Frog

Pepe

Shiba Inu

Memecoin

Memecoins won&#8217;t die. 



In the last cycle, we saw the rise of Dogecoin, a satirical take on Bitcoin, peak at almost $0.7 thanks to the hype around meme stocks. As it continued to rally to unbelievable valuations, derivatives such as Shiba Inu and Floki Inu also saw multiple 1000% rises.



<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="https://chaindebrief.com/wp-content/uploads/2023/05/image-20-1024x576.png" alt="" class="wp-image-37569" srcset="https://chaindebrief.com/wp-content/uploads/2023/05/image-20-1024x576.png 1024w, https://chaindebrief.com/wp-content/uploads/2023/05/image-20-300x169.png 300w, https://chaindebrief.com/wp-content/uploads/2023/05/image-20-768x432.png 768w, https://chaindebrief.com/wp-content/uploads/2023/05/image-20.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Today, we have Pepe. Inspired by cartoon character Pepe the Frog &#8211; Pepe is likely the fastest growing cryptocurrency we&#8217;ve seen this year. Rising from a sub $1M market capitalization, to number #44 on CoinMarketCap&#8217;s list in under a month.



With interest returning to memecoins, here&#8217;s a guide on how to create your own &#8211; in under 30 seconds.



Also Read: <a href="https://chaindebrief.com/how-to-mint-nft-step-by-step/">Here’s A Step-By-Step Guide On How to Mint Your Very First NFT</a>



<h2 id="memcoin-mania-8211-without-the-coding-hassle">Memcoin Mania &#8211; Without The Coding Hassle</h2>



This article is largely based on a guide by <a href="https://twitter.com/iamwhitelights">whitelights.eth</a>. If you have yet to watch his guide, click the link HERE, or check out the twitter post below.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">memecoin deploy% speedrun 27s <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/23f1.png" alt="⏱" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://t.co/OYaXGb5ITR">pic.twitter.com/OYaXGb5ITR</a>&mdash; whitelights.eth ⌖ (<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;" />) (@iamwhitelights) <a href="https://twitter.com/iamwhitelights/status/1654606270614126594?ref_src=twsrc%5Etfw">May 5, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>







In the guide, he heads to <a href="https://twitter.com/iamwhitelights/status/1654606270614126594">Open Zeppelin&#8217;s contracts wizard</a>, an interactive generator that allows you to bootstrap your own contracts.



<figure class="wp-block-image size-full"><img decoding="async" width="934" height="599" src="https://chaindebrief.com/wp-content/uploads/2023/05/image-21.png" alt="" class="wp-image-37570" srcset="https://chaindebrief.com/wp-content/uploads/2023/05/image-21.png 934w, https://chaindebrief.com/wp-content/uploads/2023/05/image-21-300x192.png 300w, https://chaindebrief.com/wp-content/uploads/2023/05/image-21-768x493.png 768w" sizes="(max-width: 934px) 100vw, 934px" /><figcaption class="wp-element-caption">Image: Open Zeppelin</figcaption></figure>



In my example, Open Zeppelin helps to code the token based on data provided such as Name, Symbol, and Premint supply.



 Essentially, type details in green box &#8211;> Open Zeppelin codes for you in red box.



You can also adjust other parameters such as mintable, burnable, flash minting, and more in the checkboxes below.



<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="509" src="https://chaindebrief.com/wp-content/uploads/2023/05/image-25-1024x509.png" alt="" class="wp-image-37574" srcset="https://chaindebrief.com/wp-content/uploads/2023/05/image-25-1024x509.png 1024w, https://chaindebrief.com/wp-content/uploads/2023/05/image-25-300x149.png 300w, https://chaindebrief.com/wp-content/uploads/2023/05/image-25-768x382.png 768w, https://chaindebrief.com/wp-content/uploads/2023/05/image-25.png 1500w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Next, clicking &#8220;Open in Remix&#8221; at the top of the page brings you to remix.ethereum.org, a toolset that allows you to test, develop, and deployer EVM-compatible smart contracts.



First, click on the solidity compiler tab (green box), head to advanced configurations, enable optimization, and compile the contract.



Once done, head to deploy and run transactions in the tab below, and change the environment to Injected provider &#8211; metamask (green box).



Next, press deploy (red box) and approve the transaction in your metamask wallet.



Congratulations! You know have an ERC-721 token live on the blockchain!



<h2 id="strong-closing-thoughts-strong">Closing Thoughts</h2>



Launching your own memecoin comes with a slew of risks, and does not simply end at creating a token on the blockchain.



Next steps include creating an LP pair on Uniswap, for example, so that other users can buy and sell it. Furthermore, gas fees are extremely high on the Ethereum mainnet right now, so testing the deloy function on a testnet like Goerli first is highly recommended.



Regardless, memecoins continue to be the quickest path of adoption, despite the cycle we are in.



In the last bull market, memecoins were a quick (and painful) introduction for millions of users to crypto.



In this cycle, memecoins have turned many to learn how to create and deploy them, which could inspire many new Web3.0 developers going forward.



Also Read: <a href="https://chaindebrief.com/controversial-meme-coins-should-be-part-of-crypto-portfolio/">A Controversial Opinion: Why Meme Coins Should be Part of Your Crypto Portfolio</a>



[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]



Featured Image Credit: Chain Debrief

How To Launch Your Own Memecoin In Under 30 Seconds

목차

Chain Debrief

2023년 5월 8일에 게재된 다른 기사

Are Ordinals Choking the Bitcoin Blockchain?

How Banksters Is Redefining Fantasy Trading with Blockchain and NFT Integration

Navigating the Privacy Landscape of Remote Working

Update on Permission Blockchain Migration

Ethereum Withdrawals from Exchanges Reach 14-Month High

BRICS Success Could Cause a Downfall for US Living Standards, Warns Ex-JPMorgan Executive

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!