Utility above Hype

[Voodootoken]

🌟 Introduction:
Hey crypto enthusiasts! 👋 Ever felt like most recent meme coins lack substance and utility? Well, you're not alone. But fear not! Let me introduce you to Voodoo Token, a game-changer in the world of meme coins.

🛠️ DApp Development Revolution:
Unlike many meme coins that focus solely on marketing, Voodoo Token stands out by putting utility at the forefront. We're on a continuous journey to develop groundbreaking DApps that add real value to our community.

💰 DApp Highlights:

Staking Platform: Earn up to 30% APY in MAGIC or POISON Reward Tokens by staking your Voodoo tokens. Swap them easily on any DEX on Pulsechain!
Faucet Site: Claim free coins without any sign-ups or KYC . Even a small amount can be staked for a lifetime of dividends!
Gambling DApp: Experience the thrill with our fun gambling DApp. Bet on heads or tails, choose multipliers, and stand a 48% chance to win big!

🏦 Upcoming DApps:

The Bank: Long-term staking with the potential to double or triple your locked-up Voodoo Tokens after 1, 5 or 10 years.
Lucky Fortune Wheel: Spin daily for a chance to win up to $1 and boost community engagement.
💡 Our Vision:
We're on a mission to be the leading meme coin on Pulsechain, setting the standard for utility. Compare Voodoo to any other meme coin on the chain, and you'll see – Voodoo is winning the race!

👉 Your Thoughts?
What are your thoughts on Voodoo Token and our innovative DApps? Feel free to drop your comments below! We are always open to new feedback. 🚀💬

Fore more info about Voodoo Token visit: https://voodootoken.com/

[wheelz1200]

Another memecoin, boring.  Seriously not to knock you but memecoins being built now are just riding the hype wave of memes from 2020/21.  Why not just make it a viable project why does it have to be a meme.  It's like naming your coin after another popular coin.  Sorry but red flag until proven otherwise.

[uneng]

Since you are promoting a faucet and a wheel of fortune I think it can be an interesting option for micro earners and newbies to start accumulating some crypto from zero, but for investors I don't think it's a good idea, because your project doesn't bring any innovative and unique feature we haven't seen before through another projects, besides the fact promised returns by staking are just too high (30% APY). It indicates your token is going to lose price on long run, therefore it's not a good crypto investment thinking on future returns.

Although your thread's title claim utility is above hype, I don't see how it can work sustainably since there isn't any utility at all, besides offering so high interest rates by staking, which is a clear characteristic of projects which rely on hype to succeed on short run and make fast profit for developers and early investors exclusively, while everyone else who joins the train later end losing money.

[Fundamentals Of]

The competition in the crypto market is very stiff. So you better create something that stands out or you need to battle it out against existing and popular ones.

What do you expect from a meme coin and their supporters? That's a meme coin after all. Does anybody really expect substance and utility from meme coins? They're called meme coins for a reason.

If you want to talk about substance and utility, then the meme hype isn't for your project. If you're tired of memes, then you must be in a more serious niche.

But remember that even serious projects have to reach a certain level of hype to be noticed. Your project's substance and utility are pointless if nobody knows your project.

[JeffBrad12]

instead of labeling your token why not just instead create a dapp platform thats actually serves a real purpose, trend of meme coin already fading, associating with meme coin name will instead get your token forgotten.
my thoughts would be you wanna build something build something that actually matters.
its better if you instead work around the platform serving various blockchain prominently maybe deploying in L2 where they give grants to project they deemed worthy only then you will have real product, these meme thing is just a fad that eventually being forgotten as I've stated earlier.
but well everyone is free to make their own token, its just that as long as it doesn't rugpull anyone or any shady thing its fine.
after all I guess meme speculators out there knows well they are speculating.

[Voodootoken]

Thank you all for sharing your thoughts. I appreciate the feedback, but I want to address a few points that I believe are misunderstood. Firstly, not all meme coins are the same. Each project has its own goals and potential. It's unfair to label them all based on past trends. Secondly, calling Voodoo Token a red flag without any valid negative points is misleading. It's important to research a project thoroughly before making judgments. Regarding the comments about lacking innovation, the DApps we've built offer unique opportunities for Voodoo Token holders. While they may not be groundbreaking, they serve a purpose within our ecosystem and are part of our future marketing strategies. Additionally, we have plans for expanding the utility of Voodoo Token, such as using it for vacation bookings or in an e-commerce shop with discounts for token payments. Overall, I'm confident in the potential of Voodoo Token and look forward to its continued growth and development.

