Crypto Jones

Let’s take a look at SonicINU as an example of this:

SonicINU launched on Pinksale 21 April just over 1 month ago and accumulated 90+ $BNB in funds 

The starting market cap would was 44,000 if you would have invested $100 at that time, during sonics all time high which was around 6.2 Million you would have had around $14,000. The current MC is around 3 million which means you would current have around $6800. These figures are not inclusive of the  5% reflections you would get per buy and sell tax.

How did we arrive at these figures let me teach you how to work it out:

Lets get mathematical.

First, we need to figure out how much the market cap increased from the presale to the all time high. To do this, we divide the all time high market cap by the starting market cap:

6,200,000 (all time high market cap) / 44,000 (starting market cap) = 140.91

This number, 140.91, represents the multiplier for the market cap's increase. Assuming the value of your initial investment grew at the same rate, we can apply this multiplier to your initial $100 as follows:

$100 (initial investment) x 140.91 (market cap increase multiplier) = $14,091

Simple right 😉

Risk vs Profit

While #MEMECOINS or any other investment be profitable they do not come without RISK. Risk management is the most important part of any investors day to day activities it should be at the forefront of your mind with every click of a button from scams to rug pulls and even over investing.

Let me explain in more detail:

Now when you look at SonicINU they have achieved multiple milestones so far such as: 

Active community on social media platforms like Twitter nearly 7k users, Telegram nearly 9k users 

Marketing partnerships such as AVAdex and Binance LIVE amas 

And burning  63% of total supply burnt 

Developing and launching a meme-based NFT Marketplace. 

Weekly prizes for nft holders  

And a 2nd Audit by Certik.

They even have things planned for further down the line such as:

CEX Platforms listings.

Develop a P2E Game based on Sonic INU Token.

Launch Sonic Inu DAPP.

Launch Sonic Inu Wallet.

⚠️Now you may look at this and think "wow this is awesome, it is more than a meme coin I am safe to invest, even MEMECoins such as DOGE have no utility other than being a digital asset right"... WRONG!

While SonicINU does have utility It also comes with its risks as does every other investment, remember I told you about risks before you may have got excited about the milestones and future plans? let’s take a look 👁️:

🛡️According to recent research from crypto risk monitoring firm Solidus Labs, nearly 12% of all BEP-20 tokens, the standard token on BNB Smart Chain (BNB chain), are tied to scams​. This firm detects 15 deployed scams every hour across twelve major blockchains, indicating a significant level of risk in the wider blockchain space​2

In terms of specific characteristics that could signal a potential scam, a study from ISACA found that 95.2% of "rugged" projects or tokens had teams that were fully anonymous, and 13% of rug pulls took place within a day, with another 54% taking place within about a month and a half​

It's important to note that while these statistics provide a snapshot of the risk associated with investing in BNB Smart Chain projects, they don't guarantee that a specific project will fail or be a scam. Due diligence and careful research are crucial when investing in any crypto project.

While I stress the importance of the above, this is not to say that SonicINU will ever act maliciously or steal users funds, we may see this project go on to launch on Binance and even be a well recognised player in the #crypto world. Who knows what is possible, after all we did just see #pepe and #FLOKI get listed.

Top Tips

So with that in mind just think that $100 you invested could have easily gone to a team or a project that is trying to rugpull or scam money from you, here are some top tips on how to stay safe and invest wisely:

🔹Not every team is legit - (even if they are fully (KYC) know your customer / Doxxed

🔹Not Every token or nft will pump - I have seen more go down than I have seen go up

🔹Manage risk - I have included an article below to help with this please read on

🔹DYOR - Do your own research, make sure you are happy to invest and it suits your needs, do not listen to an influencer or base your decision from someone else's post 

🔹Never invest more than you can afford to lose - Split your portfolios and manage risk accordingly you could even apply the 1% rule to this (see #Binanceacademy link below)

🔹Take your initial investment (minimum you should be doing) + profits - if you are in profit make sure you take your initial investment and profits if possible this will safeguard you even further ensuring if a project does rug you have retrieved your initial funds back, putting you back in the same financial position you were before you invested.

🔹Even with all these steps keep in mind what I shared above about the % of scams and rugpulls you can easily lose everything with a click of a button and no project is 100% safe we have seen such things with the likes of FTX as only 1 example of the many out there.

Smart contracts and Phishing!

Double-check URLs before entering sensitive info. Watch out for look-alike domains, rogue browser extensions, and fake apps. Stay vigilant! #PhishingScams

Use risk scanning tools to analyze smart contracts.

The DappBay Risk Scanner: dappbay.bnbchain.org/risk-scanner 

AvengerDao Meter API: avengerdao.org/riskScanner

BSCScan too difficult to read at times?

Bubblemaps can help with that : https://app.bubblemaps.io/bsc/

example of a bubble maps chart

Verify Official Binance staff and websites: https://www.binance.com/en/official-verification

Please carry out thorough research in every project you decide to invest in,

You can find more help on risk management over at #BINANCE academy

https://academy.binance.com/en/articles/a-beginners-guide-to-understanding-risk-management

🛡️Disclaimer: This article is intended for educational purposes only. It does not provide investment advice. Cryptocurrency investments, particularly in meme tokens, carry a high level of Always exercise due diligence when investing on platforms such as BNBChain.

In the ever-evolving landscape of Blockchain technology, MEMES have been on the rise with some offering minimal to zero utility until recently.

