MeMe is a new variation on crypto gambling—a typical negative-expectation gambling system with built-in friction.
Don't look at it as an investment: it has neither discounted cash flows nor a liquidation floor. All returns come from buying in at a discount using the principal of later entrants.
It depends on which niche of the ecosystem you're in:
Public blockchains and DEXs: casino owners providing the venue, earning risk-free gas fees and trading fees.
Token-launch platforms and market makers: dealers and rake-takers, reliably collecting risk-free minting costs and spreads.
Early insiders and smart money: rigged-house operators and seed investors at the front of the line, controlling when their tokens hit the market.
Retail traders in the secondary market: liquidity fodder at the roulette wheel's end, absorbing the full losses with real money.
Don't look at it as an investment: it has neither discounted cash flows nor a liquidation floor. All returns come from buying in at a discount using the principal of later entrants.
It depends on which niche of the ecosystem you're in:
Public blockchains and DEXs: casino owners providing the venue, earning risk-free gas fees and trading fees.
Token-launch platforms and market makers: dealers and rake-takers, reliably collecting risk-free minting costs and spreads.
Early insiders and smart money: rigged-house operators and seed investors at the front of the line, controlling when their tokens hit the market.
Retail traders in the secondary market: liquidity fodder at the roulette wheel's end, absorbing the full losses with real money.