- Its mission is to onboard millions of people to Bitcoin.
This is where I get skeptical. I think this is being dishonest and it's more like using the Bitcoin blockchain's popularity to sell their tokens. I know it's said that no team allocation but I doubt if the creator doesn't have a private stash somewhere. I bet it's one of the biggest holders.
I checked the website and no where it is written that they want to use this meme coin Bitcoin adoption. I am quoting the correct words of their mission statement from their website. I don't understand why people still make such mistakes in understanding the difference between Bitcoin and other crypto.
a meme coin can indeed influence the broader trajectory of cryptocurrency adoption, making its moon landing a beacon for
Actually, building on the Bitcoin blockchain is similar to bringing people on board because if you check, the people on the blockchain will have to be familiar with Bitcoin, after all they have to pay gas fee which would be BTC. We can also say the same that when you build something on any platform, you are indirectly endorsing the platform you used. Assuming the new platform has so many users, you will understand the benefit better.