In the past May, the wealth effect of thousands of times set off a wave of meme market. As the enthusiasm gradually subsided, a total of three new projects entered the forefront of the meme sector in this round, namely ArbDog AI, Milady Meme Coin and PEPE, among them, ArbDog AI adopts the distribution mode of specific address AirDrop, and Milady Meme Coin and PEPE are sent directly to the liquidity pool. This article will review these three projects.
ArbDog AI
ArbDog AI was launched on April 15th, with a total of 210,000,000,000,000,000 (2.1 trillion) tokens, 95% of which are allocated for free to addresses with ARB token AirDrop qualifications, and the claim period is from April 15th to May 15th, For a period of one month, 5% is used to motivate invited users. The inviter can generate a unique link to invite addresses eligible for AirDrop, and at the same time receive 10% of the total amount of tokens received by the invited address as a reward, and 5% of the reward pool is taken First come, first served basis.
ArbDog AI does not adopt an average distribution method. The earlier the address received can get more tokens, the last batch of addresses received is only 1% of the first batch.
ArbDog AI charges a 15% burning tax on chain transactions, and the distribution method is as follows:
Based on this AIDOGE can be mined, the current staking amount is 41,745.6T, accounting for 20% of the total circulation, and the APY is 43%. When users buy AIDOGE of $100-$1000 on the chain, they will be eligible to participate in the Lucky Drop, which will be drawn every half hour.
The project party also issues AICODE tokens. Users can obtain AICODE by burning and trading AIDOG in two forms of "mining". Among them, 60% are issued in the form of Burning Mining, with a total of 12,600,000 tokens; 40% are issued in the form of Trading Mining, with a total of 8,400,000 tokens.
AICODE helped to absorb part of the selling pressure of AIDOGE, and the token price went down all the way. The project party passed the proposal to stop the continued issuance of AICODE on May 23, and stopped the release of AICODE mining rewards on May 24. This proposal is good for AICODE to maintain the price, but at the same time reduces the use cases of AIDOGE tokens.
AIDOGE has launched OKX, Gate, and bitget, and currently has 263,000 currency-holding addresses. The highest price of AIDOGE tokens appeared on May 1, when the market value in circulation reached 150 million U.S. dollars. Since then, the price has fallen, and the current market value in circulation is 55 million U.S. dollars.
PEPE
PEPE Memecoin was launched on April 18, 2023. After more than 2 weeks, it ranked among the top 100 Tokens by total market capitalization, and was launched on major mainstream exchanges including Binance.
According to the information on the official website, PEPE memecoin hopes to become the easiest Memecoin to remember, but it is clearly stated that PEPE is a Meme token with no intrinsic value or return expectation, no formal team or roadmap, and PEPE has no practical use at all. For entertainment, while "PEPE Coin is not affiliated in any way with Matt Furie and his creation Pepe the Frog Meme itself."
PEPE adopts a relatively direct distribution method, with a total circulation of 420,690,000,000,000, 93.1% of the tokens are sent to the liquidity pool, and 6.9% are stored in the ENS name "ETH" in the multi-signature wallet for future listing on exchanges , Cross-chain and LP use. In terms of mechanism design, $PEPE represents a pure meme class, and the minimalist design brings meme culture and emotions to the extreme;
PEPE pushed the meme season to a climax and created many wealth myths. There are currently 115,000 currency-holding addresses. According to MESSARI statistics, PEPE only took 22 days to have more than 100,000 holders on the chain, and the growth rate is far super other tokens.
A large number of early buyers of PEPE hold Milady NFT, which may be the early capital force that pushed the price of PEPE up.
Milady Meme Coin LADYS
Milady Maker is a collection of 10,000 neochibi aesthetic style PFP (Profile picture) NFTs created in August 2021. The word chibi comes from Japanese, meaning little dwarf, little ghost, and little guy. It is used in animation and painting to refer to the painting style of children and children, similar to the Q version in Chinese expressions.
The design of Milady Meme Coin is similar to that of PEPE. The total circulation is 888,000,888,000,888. 94% of the tokens are sent to the liquidity pool, and 1% is AirDrop to $PEPE and Milady NFT holders. Users can claim during May 8th to 15th, 2023 , and 5% will be stored in the ENS name "ETH" multi-signature wallet for future use on exchanges, Cross-chain and LPs.
On May 10, Musk shared a picture of Milady NFT on Twitter. After Musk tweeted, the price of LADYS soared, with a market value of up to 150 million US dollars.
In addition to exchanges, contracts and addresses added to the blacklist, the DWF Labs address holds the largest number of LADYS. According to lookonchain observations, DWF Labs "0xd4b6" address once transferred 2.2T LADYS Token to the exchange on May 11. The price of LADYS once dropped after the transfer.
Summarize
Looking back at the development path of meme coin, we can find that the rise of a meme project roughly requires the following steps:
1. Construct a simple and easily disseminated image or narrative;
2. Fair distribution to a broad group;
3. Community communication, such as KOL publicity, using exaggerated wealth stories to attract attention, etc., frequent twitter space;
4. Celebrity effects, such as Musk, the strongest meme IP;
5. Rapid price rises attract market attention and a wide range of users enter the market;
6. After a certain scale is formed, it will be launched on the centralized exchange to increase Liquidity.
Summary of meme investment ideas:
1. Find the target
Pay attention to the Tokens that make profits from major transactions on the daily chain;
Track position changes of smart money addresses.
2. Evaluation target
Relatively dispersed Token position distribution;
A certain number of currency-holding addresses, transaction volume, and Liquidity;
Whether the contract settings are safe;
Whether the team is anonymous;
Whether the Token economic model design is fair and reasonable.
3. Control risks
Diversified investment, real-time attention to changes in large positions on the chain.
4. Feel the range of emotions and social communication change
5. Observe the increase speed of the number of currency-holding addresses and the change of transaction volume
Tracking meme requires the ability to quickly capture information and analysis, as well as rapid response and operation. At the same time, the unity of knowledge and action can be sold when the crowd is full of voices, which is a high test of humanity. Meme shortens and maximizes the game between people, and the rise of every meme is inseparable from the promotion of funds. Choosing to participate in the game is also a game with big money. You may get in the car or stay in the car. While seeing the myth of creating wealth, you also need to be aware of the higher risks.
Looking back at the history, the previous two meme markets both appeared at the end of the market. After the meme generated a large amount of transactions, BTC fell. The meme is like a final carnival. While tracking the meme Alpha, we must pay close attention to the market in a timely manner Changes, protect large positions of funds.
LD Capital is a leading crypto fund who is active in primary and secondary markets, whose sub-funds include dedicated eco fund, FoF, hedge fund and Meta Fund.
LD Capital has a professional global team with deep industrial resources, and focus on developing superior post-investment services to enhance project value growth, and specializes in long-term value and ecosystem investment.
LD Capital has successfully discovered and invested more than 300 companies in Infra/Protocol/ Dapp/Privacy/Metaverse/Layer2/DeFi/DAO/GameFi fields since 2016.
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