Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨ALERT!🚨 - You BEST Listen to THIS - Meme Coin Insider

Transcript

🚨ALERT!🚨 - You BEST Listen to THIS - Meme Coin Insider · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

1:20
Hey guys, welcome to the live stream.
1:22
Welcome to the basement. Great to see you.
1:24
We got a lot to talk about today.
1:26
Before I forget, we should be joined here in about 15 minutes
1:30
by our friend Jax. Jax is the founder of the meme
1:34
con convention, Meme coin convention.
1:37
They go on all over the world. This guy is in tune with what's
1:41
going on in meme coins. So be sure to stick around and
1:44
let's have a great conversation with him.
1:46
But thank you for being here. First, my disclaimer guys, I'm
1:50
not a financial advisor. Don't buy or sell anything based
1:53
on what I say. I would recommend that whatever
1:55
you do with your money, investment wise, purchase wise,
1:59
always do it responsibly. And don't forget, Susie and I
2:02
are aligned with you if you are a UFD bean holder.
2:06
We ourselves do own a huge amount of beans.
2:09
I want to say a special thank you not only to you for being
2:12
here, but man, we had a great, great conversation last night
2:17
with the people from HTX. God, John hosted a Spaces.
2:22
I think we had 1000 people that either had listened to it or
2:26
engaged with it. And I really, really learned a
2:29
lot about HTX #1, their global reach.
2:32
But even more important, and I've been picking up on this
2:35
over the last three or four weeks since they listed us.
2:39
And I asked you, why did they list us?
2:41
Because of you, right, We didn't have anything to do with it.
2:44
They chose us because of the robustness of our community and
2:49
what we have accomplished with UFD.
2:51
That's an important point for us to remember.
2:54
But what's really cool about HTX, I'm going to pull up their
2:58
profile here quickly and we are is HTX like looks at the, they
3:03
don't list a lot of of tokens by the way he said that.
3:06
And when they do, they look at it as a partnership which
3:10
explains why on a real regular basis we are seeing this from
3:16
HTX which is post like this one that they put out every day they
3:20
get 100,000, this one already has 48,000.
3:23
We are included in their marketing post, which is a big
3:28
deal. Hold on here.
3:29
Can you find the Unicorn? There we are right there.
3:34
So thank you HTX. It was a great experience
3:38
getting to know you last night and we'll look forward to more.
3:40
They said we could do more of these in the future.
3:43
A great opportunity, right? We, we will partner with other
3:46
meme coins. We will partner with NFT,
3:49
whatever we'll partner with with HTX.
3:52
And of course, we're very grateful for our sponsors Ledger
3:55
and Moon Pay. So what about a bean shortage?
3:58
I thought this summed it up. This is exciting for UFD,
4:03
something that maybe we don't talk about quite enough.
4:06
But hold on one second here guys, got a little technical
4:11
issues going on. There we go.
4:17
Hold on one second. Hello, Can you see me?
4:25
And what I want to talk about next once I can get the stream
4:29
yard to be working is hold on here.
4:36
There we go. OK, sorry about that.
4:42
Now let's pull this up. This is exciting for UFD.
4:45
Anson brought this up. And who is Anson?
4:48
Oh what I didn't realize this and some has 740,000 followers.
4:57
Are you kidding me? And I'm sharing the wrong
4:59
screen? There we go.
5:01
Hopefully we can get stream yards figured out here guys.
5:05
And some look at this 740,000 followers, subscribers,
5:12
whatever. I had no idea but listen to what
5:14
he said. Pretty cool that you can just
5:17
bull post things to billions of dollars in market cap now.
5:23
He's referring to SPX 6900. He said this thing traded sub 50
5:27
million market cap for a year until all the holders left were
5:32
people who just decided not to sell anymore.
5:36
And then he shows a chart of SPX.
5:38
And as you can see, right, like they were down here for a long
5:42
period of time and over time, with grit and determination,
5:47
right, they built a strong base. And eventually what they got was
5:53
AI. Guess you could call it an SPX
5:55
opoly. I had no idea.
5:56
And some had 740,000 followers. The guy's smart.
6:00
That's what we're doing right now.
6:02
That's what this is. Right now we're filling the jug.
6:07
The jug cannot get any bigger, period, and we're filling it
6:12
with diamond hood dusters and eventually, and that's what
6:15
happened to SPX, right? Eventually we fill it up to a
6:19
point where we have a bean shortage and then we have a
6:22
beanopoly, right? Yes, we go to Guadahala, the
6:32
Viking heaven. OK, Remember what he said,
6:38
right? And it's not just bowl posting
6:39
with UFD, right? It's solid relationships you're
6:43
building every day with each other.
6:45
I need to move on because I've got Jacks coming on here in a
6:47
few minutes. Here we got another big account
6:51
talking about UFD and boom, Mr. Ape.
6:55
Think he has 80,000 or so Subs? Yeah.
6:58
OK, look, stop flipping and start believing in your cult
7:03
thesis. He should change that CULT to
7:06
COLT, but #2 right, He's got SPX 6900, right is destined to
7:12
billions UFD. He list us second is destined to
7:16
billions. Big people know, big people
7:19
understand what is going on with UFD right now.
7:23
News out of channel sponsor Moon pay.
7:25
Let's sit on this and I think this is great for us as a UFD
7:30
community and I'll explain to you why it says I'm onboarding
7:34
the world. Onboarding the world is easier
7:37
with friends. We've partnered with valr.com,
7:41
Africa's largest crypto exchange by trading volume to streamline
7:46
Fiat to crypto access. Africa's largest highlight that
7:52
Africas largest crypto exchange by trading volume.
7:56
So Moon Pay now is making it easier for people in Africa, in
8:01
the African market is absolutely huge and we have just as much of
8:07
A presence there is anyone else? Because you know what guys, you
8:10
can buy UFD on Moon Pay. So I was super excited to hear
8:15
this. We had that video from the
8:17
African village not too long ago.
8:19
So all our friends in Africa make some noise, right?
8:23
And let people know UFD, let them know Moon pay.
