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Ambassador: Gaining Trust is the Hardest Part of Launching a Memecoin

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
March 12th, 2024

Laika, the first community-driven Solana memecoin SuperVerse, is announcing its Moon Mission – they will send a dog to Earth’s only natural satellite. In the campaign’s first phase, the project will launch Laika into low orbit around March 20th, 2024, depending on weather conditions.

Between March 11th and March 18th, Laika will automatically fill a helium balloon with each purchase of the memecoin. The event will be streamed live and will reach its objective after growing Laika’s fully diluted valuation (FDV) to $500 million. As the goal is hit, the dog will be sent into Earth’s low orbit. Soon after the flight, the project will start its token generation event between the end of March and early April 2024.

Dog’s low orbit flight is just the first step

However, Laika’s low orbit flight is only the first step in the memecoin’s ambitious mission. After the digital asset’s FDV reaches $1 billion, the dog will be sent to the International Space Station (ISS). Finally, the mission will conclude when Laika becomes the first memecoin’s dog to land on the Moon. The latter flight will take place when the memecoin’s FDV increases to $10 billion.

With its Moon Mission, Laika’s goal is to showcase that an organized community can join its forces in a collective effort to achieve something remarkable. Spanning continents, the organization connects members from 14 countries, with the majority possessing only limited crypto knowledge before showing interest in the memecoin.

By accomplishing something as significant as a Moon landing, the project also seeks to prove that memecoins are not the evil scourge of the crypto industry. On the contrary, they present a clear path to Web3 mass adoption.

Memecoin to foster mass crypto adoption

Besides the Moon Mission, Laika fosters crypto mass adoption through its SuperVerse, which interconnects the Web2 and Web3 worlds. Its flagship products include free-to-play mobile games, cutting-edge 2D/3D/AR NFTs backed by DeFi functionality, and charity programs to build dog shelters around the world.

Laika Wallet provides users with unmatched security and lightning-fast transactions. At the core of its ecosystem lies the Laika Foundation, which strives to create the largest crypto meme community – decentralized and inclusive.

Unique token distribution model

Laika’s unique token distribution model includes a community-driven reward system to foster engagement and participation within its ecosystem. The project will hold regular pool raffles to offer participants a chance to win rewards in popular memecoins like DOGE, SHIB, and BABYDOGE. A point system will provide users daily claims and in-game feats.

Daniela Kirova of Bankless Times talked to Michael Telera, the ambassador of the Laika project and a serial entrepreneur with a strong finance background. He runs a very successful government-to-government finance business, specifically representing many Chinese state enterprises across the Middle East.

What makes a successful meme coin?

Community Engagement: Active and enthusiastic community participation is crucial for the success of a meme coin.

Viral Appeal: Memes that capture attention and go viral contribute to the coin’s popularity.

Championing simplicity, we navigate the complexities of crypto through memes. From a dog in a spacesuit to Laika’s lunar journey – we make crypto more accessible to all.

Utility and Purpose: Successful meme coins often incorporate utility or a unique purpose beyond just being a meme, providing value to holders.

What makes your project, Laika, unique?

Global Community Focus: Laika unites the global community for a shared purpose, transcending traditional meme coin narratives.

We are the first memecoin where products are developed before marketing. We bring in real value and have fun at the same time.

Inclusivity: The project includes both Web2 and Web3 audiences through simplicity and incentivization strategies.

Real-world Initiatives: Laika’s engagement in real-world activities, such as the space mission and charity campaigns, sets it apart from typical memecoins.

Why was Solana chosen as the platform for the memecoin?

Scalability and Low Transaction Costs: Solana’s high throughput and low transaction costs make it suitable for a meme coin that leans on frequent transactions.

Community Alignment: Solana’s active and growing community aligns with the project’s goal of building a strong and engaged user base.

Solana is the homeland of current trending memes.

What is the most challenging part about launching a memecoin?

Community Trust: Gaining and maintaining trust within the community is tricky, as memecoins are often viewed with skepticism due to past instances.

Market Saturation: The memecoin space is highly competitive, making it challenging to stand out.

What challenges in the field does your project address?

Inclusivity: Laika addresses the challenge of exclusivity within the Web3 space by involving participants with both Web2 and Web3 backgrounds.

Skepticism and Credibility: The project proves that memecoins can be a productive force, engaging new crypto positives and future crypto retail investors.

Does the project have any weaknesses?

Laika is the first project where development outpaces all other aspects of the project. Also, we are successfully building an active Web2 community around a Web3 initiative at an early stage. However, our need for more momentum lies in expanding the informational reach. We aspire to have more ambassadors, increased involvement from thought leaders, and a solid outreach about this remarkable experiment.

We want an open discussion on the significance of memecoins in the industry and seek attention and interest from space agencies and private space companies. We are actively addressing these needs. While we are diligently working on future utility and economics, we acknowledge the presence of all the classic risks associated with crypto projects.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.