Hazee:Hello everyone, I am Haze, from the GMGN trading product. I believe many people know this cycle or have used it. The topic of my speech today is about why GMGN has such a product and what our product mainly does.
GMGN is actually to solve a pain point, for "fast", why such a pain point occurs, I will explain it to you next. If Memecoin transactions are slow on the chain, there will be problems. For young people, they like to trade Memecoin, so they need a "fast" product to solve their pain points.
First, you can look at Memecoin. Many people will ask what value Memecoin has? I will talk about it in three sections:
First, the value of information and asset distribution is faster than traditional news, because it is related to money. Why is it related to money? If you trade Memecoin yourself, you will find that many hot events are actually issued through Memecoin. For example, when Trump was shot, he said "Fight", which is a hot event that everyone is familiar with. Memecoin will immediately issue Fight tokens. This is faster than traditional news because everyone needs to trade it quickly. Many people think that Memecoin will have emoticons or communities like Dogecion and Shibacoin before. In fact, the current Memecoin is more like a way of distributing information. Many hot events around the world will be issued through Memecoin, which is a way of distributing information and assets.
Second, cultural consensus. For example, Wave Dodge, which we are very familiar with, will have cultural attributes, and there will be a strong consensus in the entire community.
Third, attention realization. When trading Memecoin, you should know that when you buy hot event tokens early, when the community spreads it and more people begin to know it and buy it, you may make money on Memecoin if you intervene early.
The Memecoin market exploded after PumpFun came out, because PumpFun solved the unified issuance standard of assets. Why is it important to unify the issuance standards? Because only when the standards are unified can a more efficient way of distributing assets emerge, just like Qin Shihuang unified the measurement system. Unifying the flow of assets and funds will make circulation very efficient.
PumpFun has issued 8.9 million tokens since its launch in January 2024. Before Memecoin, blockchain had not issued so many assets in a year for so many years.
GMGN, as the largest platform for Memecoin transactions, was established in May 2023. In November 2024, the data ushered in a relatively large outbreak. The curve chart is very obvious. The website traffic and monthly traffic are 14 million, and the number of transactions per day is 600,000.
Who trades Memecoin? Who is using GMGN? In fact, many people who use GMGN are no longer slightly older people, but more young people. When we communicate with many users, most of the users are born in the 00s, in their early 20s, and are very energetic and dynamic. These people are new traders in cryptocurrency. Many people ask whether there is new traffic in cryptocurrency? Can it break the circle? If you know more about Memecoin, you will find that fresh blood and young people are playing Memecoin instead of playing DeFi, Etherscan and other things.
Through our understanding, most people are under 30 years old and look like they are in their 20s. In addition, many people have never bought stocks before. They buy Memecoin directly when they come in. They have no traditional experience in buying stocks. No experience in buying stocks means that they have not been educated by Buffett, long-term value, financial reports and other things. More of them like to trade in the form of small risks.
The change in concept is very obvious. They only have one sentence, Bitcoin and Ethereum are too expensive, the increase is not enough, I am a young person, I can take risks, so I want to play Memecoin. This is the change in the value proposition and investment concept of young people of Generation Z.
Traditional investors born in the 1980s will study white papers, long-term investment, valueism, and technological innovation. This was the case when I first entered the circle. I would go to each Telegram and talk to many founders about how your technology is implemented. Can you tell me about it? But now many people who do value investing and project work may encounter a worry, why no one discusses my white paper with me, many people discuss my economic model and coin price with me, because the new investment group has changed, he does not discuss these with you, he discusses other things with you, your social signals, trend cycles, community culture, cultural resonance.
On this basis, there are many pain points that have changed. Traditional on-chain transactions no longer satisfy them, because they think the transaction is too slow. I am not here to take over. I want to grab chips. I want to get early chips more fairly. I don’t want to get them from VCs and investment institutions. I want to fight on the chain myself. So under such pain point changes, the importance of speed in obtaining tokens has become very critical. Everyone thinks Memecoin is relatively fair because the chips on the chain are very public. Young investors can’t stand the slowness of traditional chains. Many young people in WeChat groups say it’s too slow. Blame me, this thing is too slow. When I see this situation, I think GMGN is a product that came into being to solve their pain points.
GMGN solves pain points by grasping one principle: for Memecoin transactions, success or failure depends on a difference of seconds.
