VanEck Investment Manager: Crypto projects should emulate the four key features of Memecoin
VanEck portfolio manager Pranav Kanade emphasized on X that there are four key aspects of Memecoin that all teams in the cryptocurrency field should learn and emulate.
1. Simplicity: Many teams have overdesigned their tokens, without realizing that time + capital + attention = scarcity.
About 600,000 tokens were issued last year, and competition for these scarce resources has intensified due to the convenience of token issuance.
Instead, focus should be on: simple token design, clear vision, demonstrating how execution of the vision creates wealth for token holders.
2. High circulation, low fully diluted valuation (low entry valuation);
3. Founder/team alignment: We can only get rich if we achieve our goals/deliver products as promised;
4. High transparency (for example, disclosing the cost basis of venture capitalists which is usually hard to find).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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