Firstly let's cover some facts about #MEMECOINS

Facts about meme Coins:

🔶 Social Media Driven: Meme coins typically gain popularity through social media. Examples include Dogecoin, which started as a joke but gained significant attention through platforms like Reddit and Twitter and of course thanks for Elon Musk

🔶 Community Support: A strong, active & engaging community often backs meme coins, contributing to their virality and potential growth.

🔶 Volatility: Meme coins can be extremely volatile, meaning their value can change rapidly in a very short time, making it possible for investors to experience significant gains or losses.

Let's look at Dons as an example:

The $DONS token, which launched on #BNBChain April 12, has captured the attention of cryptocurrency enthusiasts from all over, making substantial strides since its launch.

Having been created by the founders of the largest NFT projects on BNBChain (PlanetZuud & PancakeSquads) with the most loyal #nftcommunity DONS quickly appeared on everyone's radar

The $DONS token's saw its 150 #BNB pinksale allocation sell out within an 20 seconds 👀. This quick uptake propelled the token to the number one trending spot on Dextools, a sign of the heightened interest it had generated.

As the community surrounding the token grew rapidly, the Telegram group garnered over 3500 members in 24 hours, expanding to over 5500 members within a week, with the platform hosting thousands of messages every hour.

The growth was not limited to Telegram; the $DONS Twitter account saw similar success. Within its first 24 hours, the account gained 2000 followers, a number that has since expanded to over 13000. The token has consistently trended throughout the week, amassing over 4 million tweets.

In terms of token holders, the $DONS community has grown rapidly, boasting nearly 11,000 holders at the time of writing this. From a financial perspective, the token's launch day saw an impressive $4 Million trading volume 🔥, contributing to a total trading volume of over $10 Million to date. The market cap made a staggering leap from $80,000 to over $10 Million at its all-time high (ATH). 🚀

The token's trending status was not limited to social media; it also made waves on various cryptocurrency platforms, including Dextools, Dexview, Coinmarketcap, and even Crypto.com. This achievement is a testament to the relentless efforts of the team behind $DONS.

Significant Twitter accounts have recognized and joined the $DONS community, including notable figures such as Eljaboom, Travladd, Wombex, Samy, Kushed, and many more. Does their support add credibility and fuel the momentum behind this project?

To maintain open channels of communication, the team held an Ask Me Anything (AMA) session on twitter, which attracted over 1000 listeners. These sessions provide a platform for sharing future plans and integrations, it also demonstrates the team's dedication to transparency and community engagement.

The $DONS team also worked tirelessly behind the scenes, ensuring smooth integration of the tokens into various databases. Several significant integrations include listings and support from Trustwallet, OKX, Binance, Crypto.com, Coinmarketcap, Coingecko, Safepal, Getdelta, C98, Bitget, and BSCscan.

Renounce or not to Renounce?

Additional noteworthy attributes of $DONS are the 4% reflections rewarded to its holders, contract renouncement, and audit completion, as well as a liquidity lock for a ten-year period. The $DONS team's integrity is well-regarded within the BnB community, which provides an additional layer of trust and security to potential investors.

Is this another fad like Pokemon Cards?

With this kind of hype surrounding Memecoins at the moment Will DONS make it onto the Binance listings? it makes me wonder is this another fad like Pokemon cards or yoyos? (showing my age now) will this engagement continue or will there be something else next week?

I would also like to ask do you think projects should renounce contracts? I am seeing this on nearly every launch at the moment

Remember to always stay safe while investing and thoroughly research any potential investment opportunities.

Are MemeCoins the future?

Let me know your thoughts below 👇

Looking at what Dons has achieved so far along with other tokens such as #floki #pepe and #DOGE it does make me wonder where the future might take us

This is not a paid post nor an endorsement of Dons it is an oversight of one of the many MemeCoins making a huge impact on the #crypto space

#BNBChainNFTs is a community that centres around the creation and trading of non-fungible tokens (NFTs) on the Binance blockchain (BSC). #BinanceNFT on the other hand is a platform for NFTs. They are operated by different entities and have different characteristics, let me blow your mind..

BinanceNFT allows users to create, buy and sell NFTs using Binance's native cryptocurrency, Binance Coin (BNB), as well as other cryptocurrencies supported by the exchange.

(https://www.binance.com/en/nft/home) is a platform operated by Binance, one of the world's largest cryptocurrency exchanges.

BinanceNFT also features curated collections from artists, celebrities and other creators.

Some well established BNBChainNFTs have listed on BinanceNFT such as:

Gooodfellas Binions

The Bull Society

Many more

BNBChain is a decentralized blockchain network that operates independently of Binance, although it is built on the Binance Smart Chain (BSC).

#BNBChainNFTs are Created independently by the BNBChain community. Without the need to verify through "Know Your Customer" (KYC) while still being able to use BNBChain's native cryptocurrency $BNB , as well as other cryptocurrencies.

The #BNBChainNFTs community is known for being welcoming and diverse. Artists and creatives alike can create 2D & 3D art with a multitude of utility ranging from DeFi, GameFi, passive income, and metaverse. The community is supportive and collaborative, hosting a wide range of platforms and tools to further support and develop NFT projects as well as individuals on BNBChain.

Want to know more? Feel free to join our socials below and start exploring the ecosystem even further:

Telegram: https://t.me/BNBChainNFTs

Twitter: https://twitter.com/BNBChainNFTs

Discord: https://discord.com/invite/HcD9pAcrgq

In summary, while both BNBChain & BinanceNFT are capable of hosting user created content and allowing for creating and trading NFTs, BinanceNFT is operated by the centralized entity Binance and BNBChainNFTs is operated by a decentralized community located solely on BNBChain

#BNBChainNFTs