8:27
I think it's a great opportunity for our community, right to
8:30
develop further deeper roots all around the world.
8:34
This is great. Hold on.
8:39
This is funny. 35 seconds of Michael Saylor and what he says
8:44
I believe is very, very true. We get the volume on OK.
9:25
OK. Sorry about forgetting to share
9:26
the right screen, but what I want to tell you the key of what
9:30
Michael Saylor was saying there is very simple, OK, basically
9:34
said the first country that prints their own currency to buy
9:38
Bitcoin wins. What he's basically saying is
9:41
think about it. the United States government prints money
9:44
like crazy. They can just print another
9:47
whatever it would take. What's the total market cap of
9:49
crypto? One point something trillion
9:52
that's really a drop in the bucket and buy all the Bitcoin
9:55
in the world. They could probably buy, you
9:57
know, a good portion of all the crypto in the world.
10:00
Let's go out to coin market cap and see.
10:03
Or they could buy all the gold in the world.
10:05
I mean, it really is crazy the possibilities there.
10:09
We are. We're still #712 about $29
10:13
million market cap. Let's go out here to ranking
10:19
categories. Here we go.
10:24
Yeah. So there's now now officially,
10:26
guys, 17,000,000 cryptos. Remember, we are #700 that's a
10:33
big accomplishment. Market cap of all crypto, $3.4
10:38
trillion. Don't forget the total debt of
10:41
the United States is like 37 trillion.
10:44
So the total market cap of all the crypto in the world really
10:48
is like barely 10% of the total debt of the United States
10:53
government. It's really crazy.
10:55
So this idea, and that's what he talked about.
10:58
I don't know if you had the volume on there, if you're able
11:00
to hear him. The idea is that a country, and
11:04
not just the United States, but other countries could do it as
11:07
well, could just print money and buy Bitcoin, print money and buy
11:11
crypto. It's really a crazy situation,
11:14
but there's nothing stopping. And he says the first country to
11:17
do that will be the country that wins.
11:20
He also talked about his company micro strategy.
11:23
That's basically issuing stock, right?
11:26
They're able to kind of print money by doing that and buying
11:30
Bitcoin and how the market cap of the company has gone up I
11:33
think about 10 times. Basically what you're talking
11:38
about is, is trading something that's infinite, right?
11:42
You can print infinite numbers of dollars, you can print them,
11:46
print them, print them. So the forever to buy something
11:50
that is finite in nature, in this case crypto.
11:53
In this case, he was talking about Bitcoin.
11:56
OK, let's move on here. Let's do the duster of the day.
12:01
Today we have a special duster of the day, and that is our
12:06
friend Cactus Slack. Let's get his.
12:11
There we go. You should be seeing Cactus
12:13
Slack right now on your screen. He's a critical member of our
12:18
community. Much appreciated, nominated by
12:21
several people. But as you can see, right, a big
12:24
supporter, there's one of gastronomas like he re posted
12:29
big supporter of our community and he had a special message.
12:32
He was on last night on the spaces with us always there's
12:36
Korean cigarette pack. Those are UFD stickers going up
12:39
all throughout Korea. OK, he's got pacemaker here, but
12:42
he was on the spaces last night working hard for our community.
12:47
And here's what Cactus Slack wants to say to you.
12:52
The UFD community said hey Ron, I'm doing well.
12:57
I'm beyond honored to be considered for Duster of the
13:00
day. Never did I think on December
13:02
18th what this journey would be. I bought ha ha funny fart thing.
13:06
I didn't do my research on you. I woke up and bleary eyed saw
13:11
that the chart had tanked. Thanks Mirage and dumbly sold.
13:14
I fully woke up and watched a single video of yours and bought
13:18
right back in at a loss because I realized my mistake.
13:22
Total turn around time about 30 minutes.
13:24
Laugh out loud. It's been full conviction from
13:27
that point since then. I've met so many amazing people
13:31
in the herd, even on boarded my whole friend group.
13:34
We really do have the best community in crypto.
13:38
Real people, real kind. When one of us is in need, we
13:42
rally. We have lots of fun and laugh a
13:44
lot. We really do have the best dev
13:46
in crypto. Thank you, you reaching out with
13:49
kind words and condolences to me, to other members of the
13:52
community, to thank them, to ask them how they're doing,
13:55
etcetera. That just doesn't happen in
13:57
crypto. You are the Unicorn, Ron.
14:00
Well, thank you. I'm flattered and the herd has
14:03
your back. Thanks for all all you do.
14:05
Horns up. Wow man, thanks Cactus Slack.
14:11
You guys just really blow me away when I get to hear directly
14:16
from you what you love about UFD.
14:19
And it always comes down to one thing.
14:21
If you notice that, it's our relationships with each other.
14:26
Relationships are what is valuable in life, right?
14:30
And that value I believe very likely right is can be infinite.
14:36
And that can and that can can definitely relate to the fact
14:39
that I believe UFD also has infinite potential, right?
14:44
We can go anywhere. There really is nothing that is
14:48
stopping us because of the value we create with the relationships
14:52
that we have. So check the slack.
14:55
Congratulations, Dusters. Horns up.
14:58
Sometimes I forget I did the darn disclaimer.
15:00
But what's more important, right?
15:02
Horns up, Dusters. Right.
15:04
This is a big, big deal. What we're engaged in.
15:07
Let's all let's all reach up here, huh?
15:09
Can you feel your horn? I can feel my horn.
15:12
You want to rub horns? How about a three second smile?
15:17
Now that's when we all smile at each other.
15:19
When I say go for three seconds, go.
15:25
Feels better, doesn't it? I'm going to smile.
15:27
The rest of the video. We're supposed to have Jax
15:29
joining us. Hold on here.
15:31
Oh, wait. First we need to install cactus
15:33
slacks. Golden Horn, help me lift this
15:37
thing up. It's a beautiful one.
15:39
It's well deserved. Cactus slack at boom.
15:43
There you go. Congratulations, you are the
15:46
duster of the day. I'm going to check my DMS here
15:50
real quick to see if I have any messages from our friend Jax.
