Recently, Elon Musk, founder and CEO of Tesla, which has become a bear in the market, announced on Twitter that Tesla would stop accepting bitcoin payments because cryptocurrency has a negative impact on the environment. However, Musk has always fervently supported Doge, which is regarded as the new king of the currency circle, meeting the development of WSB community. Therefore, we wonder what MEME coins are.
MEME coin culture
And what is a MEME coin? MEME is a general term for a particular kind of cultural production in the online world. It generally refers to “explosively hot things on the internet”. Explosively hot videos, flags, catchwords, characters, and more comprise the network subculture of MEMES. For example, the talent show has become popular, and Hip-Hop has become a MEME instantly in the country. Thus, all kinds of consumption and recreation of Hip-Hop take place every day.
A MEME uses images to celebrate or laugh at current events and popular culture. MEMES have become an important part of young people’s communication in the online world. They reveal the way this generation understands and deals with the world. Behind their humor and irony, there is resistance to reality, as well as deep anxiety and fear. Human beings are anxious and dissatisfied. From this environment, MEME coins were born. Doge, Shib, and ANB are outstanding representatives.
When Musk publicly declared his love for Doge, he brought about a surge, and the whole world began to pay attention to the currency circle and its culture. Musk called himself “Doge’s father” and called this kind of currency a MEME coin. “MEME coin” is derived from “spoofing and mocking the cultural identity brought about by the fact that BTC giants’ control” popular culture on the internet.
Who will make up for the mechanism gap between Doge and Shib’s historical romance?
As Doge and Shib became explosively hot, many unsuspecting investors broke into this field with a passion, blindly investing in MEME coins, hoping to use them to “get rich overnight”. As a result, they were covered with black and blue, and MEME coins became arbitrage tools for big money circle bosses, attracting carnival groups to change places because of blind obedience, paranoia, and fanaticism. Therefore, the community began to think about how to respond to social imbalance without losing money when investing.
Doge’s success lies in its advantage of being cheap.Ccentralized institutions and other ambitious people don’t like Dogecoin, which reduces the risk that Dogecoin will become controlled by a few large funds. Musk referred to Doge as “the currency of the grassroots masses”. However, Doge can both rise and fall due to Musk’s remarks. After all, Musk is central to Doge’s success. ShibaToken, which was developed by the founder of ETH Vitalik, was sold and donated to Gitcoin, Give Well, and India Covid Relief Fund without declaration. This went against the essence of decentralization, and Vitalik did indelible harm to the consensus between Shib holders and the community! Even if charity was the virtuous goal here, the essence of Vitalik’s actions undermined the industry principle of decentralization and reduced the trust of the players in the blockchain world.
Because of information imbalance, community members invested with the tide of famous microblog owners, which caused economic losses that angered investors. On the one hand, they wanted to vent their dissatisfaction and anger; on the other hand, they were eager to seek a truly decentralized consensus community.
However, the members who were simply exploring the new world of blockchain lacked the experience to make judgments about tokens. Thus, they learned the cost of just trying out blockchain finance, and they hoped to find a safer way to experience decentralized finance and gain experience in the process.
Angerb VS Shib VS Doge
The Angryb, Shib, and Doge systems compare as follows:
Innovation of the second-generation MEME coin
By innovating the distribution mode, Shib pioneered the free trading mechanism of the LP pool. However, without an incentive mechanism, the pure market game easily brought panic to the market, while the ANB team made a number of corresponding innovations, such as their finance mechanism.
Innovation of financing mode
DAO governance and supervision system innovation
Shib doesn’t have any “political” supervision system. Thus, ANB’s innovation is unprecedented.
Angryb’s DAO protocol challenges the traditional hierarchical and exclusive organizational structure seen in many aspects of the world today. Through “the wisdom of the people”, we can make better collective decisions for better organization.
Angryb’s DAO protocol enables capital consolidation, allocation of allocated capital, and creation of assets supported by the capital. It also allows for the allocation of non-financial resources. Thus, it represents the creation of a trust-free, borderless, transparent, accessible, interoperable, and combinable company.
In the follow-up governance to the DAO protocol, the ability for token holders to vote to impeach members will be added, but this power will be limited to ensure the balance of power between agreement managers and token holders.
Is decentralization an irresistible trend?
From the perspective of the new human financial economy, Angryb has set “decentralization” as the supreme banner, and most will be decentralized in the future. Centralization is old and doomed to perish ……
Angryb’s belief in “decentralization” has upended the centralized world by questioning the existing forms of world governance. Shib may be eliminated by many better quality and more reasonable MEME coins in the future, but its role in opening up the industry cannot be shirked. ANB is the pioneer of a social experiment product that represents the free revolution of the grassroots masses!