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

[Mate2237]

 he is referring to some of them as not qualified to be tagged an Altcoins because they do not have their own parent chain like the likes of Ethereum, BNB and Solana, but rather they are tokens build under this coin’s blockchain. Also the term airdrop shouldn’t be in same category as a memecoin. An airdrop is just a giveaway or reward giving by a project developers for the work or engagement the users did on the project.

Memecoins are just usual coins/tokens but under this classification based in their meme like name or logo. They are mostly pump and dump coins/tokens that shouldn’t be regarded as coin for investment.

Okay, thanks for the correction. And really some of them are not qualified for the altcoins family and they are there just feasting from the main altcoins that have their own parent Blockchain and those are the causes of the altcoins networks congestion. Ethereum and Solana networks have been congested for months and all because of those memecoins.

[yazher]

Well, in my personal experience, Tokens are more likely bound to fail because most of them are not created well to improve something or give solutions to any existing problems of the world rather they were simply created for the current trend and they are supposed to be not to continue their development after the trend is gone just like the NFTs a few years ago. With this kind of scenario where Memecoins are the trend nowadays, investors should be vigilant and not get hyped quickly just because a certain Memecoin's price is increasing rather continue to observe and do their research if the persons behind it are trusted or just simply bogus.

[Webetcoins]

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.

He and other cares. I don't really care about it but there are times that I'm also wondering on why they are called meme coins even though most of them are in fact a token. It's only normal for an investor to make withdrawals and it doesn't matter if what platforms are that. As an investor (doesn't matter what coin it is) it's also normal to care about the price and the rest that you said there.

There are still other things that are also important like having a back-up of our seed phrases but maybe it's true that many of them can disregard it due to much FOMO in the meme coins. We already know that meme coins/tokens are centralized and this is also due to their limited supply and small market cap.

[bluebit25]

coin or token is not a problem at all, because the scale and quality of each project is different, so the development direction will also be different.

But as you said most memecoins are deployed on ecosystems that are used frequently by users. Perhaps the popularity of some memecoin concepts in the cryptocurrency space is causing attention and attracting a lot of money to it. But in essence, it is no different than a lottery game. Thousands of projects will launch, some will make a splash, and maybe over time they will gain the community and position to continue developing. Other plans involve blockchain. But this field always has more potential risks than opportunities, and anyway, it is each person's decision to invest.

[milewilda]

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.

Its the basic thing but it doesnt matter what are those terminologies because those degen traders or meme loves wont really be caring about that detail because they would be coming after with those 100x or 1000x.  

Just getting in line with the topic then its normal that those meme coins would really be tokens using up other chaings which we do have wayback with those BSC memecoins and now the current trend is running around on SOL and with CORE on which if we do tend to look into those DEX the the volume on which these memes are creating which is really that huge.

Just like on what i have said earlier that they wont care about those term as long they do make huge money this is where their main priority on which its a common
approach to those degen lovers.

[goaldigger]

coin or token is not a problem at all, because the scale and quality of each project is different, so the development direction will also be different.

But as you said most memecoins are deployed on ecosystems that are used frequently by users. Perhaps the popularity of some memecoin concepts in the cryptocurrency space is causing attention and attracting a lot of money to it. But in essence, it is no different than a lottery game. Thousands of projects will launch, some will make a splash, and maybe over time they will gain the community and position to continue developing. Other plans involve blockchain. But this field always has more potential risks than opportunities, and anyway, it is each person's decision to invest.

There's no problem as long as they have the usage and investors sees their potential because even a token can also pump higher just like the tokens under ETH network before. If the meme token are using the top blockchain technology, then probably the team are trying to attract bigger investors as many are also considering the blockchain technology before they invest on a project. Again, meme tokens are a hype projects and not all are worth to invest, don't follow the hype that much.

[kotajikikox]

This has been established already obviously, but saying "memetoken" is not that common, so people just say memecoin instead, or basically you can call them all shitcoins. To be fair all memecoins are shitcoins but not all shitcoins are memecoins, which is why calling memecoins shitcoins could confuse some people.

