Most "Memecoins" are not even coins, most "Memecoins" are tokens

[PrivacyOui]

When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.

Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.


A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).

And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.

[oktana]

I can tell you that some of the people who do the marketing may not even know the difference. They may be focusing on the tone of “coin” not knowing it’s meant to have its blockchain to be called that. And many people who are also consuming the information and jumping on the hype may not know the difference between both.

Not just most “memecoins” (cause it’s really weird to say “memetokens”), most altcoins in general are tokens. 10% or less are coins.

[batang_bitcoin]

Actually you are right about that most of the memecoins are tokens because they are based on another network. For example, Solana based memecoins. For me, it is not really a problem whether they'd be called meme tokens or coins, we are used to call them memecoins so it is not a problem to think of. What a problem to think of are the memecoins that have their exit scam plans. They are hard to find because they are hype and community based and later on they will habe their exit scam. And this should serve as a warning to the memecoin investors.

[btc78]

Not just most “memecoins” (cause it’s really weird to say “memetokens”), most altcoins in general are tokens. 10% or less are coins.

Whoever coined (no pun intended) the term “memecoins” really made it stick because I bet a lot of investors would not be able to tell you that memecoins are not actually all coins. Nor can they tell you the difference between coins and tokens.

I think this is a very important factor to consider especially if you are looking to invest on that particular coin. It might be one of the indicators of future performance.

[Husires]

It is not coins and it is not a meme, only name and logo are the meme, but other than that, like all tokens in the market, it is based on advertising to pump up the price and use the high price as an excuse to attract more investors.
It is not a token, as developers transfer it from one blockchain to another whenever the other blockchain is profitable or cheap.

[asriloni]

When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.

Who the hell is saying that if meme was a coin? I think that if you must understand that if sometimes it's not a lot of people are caring so much about whether meme is a coin or token. They were calling it based on what they wanted.

Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.

I think that you don't get it. There were some meme coins that are really coins like doge coin. This coin owns his own blockchain.
It's not all of meme was token but some are coins with their own native blockchain.

A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).

Have you ever forgot that if doge coin was a meme? I think you forget that. The better for you to go to the doge coin thread and see the main purpose of doge coin creation more than a decade ago.

And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.

True. Majority were tokens but doge coin is a coin.

[Tipstar]

When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.

Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.


A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).

And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.

A coin based on a side chain is generally called a token but there's no rule that prevents us from calling it coins. There are less and less coins with their own blockchain and still we call all of them cryptocoin. It's good to know what has its own blockchain and what not but technicality of strictly using the term coin and token are not worth it.
Ethereum first introduced the token system in blockchain but they used the term sub-currencies for coins that are generated using its token system.

[wheelz1200]

When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.

Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.


A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).

And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.

It's good to point that out but either way it doesn't matter.  Coin or token they are all created to do one thing, try to enrich a select few while leaving everyone else broke.  I have found one of these thousands of projects that actually had a viable solution to anything beneficial.  Greed run sector.  People will get burned.

[Dr.Bitcoin_Strange]

When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.

Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.


A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).

And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.

@OP, apart from being a newbie to cryptocurrency, every other old member of the cryptocurrency community is supposed to be aware of what memecoin is. Apart from Bitcoin, every other coin or token is referred to as an altcoin. The name memecoins only emanated from the symbolic representation of the coin or token, and like I said above, every cryptocurrency enthusiast is already aware of the difference between a coin and a token; it is nothing new.

As we all know, the first memecoin is Dogecoin, and they have their own blockchain. Because the symbol of the coin was a meme and they had their own blockchain, it was called a memecoin, from which the idea was drawn to create other memetokens, but people are now generally referring to all those altcoins that have a meme symbol as memecoins while it's not supposed to be so. I remember that a few times I have been specific to say, "memecoin and memetoken".

[Hispo]

When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.

Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.


A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).

And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.

Any serious person considering to put money on either memecoins or meme tokens is pretty much aware of that. It is something which one learns very quickly when getting introduced to the market of decentralized assets like these ones.
My personal explanation on why meme tokens are called memecoins anyways has to do with the fact that in the beginning of the history of alternative currencies, Ethereum was not still a thing and most coins had to run on their own and indeoendent Blockchain (as you mentioned) during that period of time there were only memecoins, being Dogecoin the maximum representation of that small trend. The name stuck in the mind of the collective and continues to be used up to this day for both people who know the difference between tokens and coins and by those who do not even use Cryptocurrencies but like to talk about what they have read on the news.

As long as one is aware of what one is buying, then there should be no problem on nomenclature. There other more important things to worry about, like speculation, cyber security and the leaders of the market.

[GreatArkansas]

(....)

And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.

True. Majority were tokens but doge coin is a coin.

And these new memecoins or all memecoins after Dogecoin are just the same that copied from original memecoin which is Dogecoi. And since these memecoins are just tokens while Dogecoin is a coin, it just clearly shows how Dogecoin is the original memecoin.

