#MEMEAct How MemeAct Works in the Context of Crypto Tokens
MemeAct in the crypto world usually occurs through the following stages:
1. Creation of Meme Tokens:
Viral Idea or Concept: The creation of meme-based tokens usually starts from a viral concept or popular character, such as the Shiba Inu dog (SHIB) or Pepe the Frog (PEPE).
Tokenomics: These tokens often lack strong fundamentals or real utility. Instead, the focus is on branding, community, and humor.
Token Supply: They typically have a very large supply (for example, trillions of tokens) to create the illusion of low prices and attract retail investors.
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2. MemeAct Strategy to Create Hype:
Influencer Marketing: Meme coin projects often use crypto influencers or popular figures like Elon Musk to create buzz.
Social Media and Community: Communities on platforms like Reddit, Twitter, and Telegram are highly influential in spreading memes and creating FOMO.
Pump and Dump: Some projects use pump and dump strategies, where developers or whales (large holders) pump the token price with hype, then sell their assets when the price has risen.
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3. Network Effects and Community:
Community Power: Meme assets usually have a very active and militant community that continuously promotes the project through memes and viral content.
Community Coins: If the community is large enough, the token can become its own ecosystem, creating NFT markets, merchandise, or other utilities.
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4. Risks and Potential Gains:
High Risk: MemeAct is very risky as token prices depend on hype and sentiment, not fundamentals.
Volatility: Prices can rise hundreds of percent in a short time, but can also crash just as quickly.
Regulation: If deemed market manipulation, authorities may take strong action against these meme projects.
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