Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Woody on July 25, 2023, 08:08:09 AM
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Summary of the project (please refer to the project's Whitepaper for more details):
Baka Casino is a revolutionary blockchain casino platform that combines memes and gaming to create a fair, transparent, and secure gambling experience. The BAKAC coin is a unique MEME coin specifically designed for the community and will be utilized in various activities, such as online casino games.
The project's goal is to build a community around the MeMe Baka Cat (which translates to a silly cat 😊) and utilize the humor of memes to attract users. BAKAC adopts a fair distribution model and token burn mechanism to increase its value.
The project offers diverse applications, including online casinos, sports betting, trading, and support for in-game purchases and meme-related games. In essence, BakaCasino provides an exciting and promising opportunity to engage with the Baka meme community and participate in the development of the BAKAC COIN. However, users should exercise caution before investing in this cryptocurrency.
First, let's explore the history of the two largest MeMe Coins in the market, MeMe DogeCoin and MeMe Shiba Inu, and then directly compare them to MeMeCoin Baka Casino in terms of community and market capitalization. In the cryptocurrency market, these two factors are crucial for investment decisions, in addition to the marketing process, which was discussed in a previous section and will be reiterated at the end of this article.
In the beginning, let's take a look at the formation of the community of MeMe DogeCoin and then evaluate and assess the community of Baka Casino.
Dogecoin was created by developers Jackson Palmer and Billy Markus in 2013.
Reddit users took on the task of creating entertaining content and were rewarded with Dogecoin. They also tipped each other on social media from the early days of Dogecoin, and the community formed from there.
Jackson Palmer (co-founder of Dogecoin) stated: "It's one of the few digital currencies that are primarily used as a currency, rather than bought into as an investment speculative asset. It's being used regularly for tipping rather than being held and waiting for volatile markets to sell it. That's what keeps Dogecoin alive."
It seems they were very successful in creating a community right from the start on Reddit. And as you've also seen, anyone involved in the cryptocurrency market knows the coin with the silly name "Doge"coin.
Billy Markus, co-founder and inventor of MeMe Dogecoin, also reaffirmed this: "Perhaps it's the very nature of being unserious that's brought its success. This currency has competed directly with the big boys of crypto and even now sits among the top 10 coins by market cap. The ludicrous price of MeMe Dogecoin once attracted attention, but it's the community that's kept people around. It's what makes this currency different." This was the period when MeMe Dogecoin reached its peak!
According to data from CoinMarketCap, the lowest price of MeMe DogeCoin was $0.000066, reaching its peak at $0.74, which represents an increase of approximately 10,000 times. And, of course, no one expected that one fine day, Elon Musk mentioned MeMe DogeCoin, which led to such significant growth.
MeMe Baka Casino is building its own community in the casino sector, allocating 80% for airdrops and use in online casino games. The project is dedicating 80% to the community (users can participate in airdrops to receive it for free or engage in buying and exchanging it on PancakeSwap). It is worth noting that in the United States, states or cities that have casinos generate revenues in the billions of dollars per month, and this is considered normal. You can find more information on this topic here:
In my personal opinion, I believe the initial steps taken by the project to create and engage the community are of high quality. Just having a single online casino platform utilizing Bakac would likely lead to a market capitalization in the billions of dollars, which is considered normal. At that point, the price of Bakac would have shed two zeros, meaning it would have increased by over 100 times compared to its current value, without the need for any celebrity endorsements.
A prime example is MeMe PePe, where a Twitter account with the name PePe was created just this April, along with some marketing tweets, and it achieved a staggering growth of 21,000%. It is now listed on various major and minor exchanges like Binance and Mexc. Can you believe how insane this is?
Therefore, I assess the Baka project as quite promising in the long term if it receives support from the casino-playing community.
At that time, you won't find me on the forums anymore; if the opportunity arises, let's meet in Dubai =)))). Just kidding, of course.
Now, let's compare the market capitalizations of MeMe Shiba Inu and Baka Casino, as they are relatively similar.
Regarding the formation of MeMe Shiba Inu, as I mentioned in the previous article, I won't repeat it here. You can refer back to the previous post.
The ecosystem seems to be in place, but the #DevelopmentTeam appears to be working at a slow pace. The token burn mechanism aimed at reducing circulating supply in the market is considered ineffective.
However, despite lacking extensive technology or applications, the price of MeMe Shiba Inu increased by 10,000 times, reaching a market capitalization in the tens of billions of dollars. Once again, it's worth mentioning that both MeMe DogeCoin and Shiba Inu achieved such significant growth thanks to their communities and, eventually, getting mentioned by Elon Musk. During the 2021 uptrend, Shiba Inu's market capitalization reached nearly $45 billion.
