Chapter 1
The birth of joke currencies
Chapter 2
The rise of viral communities
Chapter 3
Social tokens and fan economies
Chapter 4
The mechanics and structural risks
YOUR GOAL
Master of Memecoins and social tokens
Ch 4 · The mechanics and structural risks
nic The mechanics and structural risks
(Lead) "Memecoins can rocket and fly!" (Response) "Woah-oh, but the drop can be nigh!" (Lead) "Fueled by the hype of the crowd!" (Response) "Yeah-yeah, on a social cloud!"
Fun Fact
Squid Scam: A 2021 memecoin based on Squid Game crashed from $2,800 to zero in minutes during a rug pull.
Glossary
liquidity (noun)
The ease with which an asset can be converted into cash without affecting its market price. Speculators on Solana face severe losses when creators abruptly drain these reserves from newly launched community assets.
The ease with which an asset can be converted into cash without affecting its market price. Speculators on Solana face severe losses when creators abruptly drain these reserves from newly launched community assets.
Quiz
What are the self-executing digital contracts that run on blockchains to power tokens called?
Quiz
What term describes a scam where developers abandon a project and steal investor funds?
Quiz
What is the term for a token's total value, calculated by multiplying its price by supply?
Quiz
What is the term for the transaction fees paid to process trades on the Ethereum network?