The Unexpected Benefits of 'Useless' Memecoins
Dec 25, 2024

Amy

Hey, have you heard about the five real use cases for memecoins? People say they're 'useless,' but that’s not entirely true.

Sam

I thought memecoins were just jokes, like Dogecoin or Shiba Inu. How can they have real uses?

Amy

They can actually do a lot! For example, they’re great for getting around strict securities laws in places like the US. Because memecoins don’t promise anything—no product, no profits—they don’t count as securities.

Sam

Wait, so their 'uselessness' is... useful? That’s pretty ironic!

Amy

Exactly! It’s safer to release a memecoin than a token with a real use case sometimes. Plus, memecoins are fun and easy to create, so they spread like wildfire during tough regulatory times.

Sam

Okay, but what else can they do? I mean, besides dodging laws.

Amy

They can reflect the political or cultural mood. For instance, people create memecoins to support or troll politicians. It’s like expressing your opinion with money—and memes!

Sam

So, kind of like campaign donations, but way more chaotic?

Amy

Pretty much! And some memecoins also raise money for charities. Dogecoin, for example, has funded clean water projects and other good causes. The ‘Neiro’ memecoin is even helping Shiba Inu dog rescues worldwide.

Sam

Wow, I didn’t know memes could save dogs! But aren’t these coins still super risky?

Amy

Of course. Many memecoins fail, but they’ve also inspired innovation. For example, some memecoins fund AI projects. Have you heard of AI agents?

Sam

Uh, not really. What are those?

Amy

AI agents are like bots that can perform tasks for you. Some memecoins are tied to projects creating AI agents for trading or managing crypto portfolios. It’s still early days, but the combination of AI and crypto is pretty exciting.

Sam

That sounds futuristic, but it’s cool! Anything else memecoins are good for?

Amy

Yes! They’re also fairer for regular investors. Unlike other tokens that give early access to venture capitalists, memecoins usually don’t have locked-up supplies or insider deals. So anyone can join from the start.

Sam

Oh, I get it. So no big guys dumping coins on little guys later. That makes sense.

Amy

Exactly. Memecoins might look silly, but they’ve brought fun, fairness, and creativity into crypto. Just remember, they’re still very risky!

Sam

Got it. I’ll think twice before diving into memecoins, but it’s cool to know they’re more than just a joke!