[Taskford]

Thank you all for sharing your thoughts. I appreciate the feedback, but I want to address a few points that I believe are misunderstood. Firstly, not all meme coins are the same. Each project has its own goals and potential. It's unfair to label them all based on past trends. Secondly, calling Voodoo Token a red flag without any valid negative points is misleading. It's important to research a project thoroughly before making judgments. Regarding the comments about lacking innovation, the DApps we've built offer unique opportunities for Voodoo Token holders. While they may not be groundbreaking, they serve a purpose within our ecosystem and are part of our future marketing strategies. Additionally, we have plans for expanding the utility of Voodoo Token, such as using it for vacation bookings or in an e-commerce shop with discounts for token payments. Overall, I'm confident in the potential of Voodoo Token and look forward to its continued growth and development.

Many said that their token will have good utility or other more stories to tell but all of them failed to deliver especially if the dev already got a lot of money from those investor that trust their project. Then I guess this kind of approach telling that this token will have a good utility since people always look for reputation also the result or product to be shown. But at least you spend some effort explaining about this project so let see if you succeed to follow or implement those words and plans you have stated here.

Expect a lot of skeptical people here since there's a lot of people tired on  meme coin scams. Also this coin will not get a hype for posting like this so I don't expect much anything about this project.

[Adreman23]

It would be better if you present the details of vodootoken thoroughly and comprehensively in your thread. This includes having a clear roadmap, whitepaper, tokenomics, and other relevant information. This approach would help investors better understand what vodootoken is all about. However, with a thread as simple as this, it's unlikely to capture the interest of potential investors in vodootoken. Investors typically look for how genuine and authentic the project is, but with such a brief thread, do you think they would consider investing in vodootoken?

[Sophokles]

Another meme project at the house. Seriously man, people still investing in meme project! How many meme project were there before and after the meme hype? If this category was that interesting, then why didn't people start creating meme projects before elon adopted doge coin? All those so-called utilities that OP shared about this new meme project won't make this project different than other meme projects that only caused losses to their investors. All the meme project was created to scam investors.

[Voodootoken]

Thank you for sharing your thoughts! This thread was meant to highlight what Voodoo Token has achieved and our current focus. As one of the first meme projects built on Pulsechain, Voodoo Token has its own unique identity. Comparing it to other (meme) coins doesn't really make sense because each project is different. We firmly believe in the value of Voodoo Token within its own ecosystem. We haven't conducted any major sales events like ICOs, IDOs, or sacrifices, and the project is fully funded by the founder, so we don't rely on outside investors to keep the project alive. Thank you once again for your feedback, and we're committed to expanding Voodoo Token even more in the future!

[Beparanf]

Thank you for sharing your thoughts! This thread was meant to highlight what Voodoo Token has achieved and our current focus. As one of the first meme projects built on Pulsechain, Voodoo Token has its own unique identity. Comparing it to other (meme) coins doesn't really make sense because each project is different. We firmly believe in the value of Voodoo Token within its own ecosystem. We haven't conducted any major sales events like ICOs, IDOs, or sacrifices, and the project is fully funded by the founder, so we don't rely on outside investors to keep the project alive. Thank you once again for your feedback, and we're committed to expanding Voodoo Token even more in the future!

You will better understand why most of the users threat memecoin like this due to bunch of memecoin scam here in the forum on different blockchains. Being first memecoin on pulsechain and your token is self funded by the founder doesn’t mean your token is safe for investment especially if the only utility you can give is the typical staking.

Where you will get liquidity for the staking reward in the long run aside from new investors money? Does your project have a working product that can earn profit to sustain the liquidity on the mining pool?

[avikz]

Lol! I don't see any utility here to be honest! It's a memecoin with a very high possibility to die anytime soon. Not sure how can staking become an utility for a cryptocurrency! Buy coin, stake it, receive interest and stake it again and when it's time to sell - boom! No buyer found!

That's the story of almost all meme coins. What's different in here?

[bluebit25]

Don't talk about utility with memecoin, it's ironic

I'm not sure what the developers expect, perhaps it's simply that they are also working for financial goals and the product they approach is just a form of access to hype trends. And from the memecoin perspective, your product lacks the appeal of the way memecoins are promoted, the core factor is building a community to support it, and also spreading quickly.

Anyway, to be honest with the OP, for sharing your opinion and I'm sure it will put your project in the never-approach category. At the present time, when talking about opportunities to make money, we need to be more realistic than the risks because we are in a stage where everything is actually much easier, ignoring the risky stance to look for great opportunities.