There is a rather vulgar saying, but the consensus in the community is that "the quicker the person, the more likely the person, the less ...
The first thing to do is to scan the chain three columns, which is a proprietary name defined by the community in Memecoin product design. Before Memecoin chain transactions, there was no product called the chain sweep three columns. The chain sweep three columns are mainly used to monitor new assets issued on the chain. As long as new assets are issued on the chain, they will be pushed to you immediately, just like watching short videos on Douyin. As long as the creator sends the video, it can be pushed to you immediately. It can be pushed directly from the chain to you in one second, so it is called the chain sweep three columns, which can achieve real-time discovery and second-level push.
Play an animation. This animation can make everyone more intuitively feel what is called second-level push. This is the chain sweep three columns, which will "thunderbolt" and scroll continuously. Each scrolling asset is 1 second.
After asset discovery, solve another problem for users, the problem of transaction decision. Many people on the chain know that chips and data are open and transparent, but how do you turn these things into something that users can understand? It is actually very important to discover the value of users. So we have been working on on-chain data before this company, and we have been doing it for four years, pulling down the data of the entire network. Four years ago, we did something to connect the on-chain address with Twitter. When I was doing DeFi, I found that many people like to monitor an address, but who is behind the address? I don’t know what kind of person this address is. The address is a string of numbers, which is a relatively abstract thing. Even if I look at the address, I don’t know who this person is. For me, there is no specific perception and no decision-making perception. So the first thing we did was to connect the address with Twitter. What is the address behind the Twitter name, whether he makes money, and what he is playing. We solved this problem. Now if you play Meme coins, you will find out who is a big V, who is the head of the car, and I know what his address is. GMGN has done this four years ago.
In 2024, the "rat warehouse" function was first created. When trading in CEX, people often say that someone is a rat warehouse, but in fact, I don’t know that CEX is a rat warehouse. What basis do you have to say that I am a rat warehouse? Why is there such an objection? The reason is that the data of CEX is not transparent, while the data on the chain is transparent. If it is a rat trade, everyone can mark it out and take a look.
In 2024, we developed the rat trade function. When this function was launched, it was very popular in the community. Everyone said that I finally knew that so-and-so's address was a rat trader. After discovering it, they directly posted it on Twitter to scold him. This function is the best manifestation of data transparency, making transactions fairer and making decisions more rational. After that, we continue to enrich the dimensions of data, such as diamond hands and paper hands. For example, if you take one or two years, this person has a diamond hand. Usually many people say that I have a lot of Bitcoin and I have a diamond hand, but now I mark you on the chain, and everyone knows that you have a diamond hand. But some people say that I have never sold currency, but you have been selling coins at the address on the chain, so I will mark you as a paper hand. So at this time, even if you say that you are not a paper hand, your address is clear and everyone knows it.
There are also profit and loss analysis and token sources. For example, which exchange did you transfer the token from? If you secretly send a token to cut leeks, I can catch you and say that you transferred the token from CEX, you are sending the offer, and you are cutting leeks. We spent four years to build such data, so that more users can clearly know where they are when they trade on the chain. For community users who play well, each plate is relatively transparent in their eyes. Studying data addresses and on-chain data is equivalent to speculating in stocks, studying financial reports and other fundamentals. It is the same.
(As shown in the figure) This is the data page. You can see that there are a lot of data addresses. What is the name and what address? The one with a diamond label behind it is a diamond hand. The one with a small fishing rod label represents that this address is a distribution address. This chip is bought by an address and distributed to many small accounts. This is called a bundled board address (sound). There is an English name Dnf in the middle. Because he is connected to Twitter, I know he is a big V. What is his name? I can also give him a note. There are many banners above, KOL, VC, smart money, new wallets, developers, rat warehouses, fishing wallets, all marked for you, so when you trade on the chain, as long as you use GMGN, all data is transparent, giving you a relatively fair environment.
