²¹² Eric Token 💎 COO of Meme Coins 🤖

Being in the room with the pack in Amsterdam feels different @wolfswapdotapp x @cryptocom Mixer started and the vibes are solid, good to see all those faces from the community

I'm gonna say something very controversial now A BURN WON'T HELP A MEMECOIN THAT'S JUST STARTING Why? How much can you actually burn to make a difference? Where will the rest of the burns come from? "What's next"? Burns were added to the crypto world a long time ago as a "hype" event for any token. Back in the day, the burns were actually meant to achieve something: reduce supply, bring more exposure, increase the value of existing supply But those were singular events, once in a while, that the project used to do, with a shitload of money, in order for it to count But let's take a look at today's world with memecoins doing burns at the first of the phase: > Making a 1-3-10-20% supply burn from the dev wallet What will this create? A good topic of discussion for 30 minutes and supply reduction What will happen in the next 30 minutes? "What's next" question And a memecoin DOESN'T NEED to have a product, revenue, a whitepaper, a roadmap, a whiteboard, or a shareholders' meeting A memecoin should have A COMMUNITY first And how do you grow a community? By doing stunts, activations, community events, partnerships, collaborations, spaces, giveaways, prizes, contests Yes, I'm against burns, especially at the early stage of a project/memecoin, and I find it more valuable to use that supply to expand your community first rather than a 1% supply burn If you do have cash flow in and your goal is to burn as much, that's perfectly fine; but that doesn't mean every meme should have that A meme is a meme, its supposed to be fun Happy trading!