To start discussing the inflation of memes, we first need to understand what defines a good project. Of course, this article is opinion-based and comes from my experience as Bretta’s community manager, degen, and the amount of help I could offer to other projects along my journey in this subculture of crypto. I will address each positive aspect I could notice in winning projects per topic to enhance clarity and discuss them individually in chronological order and not in order of importance. What is more important is for the reader to decide. 1 – Team organization Whether it is a project with an original team or a CTO, it doesn’t matter; we need coherence about who is behind this. The market is evolving as I write, with new technologies and ideas flowing tax-free. I can find multiple examples of what I mean, but I would like to use the animations for now. Before, to have a successful project, we basically needed to have a small narrative and to pay for a couple of decent KOLs. We had frog, monkey, cat, and dog metas; we had gamefy and utility meta. It was easier and clearer, and there was no pump fun to increase the offer of tokens. A decent team will understand what this is, have funds, knowledge, and the courage to implement. Having a community that will really expose themselves to risk above simply buying is a very rare feat. 2 – A clear roadmap Now, this topic is a little bit more problematic because we are talking about memecoins. We don’t need a whitepaper; memecoins are a very simplified type of entrepreneurship. They basically depend on narrative; they can generate surprising results with minimal investments. But a roadmap is essential because it offers you a direction and an overview of the objectives of the team. A good team will not be saying exactly how and when they are doing stuff because this would make it too easy for bad agents to use every movement for their profit, harming the project’s overall possibilities. But they will absolutely be able to explain what they want to do for the next couple of steps in a very organized way. 3 – A Community That Really Cares I would personally say this is possibly the most important singular aspect for the success of a memecoin. See, a memecoin is the financial integration of a cultural phenomenon. It’s all about self-fulfilling expectations. It can infinitely grow as more and more people start to believe in the process and be able to rotate back and be part of the dreaming cult that will do anything for a project. 4 – Creative influx This is also very important. As much as a meme is a cultural phenomenon, it needs to be fed with more and more content. This adds to the narrative; it becomes part of the lore in a way both the memecoin is eternalized by the meme and vice-versa. Having a strong narrative is more about that than about the meta. Everything can moon with strategy; meta is an excuse for degens to gamble in projects, not a necessity. 5 – Luck Yes, there’s not much to discuss in this area, but luck is a real variable. I mean, luck is when preparation meets opportunity. It’s not just a random variable. The more you study, the more you learn, and the nicer you are, the more luck comes to play a role in your life. I feel I’m lucky all the time, but that’s because I met such wonderful people along the way, worked, studied, and made plans like a true madman until literally collapsing in front of my PC so many times that I can recognize opportunity, that’s all. So, after all this, is there an inflation of memes? I might make some people mad right now, but I would say “f no,” there’s no inflation of memes. There’s inflation of ideas and the overall volume in each blockchain. The memes can’t inflate because they don’t have value to begin with. Let me recall topic 3 and talk about self-fulfilling expectations. This is the value of the meme, the amount of people that believe in it. I might sound a little crazy, but in my opinion, the memecoin market made humanity capable of monetarily quantifying “belief” for the first time. We do have a relative amount of risk based on your beliefs you are willing to take. We are playing with trade-offs all the time, but here… here is like a farm for experiments in a hyper-simplified laboratory, and it’s absolutely beautiful. We don’t see a Brett in every corner. It’s not because of the inflation of memes; it’s because of all the things I mentioned above. The memecoin market is a perfectly competitive place with a low barrier of entry. The greatest difference is skill and initial availability of money. There’s no inflation; what is increasing is the creativity necessary to make stuff work. It’s easy to think the market is saturated, but it’s not. There’s always room for more; there’s an infinite amount of money waiting to come here, but we need to consistently evolve our offer. That’s the point. To conclude, I want to tell everyone that conviction wins. Every project starts from the beginning. I saw so many giants when they were still embryonic but didn’t invest because I didn’t had the conviction. I have the conviction in $Bretta, though. I keep investing, I profit everywhere and rotate back to her, because I can notice every single one of those aspects I mentioned above in an embryonic stage, just starting. I’m working hard at bringing more people to this community, people to match my energy and that want to make history with us, because we are going headfirst at this, and I know for a fact that if I keep this level of effort, we will get there. Ode to Bretta by Adam (Faygoe) There once was a woman named Bretta, her beauty more vast than the oceans. The way she helped out those in need was like handing out love potions. I don’t know what I would do if I ever lost her blue; part of me would pass away, and my tears would turn to dew. If you got to this point, thank you. Gon (Bretta’s community manager) Ca: DXBYAw9aQheMdujaLZYnVSpKSK4n8jMS7HfLbiv5RWnS submitted by /u/dalty69 |
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