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Esoteric Monkey
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So basically sequence of even looking at "charity tokens" is PF did an update for launches to dedicate a certain of % fees to the designated charity.
In my honest opinion, I don't really care for it. It's a great cause overall to help the charities for the cause sure.
But let's be real here, the degen traders here are here for opportunity to trade and make money as the priority, not this update.
But then comes the idea of these launches going the distance right? We saw it potentially go for WISH and STJUDE. They had great runs respectively and has slowed down since with other charity tokens catching up to total donated #.
Is this good for the space? I guess in a sense - positive extraction? Either way, it has granted some opportunities for traders to participate in. How do you vamp a charity token right? You can just represent a charity for it and try to bait the X for some acknowledgement/gratitude right?
Then what comes after that? The ceilings talk that always gets brought up.
Not to talk down on the standard format launches of that - go for it. But in my eyes, it grants limitations in the target audience initially to these launches: Us, degens.
If the target audience were those who want to go donate, they would do so themselves on their own time, not from trading. So again, the update to the scene, I refused to think these would only top out around 1-3m~
So I thought about it and figured a possible solution to the ceilings on the coins in these regard.
Represent the designated charity token in a memetic fashion.
ie: $BOOB @boobillions has shown this for the last 4 months. They are not part of the leaderboard but have been affiliated w/ the charity AND arguably one of the 'relevant' coins among the sector.
-self explanatory: it represents boobs as shilling + boob charity
Another recent one I picked up was $RJGN (RetardedJewishGayNigga).
WTF?! That was also my reaction to this coin, especially after I clicked buy + dca'd LMAO.
Thesis is simple: The target audience is us degens right. CT crowd is filled with a lot of internet personalities whether you like it or not. It is filled with many traders that are very creative with imagination, autismo, retardation, racism, religion, woke, everything !
You get the point.
They dedicated 4 of its charities relating to the Jewish Federation, Autism,Gay+Lesbian and Black Woman's Health LOL. The exodia of charities if I ever saw one.
This is where it made sense for me. If the coins can maintain vol/mindshare interest then I think this could do a good deed by donating for one, but also seeing multiple runners of just creative ideas (if any) that can create more success stories.
These coins do not need any endorse/acknowledgement at all. It's all pure vibe trading on these memetic coins representing the charity of choice + rest up to the community to expand it even further or not.
I also found it quite hilarious if it were to somehow be at the top of the leaderboard over Wish and StJude LOL. Just good what ifs, no ceiling targets, just vibe trading till satisfied. None of the sell shaming noise from those getting burnt on the trades - like bro you aped a coin called RetardedJewishGayNigga LMAO !
Again this is all hypothetical if it were to all work out. I like to joke around saying this as the "modern day ticker BITCOIN HPOS10I." In prime days, had elite content and shill game by being absolutely retarded it was amazing.
Something so dumb it could work or expectedly fail. I've taken my bets for now and I will likely dump on you and I truly will never care when I do so save the crying for later and take accountability ok.
But that was my take on these charity coins. If you made it this far ur an unc (bc zoomers have giga low attention spans lol)
Cheers
pow🧲@traderpow
@miragemunny I actually don’t think trenchers care for charity coins unless they are positioned in specific ones and can make money off of it. But if we put some left curve logic and some fun in it, then I believe there is a chance. Maybe I will go write out the thesis later
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@0xFrenxbtdotxrp the lonely banana seems to peel himself at night
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