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VanEck Investment Manager: Meme coins have four key features worth emulating for crypto projects

VanEck Investment Manager: Meme coins have four key features worth emulating for crypto projects

Bitget2024/10/09 06:32

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).

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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.

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