I was approached by a "team" recently and asked if they could give me fees from their solana memetoken because I was the last standing member, or the only one who replied from the original coin back in the day, over 12 years ago. 

Naturally this sounded too good to be true, but I figured I'd check out what they're talking about. 

I don't know much about solana but I know it's infested with tens of thousands of daily tokens being created, if not more. People basically rugging others over $2, etc. 

The idea here was, that my "presence" would legitimize their token and that the trading fees it generates would go to me and this would for some reason create volume and legitimacy of the token. Obviously nothing was discussed about how the token was launched (I've heard a lot of bad stories there), for instance if the team was going to buy up the token at dirt cheap prices at launch or the usual snipers that bribe validators to allow their transactions to go through first to get tokens cheaply, etc.

So I had my fair share of criticism about it from the get-go. 

The team did a few AI banners/symbols for the token and some AI video clips related to it and they were busy "onboarding" people to an x community. 

In the end I decided to not go forward with it, even if me as the fee receiver wouldn't be to blame as to what happens with the coin, it still didn't feel right. The "team" also didn't strike me as professional or that they really had much weight to make anything last longer than a few hours, nor did it seem like there was a real community out there interested in it. 



![image.png](https://files.peakd.com/file/peakd-hive/acidyo/23xeorzCG7afzqsDCDJwjF3QAAFHQ8D6TvWaEnqQeoUedh35QTW3BFp3VdP5WX2NmkS9A.png)



Either way, it got me thinking. 

Most of these coins that get launched on there end up dead within minutes. 
Communities are only generated if the coins go somewhere, like we saw with the recent memecoin for Punch, the sad little monkey, or that other animal last year from a zoo in Thailand, I forget what it was called. 

If the goal is to _not rugh_ people, but create a legit memecoin, how would one go about it? Like, is there a way to prevent snipers that buy your token the second it is launched? (I don't know the question to this, legitimately asking)

Furthermore, if the goal is to not rug and scam people for a quick buck, would a real community as we have here be able to make some noise out there and potentially bring in some real users to _our community_? 

Like, if anything, maybe the trading fees could be put to good use, like throwing @holozing some much needed funding. 

What if we also had more things to offer? Like say a bridge of that token to Hive where people could use it to curate memes or anime or fanart, etc, something related to the token, whatever it ends up being? Bridge your memecoin to hive to give it utility. Maybe through VSC. 

If it was created and ran by a reputable person and had some actual utility all the while people could also earn some hive on the backend rather than just the token. Maybe we could be that needle in the haystack out there and bridge the sol community to hive since clearly other than X/telegram and pump.fun social they don't seem to have anywhere else to be.

Now I know there's a lot of bad apples out there, but if they found out they could earn that memetoken that's _legit_ for once and isn't rugpulling anyone anytime soon, maybe they'd be more interested in checking it out? Rather than having to throw your sol/money at it and hoping some other sucker is going to buy it from you for a higher price. Cause that seems to be the norm there these days. 

And maybe, if we as already a large community, at least in these markets/prices that's stood the test of time, were to support such a memecoin with some of our own value, we could at the very least bring some traffic and longterm users to our platform. Maybe even use the trading fees of the coin to burn some hive/fund some other activities if even to curate the community we end up creating for the memecoin.

I talked to @mrtats recently that a bridge would probably be required even for VSC currently, but that shouldn't be hard to do/fund once things get going. It really seems like it's not going to be that difficult to stand out in a sea of rugpulls and slowbleeds. 

Even if for some reason we can't control the outcome of the token or utility and whatever else we've promised doesn't pan out/isn't enough. It'd still be unique enough and potentially bring some value to our ecosystem/dapps. 

Anyway, would appreciate your thoughts. Been checking sol a bit more lately due to the part I initially wrote about and just thought "why not just do this ourselves?" rather than smear my name/reputation on an unknown team wanting to make a quick buck.