oldmanalex@sh.itjust.works to Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ@lemmy.dbzer0.comEnglish · 3 days agoCyberleek Burned 270 Milion dev coinssh.itjust.worksimagemessage-square39linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1imageCyberleek Burned 270 Milion dev coinssh.itjust.worksoldmanalex@sh.itjust.works to Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ@lemmy.dbzer0.comEnglish · 3 days agomessage-square39linkfedilink
minus-squaretreadful@lemmy.ziplinkfedilinkEnglisharrow-up0·2 days agoSmall network fee to deploy the contract. For a simple one, probably like $1. And this guy minted himself billions of tokens. So sure, technically you’ll need some “startup capital” but saying they bought the tokens suggests it was on the open market which isn’t the case.
minus-squarebunnyBoy@pawb.sociallinkfedilinkEnglisharrow-up0·17 hours agoThanks for the information! I saw like one video about how people make meme coins, so I had some vague understanding, but this makes a lot more sense.
Small network fee to deploy the contract. For a simple one, probably like $1. And this guy minted himself billions of tokens.
So sure, technically you’ll need some “startup capital” but saying they bought the tokens suggests it was on the open market which isn’t the case.
Thanks for the information! I saw like one video about how people make meme coins, so I had some vague understanding, but this makes a lot more sense.