Checklist before you launch a Memecoin token
If you don’t have a large and friendly community, then you shouldn’t start a new memecoin.
The community is the main driving force behind any meme coin project. These people will contribute, make art, and help to promote all your marketing activities.
Сlear and transparent tokenomics. Tokenomics should provide comprehensive answers to questions — the maximum number of tokens, how the token fights inflation, are there any transaction fees, how resistant the token is to whale attacks.
Simple and straightforward example:
* 5% reflection rewards to HODLERS
*No Dev funds
Giving an exhaustive answer in what proportions the tokens were initially distributed. It is important to determine the proportion of tokens for marketing, partnerships, users, developers, and airdrops. It looks convincing when developers own no more than 10 percent. And there are no whale wallets capable of single-handedly dropping the exchange rate.
A great solution is to get the support of influential people. People with weight in the world of cryptocurrencies or a running network.
It would be nice to have some kind of material background in the successful development of the project.
For example, the AquaGoat project actively supports real funds involved in cleaning the world’s oceans.
Successful partnerships at the very beginning and throughout the life of the project will play an important role in the development of the product.
The example below shows a successful partnership between Olive Cash and FARMAGGEDON. One Tweet with Farm&Pool announcement contributed to the rapid growth in the price of both assets.
What about initial liquidity?
Lack of basic liquidity leads to distrust of users, strong price changes during buying/selling.
You should think in advance about the formation of liquidity by core members and active members of the community.
By the way, OlivesCash can help in the formation of liquidity by motivating the LP owners with additional rewards of Olive Tokens.
All possible token aggregators, DEXes, and even CEXes will do. The more listings you apply, the more people will know about your project. Of course, there are canonical aggregators such as CoinMarketCap and CoinGecko.
If you make MemeCoint project at Avalanche side OliveCash can help you with listing. In One day token can be listed to OliveCash DEX.
Users often want to support their favorite project. And a great opportunity is to create your own merchandise, and even with payment in project tokens.
All marked examples will help you launch a successful project. Use and combine them wisely. May the force of Satoshi be with you