Token Creation on Solana (Token Stats, Airdrop etc.)

[SOLorwhat]

Dear Altcoin Forum.

During the past weeks I spent some time playing around with creating Tokens on the Solana Blockchain. I know, that there are tons of Websites like pumpfun etc. but for the sake of a learning process, I decided to code it by myself and coded yome JS and PY files that actually work.

So at the moment I am able to create, mint, send, receive tokens on the Solana blockchain. I was even able to set the metadata. Further I experimented with some airdrop mechanisms to get familiar with that...

Reason is, that if you want to create an "attractive" token, the stats must match. Or in other words:
- low dev holding (<5%)
- low top 10% holding (>10%)
etc.

Now, when analyzing other coins, I recon that some coins have perfect stats and also look great in the bubble charts (independent bubbles).... But I was never able to reproduce this kind of token distribution.

Is there anyone who is an expert in this field?

[TomPluz]

I am never an expert in token creation and I am sure I will never be but I am really curious on how easy (or difficult) as well as the cost of creating such a digital asset and in this case under Solana network which is popularly known to be home for many popular memecoins. So can we considered what you create as another memecoin? If that is the case, I am suggesting that you ride under a popular or trendy narrative so you can have more chances of being successful. At any rate, it would be lovely if you can update us here with your Solana journey.

[SOLorwhat]

Great to hear your feedback.

As cool and fancy it might sound first (to have your own memecoin). Reality is, that a couple of thousand (if not 10-20k) Memecoins are launched daily. So, chances that "you" (or me, or any other random person) launch a solana memecoin that sky rockets to Milllions in market cap is... low!

However, it is still fun to experiment with the technology and play with it. And as the reality shows, there are a lot of tweaks necessary to have a memecoin up and running AND to look "healthy" to the eyes of an investor. This means you have to have a good "Developer Holding" of less than 5%, a reasonable "Top 10 Holders" ratio of maybe less than 10% and so on. I can assure you: having just a viral topic is not enough. There are thousands or possible viral topics out there, but only a few make it through - because of the stats....

You can compare it to a company (or any other crypto currenvy). Just because it looks cool, people do not invest. People invest because thy see a narrative and a reasonable "setup" with legit numbers. Otherwise you risk to be seen as a scammer who just wants to steal the money. And we all know that this approach is toxic to the blockchain community...

But my reason for posting this thread on here was to find anyone who is really familiar with the stats and airprops etc....


But maybe this motivates some of the readers to reply

[joniboini]

Based on your reply, it seems like you know a meme token needs hype and good stats to succeed. Does this mean you have already tried to do viral marketing or something similar to push your project to social media? Or do you think this is the wrong approach? I don't look into token distribution stats that much, but I do realize that successful meme coins have strong community support, which usually means strong marketing. Let's say you copy their stats 1:1, that doesn't mean anything if nobody is willing to buy because nobody talks about it. CMIIW.

[SOLorwhat]

You are totally right!

I would say: both is required.

To put this in perspective: $PEPE, $SHIB etc. are exceptions... And yes, you are lucky (or incredibly skilled) if you setup a Memecoin that goes to similar heights (Millions in MCAP). But the reality looks a bit different.

Yes, I set up several memecoins (which I will not name here) for testing purposes and guess what. Nothing happens at first. I am sure, if you build up a community on X, TikTok and insta with several 100k followers, there are good chances that if you launch the coin, you will reach a significant market cap. But even then: People invest only in good stuff. So if you just build a community to shill coins I guess the crowd will punish you for that.

On the other hand you have to start somewhere and that is my point. I would argue that you need good marketing, an attractive narrative AND good stats...

But what are good stats. I would argue:

1M to 1B Tokens, whereas less than 5% is held by the dev wallet, less than 10% is held by the top 10 holders, a liquidity pool of around 60-80%, revoked mint authority*

* this means that no entity is allowed to generate more tokens after launch. Or in other words, no FED can print any money after the tokens has been launched

BUT:  if anyone of you can prove me otherwise - go ahead...