Is it not completely subjective what shitcoins are?

Some people can find valuable memecoins and make profit off of it. I know a huge number of memecoins end up with a pump and dump however some seem to have been staying longer than expected and are continuing to grow. I guess we just have to find the good memecoins instead of generalizing all of them.

[nelson4lov]

Is it not completely subjective what shitcoins are?

Some people can find valuable memecoins and make profit off of it. I know a huge number of memecoins end up with a pump and dump however some seem to have been staying longer than expected and are continuing to grow. I guess we just have to find the good memecoins instead of generalizing all of them.

Not all memecoins are net negative when you're talking about the market values but if we're being honest with ourselves while discoursing about the fundamentals, memecoins are net negative for the space since they give off the narrative that crypto is a get-rich-scheme. What are catcoins? Dog coins? What's the contribution of such projects to the space? Nada. But as everyone else, I want to make money much more than I want to be right.

[shinratensei_]

Well, in my personal experience, Tokens are more likely bound to fail because most of them are not created well to improve something or give solutions to any existing problems of the world rather they were simply created for the current trend and they are supposed to be not to continue their development after the trend is gone just like the NFTs a few years ago. With this kind of scenario where Memecoins are the trend nowadays, investors should be vigilant and not get hyped quickly just because a certain Memecoin's price is increasing rather continue to observe and do their research if the persons behind it are trusted or just simply bogus.

as bogus as it is, meme coin sole purpose of creation is to be a tool for speculation nothing more, just creating meme coin in form of token in already existing blockchain serves for efficiency, so it doesn't need the over head of creating its own blockchain which gonna take resources if its purpose is just for speculation i can't see any other reason to create meme coin in other form other than in token where its the most easily deployed.

if you've seen of many these meme coin, people care more about the prices fluctuation that could give them profit than whether its just a token, because it serves no purpose, when in other project such as layer 2, we talk about technology because thats the main selling point of the project.
meanwhile in meme coin, the main selling point is always shill, hypes, the randomness and price volatility.

[South Park]

Well, in my personal experience, Tokens are more likely bound to fail because most of them are not created well to improve something or give solutions to any existing problems of the world rather they were simply created for the current trend and they are supposed to be not to continue their development after the trend is gone just like the NFTs a few years ago. With this kind of scenario where Memecoins are the trend nowadays, investors should be vigilant and not get hyped quickly just because a certain Memecoin's price is increasing rather continue to observe and do their research if the persons behind it are trusted or just simply bogus.

as bogus as it is, meme coin sole purpose of creation is to be a tool for speculation nothing more, just creating meme coin in form of token in already existing blockchain serves for efficiency, so it doesn't need the over head of creating its own blockchain which gonna take resources if its purpose is just for speculation i can't see any other reason to create meme coin in other form other than in token where its the most easily deployed.

if you've seen of many these meme coin, people care more about the prices fluctuation that could give them profit than whether its just a token, because it serves no purpose, when in other project such as layer 2, we talk about technology because thats the main selling point of the project.
meanwhile in meme coin, the main selling point is always shill, hypes, the randomness and price volatility.

This is the reality of the situation, if having its own blockchain was important, we will see meme coins that did not had that feature to disappear and be replaced long time ago for meme coins that did, since this not only did not happened but it is also not in the process of happening, we can conclude it is completely irrelevant for the development of those coins, and it is not surprising this is the case, since the target investor for those developers is someone that does not really care about the fundamentals of the coin in which they are investing.

[betswift]

This is the reality of the situation, if having its own blockchain was important, we will see meme coins that did not had that feature to disappear and be replaced long time ago for meme coins that did, since this not only did not happened but it is also not in the process of happening, we can conclude it is completely irrelevant for the development of those coins, and it is not surprising this is the case, since the target investor for those developers is someone that does not really care about the fundamentals of the coin in which they are investing.

Meme coins is good for ecosystem, and can onboard new users