Memecoin by 9gag on Binance

[goaldigger]

not a good long-term invest

no roadmap and they aren't promising anything on the future of the token. People need to learn on what happened to Reddit suddenly abandoning the moon token.

What can you expect from a meme coin? Most of them have the same purpose and sooner or later will vanish in the market.
We're not sure why Binance allow this project to use their platform to raise funds, maybe there is something about this project and we should be more careful on this. I'm not buying on their launchpad, it's hyped and the price will surely pumped but after that, you might see the bottom price right away.

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[Bitstar_coin]

Yeah I wasn't expecting this meme to be in binance this fast to be honest, I recently joined the airdrop task through a telegram airdrop channel I follow and I reluctantly joined the task due to lack of motivation from other previous projects I have joined so far but I was shocked to see the announcement, now am more serious to do the social task  perhaps it might worth a Gas fee, not expecting anything reasonable from this.

[passwordnow]

Binance should do better, I know that there's a better affiliation because of 9gag but if it's just a meme coin and without a use case at all. This is just like they're bagging cash from the gullible investors. Yes, there is money with the meme coins but putting that on a launchpad on their platform that has been reputed to be placing good projects, is going to make them lose their credibility. I think that they're all set just to have that connection in all of these huge pages and have a huge community where they can get more users. I know that it's all business for them but they should do better with these meme coins that have names that are known in their own market and communities. They should just play fair with all of these listings because there are some good projects that don't even get a chance to be on their launchpad because they've got not that much money to start with and they literally are coming from zero and trying to be hero. Anyway, those that have participated and will get free and easy money from there, you're free to dump that once you're allowed to.

[jaberwock]

I think MEME coins will be selective to be able to launch on Binance because what we thought meme coins now on average cannot enter the big exchanges but this time surprisingly there is a MEME coin that can launchpad on Binance, I did not participate in this launchpad.

Likewise with the airdrop, it seems like it has been missed because many have joined, there must be tens of thousands of people who have joined after the announcement by Binance.
Maybe this time the hype will be in meme coins compared to other memes.

So they are the ones who are choosy huh? Lol, but I think it was the crypto exchange. They have the rights to accept a crypto. Some exchange can be allergic to meme coins because they think it will affect their reputation but some don't care about it. What they only care is the money.

So, as long as the meme coin can afford their huge listing fee, they will always get listed on it. Yes what you did is right. Never ever FOMO or participate on any meme coin happenings, or invest to the meme coin itself. They are a complete gamble. We know gambling right? That is, the chance of losing is much greater than being lucky and earning a nice profit.

[nelson4lov]

I wasn't shocked to see MEME being added to Binance launchpool because Binance have recently been listing memecoins more often than not. The primary reason binance might have agreed to list the MEME token might not be because of the fact that they can fulfill the listing requirements but the amount of volume that would come in which equates to more fees earned by Binance. Enough to boost their Q4 earnings report. 

[malcovi2]

I'm not buying on their launchpad, it's hyped and the price will surely pumped but after that, you might see the bottom price right away.

You're not buying anything on the launchpad, you only have to do is stake your coins and you will farm free meme tokens.

We're not sure why Binance allow this project to use their platform to raise funds

They are not raising any funds on Binance. 9gag already did a firesale before giving away free memecoins on Binance



Are people confused on what Binance launchpad does?

Binance created the launchpad platform in response to the rise of DeFi. The launchpad enables users to stake their crypto assets and earn new ones, all while safekeeping them.
Users can stake BNB, BUSD, or any other altcoins supported in a pool at no cost. Users receive rewards in return without having to buy the newly launched DeFi tokens.

- https://cointelegraph.com/learn/binance-launchpad-vs-binance-launchpool-key-differences

[bluebit25]

Actually it is a marketing too surely Binance will benefit from the listing of it on the 3rd. Yes only got big numbers of bnb will take advantage of the farming due to limited supply it is 2% but the 25% of the airdrop will likely be much bettet but since its swarming with farmers it eventually go low unless what you said happened like eliminate farmers or bots.

