Music Music Thank you. Music Thank you. Music Hi everyone, can you hear me?
I want you to send me some love if you can hear me.
Raise your hand if you can hear me.
Thank you. Let here. Yes. Yes. Thank you, Fab.
So this is the Inside Meme Launch Pass AMA with BNB Chain.
We're powering the communities on BNB Chain.
So first of all, although I think most of you must know what's fab, what's forming,
but would you like to help us to still make an introduce of yourself and your platform?
Hi, hi everyone. Hi, Diana.
Yeah, I'm Sissy from 4Me and we're very excited to be here after a while, right?
BNB chain and with other friends with other launchpad as well so forming is a general purpose
launchpad build for you know to empower the next generation of meme coins and encore at the same
time and we are not just platform we are partner and dedicated to helping those products to to win
so we are very excited and looking forward to chatting with you all here today.
Hi, Diana and hi, Cece. Thanks for inviting us.
Thank you. Thank you, Cece.
Oh, okay. Can you hear me?
All right. Can everyone hear me? Yeah, very well.
Well, yeah, Flap is a mean launchpad.
Okay, okay. I think I'm lagging a little bit.
But yeah, Flap is a mean launchpad and more than that,
and we are building the, trying to build the permissionless infra for on-train
innovators and entrepreneurs and that's why we introduced tax token model a while back
and also keep innovating in the space to introduce more standards and, you know, for example, like text bots.
And our mission is quite simple.
We want to empower creators to be able to innovate and have fun on chain.
That's good. Thank you for introducing both of yourselves.
Thank you for introducing yourself.
And first of all, I would need to make a quick
do your own research disclaimer,
which is nothing discussed today in this session
can constitute financial advice, investment advice,
gambling advice, or a recommendation to use
The VMB chain does not operate, control, or endorse
any third party applications discussed.
Participants should conduct their own independent research before interacting with any web-through
protocols, finding tokens, etc. Okay, so let's get to our first question, which is why this
conversation matters now. So we'd like to give you a few backgrounds, which is meme is like the backbone of many communities in crypto on the MnV chain.
And they have become one of the strongest community driven forces.
I believe everyone who's here are hearing that.
So it feels natural given the cultural, social and entertainment value of memes. So it also makes sense that our meme scene is particularly vibrant at this, right now,
So because I feel like everyone can feel the vibe of our meme-cism.
And let's get to the questions, which is first, for me, for your observations, what do meme communities value the most?
Yeah, yeah, yeah. So actually, from what we've seen, meme community obviously cared about profit margins, right?
But, with joy that we often value non-monetary things in a product the most, like charge trash, belonging and realness as well. And I think people care deeply about whether
the starting point feel honest or not. The product that's that
with no hidden advantages and no unclear mechanics often gain the
most support and for much longer than those who are just looking
for quick catch grab. And it's very important for the meme products
to come with that sort of transparent attitude
And I think memes, when people feel like
they are part of something,
it's about belonging, it's right.
It's not just buying into it,
but the feeling of belonging to the community.
And that's why inside jokes, retros,
or shared language and collective wins matter with joy of polished branding or bragging about the huge marketing budgets or VC backing.
Although at the end of the day, that obviously affects the liquidity.
And I think for memes community, they also value the authentic momentum. When we talk about momentum, we not
just talk about hype, but we talk about the visible activities. So we viewed on the real holders,
the K-Wall that talking about the products, the social media sentiment, the active group chat
and these are the signals that the real on-chain movement, which is always a good sign.
Communities are very astute.
They can tell when something is stitched or the money is being pumped into the marketing
in a very inorganic way or some suspicious for the engagement of the products.
And right now, I think more than ever,
people want to engage and feel connected in the real way.
So that's what I think people care the most
when they do meme tradings or enjoying investing
or looking at a meme communities or a meme product.
I see. Thank you so much for sharing. At the same time, besides our two platforms, we also
have Leo from 42Space. Leo, would you like to make an intro about yourself? I think most
of the communities are not really aware of 42Space since we're relatively new
compared with the other two.
So we've been on the BNB ecosystem for about two months now, and we have been in private
We're going to officially open up very soon.
So 42 is very, very different from a typical
meme clone launchpad. So the key difference is that it's actually a prediction market launchpad.
The assets that are generated from this protocol are prediction market outcomes. So for example,
events, a future event, who's going to win this Hunger Game, who's going to be the next president of the United States.
All the mutually exclusive outcomes are structured as tokens, and users can freely mint them, trade them, just like meme coins.
