【makenow.meme】Platform to create meme coins on Solana from tweets / Pump[.].Like fun, when tokens reach a certain market cap, they are listed on Raydium / @makenowmeme
I wonder if it will be exciting again.
Good morning.
Mitsui from web3 researcher.
Today we researched 「makenow.meme」 Following Pump.fun, anotherA meme coin platform that was about to be pumped was created.
🟢What is makenow.meme?
💬Do 99% of meme coins fail?
🟢What is makenow.meme?
「makenow.meme」 is a platform that allows users to create meme coins on Solana from tweets. makenow.meme uses a bonding curve similar to Pump.fun, and once a token reaches a certain market cap, it is listed on the decentralized exchange Raydium.
Let me show you the actual process of creating meme coins from tweets.You can create a meme coin in just 4 steps.
Tweet starting with $ sign and ticker name
Coin Description.
Tag @makenowmeme at the end of your tweet after the description
Attach an image or video
These are the four steps.If you want to see a reference example, you can find the original "View Tweet" button on each transaction token page.
For example, if you tweet something like this, a reply is immediately sent out and a token is issued.
💬Do 99% of meme coins fail?
That's it for the "makenow.meme" overview.It follows the very simple and bubbling Solana meme coin platform Pump.fun, but adds a SocialFi element tied to tweets that have been buzzing in the past.
The market has now collapsed, but meme coins are still booming and Pump.fun was making a crazy amount of money from them.
However, of the 1.58 million tokens issued by Pump.fun, only 22,330 tokens made it to the Raydium listing.In percentage terms, the success rate should be 1.4%.%
In addition, most tokens traded on Raydium fall quickly after a brief spike, with about 65% having a market capitalization well below $10,000.
Pump.fun, on the other hand, is making a killing.The same Doune dashboard shows a total SOL of $81 million in fees paid to Pump.fun.Incidentally, roughly $79 million of that is for tokens that are not on the market.
This situation means that many investors are losing money and only a few are making a lot of money.However, I feel that those who participate in meme coins are taking this risk into account, so I cannot say that this situation is a bad one.
makenow.meme" is likely to follow the same path as Pump.fun.
However, the timing of its release was bad, and there is no particular difference in functionality from Pump.fun other than the ability to create tokens from tweets, so there is a possibility that it will fall out of use before it becomes a big buzzword.
I don't know how it will turn out, but it may be time to put an end to the competition among meme-coin platforms that have been created one after another.
This is our research on makenow.meme!
🔗Reference/image credit: HP / X
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
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