Table of Content

What is a Meme Coin?

Meme coins also known as Meme crypto, are cryptocurrencies generally based on meme characters, and comical characters depending on the hype wave. Meme coins are successfully making headlines in the crypto world with their trading volume. 

Meme coins can be minted on almost all blockchain networks existing in the crypto world. They are cryptocurrencies known to be highly speculative and widely supported by trading communities.

Memecoins are considered fun and exciting investment opportunities, they are generally talked to be high-risk investments owing to their highly volatile nature.

Meme Coins stand out to be a perfect example of the growing traction in the crypto market, Cryptopreneurs are excited to see the growth of meme coins in 2023 and the upcoming years.

Key Takeaways 

(i) Meme coins are built on trends/hype, which can be temporary.

(ii) The specific Memecoin’s value has heavily relied upon the current buzz surrounding the same token.

(iii) Meme Coins are highly volatile.

Stats and Facts about Meme Coins

(i) Forbes, DOGE currently has 135.5 billion coins in circulation, and a successful miner receives about 10,000 DOGE, worth approximately $660.

(ii) Data from BitInfoCharts, Dogecoin’s daily transaction volume was recorded at 719,000, it even surpassed the transaction volume of the Bitcoin network.

(iii) According to Techopedia.com, Floki is considered a Fast-growing meme token. It offers multiple utility projects, including play-to-earn games and a marketplace. Floki’s Market Cap was at $300 million at the start of 2023.

(iv) Bitcoin.com states that PEPE is considered the fifth-largest meme coin. Its market capitalization recorded on April 22 rose to more than $303 million from  $141 million. 

(v) Livemint.com states that Big Eyes Coin, a Meme token, after raising over $3.3 Million has recently reached its third stage of the presale.

Meme Coin Development

With its growing popularity owing to the world’s affluent people’s obsession with meme coins, it is predicted that meme coins will take the world by storm.

Meme coin development tends to be a billion-dollar opportunity for Cryptopreneurs looking to set their foot in the Meme coin venture.

Maticz is a prominent Meme coin development company that offers end-to-end Meme coin development services with the industry’s best coin developers. 

Our Meme coin developers have a vast knowledge of several Blockchain networks like Bitcoin, Ethereum, Solana, Polygon, and Binance Smart Chain, etc which can aid in developing Meme coins as per your business requirements

Checklist to Consider When Developing Meme Coin 

Owing to their unique nature, Meme coins have grown traction and attracted and amassed cryptopreneurs investing in the same. This has further attracted entrepreneurs wishing to try their hand at the meme coin venture.

Community Support

It is essential to gain the trust and belief of the community to establish your coins as Meme coins, which are greatly influenced by the community. This can be achieved through regular and strong updates, active engagement on social media, expansion of the community, open communication with existing members, and soliciting constructive feedback from project members.

Building a Strong Community

Being highly active and transparent as the team behind the token will help your community trust in your meme coins. This may be made certain by maintaining open lines of communication, publishing frequent updates, and making team member information accessible to the general public.

Tokenomics 

Tokenomics and their distribution should mandatorily be fair and trustable, this will aid in inculcating belief in your community. This can be accomplished by analyzing the initial distribution model, token supply, periodical inflation, and token allocation for various activities.

Use Cases and Unique Selling Proportions 

Unique Selling Proportions act as leverage when it comes to the popularity of Memecoin, as the competition for the same is relatively high. Make sure you state a distinct use case and an issue they are solving that is well articulated.

Security Measures and Audit

You must implement regular audits and security measures that can assist protect your project and community if you want your meme coin to prove acceptable in the long term. Long-term success may depend on independent reviews of the project's code as a whole and open procedures for identifying and fixing errors.

Benefits of Meme Coin Development

Meme coins have made traders stunned with their performance and propelled growth, Let us check out the top benefits of meme coins development.

High Potential For Returns - Meme coins may have a high potential for returns, especially if they are successful in establishing a fervent and active community.

Easy Accessibility - Meme coins sometimes have fewer entrance hurdles than other cryptocurrencies, making them more approachable.

Entertainment Value - Meme coins have the potential to be entertaining, especially for fans of the meme scene.

Mass Adoption - Crypto exchange platforms and Swap platforms are enabling the acceptance of meme coins as cryptocurrencies, This has grown to be convenient for Memecoin holders.

Less Investment - The creation of a Memecoin requires less investment when compared to mainstream cryptocurrencies.

Meme Coin Development Process

The Meme coin development process is similar to any other crypto development with minimal changes in it. Read through to know the whole process of developing Meme coins.

Compiling Requirements

A detailed Sketch indicating fungibility, scalability, business requirements, etc. A consultation helps to obtain crucial data to meet the demands making a successful consultation aids in the collection of company requirements, and this is the first step in the process when we create an appropriate strategy and appraisal based on the needs of the business to address the customer's inquiry.

Blockchain Selection

Since Meme coins can be created on almost any blockchain, it is important to select the network over which the Meme coins will be operated thereby ensuring effective supply management

Meme Coin Functionalities Development

Our Blockchain experts assess the token’s burning capacity, Wallet integration, Token ID selection, and frequency of minting as per the client’s requirements.

Evaluating 

Our blockchain specialists assess the client's tokenomics business potential to make it profitable and provide the client with long-term business advantages.

Meme Coin Testing

To make Meme coin more effective and profitable on the market, our trained testing professionals optimize and test your tokens using a variety of test scenarios.

Meme Coin Deployment

The final step in Meme coin development is token deployment. Our developers deploy the token contracts on the required blockchain network and the deployed token will be ready for use.

What Makes Us The Best Meme Coin Development Company?

Maticz is the best meme coin development company to create meme coins on your desired blockchain network. Our meme coin developers have extensive experience in developing meme coins on several blockchain networks like Ethereum, Binance, Solana, Polygon, Base, Near, etc.

We analyze the market performance of various cryptos and provide premium token development services that help entrepreneurs create Memecoins with dynamic features such as fungibility, traceability, and scalability. 

These are the vital factors that ensure the excellent performance of tokens in recent trends. Develop the desired Meme coins with our exclusive functional parameters for the optimal use of the participants at an affordable price. 

Have a Project Idea? Discuss With Us

Enquiry Submitted

Submit Necessary Details

<< Previous Article >> Next Article

Have a Project Idea?
Discuss With Us

Enquiry Submitted

Submit Necessary Details