VanEck Investment Manager: Meme coins have four key features worth emulating for crypto projects
VanEck portfolio manager Pranav Kanade posted on X stating that there are four key aspects of Meme coins worth learning from for crypto teams: 1. Simplicity: Many teams overdesign their tokens without realizing that - time + capital + attention = scarcity; - about 600,000 types of tokens were issued last year; - competition for the above scarce resources is intensified due to the convenience of token issuance. Instead, they should focus on: - simple token design; - clear vision; - demonstrating how executing the vision creates wealth for token holders; 2. High circulation, low FDV (low entry valuation); 3. Founder/team alignment: We can only get rich if we achieve our goals/deliver products as promised; 4. High transparency (for example, disclosing the cost basis of venture capitalists, which is usually hard to find).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Base App hits record high with over 12,000 new users on the first day of full release
Early Solana DeFi protocol Lifinity announces gradual shutdown of operations