The top 5 popular meme launch platforms in 2024: Can ordinary people make big money by launching MemeCoins?

Many people invest in the cryptocurrency space, and the biggest problem may be short-term thinking. For example, when a person's investment time frame is only a few days, they often feel panic and anxiety due to a 20% drop. However, if a person's investment time frame is one year, each significant market drop becomes the best opportunity to accumulate positions gradually.

In the investment market, patience is actually one of the most important abilities to make money. For instance, when someone is chasing a certain MemeCoin, they are more likely gambling, betting on whether someone else will take over. But when a person gradually accumulates a target asset (like BTC), they truly adopt an investment mindset, and what needs to be done under this mindset is quite simple (though sticking to it is not easy): patiently wait for the market to correct itself.

Recently, I've seen many people still discussing MemeCoins. In previous articles, we introduced some common tools for participating in MemeCoins, such as DexScreener, DEXTools, birdeye, GMGN, etc. Moreover, during the process of participating in MemeCoins, I found that many people seem to have a particular fondness for tokens with high trading volumes and low market caps, or some also consider the number of holders as an important reference factor, believing that such tokens have the potential for a hundredfold increase. But is this really the case?

Often, what you want to see may be deliberately created for you by the project team (the token creators). For example, if you want to see tokens with high trading volumes and many holders, the project team might use automated tools to generate thousands of unrelated independent wallets and manipulate and buy tokens in bulk using servers, nodes, or some special tools, creating a false data illusion to lure more people to participate.

Therefore, do not simply rely on on-chain tools like DexScreener to monitor token data; instead, you should conduct some necessary investigations and research, and use some third-party tools to assist, to avoid falling into such scams.

So how can this be achieved?

For MemeCoins, the most basic step is to conduct some necessary checks on their community platforms (including social media). For instance, if a MemeCoin does not even have a basic presence on platform X, you should be very cautious when deciding to participate. If the corresponding community platform has poor activity or the activity data seems fake (you can compare it with the daily views, comments, likes, etc., of normal KOL accounts), then even if the token has high trading volume and a large number of holders, it is likely not genuine, with over 90% probability that the project team is trading and manipulating through their wallets.

At this point, you need to enter the project's Telegram to check its real activity or use tools like TwitterScore (which categorizes and ranks various projects and shows whether funds are paying attention to the project) and TweetScout (which monitors the project's social media data and includes a scoring module, with over 200 points considered a good indicator) to check the activity on its platform X. These tools have been introduced in previous articles, so I won't elaborate further here.

In summary, if you want to make money in this field in the long term, patience is crucial. If you only want to speculate in the short term, besides the so-called luck, you also need to consider whether you are someone who enjoys research and contemplation.

A few days ago, a friend left me a message with an interesting question: some of the MemeCoins they bought have either directly rug-pulled or gone to zero, and those that haven't lost significantly. They feel that many MemeCoins are scams, so would it be better to issue some MemeCoins themselves to make money off others?

First of all, I personally do not encourage issuing tokens (I wouldn't do it myself). Secondly, I definitely do not support the behavior of rug-pulling or scamming after issuing tokens. However, if we only discuss the "idea," the notion of "making money by issuing tokens" seems to have considerable appeal for many newcomers (those who have just entered the cryptocurrency space). So, is this method really feasible? Can one really make money this way?

Before discussing the feasibility of this issue, we need to briefly outline some current MemeCoin launch platforms.

1. Currently popular one-click token issuance platforms

In a previous article about MemeCoins (August 1), we provided a detailed overview of three major categories of simple token issuance tools (which require no coding skills). Below is a summary. Here, we will simply list five currently popular one-click token issuance platforms:

The first platform is Ethervista

Supported chain: Ethereum

Main features: This platform's innovation lies in that it does not charge a 0.3% token fee like Uniswap; instead, it rewards LPs with ETH for each transaction, reducing selling pressure on the token. Additionally, the token liquidity pool is automatically locked for 5 days by default (though it does not rule out the possibility of the token creator dumping the pool).

The second platform is SunPump

Supported chain: TRON

Main features: The product itself does not have many unique features; similar to Pump Fun, SunPump's rise is mainly due to the strong marketing ability of TRON founder Justin Sun.

The third platform is Ticket Fans

Supported chain: Bitcoin

Main features: Claimed to be the first Meme launch platform on the Bitcoin chain, this platform has introduced a Fans Ticket mechanism designed for KOLs, facilitating applications in community payments, fan economy, etc. Additionally, they mainly use sidechain MVC for on-chain transactions to enhance convenience.

The fourth platform is Pump Fun

Supported chain: Solana

Main features: Pump Fun is considered the leader among one-click token issuance platforms, officially launched in January 2024, and is currently the largest and most active MemeCoin launch platform. As of the writing of this article, over 2 million MemeCoins have been created through this platform, which promotes fair launches of MemeCoins based on a unique bonding curve pricing model. Many later platforms have actually imitated Pump Fun's model.

