Author: Rui, Source: Twitter @YeruiZhang

Meme and public chains are an interesting symbiosis, and they also have similarities. The most important thing about MEME is traffic and reaching users. Because without value, there is no valuation system to restrain it. It only takes exaggerated rises and falls to reach users, and consensus determines the price.

Public chains have never had an accurate valuation system, which is more based on user activity and benchmarking. Finally, it is the initial price setting, such as APT and SUI, the first wave of opening. Everyone’s expectation is that the cost of issuing VC will not break, and then it will hover around the cost line for a period of time before it can rise in line with the general market. This logic is that those who have experienced the exaggerated growth of public chains in 21 years will buy in. In this process, ecology is just the subject matter that carries traffic.

From this perspective, there is no difference between public chains and MEME. They are both traffic businesses.

How to make a public chain? Or how to buy a great public chain? From this perspective, I think we need to find three types of people:

1. Find the core user group. This group of users is willing to help buy and protect the market at low prices, but will not sell at high prices.

2. Find one that can reach more users through exchanges/media/news when it rises.

3. Find Dapps and MEMEs that can carry new incoming traffic in the second half of the rise. The former is the focus, and the latter is the head start.

In the past few months, SOL has achieved 1, 2, and 3 for the large size, SUI has achieved 1, 2, and 3 for the small size, FTM has achieved 1 and 2, and APT has achieved 2.

Let’s talk about public chains that have not yet been released. Initia and Movement are two very interesting examples:

1. The core user group is very fixed, and one is the hope of the Move system. , one is the hope of the Cosmos system, which is a solution that bridges ETH assets + uses the moldability of ecosystem VM to optimize user experience. The core user group should be users who have strong faith in Move and Tendermint technology but are disappointed with the original ecosystem.

2. Both teams have a good position in the original ecology (Initia’s team is from Terra’s technology, and Movement’s team is from APT’s core ecology), and they will have a good position when it rises. By acquiring users who have exaggerated memory of the original ecology through PR, the same technical advantages can also be spread twice, causing a FOMO effect. Moreover, both teams are invested by Binance Lab + major Western VCs. On the one hand, everyone expects that these VC coins will be difficult to break through. On the other hand, no matter whether they are listed at the beginning, they are always expected to be listed on the leading exchanges.

3. These two projects are supporting their own ecology. Initia has Blackwing (DEFI) and Infinity Ground (AI), and also cooperates with a group of Cosmos-based foundations.Infrastructure is related. Movement has found Thala's team to incubate its own DEFI protocol, and they are very concerned about the MEME ecology, so they can handle the traffic.

In the new era, it does not matter whether the public chain embraces the MEME ecology. This is just a way to achieve success, but it is more important to understand that the principle behind the MEME ecology is the ultimate traffic business.

How to obtain your own core users, reach more external users and find places to retain users are the keys to success.