Has anyone actually read the article? It reads like autogenerated fluff. Shibarium? Berachain? "For projects that are exploring this GTM strategy, some considerations include the distribution potential of different memecoin communities"? Who's upvoting this?
I upvoted this despite this reading like fluff because it is actually based. She always writes in this way and her writing often „just“ summarizes a recent trend in crypto. Actually, I think you are not upset about the content of the article or her style of writing. I think this post is like a mirror, reflecting back to you what the space currently does. I think you are upset that the crypto space has (again) turned into a sphere where grifters flourish! But this is what it is: DEGEN took the memecoin opportunity and is now successfully creating partnerships. Drakula has 10x or 100x more users than Kiwi because they build with financial incentives. I struggle with this, but I believe that we still can have a competitive advantage within this nonsense. By building Kiwi intentionally without financial incentives, this will force us to make the product so good that people will actually want to use it for the mere fun of it, not just to make a few bucks.
Tbh, I sometimes upvote things that I think are interesting, but I disagree with some of their points. This is one of these examples. My perspective: 1) Memecoin trading bots make sense, 2) Infra memecoin projects don't, 3) Drakula is a good example of using a memecoin for hacking the initial user engagement, 4) Jupiter example is interesting because I guess that launching a memecoin instead of a branded coin (like $UNI) might generate attention without any promises of sharing fees with the token holders, 5) Many memecoin partnerships with non-speculative products don't make sense since the memecoin tokenholders group doesn't overlap with the product's intended audience.
+1 @timdaub When discovering CoinGecko's PolitiFi memecoins I realized there could be more momentum behind these coins. As for the "autogeneration": someone working in an investment fund might very well be used to @vgr's post-ai writing style https://www.ribbonfarm.com/2024/03/08/my-post-ai-writing/