The airdrop mechanism of BOOP is a bit flashy, but in essence, it's just old wine in a new bottle. If you didn't catch the first wave, I wouldn't recommend rushing in.
Essentially, it incentivizes people to issue MEME coins. A bunch of KOLs see a lot of money in the airdrop, but they have to issue their own coins to shorten the unlock time. If they don't issue coins, they have to wait 30 days, and I believe it won't be worth much after 30 days.
Not to mention how many KOLs are willing to risk being criticized to issue their own coins. Given the current market liquidity, the celebrity coin effect is already weak. #meme coins don't follow a narrative; if they go for volume, they become a pile of junk. Now, there are countless launch platforms, and pure token launches have no competitiveness.
Staking $BOOP dividends seem good, with a 5% new coin dividend and 60% SOL fee revenue. When the platform launches are all junk coins and fewer people play, these dividends lose their meaning.
So I advise everyone not to join the hype blindly. The mechanism of @boopdotfun is not innovative; it's just old wine in a new bottle. The airdrop is essentially free publicity for users, and it's just an expectation.
Everyone can issue coins, but it doesn't have a positive effect on the meme market; it only makes the market more chaotic, and in the end, it's the retail investors who get hurt.
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