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I launched a Solana shitcoin....here is what I have learned in two weeks.
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<blockquote data-quote="Kathlyn" data-source="post: 17635" data-attributes="member: 958"><p>1. This is a lot harder than I thought, I assumed myself and another who launched (who does marketing for a large crypto company) would have been significantly better off than most random people that launch a token without much know how or experience in social engineering.</p><p></p><p>2. Telegram serves nothing other than confirmation bias -- people want to see that there is an active telegram, if you have bots that spam very well, with a lot of variance you're much better off than having either shit bots, or no activity....but TG is worthless, it's nothing more than confirmation bias.</p><p></p><p>3. Twitter / X is really hard to use now, the new algorithms are pathetic and I can't for the life of me figure it out (this is coming from an engineer who previously worked at Twitter)</p><p></p><p>4. People are really stupid, they assume every token starts at a $0 market cap....you're FAR better off starting at over $1m market cap than sub $100k because people see numbers like "$10 million market cap" and assume you went from 0 - $10 million.</p><p></p><p>5. If you have the money, work with a market maker to run a bot to facilitate massive trading volumes, you need movement in the chart, if not people take 1 look and leave.</p><p></p><p>6. Paid promotions on Twitter / TG calls are worthless, 99.99% of the time. It's rare, but you might find a rare person who doesn't have mostly bot followers who can be somewhat helpful...but mostly avoid it.</p></blockquote><p></p>
[QUOTE="Kathlyn, post: 17635, member: 958"] 1. This is a lot harder than I thought, I assumed myself and another who launched (who does marketing for a large crypto company) would have been significantly better off than most random people that launch a token without much know how or experience in social engineering. 2. Telegram serves nothing other than confirmation bias -- people want to see that there is an active telegram, if you have bots that spam very well, with a lot of variance you're much better off than having either shit bots, or no activity....but TG is worthless, it's nothing more than confirmation bias. 3. Twitter / X is really hard to use now, the new algorithms are pathetic and I can't for the life of me figure it out (this is coming from an engineer who previously worked at Twitter) 4. People are really stupid, they assume every token starts at a $0 market cap....you're FAR better off starting at over $1m market cap than sub $100k because people see numbers like "$10 million market cap" and assume you went from 0 - $10 million. 5. If you have the money, work with a market maker to run a bot to facilitate massive trading volumes, you need movement in the chart, if not people take 1 look and leave. 6. Paid promotions on Twitter / TG calls are worthless, 99.99% of the time. It's rare, but you might find a rare person who doesn't have mostly bot followers who can be somewhat helpful...but mostly avoid it. [/QUOTE]
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I launched a Solana shitcoin....here is what I have learned in two weeks.
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