Currently, the total supply is close to 590 trillion tokens, with a market capitalization of nearly $5 billion, according to CoinMarketCap's data.
The total supply of Bakac Coin is 900 trillion, assuming it is double the total supply of Shiba Inu. If Bakac Coin reaches the current price level of Shiba Inu during an uptrend, its market capitalization would be $2.5 billion. This scenario seems quite straightforward if Bakac Coin is adopted within the online casino industry.
Baka Casino aims to become a leading coin in the gambling sector. The project's goal is to create a diverse ecosystem of applications and platforms for users to engage in online betting activities, from simple games to professional betting platforms. This is the project's vision for the future. However, just like MeMe DogeCoin and Shiba Inu, the future remains unpredictable.
What I'm saying is that if the project achieves its goals, it will undoubtedly yield significant profits. The project has plans to reduce the initial token supply by burning tokens and creating scarcity, thereby boosting the token's value growth. Currently, Bakac Coin has a market capitalization of over $1 million, which is relatively high compared to thousands of other MeMe Coins. It has garnered global media attention and achieved recognition within the Casino Fomo community, making it potentially promising for the next growth season. The biggest risk is if the project only sells the coin and ceases its operations.
From this comparison, we can observe that both MeMe Shiba Inu and MeMe Baka Casino implement mechanisms to reduce token supply inflation. However, up to this point, Shiba Inu's token burn mechanism has not been very effective, while for Bakac Coin, we need to wait and see how it performs in the future when the project generates profits within the billion-dollar casino industry. The crazy thing about MeMe Coins is that they can experience astronomical price surges without requiring advanced technology or real profits.
Regarding the marketing of Baka Casino, I reiterate the 5 processes that I mentioned in the previous article, which are based on personal experience and can be used as a reference:
Meme coins gain their reputation and insane growth mainly through the following stages:
Stage 1: Meme popularity: Meme coins are often built around popular memes or images and slogans with strong viral potential on social media. The recognition and connection with familiar memes can attract attention and empathy from users. This is the initial stage of a MeMe Coin project.
Stage 2: Creative marketing campaigns: Some meme coins have launched creative and unique marketing campaigns to attract user interest. This may involve the use of images, videos, music, or social media campaigns to generate excitement and curiosity among users. Getting articles written about the coin or simply mentioning it on various news outlets can be a significant boost.
Baka Casino is currently in Stage 1 and 2, and the project has been performing well. The next stage could see major news outlets or prominent Twitter accounts with large followings writing about it, potentially driving further price increases. Entering Stage 3 could be swift, given the project's advantage of catching the attention of the community.
Stage 3: Social media buzz: Meme coins typically spread rapidly across social media platforms like Twitter, Reddit, or crypto forums. Sharing and discussing a meme coin can lead to rapid growth and community interest. This stage could involve rapid listings on both decentralized and centralized exchanges.
This stage seems to fit the current market conditions, as demonstrated by PePe's listing and trading on major exchanges like Binance within just 10 days of its launch. Notably, PePe was also traded on MEXC exchange and its price increased tenfold in the same timeframe. Anything can happen in this crazy market.
Stage 4: Support from influential crypto figures: When celebrities, investors, and experts in the cryptocurrency industry mention a specific meme coin, it can attract significant attention and interest from the crypto community. For example, figures like Mark Zuckerberg and Elon Musk have contributed to the reputation of some meme coins through social media posts. This is the time when the coin's price experiences explosive growth, achieving enormous market capitalization. It's the profit-taking moment for "MM" (Moon Mission).
Stage 5: Rapid price appreciation: Meme coins are often invested in with the aim of rapid price appreciation and high short-term profits. This creates excitement and attracts investors seeking quick returns from meme coin trading. However, it's crucial to remember that what goes up quickly can also come down quickly. Understanding the stage a coin is in is essential when making decisions.
Stages 4 and 5 are yet to come, and it's anyone's guess if one day Baka Casino will be mentioned by famous personalities or casino industry tycoons and take off like a rocket. Or perhaps it may not get that kind of attention at all.
This article aims to provide information and objective assessments. Always remember to fully understand the nature of MeMe Coins before investing. We cannot predict what will happen in the future. All projects in the cryptocurrency market come with risks and opportunities.
All information provided here is for reference purposes and should not be considered as investment advice!
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I think the Baka Casino project is very interesting and has great potential.
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I think the Baka Casino project is very interesting and has great potential.
Potential opportunities? This project is just another ordinary MEME coin.
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I think the Baka Casino project is very interesting and has great potential.
Potential opportunities? This project is just another ordinary MEME coin.
Exactly, I don't understand why this project is being compared to big projects like MeMe DogeCoin and MeMe Shiba Inu.
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I agree with u, it's just another meme project with nothing special.