15:55
Make sure we're not having any technical issues and it doesn't
15:58
look like we are so believe he'll be joining us here
16:01
shortly. Let's look at social dominance.
16:06
Let's look at this is this is interesting.
16:08
This one really got me and here we go.
16:14
Hopefully we are together. All right guys, this came from
16:18
as the duster as an MO bowl do a great job tracking our social
16:23
dominance. Important we keep on track of
16:25
how well we're doing. This was as of yesterday,
16:28
dusters were ranked third in pumped out bun ecosystem, up
16:32
from 4th and 26th amongst all meme coins on lunar crush.
16:37
And don't forget we're about the 700th largest crypto in the
16:41
world only because of you 24 hour stats there 214,000
16:47
engagements. UFD is still the only salon.
16:49
I mean Point who's founder is sponsored by Moon Pay and
16:52
Ledger. We are very grateful for that.
16:54
Don't forget Ledger guys, the cryptocurrency hardware wallet
16:59
security leader. They've got the new Ledger flex
17:02
Solana edition. They've got a new series out
17:04
this summer. Don't get wrecked.
17:06
Some really cool fun things to watch about crypto.
17:09
Put security first, learn from my mistake, right?
17:13
Things do happen unfortunately and you want to you want to
17:17
think about security before there's a an incident.
17:20
All right, back to the social dominance.
17:22
When comparing UFD, this is interesting to the higher rate
17:25
coins based on price and market cap.
17:29
The market cap of the coin in first place spark coin right two
17:33
places ahead of us is almost 50 times greater.
17:37
Their market cap is 50 that 50% fifty times greater than UFD.
17:43
The market cap of the second place going peanut is almost 10
17:48
times greater than UFDUFD represents the best risk to
17:51
reward ratio opportunity amongst the socially dominant tokens in
17:55
the pump on ecosystem. And let's pull up.
18:00
Let's pull up this one. OK, that shows it.
18:04
I mean, really? Come on, guys.
18:07
Is this ridiculous or what? Look, this is our share right
18:13
here. OK, let's do far coin in a
18:16
different color. We're doing a little coloring
18:18
today. We'll do far coin in green.
18:22
This is far coin. Is it bigger?
18:25
Yes. That box represents their social
18:28
engagement. Is it 50 times bigger?
18:33
No. OK, let me let me hold on here.
18:36
Let me go back one if far coin. If their if their social
18:40
dominance was was reflective of their market cap bigger than
18:44
ours, their box would roughly be this big.
18:50
OK, probably bigger. The darn screens not big enough.
18:53
So guys, we are undervalued. We do it.
18:56
And what's the thing that everybody talks about?
19:00
I see Jax, we're going to bring you up in one second after I
19:02
rant for a little bit. Everybody says the same darn
19:05
thing, right? That the value of a mean coin is
19:08
based on the community is based on the social engagement.
19:12
We got the best community, right?
19:14
We've got great social engagement.
19:16
We're as we're as good as anybody.
19:18
Hats off to Fartcoin. Congratulations.
19:20
No doubt about it. But when all the gurus say that
19:23
what ultimately determines value is engagement of the community
19:28
is the sense of belonging in the community, I can't see anybody
19:31
who can beat Unicorn fart to us. Let's bring up the man, the
19:34
myth, the legend, Mr. Jax, See if I can get them on here.
19:38
Jax, can you hear me? I can.
19:40
Can you hear me? Yeah, you look good, man.
19:42
Perfect. You sound great.
19:44
You look good. Great to see you, Jax.
19:46
You, you too mate, you too, and hopefully this doesn't put out
19:50
like last time, so hopefully we're good with the stream.
19:52
Yeah, well, you know what? Well, we we trust me.
19:55
I have issues. We all do.
19:56
People understand when we're live that things happen.
19:59
But let me introduce you. You are correct me if I'm wrong.
20:03
One of the founders or the founder of the meme?
20:06
Is it meme con Convention? I apologize.
20:08
Meme con? Yeah.
20:09
Exactly. Yeah, Meme Con, which is the
20:12
meme coin conference. The conference that's been going
20:15
on for several years now all around the world.
20:18
You just wrapped up Lisbon. How you doing, Jax?
20:21
It's always I, I really, I really like you.
20:23
And I know you know a lot you. If anybody's going to have a
20:26
feel for what's going on in meme coins, it's you.
20:29
So thank you for joining me and our viewer today here in the
20:33
basement. Yeah, Thanks, dude.
20:35
Yeah, so very good. We just finished up our second
20:39
conference in Lisbon. So, yeah, like, like you just
20:42
said, we've been going now since started this in December 2023.
20:47
And we just had our last event in Lisbon only last week
20:51
actually. Yeah, very a different feel to
20:55
last year. I think the the start of this
20:58
year was a strange one. We were talking to people at the
21:00
event. It wasn't really a bear market.
21:03
I don't know what it was. It was just a very odd, odd time
21:05
in the market, in the market itself.
21:07
But but yeah, no, it's overall very positive.
21:10
And hopefully we've got some other news that we had to share
21:12
with the community that we might be heading stateside at some
21:17
point. So there we go.
21:18
Wow, really? That's awesome.
21:20
Have you have you done a a previous conference in the
21:23
United States? Never, ever.
21:25
Yeah, it would be the first one. And there's not been, as far as
21:28
I'm aware, there's not been a really a mean coin conference
21:32
head out to the States ever. So it would be the first one for
21:36
us and I think a bit of a, yeah, history in the making.
21:40
Jack, I have an idea. I can I can I give you an idea?
21:43
Of course you're the boss. You're going to do what?
21:45
But if you come to Saint Louis and people are getting sick of
21:48
hearing me talk about this, you got to check out a place called
21:51
the City Museum. It's a one-of-a-kind.
21:54
It's not really a museum. It's like a steampunk.
21:57
This artist built the world. It's like in A10 story old 100
22:01
year old building. It's like the world's coolest
22:04
playground, is how I could explain it.
22:06
And I love to. And it's all built out of
22:08
recycled materials, I'm telling you.