[Yudhisthir]

A utility token would live and prosper when you are doing or creating and environment to do new things. Releasing a token, creating a defi with staking are old and dumb ways to attract people.
Staking reward depends on how much the staked tokens can generate. If you are fixing the percentage of reward, you are inflating the market excessively making the price of the token fall even more.
There are now meme coin in every possible networks but their long term future also depends on the future of the chain they are generated on.

[Voodootoken]

Every investment involves risk. All crypto goes up or down. Voodoo token is not an exception in this. Voodoo token's utility is not only staking. You can also gamble with it, and soon, when the two DApps we are currently working on are developed, you can place your Voodoo tokens in a digital safe deposit and lock them up for a long time. This DApp is built for long-term holders. They will have a chance to lock their Voodoo tokens for a period of 1, 5, or 10 years. With staking, the maximal length is only 3 months. So, we clearly treat short-term holders and long-term holders differently within our ecosystem. Long-term holders get better rewarded in the end. Around 50% of the max supply is reserved for holder distribution (staking, farming, liquidity miners). About the question of whether Voodoo token has a working product that can earn a profit to sustain the liquidity on the staking pool, you need to understand that despite the project being fully funded by the founder itself, it tries to be as decentralized as possible, like Bitcoin is. Voodoo Token is not a centralized company that tries to make a profit from its customers by selling products or services. However, when someone tries to end a stake earlier, 20% of that amount gets burned, which makes Voodoo more valuable over time. Voodoo token has already existed for 8 months and 4 days and is here to stay. I would like to know some valid points as to why it would die soon The fact that you can use it somewhere means utility. If you don't understand this, I recommend you to research more about cryptocurrencies.

[electronicash]

all memecoins don't have utility. it just depends on where the community will use it, i they create a casino for where users could bet those memecoins, that would be one of its use cases. i think it doesn't count as a use case when it's the tokenomics we are talking about where users are staking these memecoins to make more memecoins. its just adding more supply to the memecoins. its already useless, adding more useless coins means more worthless coins.

[Mate2237]

Another meme project at the house. Seriously man, people still investing in meme project! How many meme project were there before and after the meme hype? If this category was that interesting, then why didn't people start creating meme projects before elon adopted doge coin? All those so-called utilities that OP shared about this new meme project won't make this project different than other meme projects that only caused losses to their investors. All the meme project was created to scam investors.

I am just tired foe all these meme coins. They are coming every day and night because all developers want to make money from cryptocurrency by creating different shitcoins, meme coins airdrops and so on. If everyone create coins in the world who will use the other. People are investing in those coins and that is why scammers have diverted from Ponzi Scheme to cryptocurrency airdrops and shitcoins and meme coins.

And time is coming that these coins will collapse and people will lost funds in them and their eyes will be clear.

[kentrolla]

People here are bit fed up of meme coins popping up every other day hence you may expect users to be little rude as most of us have witnessed how other meme projects end up. I would appreciate we get real project unique feature and domains because most of the meme coins are same and even the features you have mentioned in the op are pretty common in the market. Try to understand you will be able to sell your project only by catering to the need of the hour and by resolving a burning issue or bridging a gap between problem and solutions.

[Voodootoken]

It's okay to have doubts about Voodoo Token, but spreading fear without proof doesn't help. Some folks here might not know much about cryptocurrencies, especially meme coins. A meme coin doesn't need to solve big problems to gain value. People might buy it for speculation or as a store of value. Actually, Voodoo Token's value went up by 298% in 8 months, even though it hasn't solved big world problems. Some folks here thought that would be impossible. As for selling, there's always a way to sell Voodoo Token. On a DEX like Pulsex, your order gets filled automatically from the money in the liquidity pools. Utility means what users can do with a coin or token. It doesn't matter if a user will use the built-in DApps or not. The moment a user can use a DApp, it's utility. It's as simple as that.

[God bless u]

Why call it a meme coin if it has so many utilities and there is so much development and everything going on in the first place? A meme coin is a token or coin created with no actual utility but they are just promoted and advertised as a cryptocurrency version of a famous meme or something that happened sometime in history. If your token or coin has so much to offer, you should have started a proper cryptocurrency project with it instead of calling it a meme coin. 
I just checked your website, and I found that you need a user to connect their wallet to your website in order to claim free tokens from the faucet. How safe is that and how can a user be sure that their wallet isn't going to get compromised if they connect it to your website?