• 15 Posts
  • 115 Comments
Joined 1 year ago
cake
Cake day: June 2nd, 2023

help-circle




  • How to make money with shitcoins 101:

    1. Pay some $100k to some dev to create something the slightly differs from the existing ones

    2. Pay some millions of dollars to some marketing agency to find a way to get this shitcoin popular. A funny name, a funny icon, or some solution in search of a problem. Something like “this shitcoin can lower the transfer fees of other shitcoins and also if you hold the bag you get 69% APR”

    3. When it launches you immediately buy it for pennies, or even directly access some premined quota (like 30% of whole distribution) that the dev left for you

    4. When idiots buy it, raising the price, you slowly dump it

    5. Clueless people did the staking (lock them for a year) of millions of “cat coin”, worth $1 each at the time thinking that they are going to get 69% APR. They actually get the 69% APR, but the problem is that each “cat coin” after a year is worth $0.000001 each