New Era for Meme Coins

This is for comment writing competion

Background

Nowadays, money is so easy to be made on minting meme coins that have no value creation for society. Meme coins like $Chillguy achieve >$500 Million Mcap in a few days.

But actually it is not easy.

Out of meme coins on Solana that are minted only 700 surpass Mcap of $1 Mil and 200 surpass $10 Mil.

Human Psycology theory

Even the meme coins which have the best promotion would last only a few hours. There is a phenomenon called “Race to dump” the coins, it is a zero sum game, who exit first is the winner. This is human psychology of the game theory with the prisoners’ dilemma on whether they would rat each other. The Nash equilibria (Best option for best outcome) is to rat first.

Someone came up with a new idea-a new mechanism which crypto investors don’t have to "race to dump" the coins but instead they stake it to earn trading fees from permanently locked liquidity pool. The stakers would receive an income in Sols for forever with compounding rewards of re-staking the meme coins. Actually, Bulb introduced this months ago.

New Era

Now M3M3 platform of Meteora allow users to mint coins then can be stake in its system connected to the blockchain that does that.

The theory is instead of “race to dump” the holders can “race to stake” so many investors will come out as winners when the supply demand stabilised uptrend.

Comment Writing competition

That’s the background. Put down your thoughts in comments below. The comment with most reads and wows wins 2 $ME tokens (Magic Eden-NFT market place) from me personally, worth about $10, runner up would receive 0.5 $ME.

To prevent spams, I will give a 1.2 boost to the comments that I like.

Qualification: You need to have practical experience on staking a meme coins. After you made the comment. I will airdrop you a coin to do the staking practice at M3M3 platform. The staking will earn trading fees, you can unstake later.

Instruction: I will airdrop you a coin named $LydiaArt. 345,000 coins (worth about 0.5USD) you then stake it in the below link

Step1: https://m3m3.meteora.ag/farms/E3Se2SazXY3a1CE2vLL4kNZd65qEVqYSgcfgwrmHjRTi…

Connect your wallet.

Step 2 : Press blue tab and then select 345,000 coins to stake

Minimum is about 345,000 $LydiaArt.

Step 3 : Press blue button to stake

You can fast track your qualification by purchasing 345,000 $LydiaArt (cost $0.5) inside the link to do the staking insteading of waiting for me to airdrop you after your comment is written.

You can purchase $LydiaArt at Jupiter.
Token address : 3xN7gCuWCb9X17yrMB8WhCJa4WhfBeeCdZrWFcc6pump

Competition ends in two weeks from now.
Have Fun......Cheers