Did you miss $PEPE or $AIDOGE? Want to get into meme coins but don’t know where to start? Don’t worry, this article will give you practical advice. This article will cover how to trade Meme coins on the chain, as well as share some basic knowledge, such as where to find pictures, how to identify Pixiu plates, etc., hoping to help you better understand and participate in this field. *Note: This guide is for EVM (Ethereum, Arbitrum, BSC, etc.).

Where to buy/sell?

The best thing about EVM is that almost all popular protocols support multi-chain. I personally like to use 1inch as my DEX of choice, it is an aggregator that finds optimal exchange rates. However, for hot projects that are getting hyped, I would prefer to use Uniswap. 1inch

What is slippage?

When using a DEX, adjust the slippage settings. Slippage is the percentage change in price that can occur when a trade is confirmed. For coins with fees, use slippage that is slightly higher than the fee itself. For example, if the fee is 7%, use a slippage of 14%. For tokens with no fees, limit slippage to 2-3% to avoid attacks by MEV bots. Likewise, these rules should be followed when selling tokens. Don’t underestimate slippage, many people lose money due to mistakes related to slippage. How to view the chart? To view a token’s chart, simply fill in the token’s contract address into the search bar at the top of the tracking tool. The following are several commonly used tracking tools: DEXTools; Definedfi; Dexscreener.

How to avoid HoneyPot (Pixiu)?

Some smart contracts look normal, but after buying, they find that they cannot be sold at all. To avoid this type of “pixiu”, Honeypot can help you check smart contracts. Please always check the address of the contract you are purchasing from on Honeypot. Honeypot

How to track meme coins?

A useful tool for tracking coins is the Etherdrops Bot. You can use their Telegram bot to track wallets, coins, and more.