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@lmrankhan the distribution question gets interesting when you map which protocols actually let users move between asset classes without friction. thats where the compound effect lives.

@lmrankhan 😟😟🤔🤔

@lmrankhan Imran, you should check us out @getFlipX , we simplified everything from normies, onboard them through memes and predictions. Keep them for perps and other verticals.

@lmrankhan youre not wrong but the real test is if they stay after the first -70% day most dont. they just blame the chain

@lmrankhan i receive this a lot. « Ooh, you’re building a memecoin trading app. » it’s not because one cycle is dominated by memes, that this will continue to be the case. you could say that defi protocols also were memes, if you follow their way of thinking.

If that’s the case it assumes very different audiences want the same experience for interacting with very different assets and markets. I find this extremely unlikely. Think of all the financial and cultural assets in our posts. Memes, stocks, time, people, etc. Why would a 13 year old girl betting early on the next pop artist that she then buys collectibles and time from want the same interaction with these assets as 30 year old crypto native trenchers. Yes there is a subset of assets, like really a subset, that can be plugged into trader first products but it’s not even worth thinking about the end state of that as anything close to an everything app.

@lmrankhan Bro, you get it. Onboarding through memes then expanding the menu is the play. Distribution wins it all.

@lmrankhan memecoins as a funnel is so real

@lmrankhan High IQ post here 👍

Honestly I don’t believe that memecoins are a good onboarding strategy. New users basically play hot potato and once someone burns their fingers they don’t just blame the product or the chain, but crypto as a whole. I would rather like to see onboarding through trustworthy assets such as stocks via Robinhood chain. Might as well built it myself now that Im thinking about this.

@lmrankhan tools that actually convert users

@lmrankhan Spot on, memes coins are the hook but the one that wins, will win in user experience. This is why robinhood does so well, and what FOMO and Pump lack. I do think there will be multiple winners, the same as there are multiple tradfi trading apps.

@lmrankhan In theory this makes sense but there’s been countless studies that the vast majority of traders lose money on memecoins (like 95+ percent) so find it hard to believe people losing money are gonna then use same platform for other trading

@lmrankhan I think UX will matter more than having the most features. The easiest app to use usually wins.

@lmrankhan yes. snapchat started with sexting, airbnb started with air mattresses, the next retail trading apps are starting with memecoins

@lmrankhan agrees. It has cultivated user habits, making it indispensable. Those who excel at playing Meme Coin actually possess stronger overall abilities; they are pioneers.

I agree. A connected but separate idea I don't recall who said first but many believe bringing gaming onchain would bring the masses onchain. I think it's turned out memecoin trading is the onchain version of gaming. Still gaming just in a different form and winning it still wins distribution to a massive audience you can sell anything else too.

@lmrankhan and one of your fav portcos :)) @o1_exchange

Agree just a note I don’t think Pump product (at least at its current form) is even remotely close to provide an everything trading experience it’s focused on Pump assets and a bit of Sol This is what I get on the with the recent update when filtering for all chains (except Sol)

Spot on Fomo has a lot of interesting data points Like isn’t it insane that ansem has 14k holders on the app but has only 1500 for wif It’s such a vastly different way of looking at consumer behavior too For example when a token gets verified all of there 300k users get a notification - can this be equal to moonshot or binance listing over time ? So much nuance to study

@lmrankhan Agree

@lmrankhan Hmm, that's an interesting idea, but that's what everyone's saying.

@lmrankhan Memecoins are just the front door. The real play is owning the whole house later.

@lmrankhan Isn't the everything app something Base is trying to build right now?

@lmrankhan Name 5 fomo users

@lmrankhan Everything app sounds compelling, very difficult to scale though

@lmrankhan Hi please send me a dm for collaboration 🔥