can't just make a memecoin with no substance as this won't go anywhere, it must have substance and meaning to the meme community.

[tvplus006]

I appreciate your concern that many memecoins are scams but this one is built to last. Our farming contracts incentivise 6 month LP lockups and 90% of the the project LP will also be locked up too for the duration. The dev team have also spent a long time trying to figure out how to build trust and avoid any accusations of a rugpull.  

Project investors would be more comfortable with their money if the coins of the project team had a lock for a longer period, for example, a couple of years. Such measures would not allow the team to dump, take liquidity and hide.

[TarhAsov]

Top 3 Secret Ingredients of a Successful Memcoin Blowing the Roof Off Any Crypto Investor:

1. There is no venture money (In the ass venture funds that constantly seek to enrich themselves on ordinary investors)
2. There was no ICO, IDO and all kinds of pre-sales (Issued tokens were sent to liquidity pools for free market purchase)
3. There are no allocations for the team (The team received a complete Zero from the issued tokens and bought them for themselves already on the free market)

[Dave1]

I'm currently involved in small memecoin project which fairlaunched on the FTM network and we are currently struggling to get good growth. We have around 350 holders and a few reliable meme makers doing their thing on twitter slowly pushing up our follower base. We've got a modest marketing budget but don't want to blow it all at once.

I'm interested in getting tips and advice on what worked best for some of the more experienced members here.  We have thought about Giveaways, Youtube videos, reddit crypto moonshots posts etc..but not sure which to focus on. Any advice appreciated! 

4Chan will also be a good social media platform to show your projects. If I'm not mistaken that is the platform which usually started all the meme coin trend.

How about your website though? it could be also attracted so that many are going to invest because of your good UI. You don't need to focus on just one, as the saying good, the more the merrier. So get the word out there using as many social media platform as you can.