At the end of the events, the winning outcome will just absorb the liquidity of all the other outcomes and redistribute to the winners. So it has a
prediction market style question and a prediction market style term resolution event.
Thank you. Thank you so much. Thank you so much for sharing about the background of 42.
Quick question for you. So why do you think memes have become such a strong community force on BNB chain specifically?
Yeah, so I definitely personally I've been observing the trenches for quite some time and I think culturally the BNB trenches are a little bit different.
I think it's less predatory compared to Solana, for example, and much more active compared to Base
or any of these other chains.
I think BNB always has the DNA of expressing creativity.
I think some of the tickers that we've seen recently
So I think it has a pretty strong blend of creativity
and also just not taking things too seriously.
It's very, very expressive.
And also just from a technical perspective, I think the toolings for meme coins on BNB
ecosystem are superior and which is also resulting less extractive experiences.
There are just much less MEV in comparison to, for example, Solana.
So I think a combination of the cultural and technical reasons and UX reasons make it a
much more friendly place for meme ecosystem to grow.
Thank you for the good words.
So, it's user experience and the DNA and also the technology that we've been working on to try to solve
any MEV problems, et cetera. And back to Flap. So what are some interesting or unexpected
ways creators use their Launchpad to build and engage their communities? Because we are aware that Flap is going on a different direction
other than for Meme as a launchpad.
So what are some interesting or unexpected ways
that you can see that creators are using your launchpad
to build and engage with their communities?
As you mentioned, we actually experienced something
that is very different after we introduced and designed the tax token launch method way back
when, you know, on BondingCurve there was no tax token. And what we observed is that we saw a lot of people for example starting
to donate to using tax to charities and social missions like a experiment that someone is trying
to do and which really surprised us also because we didn't expect that. And also some other, you know, VALT
system designers. So for example, someone designed a tax VALT system which is called
Snowball, a non-financial device, but you know, basically it allowed automatic MnBot to keep buying and burning tokens with the
tax revenue from the token trades. So yeah, a lot of interesting stuff like these did
happen on Flap and we are just trying to build the infrastructure that made these kinds of fun and innovative things happen in a safe
environment where you know people can keep um um you know play with it and have fun with it
thank you so much thank you for sharing and uh we can see that uh there's a difference between all three launchpads here today, from 42, from
Flap, and from 4Meme. So I think the creators can choose what they prefer, what features do they need
to choose whichever platform they tend to use. And also, let's get to the next question, which is about user experience.
So for Formmeme, as one of the earliest meme launch pads on BNB Chain, what are some standout
or underrated features on your platform today?
Because we've seen that Formmeme is continuously upgrading their features.
So what are some standouts or underrated features on your platform today we'd like to share.
Yeah, I think one of the underrated strengths of warming is that we
desire about user behavior, not just the mechanics.
And a few things that matter more than people realize is the ease of understanding because we prioritize
users being able to understand what's happening on chain supply flow pricing liquidity without
needing a defi background and that actually reduced the panic and emotional miscreate
and i think the second thing that matter to the to the user is the fast feedback loops.
Because creator can see almost immediately how community responds.
And that speech actually helps the product to adapt instead of slowly dying in silence.
And the big thing is we try to remove unnecessary friction without removing accountability.
And that balance is actually hard, but it's what keeps both creators and users coming
And I think that is something that stands out to 4MEMES, that, you know, building the,
as one of the earliest meme launchpad on MemeChain.
Thank you so much. as one of the earliest main launch platform VMChain.
Thank you so much. Thank you, Sissi, for sharing the great features
about VMChain and how you have been working on them.
Let's get to the next question.
So what's one UX details or improvement
you think most launch platforms still underestimate?
Well, I'm not sure about others.
But for us, we did see previously we underestimated
That's why we doubled down on this.
And right now, we try our best to allow them to not just
follow the same exact mode, but we allow them to customize their designs to our infrastructure,
which allowed a lot of innovations to happen.
Okay, cool. So by founder's flexibility, do you mean about the features like how you allow founders to set up their different taxations?
Yeah, yeah. Basically, we try to open up the on-chain infrastructure to allow people to
innovate differently regarding their, for example, tax routes. And we try not to set the same curve or same rules for everyone
and allow them to be a little bit different from other tokens
Cool. Good. Thanks for sharing.
And then thanks for adding the flexibility for founders.
And next question is for 42.
So from a user experience perspective, so why did your team choose to merge memes with
prediction market settlement?
So what user behavior were you optimizing for?