22:10
And they have big conference facilities there, I'm telling
22:14
you. And it's right in the middle of
22:15
the United States. So it's easy to get to now.
22:17
I'll, I'll shut up. Of course, I'm selfish.
22:20
But I'm telling you, buddy, check out the city and everybody
22:23
out there that likes, I think it's just like the perfect place
22:26
for a meme coin convention. So, but enough of that.
22:29
We're not. People aren't here to hear about
22:30
Saint Louis. They want to hear about what's
22:32
going on in the meme coin world. And sounds like the Lisbon event
22:37
that was a was a was a success, which is great to hear.
22:41
And I look, I've only been in mean coins for six months, but I
22:44
agree with what you said like January or maybe February,
22:48
March, April. I didn't feel like it was the
22:51
end of the world or anything, but it was a strange market for
22:55
mean coins, I think in particular.
22:58
It's like usually if it's a better market, from what I
23:02
remember for the past seven years, most people leave, they
23:05
kind of disappear and go away. But I don't feel like any of us
23:08
went away. It was just, we were still, we
23:11
were still in the trenches. We were, but it was just kind of
23:14
despair across kind of like across that it was despair, but
23:19
we were still there. It's like we don't see people
23:21
leaving. So I think like the people that
23:24
are here now are really here to stay for good.
23:27
And that's why I was actually talking about this on a space
23:30
yesterday with some of the meme con community.
23:33
I feel like now like you just have these core regions O GS
23:38
that just are like, if you've gone through multiple cycles in
23:42
this place, you've been wrecked. You're not going anywhere.
23:46
So so yeah, I think it's just up to us now.
23:49
The ones that are still here, still sticking around, that we
23:52
still see the potential. And yeah, I'm sure we'll all be
23:56
here for at least a long time. And so we've all made it.
24:01
I, I, I, I think you brought up a great point and I think it
24:05
bears a little, maybe a little further discussion if you have
24:08
any other insights you can share.
24:09
But I've heard a lot of other leaders in the crypto and in the
24:13
mean point sector say the same thing.
24:15
And I kind of feel it, which is, you know, and I really feel this
24:19
to be true. Like there was a sense of
24:21
despair, right? I mean, a lot of mean coins went
24:24
down 9095% in value, but it was like, and at least, and I see
24:30
everything through the perspective of UFD, but it felt
24:33
like to me that our UFD community, maybe it maintained
24:37
its numbers, but the quality of the community shot up
24:42
astronomically. Like it like it was this
24:44
actually a blessing in disguise where it kind of galvanized the
24:48
community and, and, and I think like built this continues to
24:54
build like this foundation and platform from which, you know,
24:58
when things get better, that that, that, that we could have
25:01
some real benefits from that. Yeah, definitely.
25:04
I mean, you, you pointed out earlier on the stream you were
25:08
talking about Anson speaking about SPX that, you know, and
25:11
lots of these means that I mean, every meme usually during a
25:16
cycle goes down 90%. So that's that's normal.
25:19
But like when you look at the likes of SPX or you look at all
25:23
the kind of other meme coins out there that are building like a
25:26
really solid base, solid community, Those ones are
25:30
usually the ones that rebound the hardest.
25:32
And those ones are usually the ones I still don't think we've
25:35
gone through a full meme con, sorry, meme con meme coin super
25:38
cycle yet. And I think we're still in for
25:41
like some of these meme coins to run extremely hard.
25:46
Like if you look at some of the older, the older cycles, and
25:49
that's that was before even that Bitcoin now being over 100K and
25:53
all of these incredible kind of like catalysts that we have
25:56
coming up meme coins in the past.
25:58
Some of them run up to like 30 billion, stuff like that, like
26:01
Sheba back in some of those old kind of like mean coin cycles.
26:05
So although we do have like a ton more coins across the space
26:10
and liquidity is far more kind of fragmented across all of
26:13
those, I still think that we're going to have some some of the
26:16
mean coins like go into like full yeah, you know, multi cycle
26:22
kind of like mean coins. I think you guys are in that
26:25
category. You can see it from the
26:27
community that you're building as well.
26:29
I, I know, I know that our viewers love to hear that.
26:31
Jackson, you know what one thing that gets me excited about about
26:37
crypto is like, it's this fair and level playing field, you
26:41
know, like, like, like it's, it's, it's all transparent, It's
26:44
all there. And that UFD and any other mean
26:48
coin for that matter as well has potential to be as big or bigger
26:53
than anybody else. Like we really do have that
26:56
potential now, you know, obviously who knows what the
27:00
future brings, but I asked people that at the very
27:03
beginning, I would say, like, is there anything keeping UFD from
27:07
becoming as big as any other meme that's ever been?
27:09
They're like, no, there's really literally nothing there.
27:12
And it's this, it's this fair playing field.
27:16
Does that make sense? That gets me so excited.
27:18
It's the block and it's transparent and, and, and, and
27:23
the community is in charge. I mean, that's the other thing
27:25
that gets me. Like the people, I guess it's
27:27
democratization are in charge. Yeah, definitely.
27:31
You also have like the law as well behind your your main coin,
27:35
which is very strong as well. So the story as well is a very
27:39
strong one. And you can see like your
27:41
community rallying behind you the the fact that you know,
27:44
again, like you seem to have, like you're just showing your
27:47
social kind of impressions as well really high, but especially
27:52
for the market cap that you are now.
27:54
But you can see that like I know you rebounded a few weeks ago
27:57
and I think you kind of like doubled in price back on I think
28:01
around 28 million today. That's a, that's a pretty damn
28:04
strong flaw in my opinion. And you can see that even if you
28:09
like go back to Anson's post about SPX or some of the bigger,
28:12
bigger like ones that are hitting the billions now, they
28:15
did all around the same price for a very long time.
28:19
And they just basically they go sideways for sideways for months
28:23
and months and months, sometimes even like a year.
28:26
And then all of a sudden once you've built that base and you
28:29
just see it's not going down there.
28:30
All of the sellers are exhausted.