I was quite startled to see the official accounts of the project receive many followers so quickly, although according to the news I understood about the project, many people were also confused about the distribution of tokens during the upcoming time. Although I'm not sure what specific criteria the developers have, it is known that the people behind the project do not like spam, and they are also very careful in the process of filtering bots.

And I also just made a topic to talk more clearly about the airdrop related to this project: Memeland Airdrop

[asriloni]

Yeah I wasn't expecting this meme to be in binance this fast to be honest, I recently joined the airdrop task through a telegram airdrop channel I follow and I reluctantly joined the task due to lack of motivation from other previous projects I have joined so far but I was shocked to see the announcement, now am more serious to do the social task  perhaps it might worth a Gas fee, not expecting anything reasonable from this.

You can expect something big from meme token. This token backed by so many big names. that's why binance was also giving it a free listing. I have been doing several task and it's very good for me to do that at this moment.

I have been collecting around 14k points and owned 1 potatoz in my wallet. I would like to see how good this meme token is. There will be so many people who are also interesting to yelling this club as next shiba.

I hope this coin will become the next shiba. It's possible for the marketcap will be probably around a few billions at the time of launch.

[Husires]

Binance usually buys thousands of these tokens and then they charge listing fees. Therefore, the project that may bring them the highest profit and the chance of dying in the slow term will be Binance’s choice, which may apply to 9gag, but this does not mean that it is a good investment.
If you obtained these tokens for free or through specific tasks, sell them immediately after listing, no matter how much the price continues to rise, keeping them is a loss for your investments.

I hope this coin will become the next shiba. It's possible for the marketcap will be probably around a few billions at the time of launch.

Shiba has been heavily promoted on Binance as a competitor to Dogecoin and it appears that they are now looking for a new project.

[malcovi2]

Binance usually buys thousands of these tokens and then they charge listing fees.

I think Binance doesn't need to buy when they can pretend or stake theirs assets without having to risk anything and gain free money. I went to check the amount of staked assets in the launchpad after the announcement and I wasn't surprised that over $2b assets were already in the pool.

We can already assume it is Binance who staked 11 million of BNB coins and would be getting the majority of the memecoins.

[cryptoaddictchie]

And I also just made a topic to talk more clearly about the airdrop related to this project: Memeland Airdrop

Not sure if its okay to make a new topic in spite having this topic. You should have commented the details here or I can quote that post and add on the OP to avoid multiple topics about memeland token.

Anyway its one day left for the listing Im not sure how long the farmers reward campaign will go on or they would stop that also.

[EmpoEX]

And I also just made a topic to talk more clearly about the airdrop related to this project: Memeland Airdrop

You did not really need to create another thread to discuss the same token. This thread was created two days ago, while you have created your thread today. Usually, forum mods delete duplicate threads. So, don't be surprised if you see your thread was deleted by the moderators. You can talk in the same thread without having any limits. No need to be unclear. You can clear everything in this thread as well.

[justdimin]

Binance usually buys thousands of these tokens and then they charge listing fees. Therefore, the project that may bring them the highest profit and the chance of dying in the slow term will be Binance’s choice, which may apply to 9gag, but this does not mean that it is a good investment.
If you obtained these tokens for free or through specific tasks, sell them immediately after listing, no matter how much the price continues to rise, keeping them is a loss for your investments.

So, they are the one's who buy? I thought they are only listing it on their platform and then the public are the ones who will buy it? But for sure, Binance charge a huge listing fee. Other than that, there might be other criteria that an exchange are looking for, like a good utility and if the project is legit because that will be safe for their reputation and it can bring them decent profits through fees once the people make a transaction with those projects inside their platform.

About the meme coin 9gag, if it was an official one, then maybe it is worthy to HODL it for a while? Because the price can still rise for more and that will allow us to earn even better.

[cryptoaddictchie]

Binance usually buys thousands of these tokens and then they charge listing fees. Therefore, the project that may bring them the highest profit and the chance of dying in the slow term will be Binance’s choice, which may apply to 9gag, but this does not mean that it is a good investment.

