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Home»Web 3»‘RNMD’ the Meme Coin Degen’s new best friend
Web 3

‘RNMD’ the Meme Coin Degen’s new best friend

2024-08-07No Comments2 Mins Read
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TL; DR

Full story

“It is better to be loved for who you are than to change to fit what others want.”

— Chevy’s mother, after his crush laughed at his breakdancing performance in high school.

This is a similar story 👇

Our friend Vijay has created a crypto integration (called RNDM) that’s a little too effective for its own good…

It goes like this:

Say someone offers to sell 1 ETH for $2900, but all buyers on an exchange are only willing to buy for $2899, then RNDM comes in → makes up the $1 difference → and gets a small return from fees and airdrop allocations .

Do that thousands of times a day and you’ll make a tidy profit!

The problem is that Vijay’s technology is too efficient for its own good. It costs a small amount and generates wild trading volume…

But exchanges do not want a small amount of money on their platform (aka: Total Value Locked / TVL), they want as much TVL as humanly possible – because it attracts more investments/users.

So now Vijay is running.

And the pivot speaks so clearly to our degenerate hearts that not only do we want to talk about it, we even offered to write the copy of RNDM.

(No sponsorship, no token allocation – we just like the idea).

So, what’s the play? Let’s start here…

Meme coins are an attention game. You know it. We know.

And more volume = more attention.

The problem is that it is difficult to generate cheap volume.

…but RNDM technology does just that.

Right now it’s doing this for the majors (it’s generated over 110 million in volume across Base, Arbitrum, Avalanche and Movement, with seed capital of less than $100,000).

See also  Sim swapping attacks are Crypto's "ugly new friend".

But from now on, RNDM is coming for the memes – allowing anyone to deposit in the hundreds and generate tens of thousands of volumes for any given token.

Making the meme coin trading smoother (buyers/sellers get the prices they want) and thus growing the overall pie.

Helluva concept!

Source link

Coin Degens friend meme RNMD
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