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I agree with u, it's just another meme project with nothing special.
Hold on, this project has focused on building a community using memes, which could attract many users.
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I agree with u, it's just another meme project with nothing special.
Hold on, this project has focused on building a community using memes, which could attract many users.
That's right, creating a community can definitely help the project grow stronger.
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I agree with u, it's just another meme project with nothing special.
Hold on, this project has focused on building a community using memes, which could attract many users.
That's right, creating a community can definitely help the project grow stronger.
But I don't believe that memes can make a difference in a project like this.
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I think we need to look at the project's goals. If they have plans to develop casino applications and promote the use of tokens in games, that's a positive sign.
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I think we need to look at the project's goals. If they have plans to develop casino applications and promote the use of tokens in games, that's a positive sign.
But can they really achieve those goals?
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I think we need to look at the project's goals. If they have plans to develop casino applications and promote the use of tokens in games, that's a positive sign.
But can they really achieve those goals?
It depends on how they execute the plan and attract a large enough community of players.
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Exactly, if they do it well, reducing token supply and creating scarcity could increase the token's value.
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Exactly, if they do it well, reducing token supply and creating scarcity could increase the token's value.
I don't see significant opportunities for this token. It's just a risky choice.
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Exactly, if they do it well, reducing token supply and creating scarcity could increase the token's value.
I don't see significant opportunities for this token. It's just a risky choice.
True, but this is a market full of risks, and sometimes smaller projects can generate significant profits.
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I still don't trust this project
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I still don't trust this project
Everyone has their own perspective and needs to evaluate carefully before making an investment decision.
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I still don't trust this project
Everyone has their own perspective and needs to evaluate carefully before making an investment decision.
Right, I agree with E's opinion. Thorough consideration is necessary before investing in any project.
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I still don't trust this project
Everyone has their own perspective and needs to evaluate carefully before making an investment decision.
Right, I agree with E's opinion. Thorough consideration is necessary before investing in any project.
Of course, don't glance at the risks when investing in cryptocurrencies.
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I still don't trust this project
Everyone has their own perspective and needs to evaluate carefully before making an investment decision.
Right, I agree with E's opinion. Thorough consideration is necessary before investing in any project.
Exactly, I think careful evaluation is the most important.
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I still don't trust this project
Everyone has their own perspective and needs to evaluate carefully before making an investment decision.
Right, I agree with E's opinion. Thorough consideration is necessary before investing in any project.
Exactly, I think careful evaluation is the most important.
I don't see this project as worth investing in.
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[/quote] I don't see this project as worth investing in.
[/quote]That's entirely up to you. Please gather more information before making a final decision.
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That's why we need to carefully consider and compare before making a decision.I feel that building a community around MeMe Baka Cat can make this project stand out.
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That's why we need to carefully consider and compare before making a decision.I feel that building a community around MeMe Baka Cat can make this project stand out.
But the community may not be big enough to sustain the project in the long run.
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That's why we need to carefully consider and compare before making a decision.I feel that building a community around MeMe Baka Cat can make this project stand out.
But the community may not be big enough to sustain the project in the long run.
That's true, but if they develop attractive applications, the community could keep growing.
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That's why we need to carefully consider and compare before making a decision.I feel that building a community around MeMe Baka Cat can make this project stand out.
But the community may not be big enough to sustain the project in the long run.
That's true, but if they develop attractive applications, the community could keep growing.
I don't believe this project can compete with other big projects in the market.
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That's why we need to carefully consider and compare before making a decision.I feel that building a community around MeMe Baka Cat can make this project stand out.
But the community may not be big enough to sustain the project in the long run.
That's true, but if they develop attractive applications, the community could keep growing.
I don't believe this project can compete with other big projects in the market.
But most meme projects eventually fail.
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$350,000 for 100,000 wallet addresses so each wallet gets $3.50 at current prices. It's too little for people to care about the project.
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$350,000 for 100,000 wallet addresses so each wallet gets $3.50 at current prices. It's too little for people to care about the project.
the project wants to be community-oriented, that's understandable
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Maybe the project has good potential, but I would advise beginners to get some money for easy investments now. You can participate in web3quest from TFS https://zealy.io/c/fairspin/questboard (this is not a referral link). There now easy quests for which you can easily get a part of the prize fund. So try to participate, you still have time until July 27th
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Maybe the project has good potential, but I would advise beginners to get some money for easy investments now. You can participate in web3quest from TFS https://zealy.io/c/fairspin/questboard (this is not a referral link). There now easy quests for which you can easily get a part of the prize fund. So try to participate, you still have time until July 27th
good idea. Why use your money that can be lost on investments when you can use your winnings or giveaway money?
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How did bakac coin earn the title of top meme coin 2023 and how has it captured the imagination and humor of the crypto community?