28:32
All you're left with is basically diamond handed
28:35
community members. The only way is like up from
28:38
that point. But you do have to go through
28:40
seeing all of those people that aren't diamond handed holders,
28:43
they have to exit so. Once you.
28:45
Stick around and build. Then you're in a position.
28:50
Yeah, right. I have my jug, you know, and I
28:53
mean literally like if this jug represents all of the UFD
28:57
tokens, all 999 million of them, like you said, right?
29:01
It's a slowly it fills up with with people that are dying.
29:05
We call them diamond hooves, right?
29:06
Diamond handed, whatever. And you get to a point where
29:09
like it's almost like, and I can't think of a good way to
29:11
describe it, but it's like the the scales start to tip, right?
29:15
You get to a point where so many people are are holding and
29:20
aren't going to sell and then it can create kind of a very, I
29:26
think OB one of our community members last night called it
29:28
escape velocity, right? Like things really start to kind
29:31
of build upon themselves. So we're ready.
29:34
Like it's all I see it as almost like being like almost launching
29:38
again. Like when a token launches,
29:40
right, you have more buyers than you do sellers because people
29:43
are just basically riding on like a wave of kind of euphoria
29:46
and height. But then after a while,
29:48
obviously once, once people have made 10X20XA100X, you're
29:52
obviously going to have sellers and then you're going to have
29:54
people that are just taking profits.
29:56
But once you've gone down and down and down and down and down
30:00
until all of those sellers are exhausted, it's almost, I think
30:03
it's like launching. And because then all of a sudden
30:04
you've got only probably buyers coming in and all of the people
30:08
that are holding you don't have a floor.
30:10
They're never probably going to. They're never going to sell like
30:14
again, like the local price. Yeah.
30:16
And like you said, unfortunately that takes time and, and you
30:20
know, I know I'm not a patient person.
30:23
Most people aren't. And I think in, in, in, in
30:25
crypto, people have a very short, you know, kind of time
30:28
horizon, but day by day by day, that's what I say.
30:32
Like we every day, I think the one of the biggest catalysts we
30:36
can have is maybe 10 new people, twenty 100, whatever that are
30:41
buying that aren't going to sell and is that builds and builds
30:44
and builds. That's what it's really.
30:46
And I like the way you said that because it's almost like a
30:48
relaunch of the token. It's like because right, the
30:52
initial euphoria, I mean, for the first two or three or four
30:56
days, probably weeks, we were a gambling token, right?
30:59
People were were trying to make a quick buck.
31:01
And now that that's done, now we are in this process of of really
31:07
building things out and then. You'll have the next floor of
31:10
holders as well, right? Because at some point whenever
31:12
you do shoot back up to wherever you go and you're, you're bound
31:16
to go past that all time high again and then whatever after
31:19
that. But then you would like to think
31:21
you've already got that floor around 28 million or wherever
31:24
you are now, where is the next floor?
31:26
The next floor might be 100 million.
31:28
So then after that you just build on that floor again and
31:31
again and again. Yeah, wow.
31:33
I love talking to you, Jax. I want to talk more about
31:35
Memecon. The other thing I thought of, I
31:37
wanted to mention to you, another great person in the in
31:41
the in the meme coin community, who I've I'm just getting to
31:45
know, but I have wonderful, great impressions of is a guy
31:48
named Frankie Lapena. He's a big YouTube celebrity.
31:52
I don't know if he's the guy with the big butt.
31:55
Yeah. And he's got his own coin.
31:58
And if you're talking about doing something in the United
32:00
States, it'd be great if Frankie would be there too because he's
32:04
I mean, he is just a real gem of a person.
32:08
So just another idea. He included us in one of his
32:12
recent videos, but I think, you know, there's some really good
32:17
people out there in the meme coin sector.
32:19
I'm I'm fortunate and I include you in that as well, like good,
32:24
genuine, nice people. So can I ask you a quick
32:30
question? Can you help educate me?
32:32
I keep seeing this on the timeline and I know I could
32:35
probably Google it, but I thought I'd ask you, what does
32:37
wag me stand for WAGMI? Do you know what that means?
32:42
We are going to make it. There's a terrible if you want
32:45
to like you want to go and see Wag Me though, and it is a
32:47
flight that's one of those like bearish.
32:49
I think it's quite like a like it's cringy kind of crypto.
32:55
What was what you call them Whatever.
32:56
But yeah, there was a Wag me got a video from what's his name,
33:02
the guy who runs Facebook is. Zuckerberg.
33:06
Muckerberg, his sister, put a song called We Are Going to Make
33:10
It, which was awful and that was almost the the last top in one
33:13
of the other cycles. So yeah, you see people starting
33:17
to say we are going to make it usually.
33:19
So OK all. Right.
33:21
Yeah, I see it. I'm not, not in regards to the
33:23
UFDI, just keep I see it on post.
33:25
I'm like, what does Wag me stand for?
33:27
You know yesterday I did have Frankie Lapin on and his coin is
33:32
gyat GYAT. And I was like, I had to ask him
33:35
like, what does Gatt stand for? And I thought that was an
33:37
acronym. And I kept thinking like, and he
33:39
explained to me, that means that's the way people refer to
33:42
large rear end. So you know, I'm on a roll
33:45
learning. Today, yeah, but I knew the coin
33:47
was called Gatt, but I didn't know.
33:49
Yeah. Yeah, that's, I guess it's like
33:51
a slang term with Gen. Z's for like, you know, like the
33:55
what are the Kardashians or whatever the people have it.
33:58
But let's see, what else can we talk about?
34:01
Your, your, your event in Lisbon went well.
34:05
You're feeling like, like you said and correct me if I'm
34:08
wrong, that people are people. We've gone through this period
34:13
of despair, it feels like to a certain degree, but the people
34:16
are really loyal. Is that is that a good
34:18
assessment of what you're feeling?
34:20
Yeah, I think so. It's just, it's kind of the same
34:22
what I just said. But I just feel like if you're
34:25
still here, you're not going anywhere.