Yeah, so our biggest motivation is to introduce an entirely new asset class. We've actually
spent a lot of time with prediction markets. We've been building prediction markets for
a very long time. It's generally a pretty useful tool because you can trade theoretically
anything from whether to who's going to be the next president. But the problem is prediction markets, they're extremely boring.
They're very boring to trade and they're very difficult to get into.
So in order to make these questions more available and this format of trading more available to everyone else,
we have to tap into something that's already been well understood.
And also most of the user behaviors are much more familiar with how meme coins are created
We actually see a lot of similarities between the sentiment aspect of meme coin trading
as well as just the settlement aspect of prediction markets.
So we wanted to marry the best part of both worlds so that we can give users something
Thank you for I think it's very good to share with other founders that how you've been doing
the research on the user behaviors of different products.
And let's get to the next question, which is about your builder journey. So first of all,
this is a question for you all. So what's one win or breakthrough you are most proud of and how has building on bmc supported its outcomes
or accelerated growth so it can be anything it can be like uh people support the infras on bmc
chain distribution retails the image ecosystem anything It can also be just people support.
Who would like to start first?
Yeah, so the biggest win for us is really coming up with the core mechanism behind 42.
It took mighty effort and took a long time.
Because prediction markets and meme coins are actually quite different at a first glance.
In some way, they're completely opposite, right? So meme coins are extremely endogenous,
as in it's driven by the demand and supply dynamics of the token itself,
whereas prediction market is completely opposite.
It's exogenous, as in trading the path of trading
does not affect the final outcome.
does not affect the final outcome.
The final outcome is dependent on external events.
The final outcome is dependent on external events.
So how exactly to put these opposite aspects
into one mechanism such that people can enjoy the game
without feeling like it's a very jarring,
broken experience, that took a very long time.
So this is definitely our proudest,
well, I guess not achievement so far, but
something to show. As for BNB ecosystem, I definitely think, so we originally, the team
came from a different ecosystem. I won't say which one, but I think the level of support that we've gotten from the official teams and the infrastructure toolings on BNB is very, very different.
I think people are warmer.
So, for example, on the previous ecosystem that we were on, when we go to the official team for support, there is really very polite, but nothing really happens.
Whereas on BNB, things do actually happen, introductions are made, and yeah, I think that's
a very obvious thing that we felt. Oops, said too much.
Thank you so much for sharing. And no, it's not too much. And Sam, for interrupting you, would you like to share about your experience?
Yeah, I would say our proudest, my proudest win is I think we proved that
tax tokens does belong to a bonding curve launchpad on VSC especially.
we released a tax token uh launchpad were zero tax only and uh so we introduced this concept
and we um you know kind of proved that you know tax could be revenue and uh and that would allow teams to do more stuff and hire devs, do marketing, or even allowing donations to happen.
And yeah, so that's the one win or breakthrough that I am proud of.
Good. Thank you. Thank you for sharing all your experiences.
It's actually really great.
Yeah, actually I was going through a couple of wins that we have. And I actually went
over the last year-end review that we have. And I think our biggest win is when our launchpad exits all our competitors
and became the highest in volume across the board, across all chain as well. And we were extremely
proud of it because this proved that BNB chain memes were capable of reaching a global level
of visibility and attention that many previous thought is impossible.
And of course, we couldn't have achieved that without BNB Chain, right?
The low fees means that the users could actually participate.
And also the entire BNB Chain ecosystem as well and the human behind hired that deeply have us. And also the retail users distribution as well,
that made it so easy for us to tap into the retail audiences.
And other than that, I think other partners as well,
like wallets, infrastructures, and ecosystem partners as well,
that scale with that instead of becoming the botanics.
I think what modern mode is mode stood isn't just the headline that we exist
compared to these volumes or revenue or something,
but it's that the level of activity
shows that the real and sustainable users
and the attention that we're paying
to the user behavior actually works.
that we wasn't just running a meme wave, but we were leaving the entire behavior actually works. And that is when we knew that we wasn't just running
a meme wave, but we were leaving the entire ecosystem
Thank you for sharing your experience
with the platform for me,
for how you've been experiencing like working with your team and our team.
Okay, let's get to the next question.
This time I'm going to have a flat step first.
So, which is, what's one product or go-to-market decision that had the biggest impact on creator
What is one product or the go-to-market decision that you've ever made that had the biggest impact
or creator on creator or the community adoption?
So I would say that the biggest go-to-market decision
by far is the one that we just made.
So we introduced TextVault just a couple of days ago
that we think will have the biggest impact on our roadmap.
Basically, we want to use TextVault
to give creators and developers on-chain
to have a space to innovate sustainable, I would say, value streams or revenue streams
to token launch teams who want to try out their innovations.
