It’s well known that memecoins trading/degen trading is frowned upon by most traders due to market manipulation and its high volatility. However, It seems different devs are applying different approaches to that and I would like your opinion on it.
One of the approach I came across was by Coresky. Apparently, they allow users to propose and launch meme coins through a no-code interface while the community votes on which projects to incubate. Just like the popular meme launchpad but using a different approach to address rugpulls or pump and dump.
It also airdropped its CSKY tokens to the public but will this approach address the rugpull issues faced by the memecoins industry, that’s my question.
No, it wont be able to solve those rugpull issues. Come to think that the amount of tokens/coins that they would be giving or be airdropped will be just that small. Yes, they can give out those certain amounts to build up some hype on which we know that community support and hype would be having that significant impact when it comes to price and thats why it would be that recommended or suggested that you should be that needing up to consider out as a developer on trying out to make people or whales would be diving into your project and thats why marketing approach would be that a normal act to be done. If we do tend to see on most cases on which these meme coins do make out some launching then if it do failed up to hook up sufficient number or people and whales then it do easily dies down and would be that not be able to recover. If we do tend to look on all of meme coins then it would be having that the same scenario on which if it would fail on getting that community support then it would definitely fail but if it does then it would be making out that moon shot.