So in conclusion I would say: What ingredeints are required (next to good marketing and an attractive narrative) to set up a stable, reliable memecoin. Specially in regards to token distribution (e.g. Airdrops).

[albon]

Currently to hype a project you have to push it on social media. And with this hype the project will quickly reach everyone's attention. Hype and good statistics are needed for the success of a meme token. Some projects launch a program called airdrop and then quickly reach people through twitter. There are also some communities that are able to quickly hype a project through twitter. Meme coins have strong community support, which usually means strong marketing. However, over time the people are now refraining from participating in airdrops especially people are refraining from investing.

[SOLorwhat]

yes you are right...

but this is exactly my point I am trying to make: it is definitely not just about good marketing and a viral topic. There is so much more to it when it comes to tokenomics and token distribution. I hoped anyone could help me on that in here...

[ZAINmalik75]

Based on your reply, it seems like you know a meme token needs hype and good stats to succeed. Does this mean you have already tried to do viral marketing or something similar to push your project to social media? Or do you think this is the wrong approach? I don't look into token distribution stats that much, but I do realize that successful meme coins have strong community support, which usually means strong marketing. Let's say you copy their stats 1:1, that doesn't mean anything if nobody is willing to buy because nobody talks about it. CMIIW.

Meme coins are fully community driven coins therefore, if any community is not talking about it, then getting trading volume is impossible. The very first job of these meme coin projects is to make their Twitter account and shill their project on Twitter and on Telegram and they partner with many shillers to do this work.

As you mentioned even with fully 1:1 copy pasting, the project can't be successful if no one is talking about it. For success it needs community support and others talking about it.

[SOLorwhat]

Yes I full agree...


Did you launch a Meme Token before? Would be great to participate from your experiences.

But still... there is this other aspect, that cannot be negelcted. And that is: Tokenomics. Yes, we need a viral topic, a community, a sense of purpose etc... BUT: there is this aspect of tokenomics. Let me give you an example:


Say we create a token on the Solana Blockchain. We call it "Coin123". We create our webiste, our Twitter/X, our Instapage. So we roll out every social media channel we have and advertise. And for the sake of this example we have good interaction the community. Let's say, they interact, post stuff - even buy the shirt!

But what about the numbers?
Let's say we create 1 Billion Tokens. How do we distribute them?

What is your guess of a reasonable Dev Holding? What amount should be held by early adopters? And do we distribute this via Airdrops? Or early buy slots? How do we make sure, that this token looks "attractive" and not like a scam...?

If a possible buyer sees that the Dev holds 25%, the top 10 holders hold another 50%. What is the logical conclusion? The chances that this is a scam are, let's say "present".  And if so, no one will buy the coin. Even if there is a strong community identification. And that is the point I am trying to make:

Given a good marketing, a good community etc. - What are ideal tokenomics that the token looks "legit" and not like a scam?
I hope I did not lose the reader with all that numbers...

[Lucius]

How do we make sure, that this token looks "attractive" and not like a scam...?
~snip~

You need a lot of money and experience to sell a scam as something legitimate and attractive - let's say like famous people do when they launch their meme tokens that explode in one day and then go back practically to their initial price (or a little above that).

In other words, every coin/token without meaning or purpose is essentially a scam aimed at making as much money as possible before everything collapses.

[Crwth]

I know that many people can easily create their own tokens with the Solana chain. Because it is easy, fast, and, most importantly, cheap, I don’t think you need an expert now unless you are trying to push it out and have a marketing team or something.

If you are looking for memes, you are on the right track.

[Aanuoluwatofunmi]

Just as you have done with yours, same have we found with so many other projects that were just nothing than a test running, which you may also find out that  so many investors are taking their time to invest on what does not have visible utility yet, which is similar to a test net project, that is why it hurts me seeing that a newly project easily fades away and fail to perform well as it goes, because of related reasons in this manners.