memecoins

Murad Mahmudov's Token2049 Keynote: 
The Memecoin Supercycle 

> “The crypto industry is a token production industry masquerading as a software production industry,” emphasizing that tokens are at the center of the value proposition & “can’t sustain itself without retail inflows.”

> He notes that “any crypto asset that doesn’t distribute cashflows or serve as a store of value is a memecoin,”with its raison d'être being to form tokenized communities using different narratives to recruit people and drive the price up. 

> He argues that memecoins are much better at this than tech alts, being purely focused on it, and predicts that this year’s memecoin outperformance will continue as more come to realize this.

🔗

Murad Mahmudov's Token2049 Keynote: 
The Memecoin Supercycle 

> “The crypto industry is a token production industry masquerading as a software production industry,” emphasizing that tokens are at the center of the value proposition & “can’t sustain itself without retail inflows.”

> He notes that “any crypto asset that doesn’t distribute cashflows or serve as a store of value is a memecoin,”with its raison d'être being to form tokenized communities using different narratives to recruit people and drive the price up. 

> He argues that memecoins are much better at this than tech alts, being purely focused on it, and predicts that this year’s memecoin outperformance will continue as more come to realize this.

🔗 https://x.com/MustStopMurad/status/1839732601759641960