Hello, this is Coinscript.

In today’s episode:

• How to create Memecoins.

• How to trade Memecoins.

Creating And Buying Memecoins Explained

We have all heard of “investors” who made millions with crypto overnight and if you envied them, you are not alone!

Life would be much easier, right?

So, what is stopping you?

Today, I’ll explain how to make a buy-in of those tokens even before they hit the market and how to create one!

How To Create Memecoins Using Pump.fun

What is Pump.fun?

It’s a platform used for easy creation and trading of Memecoins. You can literally make one in seconds. Here’s how you do it:

STEP 1: Connect your wallet

Visit Pump.fun and connect your Solana-supported wallet.

Ensure that you have enough funds in your wallet to pay a fee for creating one (0.02 SOL).

STEP 2: Create your Memecoin

Click on the link “Start a new coin” and fill out the forms below:

After that, you are all set!

But now what?

You get a chance to be the first one to buy the actual Memecoin before all the traders and bots.

What happens to your memecoin after creation?

The coin now enters the so-called bonding curve.

A bonding curve is a predefined formula or mechanism that helps to set the price of each token based on demand.

Example:

The first coin costs $1, the second $2, the third $4, and so on.

The coin then stays in the bonding curve until it hits the market cap of around $85,000.

After hitting that number, the coin finished the bonding curve and now enters the open market.

Price on the open market fluctuates based on actual demand and the coin now becomes accessible on DEXs (decentralized exchanges) like Raydium.

How To Become an Early (or First) Investor of a Memecoin

Buying and selling Memecoins is actually as easy or even easier than creating one of your own.

You have three options.

Option 1: Buy it on it’s bonding curve

Option 2: Buy it on DEX (decentralized exchange)

Option 3: Buy it on CEX (centralized exchange)

Option 1: Bonding curve

You can buy a coin while it’s still on its bonding curve.

You can do that by simply connecting your wallet to Pump.fun and choosing a coin of your liking and buying it through their very simple interface.

Option 2: DEX (decentralized exchange)

You can also do that on decentralized exchanges where tokens are bought in liquidity pools. We’ll talk more in detail about those in the upcoming emails.

You basically connect your SOL wallet to any of the DEXs of your liking, Raydium for example and swap your SOL for a coin that you want to buy.

Option 3: CEX (centralized exchange)

After the coins reach a certain popularity or market cap, they can be added to your traditional exchanges like Binance or Coinbase.

With centralized exchanges, you can usually trade coins directly with your fiat currency like U.S. dollars or EURO.

This is all for today, talk to you tomorrow when we’ll talk about if investing in Memecoins even is a smart idea?!

Tom

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.