34:28
And if you've got a community already that are already backing
34:32
like a token like UFDI, hide it. Like if you've already, they've
34:36
already made friends. You said it yourself, like this
34:38
is a huge thing now about making friends as well within this
34:41
space. And if you have community, you
34:44
have your tribe. I think it's very unlikely that
34:46
those kind of people will leave. It's similar to it's similar to
34:52
even like before like the kind of meme coin kind of crazy cycle
34:55
last year. Like if you went back to kind of
34:58
like other alt coins back in 2017 all the way through to
35:03
before that meme coin cycle, before meme coins really took
35:06
over, you could say like a lot of the alt coins were pretty
35:10
much meme coins in my opinion. They were just basically coins
35:13
with like very like loyal communities.
35:16
I would say, not that I'm a big fan of Ripple, the company, but
35:20
XRP is like a very kind of like meme kind of community, like
35:26
very, very cult like. Most of them never sold.
35:31
And I think that's similar to to what we're seeing with the meme
35:33
coins now is just the difference being is that they're way more
35:37
fun. Like memes are just fun.
35:39
They're way more viral. Yeah, go on.
35:42
Well. And and and I want to get your.
35:45
I want to learn from you because you've been around, you talked
35:48
about XRP and I've heard that said about a lot of the quote UN
35:52
quote utility coins that have been launched in the last three
35:56
4-5 years that, you know, a lot of them are launched and they've
35:59
got big money behind them and big investors and they promise
36:03
all this utility and what they're going to do and change
36:06
the world. And you know, they have, I think
36:08
they're called Icos and that generally like most of them,
36:13
like 96% of them wind up essentially becoming just mean
36:17
coins. And, and because they don't
36:20
deliver on what they said they were going to do.
36:22
And on top of that, when they do, when they do go public or
36:27
have their Icos, basically that's like just the original
36:31
investors to a lot of time, not all the time, but a lot of time
36:34
the original investors, the VC funds, whatever, just kind of
36:37
cashing out in using retail as, as liquidity to cash out.
36:43
And then these things just basically turn into essentially
36:47
into meme coins. Is that is that?
36:49
Have you observed that or? Yeah, pretty much in a way, I
36:52
guess like most of the coins that were launching in the past,
36:55
right, that went through Icos were a bit before that around
36:59
2017. But then you went through like,
37:01
yeah, VCs getting early into all of these tokens through like,
37:05
you know, very early seed rounds.
37:09
And then once the token is launched, they have a vesting
37:13
schedule where they will basically sell their tokens to
37:16
people when the tokens are launched.
37:18
But I think most people are a bit more clued up to this.
37:20
Now that comes back to that comes back to where we are with
37:24
meme coins now, especially with things like pump fun, how all
37:27
these tokens were launched because most of you know, VCs
37:30
weren't getting in on these tokens at the start.
37:33
And most of these VCs aren't in these tokens, not until they're
37:36
probably much higher market caps.
37:38
I'm sure Farquin has quite a lot of very large investors and
37:41
other ones. But that makes it, in my
37:44
opinion, much stronger for the likes of meme coins because you
37:48
just have communities that are holding rather than people that
37:52
are going to dump on you at every single second, every
37:55
single opportunity. So like we're going on before
37:57
now you have this floor around 28 million, you're only going
38:02
up. You're not going to have
38:03
hopefully people just dumping on you in constant cell pressure,
38:08
which is very good. And yeah, going back to the the
38:11
type of utility kind of coins, altcoins, XRP, all of these
38:15
other ones, they went through a similar thing.
38:18
They went through years and years and years since 2017 of
38:21
sideways action. And now you kind of see XRP back
38:25
up at around like $2.00 or something like that.
38:28
But that's that's sometimes how long it takes as you really have
38:32
to shake out we cans and just build kind of like a community
38:37
of people that are just will not sell.
38:39
So yeah. Wow, wow.
38:41
We're going to stay on for a few more minutes if that's OK, Jax
38:44
and I, but I do want to say thank you.
38:45
We've got over 500 people right now.
38:48
Actually more like 6 or 700 people live with us.
38:50
So thank you to everyone who's joining us.
38:52
Please retweet this. If you're watching on YouTube,
38:55
subscribe to the channel. But most importantly, and I
38:58
think I can speak for Jax. We appreciate, you know, each
39:01
and everyone of you joining us here here today.
39:05
I wanted to mention also, as we talked about meme coins that
39:10
Brian Armstrong, who's the CEO of Coinbase, like 7 weeks ago,
39:16
he made the statement that he thought Bitcoin had essentially
39:20
turned into a meme coin as well. So you know, with, with UFD and
39:26
that and I, you know, and I know Bitcoins way different.
39:29
Some people, including myself can sometimes we like to say
39:32
we're baby, baby Bitcoin because of the communities similar ish.
39:36
But with us, I think one thing, and I'd like to get your
39:39
perspective on this, that was all by accident, Jax, because I
39:42
had no strategy to start this thing.
39:44
I had no idea was all just kind of happened literally like
39:48
spontaneously. But I think one thing now in
39:51
hindsight that's cool about UFD is like we didn't have any
39:56
promises from the very beginning, like 0 promises,
39:59
right? We didn't come out like
40:01
everything. And and I like to say that about
40:03
UFD, like we are, we, we like to keep this, this ideal that we
40:07
under promise and over deliver like we didn't have any
40:10
promises, no big investors. And it just kind of organically
40:15
grew. And I don't know if it's the way
40:16
you're in, you're in Spain. Is that right?
40:19
Are you Portugal? In Portugal, but in the United
40:22
States, if you want to buy something that's organic at a
40:26
grocery store, it's much more valuable, It's much more
40:29
expensive. And I think that like the pure
40:32
just base organic foundation of UFD, it sets it apart in a lot
40:39
of ways and all and sets it apart in a good way.
40:41
Definitely, yeah. I didn't catch that with Ryan
40:44
Armstrong, but I've heard other people call Bitcoin and mean
40:47
coin. And yeah, I would agree.
40:49
I mean, look, it's it's pretty much impossible for the average
40:53
person now to buy one Bitcoin unless they've got 100.
40:57
And what is it today, 7000 lying around their house.