And yeah, so I'm quite optimistic about that.
And we are trying to push for that.
Thank you for sharing this great experience,
like how it impacted the community.
And this is a good example.
I think other founders can learn from it
if they think it's good as well.
And let's go to the same question to Leo.
Yeah, so the nature of the assets on 42 makes the origination process a little bit different from a typical Bitcoin. So because the way that these assets are framed
is not just a ticker or association
with specific images or symbols.
It has to be a very precise question.
Otherwise, the market cannot resolve.
So because of this difficulty,
it also introduces a lot of complexity
to user-generated content.
So that's why most of the prediction markets that you see,
I'm not sure if people here are familiar,
they are not open to user-generated or even user-proposed markets.
So we don't want that, right?
I think it's kind of a lousy experience
if the platform dictates what content to show and what market people can trade on.
But at the same time, we also acknowledge that if we just let anyone to create topics or markets on this platform, the experience is going to be terrible.
are very actively introducing toolings to make it easier for users to propose and frame
questions in a way that is clear and also resolvable. This actually takes a lot of effort,
but we've been researching this part for quite some time. Hopefully, we will be able to do
this permissionlessly soon. Great, thank you for sharing your experience with us.
I think Sissy might have lost connection.
Yes, we can hear you now.
Yeah, I think the go-to market decisions that we have that put the biggest impact to our creators of community adoption
is to optimize for repeat creator instead of one-off launches.
Because early on, we asked ourselves,
would a good creator want to come back and launch with us again?
And that mindset actually has to shape how we design tools,
and how we thought about reputation on the platform.
And once the creators started returning and committees followed them,
I think adoption stopped being something that we had to force,
And I think our team, not me, myself,
not only me, myself, but also our team as well,
we don't plan things too long ahead of time,
but we try to be flexible and also to react quickly
on the market sentiment as well.
And I think those contribute to the biggest impact
for our creators and communities.
Thanks for sharing how you have engaged with your communities.
I think this is really good to learn since Formim has a strong community.
And the next question would be about the future.
So this one uh whoever raised hand
will take this question uh so where do you see me launch as heading next
yeah i yeah i can take the question first um Yeah, so I would say our approach is we want to blur.
I think maybe all of us will have different approaches.
Our approach is to blur the line between memes and on-chain developer innovations and try to make it fun and interesting
to launch and experiment different on-chain mechanisms
and make it safe to make that happen.
And now, Theo, what do you think about this? The next step.
Yeah, I actually share a lot of sentiments with the founder of Flap. I think the variety,
the diversity of the asset and adding new, I guess, capabilities slash power to the meme coin itself is something that's worth exploring.
So I actually think the tax token idea is super cool.
I mean, for us, it's to marry prediction markets and something that has prediction market value with meme coin.
I think the bonding curve-based launchpad is an incredible mechanism to solve pricing,
cold start, and getting people together to create a shared experience.
But at the same time, as we all know, MemeCoin has different life cycles.
And so in order to add more intrinsic value to these assets, we have to explore
different ways to give it, to allow it to evolve.
So I think this kind of diversity is worth exploring.
Thank you so much for sharing.
And the next one is the question for Zizi.
So, which is, what should creators and communities pay more attention to
creators often underestimate, right?
The first one is emotional cycle.
And the second one could be
and the sentiment of users
So the communities that often survive
are the ones that know how to communicate
during the down period and hype the community up.
So, and I think it's experience to learn on as well.
I think the short-term high fade as well
because how you launch, how you treat the
users, how you're transparent, how transparent you are, all of that stacks over time. And it's
very important to build that prototype so that your product continues to stay relevant. And
also it's a way to, you know, stay accountable to your users in the long term.
I actually really agree with you.
I don't know what your all emotions right now since the market is not really optimistic lately.
However, I still stay optimistic.
I'd like to give a little bit of re-emphasize. Yeah, keep building.
And now I'd like to give a little bit of re-emphasize of, yeah, keep building.
I would like to give a little bit of re-emphasize of do your own research.
Nothing said here is financial advice and users should please do your own research before interacting with any web-through protocols.
So now, please, guys, if you don't mind, if you like our AMA, feel free to follow the
guests' social and community channels.
You can also follow BNB Chain socials to stay updated with the ecosystem updates.
Say goodbye for this AMA and be stay tuned.
We will have more on the way.
Bye-bye. Thanks, everyone. Thank you, Diana. Great job. Thank you, everyone. Bye-bye. Thanks, everyone.