The fifth platform is Four Meme

Supported chain: BNB Chain

Main features: Claimed to be the first fair launch platform for MemeCoins on the BNB chain, the product itself does not seem to have any significant highlights and is likely just a project riding the wave. However, the project team behind this platform seems to understand marketing; they not only used CZ's classic gesture "Four" as their logo but also have a seemingly serious (to entice users) Airdrop points section.

Of course, besides the five one-click token issuance platforms mentioned above, there are actually many similar platforms. However, looking at various one-click token issuance platforms, we can clearly see that although each product may take different forms, it seems that the product itself is not the primary productivity; liquidity is the key to the development of these platforms. Only continuous liquidity and wealth creation effects can attract retail investors to flock in and participate. Such platforms first gained popularity with Pump Fun on the Solana chain, then SunPump also gained traction with the help of Justin Sun, and subsequently, Four Meme on the BNB Chain began to explore this area and heavily utilized KOLs for promotion on social platforms. However, before the hype fully took off, Ethervista emerged and became popular at the beginning of this month (September), attracting many people's attention with its own token price surge of VISTA, even temporarily raising Ethereum's low Gas fees. It remains to be seen whether this wave of MemeCoin issuance will continue to spread to other chains, but from a liquidity perspective, Pump Fun currently appears to be the king in this field.

2. Can ordinary people make money by issuing MemeCoins?

Having briefly outlined the one-click token issuance platforms for MemeCoins, let's continue discussing the topic mentioned earlier: is it reliable for ordinary people to make money by issuing tokens?

Here, we define "ordinary people" as those who have recently entered the cryptocurrency space or do not have a deep understanding of it, and have no coding or programming background but hope to make money by issuing tokens.

Let's continue with Moonshot as an example for a hypothetical scenario:

Regarding Moonshot, we previously introduced it in an article (June 27) as a one-click token issuance platform based on the Solana chain, which can be seen as a replica of Pump Fun and is a product under DEX Screener (one of the most well-known DEX aggregator platforms). Once the market cap of the tokens published by users reaches 432 SOL (approximately $58,300), all remaining tokens and liquidity will automatically migrate to Meteora or Raydium, and all liquidity will be permanently locked. One of the main features of this product is that when the tokens migrate to Meteora, it integrates a reward system for token developers and the top 50 holders. Below is an illustration.

In other words, when the market cap of the tokens created by users reaches 432 SOL, the tokens will automatically migrate to Meteora, and the MemeCoin pool on Meteora will lock 20% of the LP token (revenue) for the creator, 10% for Moonshot, and 70% for the top 50 holders at the time of migration (the top 50 holders will be snapshot on-chain during migration). This means that creators and some holders can continuously claim LP rewards through Meteora (users need to manually claim them), and the larger the subsequent trading volume, the more revenue sharing they will receive. Below is an illustration.

According to this model, if you want to use the Moonshot + Meteora model to achieve long-term profits, there are mainly two ways: one is to create tokens yourself (become a creator), and the other is to become a major holder of the token (one of the top 50).

The process of creating a token is actually very simple; one-click token issuance platforms require no coding skills, just fill in a few basic details and submit to create, and creating a token only requires a startup fee of 0.025 SOL (about $3).

However, as mentioned earlier, it seems that there are no longer that many pure novice investors. Creating a token is easy, but marketing is difficult. If you simply create a product with no presence (no website, no community, no story) and leave it unattended without effective marketing, it is actually very hard to attract more investors to participate. Therefore, getting your created token's market cap to reach 432 SOL and migrate to Meteora is not easy.

As for using your own wallets (like multiple wallets) to buy the tokens you created and becoming one of the top 50 holders before the token migration, if you are not fully prepared, this seems difficult to manage, as your "pump behavior" can easily be countered by more professional players who might take advantage of you.

Let's take a quick look at the on-chain data for Moonshot:

As of the writing of this article, there are 33,677 wallet addresses that have created 82,212 MemeCoins through Moonshot, but the migration success rate (i.e., the number of Finalized tokens) is only 0.34%. I also saw one wallet address that created a total of 182 tokens, of which only 4 are in Finalized status. Below is an illustration.

In summary, while it is theoretically possible for ordinary people to make money by issuing tokens, the success rate may not be as high as you imagine, especially at this stage, as MemeCoins have already gone through several rounds of hype, and the total number of MemeCoins across all chains is estimated to be in the millions. Creating a random product without any presence is actually very difficult to generate trading activity and attract investors, unless you have a certain background (like being a KOL or a celebrity) or possess certain technical skills; otherwise, it is hard to achieve "success" in this area.

This concludes this issue's content. More articles can be viewed on the homepage of "Talking About Li."

Disclaimer: The above content is merely personal opinions and analyses, intended for learning and communication purposes only, and does not constitute any investment advice. The cryptocurrency space is a highly risky market, and besides various forms of phishing attacks and scams, many projects also carry the risk of going to zero at any time. Please approach it rationally, do not engage if you do not understand, and take responsibility for yourself.