Tom Thomas
@_TomThomas_
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@wardaddycapital Yep absolutely spot on, treat the league as an opportunity for those coming back to get some minutes under their belt and now go all in on Europa. Two weeks now where we can rest up a little bit. Four months from now we’re celebrating!
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This is ridiculous when it comes to the rationale behind listing.
TST got listed on Binance. A few thoughts: 1. CZ said “fundamentals”, then talks about a test coin turned meme coin. I posted to clarify that TST was NOT endorsed by me/us. It was just a test token used in a video tutorial. But every clarification post just made it more viral for whatever reason. 😂 2. Is CZ shifting away from fundamentals? No. I am a builder. I always focus on fundamentals. 3. Is CZ “into” meme coins now? It depends on your definition of “into,” I haven’t bought a single meme coin so far. 4. Then, is CZ against meme coins? No. Not “into” something doesn’t mean I am against it. I am not into sports cars; I don’t collect art; I haven’t bought any NFTs; I also haven’t bought most altcoins (I hold BTC and BNB). But I am not against any of the above. And I think most of you’d agree, that I have worked hard and "gone to some lengths" to help many altcoins and the crypto industry in general. I adopt the same view towards meme coins. 5. Why did TST get listed on Binance? I don’t know for sure. I am entirely NOT involved in their listing process. Based on historical experience, people always complain, “Why do you list this but not the coin I hold?” You might not like to hear this, but the truth is: exchanges must compete to list popular coins (with trading volume) as early as possible. If your coin is actively sought after by traders, you don’t need to talk to exchanges. As I always say, work on your project, not the exchanges. 6. Why do people buy memes instead of utility tokens? I don’t know, but I will go on a limb and make a few speculations (pun intended). 6.1 During the last four years, a powerful regulatory agency sued almost anyone with any utility token, falsely claiming they are securities. So, people started to launch memes. 6.2 There are groups of traders known as speculators. Things with clear tangible value are harder to speculate on. They stay around the clear value. This is indeed a challenge for RWA. For example, a building whose value doesn’t fluctuate much may not have a lot of trading activity. Then, it won’t have much liquidity, and the order book becomes thin, then even less trading activity, a vicious cycle. 6.3 Memes are fun, etc. It’s a cultural thing. I am not an expert in this area. There are plenty of die-hard defenders of memes. Don’t go against the community. 7. Lastly, it’s clear there are lots of money ready to invest in the market. Lots of opportunities. You need to build things people want. Happy building and happy memeing! And manage your risks. 🫡
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@BCheque1 I think that as the space matures, the 'easy' money gets harder and harder to make although it's always there just in different formats.
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$Gang by @mrpunkdoteth now down to $2m MC. Down 99.9% in the space of 10 days. Volume over the past 24 hours was a grand total of $1.2K over the past 24 hours. All good though as he's cased in $10m from it.
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@Loopifyyy It will be interesting whether they reward the creators (most of whom are ruggers) versus the actual holders
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@Loopifyyy Lol they've made $500m and now making more. Couldn't make it up. Reminds me more of the Opensea raise before it became irrelevant.
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@Degen__Ape__ I think that without any type of sink, tokens launching today will always struggle
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Dave traded safemoon three years ago.
crazy thing about #jailstool is up till 48 hours ago I wouldn’t have even known a coin like this existed at this point. So in my mind we’re still early. I get everybody has to do what’s right for them but I feel like if we hold tight until big money can flow in we all win.
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