Well Im not sure they are buying coins before the listing thats probably not disclose but surely this kind of listing isnt paid as Im aware that they list it with a binance launchpool. Theres no need to charge if they are gonna benefited from yhr trading fees itself.  Its a win win to those using launchpool since they could get a lot of tokens for free by doing staking.

[batang_bitcoin]

About the meme coin 9gag, if it was an official one, then maybe it is worthy to HODL it for a while? Because the price can still rise for more and that will allow us to earn even better.

Well, if you are one of the early buyers of it. It's worth it to sell it when you see that it's been in many markets now. But if it's for long term, who knows.
We don't know if these meme coins will stay longer and if the hype from these type of coins is still there. Yes, it's an actual meme coin from 9gag but is that enough for them to sustain the coin even with or without development?

[tvplus006]

...Its listing price will be 0.01 dollar but it can potentially go from 5X to 10X after listing. Let's watch and wait how it plays out after listing. DYOR

Wrong. The price of the $MEME coin on the Binance listing was $0.001. It was at this price that the Launchpool participants received this coin. And considering the fact that the price of the coin after listing reached $0.1, it can be stated that theoretically it was possible to get x100 or 10000%. But I repeat, this is only theoretically, since few were able to sell at such a price.

[Sophokles]

In MEME token's whitepaper i think it is written that " MEME is completely useless and for entertainment purposes only". I appreciate their honesty about the project and that can be considered a warning from the team to their community that they are investing in something that has no financial value. It isn't directly written but that warning tells me this. But the problem is with Binance. Why did they list a project like this? Only to get the listing fees? or are they looking for the volume it can generate? Both don't matter for an exchange like binance as they are generating millions of dollars every day from their users.

This can be speculative thinking but it is not impossible that binance is the one behind that project or that they have a connection. We have seen this before with shiba Inu. When millions of dollars poured into that meme coin I think binance was also secretly accumulating those tokens before listing them on their exchange. This can be the reason it starts dumping right after being listed on binance.

[Wiwo]

[

   Well, in that matter, you need to believe that maybe MEME meets the requirements that the Binance exchange needs for them. We know that Binance's standards are high, but MEME passed, which means that meme coins will also be released in the crypto space.

  It seems that there are upcoming airdrops if the task is easy. I might participate as long as I can do the task; there is no problem for me. And I also see that the percentage that Binance will get from those meme coins is also likely to be large. I will look forward to that.

I don't think so,  Binance listing requirements have not changed for years and as such what it takes to get the token listed on the other exchanges are same or similar to finances,  because I still remember way back when I was following one coun like that,  and at some point, the team shared Binance listing form to the group and from what is listed and submitted doesn't contain any hard requirement for that potential coins to meet.

I guess the meme coins are getting listed on Binance because meme coins are the wave of the moment and Binance will also want to take advantage of the hype around meme coins.

[Bushdark]

I feel like with these launchpad, binance going to their down-patch

I mean, why they choosing these (MEME) tokens while we have so much more better and potential project comparing a token just for (MEME). Still can't believe MEME token now can entering (Binance-Laucnhpad).

Geezzz.

I think Binance is now concentrating on meme coins which is not a bad idea if they have a strong community support and good dev team to keep the project on a high momentum. It is very important for us to understand the level of risk  we are able to take investing in meme projects. But mere looking at many meme projects, we can still make a lots of profits from them if we are ready to take the risks.

Meme coins are just like the regular crypto projects that had been in the market for long now and we don't have to be sentimental about them even though their are lots of weak meme projects in the market but we can still find good ones we can hold and maximize the opportunity of earning from them.

[cryptoaddictchie]

Meme coins are just like the regular crypto projects that had been in the market for long now and we don't have to be sentimental about them even though their are lots of weak meme projects in the market but we can still find good ones we can hold and maximize the opportunity of earning from them.

Yes indeed. Once you gain profit then go out of it. Find another one to gain again. I doubt people who believed in technical ptojrcts would be fan of this instead buying more worth it and useful one to be safe and thats totally fine cause I also do that. But these memecoins are also post potential gain if you knew how to enter and exit with it.