In 2021, one of the best things that happened to the meme community was the rise of meme coins. After it gained over 8000% of its value in 11 months, people started to consider meme tokens seriously. It was a huge shift because no one was expecting a meme token to be profitable.
After all this, the demand for meme tokens rose up and now there are lots of people who want to invest in meme tokens. But what they don’t know is that there are many useless meme tokens out there.
To avoid getting scammed, there exist some ways by which you can identify a good project. In this way, you will only get the right tokens and invest in good projects only. Here are some of the things to look out for in a meme token to invest wisely:
Long Term Goal
A project needs to be profitable but at the same time, any meme token works for the community. If the whole purpose of a token is profit then the community won’t stay together. There must be some other goal other than the profit that must keep the community together.
Example: MOM tokens have a goal to vaccinate over a million people around the globe. They also want to support members through their meme NFT marketplace.
Audited Or Not
If the project is audited that means the project is safe to invest in. It makes the project more credible and HODLers get the assurance that their money is safe. It also builds trust among the community.
Example: MOM token’s smart contract is audited by Tech rate.
Community Sentiment
As mentioned above that the success of any meme token depends upon the community. An investor needs to understand how strong the community is. A strong community around any meme token means higher success for the token.
Real Token Have Potential
People want to invest in projects with real potential and purpose. Otherwise, they are wasting money on a project. So, the project needs to be unique with its goals.
Once again taking the example of the MOM token, its purpose is to support meme creators. It also gives members a meme NFT marketplace that’s a great place for them to trade. All these are signs that the token has great potential.
Also, if you see the potential in memes and don’t have to invest in meme tokens you can go for meme NFTs. MOM token is a de-fi meme token but is also bringing an NFT marketplace for memers. So, you can invest in the potential of memes through NFTs too.
Before investing in any meme token, make sure you lookout for the above-mentioned points and understand the community around it. It will help you get better meme tokens without worrying about losing your money.
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📢 Official information
📢 ▶️Website : https://momtoken.io/
▶️Twitter : https://twitter.com/momtokenglobal
▶️Facebook : https://facebook.com/momtokenglobal
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▶️Audit by Techrate: https://github.com/TechRate/Smart-Con...
▶️Audit by Solid Proof : https://github.com/TechRate/Smart-Contract-Audits/blob/main/Mother%20of%20Memes%20Full%20Smart%20Contract%20Security%20Audit.pdf/
🚨Smart Contract: 0x211fa9e7e390c29b0ab1a9248949a0ab716c4154
🚨 BSC Scan Link: https://bscscan.com/token/0x211fa9e7e...