Dialogue with Mima: From Meme Coins to Launch Platforms, the Investment Logic Behind All-In Culture

Selected Mima Quotes:

- The market characteristics dominated by retail investors in the Solana ecosystem make it the core chain for Meme Coin investment, while the liquidity siphon effect and the Matthew effect limit the potential of other chains.

- Seeing others achieve great results can be a huge motivation, leading to more diligence, further mistakes in wrong choices, which then affects one’s mindset, making it difficult to focus on analysis and summarization, resulting in poor outcomes, creating a very vicious cycle.

- Launch platforms (such as https://t.co/lh7cHMiLt5 and Believe) are key to capturing the value of Meme Coins; a good launch platform can solidify funds and achieve long-term profitability.

- The success of public chains and launch platforms depends on their ability to attract developers and asset issuance, rather than solely relying on the retail market.

- Layer 2 technology undermines Ethereum's economic value; Mima believes there are issues with its revenue-sharing mechanism, leading capital to flow to local Layer 2s instead of the Ethereum main chain.

- The growth of stablecoins will bring more capital inflow to on-chain transactions, but the future revenue of public chains needs to rely on diversified income sources such as gas fees, tips, and MEV.

- Investment should be results-oriented; the core business model in the Crypto field is transaction fees, and transaction volume determines the core value of the platform.

- Crypto games struggle to achieve stable income due to users' unwillingness to pay, while application-side investments need to focus on positive cash flow and users' payment capabilities.

- Believe focuses on meeting the financing needs of small developers, achieving cold start through shared expenses, and positioning itself in niche markets.

- Solana optimizes its transaction system through priority fees and tips, with its future revenue relying more on MEV rather than gas fees.

- The entire Crypto field is facing the arrival of more mature investors and ETFs; future competition will place greater emphasis on core fundamentals and revenue performance.