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Home»Web3»‘RNMD’ the Meme coin Degen’s New Best Friend
Web3

‘RNMD’ the Meme coin Degen’s New Best Friend

August 8, 2024No Comments2 Mins Read
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“It’s better to be loved for who you are, than to change to match what others want.”

— Chevy’s mom, after his crush laughed at his break dance performance in middle school.

This is a similar story ????

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

It works like this:

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

Do that thousands of times a day and you’re making a tidy profit!

Problem is, Vijay’s tech is too efficient for its own good. It takes a tiny amount of money and generates wild trading volume with it…

But exchanges don’t want a tiny amount of money locked on their platform (aka: Total Value Locked / TVL), they want as much TVL as humanly possible — cause it attracts more investment/users.

So now Vijay’s pivoting.

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

(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 it.

And more volume = more attention.

Problem is, it’s hard to generate volume on the cheap.

…but RNDM’s tech does exactly that.

Right now, it’s doing it for the majors (it’s generated 110M+ in volume across Base, Arbitrum, Avalanche, and Movement, with under $100k starting capital).

See also  Presail raises an additional $150,000 from SKY MAVIS Founders, 5 months after €3.8 million seed round.

But from here on out, RNDM is coming for the memes — allowing anyone to deposit in the hundreds, and generate volume in the tens of thousands for any random token.

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

Helluva concept!

Source link

Coin Degens Friend Meme RNMD
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