MEME COINS

GS 3 ECONOMY

Definition

• Meme coins are digital currencies created as a humorous or satirical tribute to internet culture.
• They are also referred to as memetic tokens or community coins.

Features

1. Inspiration and Branding:
   • Named and branded based on internet memes, jokes, or cultural phenomena.
   • Designed for virality with quirky logos appealing to the online community.
2. Volatility:
   • Highly volatile due to being driven by the buzz and hype surrounding the token.
3. Supply:
   • Often have a massive or unlimited supply, resulting in low individual token values.
4. Technology:
   • Built on blockchain platforms like Ethereum and Solana, often leveraging smart contracts.
5. Ease of Creation:
   • Easier to create than traditional cryptocurrencies.
   • Requires minimal technical knowledge and resources to launch.

Examples

• Dogecoin
• Shiba Inu
• Retik Finance

Risks Associated with Meme Coins

1. Price Fluctuations:
   • Subject to rapid and unpredictable price swings, making them high-risk investments.
2. Speculative Nature:
   • Driven by speculation and community engagement rather than intrinsic value or utility.