41:00
But like, even if you go back to like the earlier days of
41:03
Bitcoin, the stories, the law around Bitcoin is really strong
41:08
and very, very similar to a meme.
41:10
And there are memes all over the world just about Bitcoin, right?
41:13
If if you speak to somebody about Bitcoin, they won't really
41:16
know much about it. They would have just heard
41:18
stories about people who have got rich off of Bitcoin or they
41:22
might yeah. So definitely I would say
41:26
Bitcoin is a meme and that's obviously great for for our
41:31
space as well. I.
41:32
Think I'm going to pull up your website here real quickly to
41:38
show people, make sure I share the right screen.
41:41
There we go. It should be up now guys this is
41:45
Memecon dot LOLI love that dot lol.
41:49
Where you can go to learn more about Memecon Upcoming events?
41:55
What's the next event that you have?
41:56
Is there? Is there anything on the
41:57
schedule at this point? Yeah, this is it.
42:00
So as I said, we're I'm in the process of looking at bringing
42:04
this stateside, but I haven't set any dates yet.
42:08
So yeah, this the website will need to be updated in the next
42:11
couple of weeks. But yeah, we're that's the plan
42:14
at the. Moment and a lot of content on
42:17
this website where people can go look at previous you know
42:23
previous events, things that you've done and wow really cool.
42:28
I love your website, so I'd encourage everybody to go out
42:31
there support jax. Oh, you know what Jax let's go
42:34
out and let me go to the your hold on here.
42:38
Bear with me one second. I apologize.
42:40
I'm going to take everybody out to your Twitter profile as well
42:45
so they can go check that there we are hopefully you guys are
42:52
Yep, you can see this it's meme con right at meme con under
42:58
score at meme con under score OMG so you can follow him on X
43:04
and get up updates, but also go out to the website.
43:07
What did I forget to ask you, Jax?
43:09
Anything else we want to talk about this morning?
43:12
I, I don't know if there was something else you wanted to ask
43:14
me, but yeah, feel free. I'm more happy to to sit and
43:18
talk to you and see always good, good conversation.
43:21
Yeah. No, I'm good.
43:22
I think, you know, the biggest thing that I was interested in
43:25
was hearing from you kind of your read on what you're feeling
43:29
because I mean you're running these conventions, you were in
43:33
this, let's say. I do have a question for you
43:36
actually. So you've been in this now for
43:38
all coming up, what, a year and a half, two years you've been
43:40
running these conventions? Yeah, Mean coin now would be a
43:44
year and a half about that, yeah.
43:46
How? What was it like in the mean
43:49
coin sector, let's say maybe like like a year ago right now,
43:56
I'm just curious what it what, how different it was to, to what
44:00
we're seeing right now. Very, yeah, very different.
44:03
There's some differences and some not, but the biggest
44:06
difference was that I think you had a lot, well, so before one
44:11
year ago, you obviously had that cycle with mean coins where they
44:15
were going absolutely ballistic. But you still had people on the
44:19
sidelines who are very kind of sceptical about meme coins.
44:22
Or they were maybe annoyed because there was sidelines and
44:26
they hadn't been trading meme coins.
44:28
They really didn't pay much attention because there are a
44:31
lot of people honestly like pre this just thought meme coins
44:33
were scams. So the difference being is that
44:38
you, I think now we've seen a lot of people that were
44:41
sidelines have now come in late. A lot of those people got
44:45
totally wrecked, which is what I think was like happening at the
44:50
start of this year when people we went through that kind of
44:52
like, as I say, weird, not bear market, but I think just
44:56
generally just people have having been wrecked on meme
44:59
coins. So I think the difference is now
45:02
is just a lot of those people maybe have left now.
45:06
There's definitely like the volumes have gone down.
45:08
You can see even with like pump funds on pump fund launches,
45:11
they're not making as much revenue as they were at that
45:13
kind of peak. I think it's just waiting on the
45:16
next kind of like cycle for meme coins like bitcoins obviously
45:21
gone crazy. We're still waiting for kind of
45:23
the dominance on bit Bitcoin to drop.
45:26
And I think it doesn't make sense to me if we don't go
45:31
through another kind of old season, full blown old season.
45:35
So I think we're just waiting for Bitcoin dominance to drop.
45:38
And then as always, meme coins always pump the hardest.
45:42
So it will go through probably another thing like Bitcoin, then
45:46
Ethereum, then you've even seen recently Ethereum meme starting
45:50
to pump. This will trickle down
45:53
everywhere. But I think at the end of the
45:55
day, meme coins always pump the hardest and they will be that
45:59
will win again. But we're just, yeah, it's just
46:01
it's basically like, yeah, Bitcoin dominant wrestle at the
46:05
moment. Trying to see when that drops.
46:07
Yeah, yeah. You know, it's interesting
46:09
because I was, you know, I was a gold and silver guy.
46:11
I still love gold and silver and for decades and the same thing
46:15
happens in that sector. Like when the gold price takes
46:19
off the big mining companies, which would be like the bitcoins
46:24
of the world. They they start to do well and
46:27
then after that, the mid size companies, they start to do well
46:31
and then the little tiny junior companies that are maybe
46:34
exploring whatever, they're the last to move, but they move at a
46:38
much more exaggerated rate than than all the other ones.
46:42
So that makes sense, you know, and I think I think there's some
46:45
good signs going on out there. One more question, Jax, you,
46:51
you, you've been engrossed in the meme coin sector.
46:54
You've observed a lot of different meme coin communities
46:57
obviously over the years. Is there anything that stands
47:00
out is like the most important thing or anything that you've
47:04
kind of had a moment where you're like, you know, that's
47:07
what makes 1 meme coin more successful than another meme
47:11
coin? Yeah, a couple of things.
47:15
The first one that came to my head was the community really
47:21
supporting each other, but almost like a family.
47:25
The ones that really are there everyday you start to see the
47:30
same people, the same faces and you build up basically a very
47:34
strong base of community members that are going to kind of push
47:37
the project forward or push the forward with things like content
47:42
or anything else that you you kind of see happening.
