Over 10 years ago, the first and most popular memecoin – Dogecoin, was introduced. Since then, many changes have occurred with DOGE, and led to creating separate MEME category, especially after Musk started mentioning intensively DOGE in tweets. Memecoins have gained popularity among crypto investors through hope to multiply portfolio on bear market, where traditional tokens with big potential are going down. We can compare this situation with gambling, where investor buys a lot of memecoins and hopes that smaller part will cover investment with additional profit. It seems possible, but more often inexperience investor becomes a victim of rug pull or vulnerable smart contracts from side of anonymous creators without any reputation rather than they can gain any profit. On the other hand, in pursuit of ejecting profit from memecoins we forget about MEME content in memecoins. It often contains just name or ticker, which is reference to meme or funny story, but not content. According to the listed problems and widespread criticism of memecoins, we can make them more steadfast and compelling for portfolio by doing the following steps: 1. Reputation score of coins creator – can be r¬eceived by creating conditions for the creators, which is more profitable to use the same account for creating future memecoins. For example, using public information about creators, including ENS or nickname, date of first on-chain activity, total volume of created coins and similar indicators of the creator’s liability. 2. Template for token contract – using audited template with custom parameters at the creation stage. Currently, it is the only healthy way to exclude vulnerability in smart contracts. In future, there will be new custom parameters added by vote of community. 3. Content – only containing of the funny picture or story, will make memecoin closer to origin meme. Just imagine, someone tells a funny story or shares crazy meme picture. Investors can earn on growth popularity of this origin meme and gain enjoyment of reading it at the moment of expending the memecoins’ portfolio. 4. Community – the main reason of success of any crypto project, specially, in meme category. DOGE or recent Notcoin is proof of that. According to the importance of community, it is fair to reward those who comment or share meme from small parts of tokenomics or sharing % from upcoming trade fee. Proposed mechanism can set eyes on attracting, involving more people, and building strong community, if the meme is really great or relevant. In my opinion, solving the listed problems can actually bring the meme category to the new level of development.

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Who has had profitable experience in meme coin trading? In my opinion, there's nothing more fun than trading memes 😁