We also did one thing, pursuing how users can operate and trade quickly, which may be more experienced from product development. How to enable users to trade faster, we spent a lot of numbers to experience, such as 500 seed users, constantly giving us feedback and suggestions, and so far we have received 4,000 user feedback. In addition, there is a loss of 350,000 US dollars, which I lost when I used the product myself. I lost it purely by playing Memecoin on the chain, so I said that I spent money to buy cognition. In addition, a "three-point one-line" operation interface has been formed, with address monitoring on the left, K-line in the middle, and buying and selling on the right. As long as you are familiar with clicking from the left, watching from the middle, and buying on the right, a muscle memory of three points and one line is formed, in order to make everyone buy faster and more convenient, you can buy with your eyes closed after you are familiar with it.
Another thing we do is fast execution, 0.58 seconds, this is the transaction speed on Solana, Solana's speed is 0.4 seconds, we only spend 0.58 seconds.
I made a video comparison, the left is the mobile terminal, the right is the traditional wallet. You can see what the difference is between the transaction speed pursued by Memecoin traders and the transaction speed of traditional wallets? (Play video) We have already bought in 0.58 seconds, while the traditional wallet is still on the chain and still transferring, and it takes 2.3 seconds to buy. If you trade with GMGN users in the same period, GMGN users have already bought in two seconds, and you have just bought in. Speed determines your chip advantage and price advantage.
We not only have speed, we also have a community of young people. As I just said, young people of Generation Z are beginning to realize the economy through attention, trading Meme coins and trading hotspots. At the same time, there is also a very unique community language culture, which is the language culture of young people. I don’t know if anyone here knows it. For example, do you know what "pouring", "blocking" and "fixing" mean? If you don't know, you may be a little behind the times. "Pouring" means that after I buy, you buy, and I sell you the chips. "Blocking" means that after I buy, the price of the currency keeps falling, just like blocking the basketball in basketball; "fixing" means finding a token address, but not knowing whose it is. Trump suddenly said that this is mine, so I fixed his token address. This is the community culture of young people in MemecoinZ.
Social behavior has actually begun to change. For example, finding CA, copying CA, and forwarding CA have replaced likes, comments, and forwarding. They are more in the blockchain world. Finding tokens, forwarding tokens, and spreading tokens replaces his behavior when watching short videos. Of course, why does he do this? Because he has economic benefits.
Everyone calls our community "P Xiaojiang".
I just said so much, you pursue speed, you are P Xiaojiang, and you are cultural. After saying so much, do these people make money? How much money do they make? Is anyone making money on Memecoin? I know many people will have this question, otherwise I would have said so much "nonsense" on the stage.
We have a tutorial "How to make money from 0 to 10 million"? If you check Twitter, you should have seen it. It was written by GMGN. There are many examples in it (as shown in the picture). This picture is different from CEX. CEX can be P or fake, but the chain cannot be tampered with. Everyone can see how much money has been made. In the Trump wave, there are many P juniors. Now these people are called "P Marshals" according to the culture of our community, because they have advanced. They can make 17 Million, 17 million US dollars, in two days on Trump. They use speed, attention, their own energy, and the power of trends to make them make more money.
If you want to know how they make money specifically, you are welcome to go to the GMGN booth outside. We have prepared relevant tutorials. You can go and see their on-chain addresses to see how they make money.
To sum up, GMGN actually uses speed to capture hot spots for users, distribute assets for users, and realize value for users.
What else does the GMGN trading platform do? We are also the builders of the public chain and bring a lot of value to the public chain:
First, there is the most active on-chain transaction Degen, just like "P Xiaojiang", the number of daily transactions on the chain is hundreds of times, and users who trade quickly like this are not available on many chains.
Second, there is a good product experience.
Third, there is Meme transaction liquidity and community culture.
Fourth, there are self-built transaction nodes, which can improve the transaction speed of the public chain.
Fifth, token staking maintains the security of the public chain network.
Sixth, help the public chain do data analysis, there are a lot of transaction data that can be analyzed based on the public chain data to provide value for the public chain.
We are a public chain builder. We made 60 million US dollars on Solana, but we sold it all at once and pledged it. We are not a company that buys and sells. We value long-term value and really build public chains. If you are interested, I can send you the pledge address. It is really 60 million US dollars in Solana. Of course, Solana has fallen a little now, and there may be some changes, but it is indeed this much money and has never been sold.
Many people see that Meme coins have been falling now, but I think as long as the hot spots are not dead, there will be hot assets released. Although you can't see Meme coins with a large market value, small Meme coins will still emerge in an endless stream.
Hot spots are not dead, and Meme coins are not destroyed. Thank you!
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