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David Furlong pfp
David Furlong
@df
Should long term, non-casino builders in this space consider leveraging memecoins to achieve their goals? What are the emerging learnings of memegtm from tokens like $degen?
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miro𓆣 pfp
miro𓆣
@miroyato
I wouldnt. Love memecoins. Dont think they help get pmf for us. Worse even, they might misguide us for long before we realise we optimised a product to become a meme amplification channel instead of a useful product outside of memecoin communities.
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Kien 🙏 pfp
Kien 🙏
@kienfam
if their product is about culture, the branding is playful and the audience intersecting. most products don't need that. $degen learning is that identity coins work very well and finding the utility that can be easily integrated into social media apps was very creative
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Jayme Hoffman pfp
Jayme Hoffman
@jayme
No!
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floar.eth 🎩🔵 pfp
floar.eth 🎩🔵
@floar.eth
One thing to consider is that you are forever attaching the token price to your product. While it can def. work out in some cases, I feel like in many many cases where the token is not part of the core product it is vastly underestimated how much baggage you pick up by releasing a token.
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lluis 🎩 pfp
lluis 🎩
@lluis
paid marketing efforts don’t work against a crypto audience - one sure fire way to acquire a user base is to bootstrap it with early adopters speculating on an asset like a coin. Farcaster didn’t really breakout until a memecoin launched here, attracting an audience, which made it worthwhile for builders to stay.
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Emre Ekinci pfp
Emre Ekinci
@ekinci.eth
What do you think about perl and drakula leveraging a memecoin for their growth?
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sterlacci.eth 🗽 pfp
sterlacci.eth 🗽
@sterlacci
you don’t have to force fun
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rafa pfp
rafa
@rafa
I think eventually, apps will need to choose which memecoin networks they work in. And if you support all of them, then lack of focus may be to your detriment.
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ben pfp
ben
@ben-
memecoins could be just an instance Obama O's if it helps companies survive while they’re building something great it’s worth it but i think that represents 0.001% of cases
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Roadu.𝓮𝓽𝓱 🎩🦊🔵 pfp
Roadu.𝓮𝓽𝓱 🎩🦊🔵
@roadu
Every market is a meme market in some ways at least and those who don’t recognize and benefit from this will have a harder time then those who do 100 $degen
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Emre Ekinci pfp
Emre Ekinci
@ekinci.eth
Yes but used it for public goods like vitalik talked about Also interesting to look at JUP DEX (Solana) where they launched $wen before their actual token airdrop now they have a memecoin and a serious biz token. Very interesting
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Ξ2T 🎩 pfp
Ξ2T 🎩
@earth2travis
From my experience long term, non-casino builders lack funding and visibility. And most suck at marketing. Leveraging the attention of memecoins provides a place to test tools in active communities rather than trying to build your own
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Sinaver pfp
Sinaver
@sinaver.eth
As long as it has intrinsic value beyond just being a memecoin, it's totally fine
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Serg 🎩🔵⛓️✈️ pfp
Serg 🎩🔵⛓️✈️
@serg
Yes, they help building community and win first users to spread the word.
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Ξ2T 🎩 pfp
Ξ2T 🎩
@earth2travis
69 $DEGEN
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Art 🔵 pfp
Art 🔵
@artisbased.eth
Degen is a bit different imo and can be used as a tool to get things started. However, as fun as memecoins are I think it would be misguided to get caught in memes. If/when the meta changes from whatever meme you are using, you are just stuck with an upset community.
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Zeen Train  pfp
Zeen Train
@zeentrain
It must be useful for helping fund Gitcoin and other possible accelerators
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Blazer 🇨🇦 🎩 pfp
Blazer 🇨🇦 🎩
@urbanblazer
This is the great debate! To capture the movement or stay in the shadows
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Dirk Siebels pfp
Dirk Siebels
@disic
I don’t think FC users see it as a meme coin but good luck trying to explain the idea to non-crypto people. If you’re building long-term, I guess you’re looking at ‘the next billion’ so your marketing efforts should resonate much more with these (potential) users, whether it’s B2B or B2C.
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