47:46
So the the strongest communities I've seen have been ones that
47:51
they have almost have a kind of like family, kind of like feel
47:54
to them. That's that's my opinion on it.
47:57
And then the other let me think about what other ones you've
48:00
got. You've got community.
48:04
I would say just like again, that I kind of think it's
48:07
something that Murad kind of said a while, like believe in.
48:10
Like we have to believe like I don't know if you write with
48:14
that slogan, but you do have to believe that if you're in it,
48:19
you're in it. Like if you're jumping between
48:21
different coins all the time, you're going to get wrapped.
48:24
Like it's a, it's a brutal kind of market, especially at the
48:28
moment. It's really brutal.
48:30
So. You you have to build a base,
48:33
you have to believe in what you're buying into a meme coins
48:36
because as soon as you start jumping around, you're just
48:38
gambling. You're you're literally you are
48:40
a gambler. So best advice really is to look
48:44
for what is like a multi cycle means the ones that will stay
48:47
the longest, find the meme coins that will be here in cycles, 234
48:55
cycles ahead. And those would usually come
48:58
back in my opinion, to the ones that have the strongest
49:00
community, have the strongest law, have the story to be able
49:05
to kind of sustain that. If there's not a community
49:08
there, if there's no volume, you're probably not going to
49:11
win. Yeah, yeah, yeah.
49:14
That's, that's very interesting. The the other question I had for
49:18
you, as you've observed these communities over the years,
49:22
you've mentioned they're like families.
49:24
And in any family there's going to be squabbles, right?
49:28
And so squabbles and little arguments.
49:30
Have you observed that? That's like the bigger, the
49:33
bigger the family gets. And as it evolves and is self
49:38
policing that you're going to have some squabbles from time to
49:40
time and that that's part of the process.
49:43
And I tried to explain to what somebody was like if, if, if our
49:48
if our community wasn't growing and evolving, if we didn't, you
49:53
know, the only way to not have squabbles is to not have a
49:56
community, to not have the family.
49:57
Is that? Is that part of the part of the
49:59
process too that you've observed?
50:01
Yeah, it's like the the whole goal, right?
50:02
If you want your token to just go up.
50:05
And that's really the end goal for most people.
50:08
I know that obviously people are here because they do love the
50:10
family, they do love the community and that maybe money
50:13
isn't their ultimate goal, but I think 90% of people in this
50:16
space are, are kind of like money driven as well.
50:18
But if you want people to come into your community and to see
50:22
the, you know, number go up, then you need to, in my opinion,
50:26
have like a space that feels like safe, that feels fun and
50:32
that feels inviting. So you need to have new people
50:36
come in and feel welcomed. And if it's not even about being
50:40
welcomed, you need to have something attractive enough to
50:43
for them to stay there. And that can come in my opinion.
50:46
But also back to things like the law.
50:49
If there's kind of like things that are like on the in only
50:53
people on the inside know kind of like cryptic, kind of almost
50:59
like 4 Chan like message boards where like you don't really
51:03
understand it unless you're in on the inside.
51:06
But that also draws people into your community as well because
51:09
it's things that you may don't understand.
51:11
Like you said, wag me things like that, right?
51:14
Well, people, people like we call people that don't own UFD
51:20
butter cups. And I always say like, you know,
51:22
if you're a buttercup, you don't know what a buttercup means.
51:24
So I explain that to them. But everybody in UFD knows what
51:27
buttercup means and everybody knows what duster, right?
51:30
Like we call ourselves dusters and the diamond hooved means
51:34
that you're diamond handed, you're a hodler, you're going to
51:37
hold on. And we've got all these and I've
51:40
thought like maybe we could even come up with like a fun little
51:43
like test that we give people like, you know, do you want to
51:46
become a duster? Well, you know, you have to pass
51:49
this four question multiple choice test just for fun, right?
51:53
Like as a, as a, as a welcome. And you pointed out something
51:56
that I feel very strongly about and I and I do try to reinforce
52:01
this with our community. It's like, you know, the our
52:04
welcome wagon, as I like to call it, is probably one of our most
52:09
important things, right? The the way we welcome new
52:12
people and give them, let them know that like we are inclusive.
52:16
We don't, we don't care what color your skin is, your hair
52:19
is. We don't care what your religion
52:21
is. We don't care if you're
52:22
conservative or liberal. We are very inclusive.
52:26
What we care about is that you want to come here and connect
52:30
with other people and and that you want a fair shot, right?
52:33
A fair transparent on a shot. So wow.
52:38
The whole things like butter cups or dusters or all of those
52:43
things, it's all about identity, right?
52:45
Yeah, People literally like, feel like it's a part of them
52:49
and it's a part of your identity.
52:51
I've necessarily, some of the most powerful things about meme
52:53
coins is that like I feel like some of the meme coins that I
52:56
hold, like it is literally a part of my identity now.
53:00
Like that is something as well. If you can find a community that
53:03
really has a strong identity, a strong purpose, likelihood is,
53:08
in my opinion, that you're going to have new people want to join
53:11
because they want to be a part of that as well.
53:13
So yeah, yeah, I need to write this down because as I'm talking
53:17
to you, like when I think about like it's like things like
53:20
identity or like intangible things.
53:23
But when I, when I think about UFDI, think about things like
53:27
fairness and goodness as like our real core, you know, the
53:32
good attracts good. So hold on, I'm writing that
53:35
down. You should charge me, Jax, a
53:38
consulting fee. All right, buddy, why don't you
53:42
and I stick around? I'm going to end the live stream
53:44
here. And if you have a few minutes,
53:46
I'd like to visit with you offline.
53:47
But I want to say thank you to everybody who's joined us today.
53:51
The viewer, right? The most important is Jax and I,
53:54
but there's you out there, dusters and butter cups and
53:58
diamond hooves. We appreciate everybody.
54:01
And Jax, if you have any parting words, I'll I'll let you say it
54:04
and then I'll I'll end the stream.
54:07
I just appreciate you appreciate the UFD community as well and
54:10
hope to to meet a lot of you this year at some point, yeah.
54:14
Sounds good. Thanks, Jax.