Why You Don’t Want to Miss This Memecoin!

Unfortunately, integrity is not something you often encounter in the crypto space. Whether it’s rugpulls, exploits, scams, or greedy devs and VCs/Seed Investors, it seems like someone is trying to take advantage of you. And now dishonesty is infecting the entire space. For example, I recently participated in an ‘airdrop’ campaign for ‘points.’ I had to check in daily for about one month, like and repost Tweets, and finally spend 20 minutes in Discord verifying my humanity. My airdrop is worth $3. $3?!

I’m not here for this. I don’t want to be scammed or robbed or to connect to a malicious site that drains my wallet. I don’t want to ask a question on Telegram or Discord and get a dozen calls and messages from ‘admins’ eagerly looking to help me when they want to steal my money. I don’t want to provide free advertising or liquidity in exchange for nearly worthless points.

I’m here to invest, make money, and be part of real communities with good people. And I thought memecoins were the answer to this. But as I’ve entered the meme space more, I realize that not all memes are created equal. Scammers and disingenuous influencers are stealing your hard-earned funds.

This article contains some disturbing information that should upset you. It also contains some amazing information that will, hopefully, make us money. And by us, I mean you and me, not some group of scammers and thieves.

Please don’t throw up.

For every legitimate memecoin, there are probably at least 100 scam memecoins. And I use the term ‘legitimate’ very loosely. As I’ve researched more about memecoins, I’ve found some disturbing news.

Do you know those influencers on X (formerly Twitter) who are shilling the next best memecoin? Many aren’t doing it because they believe in the project. They went to the BitBoy School of Integrity and demanded payment to mention the project. Some of these influencers ask for payment in the token (probably intending to dump it on their followers).

I will discuss a project that operates with integrity in a moment as they share this unsettling information with me. But before I do that, I want to share some examples of conversations a supportive community member had with other popular influencers (not myself). I have blacked out names because I’m not trying to dox anybody. However, this illustrates that your favorite influencer may be nothing more than a paid-off grifter.

I can share another half dozen examples, but you understand. Many (but not all) of these X influencers are paid guns for hire. As you can see, it’s hard to know who you can trust (if anybody in the crypto space).

Fuck the Cabal!

In my search, I found one memecoin that passed my sniff test. Before investing, I implore you to check the token yourself. The token is called Based Chad ($CHAD) and trades on the Base Chain. The contract ID is 0xecaf81eb42cd30014eb44130b89bcd6d4ad98b92.

At the time of writing, CHAD has 10,212 holders, a $4M market cap, and $1M in liquidity. It launched on March 19, 2024, making it a teenager in terms of memecoin age. However, most projects rug in the first days or weeks so I feel good speculating on this memecoin.

Here’s why I like and have invested in CHAD:

• The community is fun and has integrity. As I’ve shown you, community members (like myself) are interested in sharing this opportunity. Nobody wants to buy influence or hand over precious tokens that will be dumped to get a Tweet.

• CHAD resides on the Base Chain. Coinbase will launch a brand new smart wallet and wants to onboard 100 million normal people into crypto. Doesn’t owning a memecoin on the fastest-growing Ethereum Layer 2 make sense?

• The current market capitalization is $4M. $TOSHI, one of the largest Base memecoins, peaked at a $311M valuation. This means there is plenty of potential upside for CHAD and CHAD holders.

• It’s showing strength in a relatively weak market. It had its initial pump-and-dump and returned to life after a decent accumulation period.

• Chad is very memetic. He embodies the alpha male, which many people can relate to. Men want to be Chads, and women want to be with Chads. I don’t make the rules.

Key Takeaways

After an adrenaline-filled first quarter, the crypto market is hitting a lull. Degens still want to degen. So, investing in projects that can grow into the next bull phase makes sense. Solana fell apart when transaction volume picked up, and I’m hoping that Base becomes a major narrative in this bull run.

If you want to learn more about Based Chad, the official website is https://www.basedchad.io/. There, you can find instructions on how to buy CHAD. Also, there is a very active Telegram group that you can join: https://t.me/basedchad6969. I also encourage you to check out the official X page: https://twitter.com/BasedChad6969.

I hope this article gives you pause before unquestioningly aping into a memecoin because a popular influencer mentions it. It’s impossible to know their intentions and if it’s paid publicity.

Finally, if you like this article, please give it a thumbs up and share it. If you want to comment on whether you like the first Chad meme or the second one, I’d be curious to know. Share your thoughts in the comments. Thanks for reading!

This information should not be taken as investment advice. Memecoins are extremely risky and often go to $0. Digital assets like crypto and NFTs involve risk, so you should always perform due diligence before investing. I am a CHAD holder and member of the Based Chad community.

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