[hugeblack]

Who cares? Investors do not even care about withdrawing these tokens outside the platform. They care about the price, the rate of change and the rate of profits. Anything other than that is not important. Onchain transactions for these currencies are limited and liquidity is concentrated centrally, which makes them more central tokens than cryptocurrencies.

[tsaroz]

That's true. There are definitions about coin and tokens in crypto and they are used in almost all formal settings but the general people don't distinguish them as such. For them every meme coins are tokens are simply meme coins. One of the reason why people call all of the tokens and coins as coins is the way it's being traded on centralized exchange. There are no difference between a coin and a token when you are just trading inside a centralized exchange but the distinction is felt when you try to withdraw or deposit the said coin. And with every coins even having a pegged tokens in other blockchains, it's really difficult to call them apart.

[X-ray]

the meaning behind token and coin in crypto market kinda blurred right now, the word meme coin come from the fact that there is a coin with its own blockchain that is doge coin.
then later on people just consider any token whether its ERC20 or other protocol from other blockchain that have characteristic of a meme coin with name as such because most meme coin holder don't really care about the underlying technology that make up their favoured meme coin anyway.
but yeah most meme coin creator just interchangeably use the word coin and token just because it has always been like that.
though I see no problem with this since its just a term that often being mistaken but i'm sore people who are experienced in cryptocurrencies and have the knowledge know instantly the differences.

[Sebas.tian]

That is why, I prefer to invest in coins like Bitcoin, Ethereum, and Dogecoin which am very comfortable with what am going to achieve from them in the future, because they have a strong team that always works to ensure their investors achieve good income from their holdings in every season. Those that invested in Ethereum last two years and hold till this year, they have achieved a huge amount of income from Ethereum investment, because the price of Ethereum increased higher to reach $4000 to caused long term investors and short term investors to accumulate income. I have seen many investors investing a huge amount of capital in some tokens hoping that they are investing in a profitable coins, because they failed to carry out their personal research to know the type of memecoins they are investing in the market, and they have experienced a lot of losses from tokens.

[God bless u]

When it comes to memecoins, it needs to be mentioned: Most "Memecoins" are not even coins, most "Memecoins" are tokens.

Often, it is just a marketing move to designate a crypto asset as "Coin" but in reality, it's a token.


A coin is based on its own, unique Blockchain, like Bitcoin, Litecoin or Dogecoin
A token is based on an existing Blockchain, like Ethereum tokens (for most ICOs) or based on BNB (for many Memecoins).

And today, most "Memecoins" are not even coins, most "Memecoins" are tokens. Keep in mind when investing.

Yeah but I think it's the most advanced and till now the most successful marketing strategy so far. People are very much attracted to these kind of meme coins and when they invest in meme coin they get to know that their performance depends upon the real project of whose the meme coins is.

Now what happens that people start to take interest into the main project because of its linkage to meme coins and in this way meme coins market the real project.

[AVE5]

I can tell you that some of the people who do the marketing may not even know the difference. They may be focusing on the tone of “coin” not knowing it’s meant to have its blockchain to be called that. And many people who are also consuming the information and jumping on the hype may not know the difference between both.

Not just most “memecoins” (cause it’s really weird to say “memetokens”), most altcoins in general are tokens. 10% or less are coins.

No doubt. That's just the truth. Lot of Memcoin investors don't even do research before investing, they only sticks to the making trends where coins are hyped unrealistically to what's speculated about it.
Literally it's important to study a coin such as their potentials and undermining their categorized blockchains. Because Blockchain could determines the value of the coin if it's worth relied on or not.

[Kelward]

Bitcoin has made the word "coin" to be popular among every altcoin, so they're all refered to as crypto coins out there, it's only people that are experienced investors and traders that really knows the difference. Before coming into the crypto space, most of us referred to every crypto as coins, because Bitcoin is a coin, but whether it's a coin or token that a person is holding, I think that what matters is for it to be profitable for the person. As far as the name memecoins goes to describe all memes, I think that it's just a name, the buyer knows whether it's a coin or token that they're buying.

[Odusko]

Meme project have alot of set backs e.g like the lack of availability of a foundation like blockchain that you mentioned to run on and even at that their don't have any ecosystem only based on hypes and the rest of it this is not what a project should look like and that is the reason most and all the investors take memecoins/tokens as just gamble and object of speculation.
This nature is what make the era of memecoins to be just speculative and based on hypes and this is not just an assumption on the nature of meme projects because most of them just design logo and name then start promoting them to mainstream market just to attract attentions of investors, mean while there nothing but hypes and gamble.

[Cryptoababe]

Most memecoins start as tokens on existing blockchains like Ethereum or BNB Chain. This is because using an established blockchain provides security and better chances of success. However, if a memecoin gains huge popularity, it can later create its own blockchain and become a real coin, just like smart contract coins like Tron, EOS and BNB did after launching as tokens initially.
I think the key is understanding if you're investing in a permanent token or a potential future coin.