always good to remember.
this kid 2 years ago dumped over 20 thousand dollars on the heads of the investors in his project, and in the end he even flipped everyone off and thanked them for the 20 bandos...
on the same day, the same amount he sold should have been worth on average more than $1mi hours later, because his token was sent to a 100 million market capitalization right after his decision to rug.
after that day, the trenches are no longer the same.
You want to check for these in the next memecoin you buy.
Schoen reveals his checklist of conviction.
1. Is it Unique?
“You see a lot of replicas that try to exhibit similar things as in the past. You don’t want to be like ‘this is the next blank’ you want it to be the first of your coin.”
2. Longevity.
“We’re in a cycle of hyper rotation so your coin should have longevity which matters a lot for attention. Can it form a community outside the hype and virality?”
3. Does it have barriers to entry?
“Can people copy the idea or vamp it. Strong example is $Kintara where there’s a significant barrier to entry.”
4. Emotions.
“Does it incite any strong emotions. Could be hope, excitement even anger and controversy”.