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How to identify a gmeme token? | HOKK Finance

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Memes are characterised by a set of features or characteristics that can be identified through the use of a series of clues. Although not an absolute rule, the following are the most commonly cited characteristics of memes:

What is a meme?

A meme token is a type of meme that gets used as a marketing strategy. To really understand what a meme is, you need to understand what a meme token is. Memes are not a new concept, they were around a long time ago. However, biologist Richard Dawkins coined the term “meme” to refer to a self-replicating unit of culture, such as an idea or behaviour, that is able to be passed from one individual to another.

He wanted to go one step beyond genes in life to the realm of culture and behaviour, and the word he came up with was “meme”—a basic unit of culture that is copied and transmitted.² The idea is this: Memes are units of culture that spread.

We’re living in the most viral times. It’s a very apt metaphor for our times. Meme token are created  to go viral and because of this they get popular in a very short period.

They are promoted as a brand

The “concept” or the “brand” behind the token is usually based on popular culture, a silly-sounding name, or some other gimmick, such as the latest fad diet. Memes are based on a few rules. One is that virality is the primary driver of the meme token’s value. The brand, or face of the token, needs to be cute, funny, and memorable. In some cases, meme tokens are jokes about existing memes.

Memes are very much like Cryptoassets. They have a utility function and a usage case. Some of the promotional channels that meme token promoters use include Twitter, Instagram, Discord “raids”, and others too many to list.

The marketing is so powerful because the tokens are incentivized to help promote it. Anonymous promoters use related accounts on social media to generate buzz and hype and encourage new people to buy in.

They are traded on DeFi platforms

They’re often traded only on decentralized exchanges (DEXs) like Pancake Swap or Uniswap. Although this isn’t always the case, memes are usually traded only on DEXs, and usually not listed on centralized exchanges (CEXs).

While the majority of exchanges have rules about how they treat memes, some exchanges are more flexible than others. Some exchanges like Gate.io will even allow you to list certain memes like “Lolcats”. This is the most important factor to consider when deciding what exchanges to list your tokens on. Having a lot of tokens listed by them can help boost their top line, which is the number of fees they take in for each token.

However, anyone can list tokens on DEX by creating a liquidity pool — no permission is required — this is referred to as “permissionless-ness” in DeFi. Liquidity pools are a simple way to get started with an online business. In this post, you’ll learn about what liquidity pools are and how you can use them to make money from your passions.

Social media platform used for marketing

The developers are quite proud of the fact that Floki Inu is a meme token, but don’t shy away from admitting it’s also a real coin. It combines the power of memes with real utility and charity.

Twitter has many advantages over Facebook. You should use Twitter more if your goal is to reach lots of people. It’s easier to track and follow your audience, you can easily find new followers, and you can keep tabs on your most engaged audiences.

It’s not the medium that matters; it’s what you put in it that does. When you share your content or post an update to social media, you’re saying that it’s interesting to you. That’s how you get the attention of your audience.

Conclusion

Meme tokens have been around for quite some time now and have made their mark in the crypto market. We have tried to give some clues and guidelines that how to tell if it’s a meme token or a coin. There are other signs and facts about how to recognize meme tokens from other coins but maybe in some other post.

Some of the meme projects have an entire world of their own called an ecosystem. One amazing thing happening in the crypto meme world is that one of the meme tokens, Hokkaido Inu(HOKK), is working on developing its own all-inclusive ecosystem which is a revolutionary step in this market. For more information on this visit http://hokk.finance

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