A Meme Coin

A meme coin is a type of cryptocurrency that originated from an internet meme or has some other humorous characteristic, often gaining value primarily from social media momentum and community hype rather than any underlying fundamental utility. They are essentially digital tokens that embody internet culture and trends. 

For illustration purposes 

Key Characteristics

Origin: Inspired by online jokes, pop culture, or viral trends (e.g., dog images like the Shiba Inu).

Utility: Most meme coins lack a strong use case or real-world application, unlike cryptocurrencies such as Ethereum which are tied to specific blockchain features.

Value Driver: Their price is largely driven by community enthusiasm, social media buzz, celebrity endorsements, and speculative trading (FOMO - fear of missing out).

Volatility and Risk: Meme coins are highly volatile and considered very risky investments due to the lack of intrinsic value and heavy reliance on continuous new investment, which can lead to rapid price collapses when interest wanes.

Technology: They run on existing blockchain technology, such as Ethereum or Solana. 

Examples of Popular Meme Coins

The most famous examples are Dogecoin (DOGE), the original meme coin created in 2013, and Shiba Inu (SHIB), which followed later. Other examples include Memecoin (MEME), which was explicitly created with no utility purely for entertainment purposes. 

How I can make my own meme coin and earn from it

You can launch a meme coin by creating a simple fungible token (like an ERC‑20/BEP‑20), deploying it to a blockchain, then listing it on a DEX where people can trade it and pay you fees or buy from you.

Big picture

A meme coin is just a token on an existing chain (Ethereum, BNB Chain, Solana, Polygon, etc.), not a whole new blockchain.

You earn mainly by:

• Holding a large share of the supply and selling some as price goes up.
• Taking a share of trading fees by providing liquidity on DEXs like Uniswap or PancakeSwap.
• Optionally adding taxes/fees in the smart contract (e.g., 1–5% on each transfer that goes to a dev wallet), though this can scare away serious investors.

Core steps to create a meme coin

1. Choose blockchain and tools 

• Popular chains: Ethereum (ERC‑20), BNB Chain (BEP‑20), Solana, Polygon.
• For beginners, use no‑code/low‑code tools like thirdweb (ERC‑20), Binance/BNB token creators, or Smithii token creators for BNB/Polygon.

2. Define token details

• Name, symbol, total supply, decimals, and basic tokenomics (how much supply you keep, how much goes to community, liquidity, airdrops, etc.).
• Decide if minting can happen later or supply is fixed; you can lock or renounce minting to build trust.

3. Deploy the token contract

• With a tool like thirdweb: connect wallet, choose “Token / ERC‑20”, enter name, symbol, image, chain, and click Deploy.
• With Remix + OpenZeppelin: write a simple ERC‑20 or BEP‑20 contract, compile and deploy with MetaMask connected to your chosen network.
• Pay gas fees; on cheaper chains this may be a few dollars, on Ethereum it can be much more.

4. Mint tokens to your wallet 

• After deployment, mint the full initial supply to your wallet (e.g., 1,000,000,000 tokens).

5. Create a market on a DEX

• Go to Uniswap (Ethereum/Polygon/Base) or PancakeSwap (BNB Chain), create a pool with your token and a base token (ETH, WETH, WBNB, USDT, etc.).
• Add liquidity: you deposit some of your meme tokens plus some ETH/BNB/USDT; this sets the starting price and gives people a place to trade.

6. Set up basic security/trust signals

• Optionally lock liquidity (send LP tokens to a locker/vesting contract) and renounce ownership or restrict dangerous functions; this reduces rug‑pull fears.
• Publish the contract address, verify the source code (Etherscan/BscScan), and explain tokenomics clearly.

7. Market and build community

• Create a strong meme/brand, Twitter/X, Telegram, maybe a simple website.
• Use collaborations with meme pages/influencers, airdrops, and contests to attract holders.

Ways you actually earn

Selling part of your allocation

If you keep, say, 20–40% of supply and the price pumps, you can sell a portion for profit, ideally gradually to avoid crashing the price.

DEX trading fees as liquidity provider 

When you add liquidity, you earn a share of the swap fees (e.g., 0.3% on Uniswap) proportional to your liquidity.

Built‑in token taxes or utilities

Some tokens send a small part of each transaction to a dev/marketing wallet or to a revenue‑sharing pool, but this must be transparent and legal in your jurisdiction.

You can also build utilities (games, NFTs, staking) where people pay fees in your coin.

Legal and risk points (very important)

Meme coins are extremely risky; most go to zero and many launches are rugs or scams, so reputation matters. 

In India and many countries, crypto plus any presale/ICO may fall under securities or tax regulations; speak with a local CA/lawyer before taking investors’ money.

Never promise guaranteed returns; treat this like a high‑risk startup experiment, not a sure‑shot income source.

If you want, the next step can be: choose a chain (e.g., BNB Chain for low fees) and then walk step‑by‑step through deploying one simple token with a no‑code tool.