Scam Coins Brand Theirselves As Meme Coins For A Reason
This year is the year of meme coin craziness and NFT madness. Meme coins were literally created every single day. Whenever I check coins listed on CoinMarketCap and CoinGecko, I keep seeing coins with outrageous names that are way funny. Most of these coins get created on the Binance Smart Chain because it’s cheaper on the blockchain compared to Ethereum.
This just brings me back to an occasion when I bought a scam meme coins. During the meme coin craziness in April/May, they usually start by claiming to distribute free airdrops to people that share the link as a way to advertise these meme coins. I got the link for the airdrop and I shared the link. You know this crypto industry is really crazy and unpredictable, for a moment I thought meme coins were going to be the new financial revolution.
So as usual, I FOMOed and decided I was going to buy some of this meme coin. If I could recall I think the name of the meme coin was called Samoyed coin(I think, am not too sure). A date was given for the launch of the coin and as usual we were all expecting the coin. We had a telegram time count, everyone was anticipating because we have seen what coins like Safemoon had done for people financially.
On the day of the so called launch, I bought some BNB, copied the contract address, headed to Pancakeswap and waited. When it was the supposed time of launch, I copied the contact address and pasted it, but it didn’t work. The admin from the telegram group posted a message saying the launch had been postponed to the next day.
This was supposed to be a sign that I should bail on buying this meme coin. But I was driven by the slang “when lambo?”.
I gave myself multiple reasons why I needed to buy the meme coin. When the time for the new launch day approached, I bought the coin. This was not my first meme coin that I bought, but for some weird reasons, I bought $100 worth of the meme coin but I saw $2worth of the coin in my wallet. I decided to give the coin some time reasons being that it was newly launched and there might be some glitches here and there. I went to the telegram group chat and the telegram was restricted to admin chat only. I felt so stupid, because by this time, I had to be sincere with my self that I had bought a scam coin.
2 weeks later, the group chat was still locked and we never heard from that group chat again. I tried swapping the coin, but the value of the coin is worth way less than the gas fee for swapping.
Dogecoin was the first non scam meme coin that was created as a joke of being the bitcoin killer. But today anyone can literally make a coin with no utility what so ever and tag it a meme coin. All they have to do is spend a lot of money on marketing the coin. Imagine coming across a coin called CUM rocket, or buying a meme coin named dick, have you ever asked what the idea behind naming the coin was?
This is something you won’t be proud of saying when you naively and irresponsibly invest your life savings in a meme coin. How would you tell the authorities or your friends that you invested your life savings on some coin called cum rocket, or d*ck coin or some doggy.
The funny coin brand naming was done that way as a ridiculous funny way of scamming people.
Posted Using LeoFinance Beta