The Guide to Memecoining

Memecoins are a popular form of cryptocurrency. The first meme coin is commonly considered to be "Doge" coin which is inspired by the "Doge" meme. Memecoins can be based on anything and take many different forms. Popular memecoins at the moment include "WIF", a picture of a dog wearing a hat (dog wif hat) and "PEPE", a picture of the popular meme character Pepe.

Many memecoins these days are on the Solana blockchain. To buy a memecoin, you first need to acquire the coin of the blockchain you want to buy it on. In this case, you want SOLANA, or SOL as it is commonly known.

Go to a cryptocurrency exchange such as Coinbase or Binance and make an account. From there, buy SOLANA.

Here's a link to Coinbase's "How to Buy Solana" page: https://www.coinbase.com/how-to-buy/solana

Then, create a Solana wallet. The most popular Solana wallet is Phantom. Get the wallet at the link below, create a wallet and store the recovery phrase in a secure, private location. Your recovery phrase is like a secret password which allows you to recover access to your wallet. Anyone who has this phrase can access your wallet, so keep it safe.

Get Phantom wallet here: https://phantom.app/

Choose "receive" in your Phantom wallet to get the address for your wallet. Now you will withdraw your purchased SOL from an exchange to your Phantom wallet. Place this address in the withdrawal section when you withdraw it from the exchange.

Typically after a short period of time from initiating a withdrawal, you will have SOL in your wallet! Some exchanges will make you wait a period of time after depositing funds before you can withdraw, so if that is the case, you may have to wait to initiate a withdrawal.

After your funds have arrived, you can start buying memecoins! Dexscreener is a common area where coins are found and tracked, as you can see which coins are popular on each blockchain and their performance. Go here to see Solana's Dexscreener section: https://dexscreener.com/solana

If you know what memecoin you want to buy, you can make a swap directly.

For example, if you want to buy WONY, we have set up a link that will make it easy for you: https://jup.ag/swap/SOL-7AfFQr9jAHR42J4HZ4kncuVXzn43Zqp6t7Bg3ydSgJ4a

On that site, put in the amount of SOL you want to trade and it will tell you the amount of WONY it will attempt to purchase for you. To sell WONY, swap the coins around using the arrows in between the coins and put in the amount you want to sell.

Once you are more familiar with memecoins, you may want to use more advanced trading tools. One of these tools is Photon. Click here to sign up for Photon. Photon makes trading easier, but it takes a 1% fee on each transaction. If you use Photon, make sure to lower your SLIPPAGE in settings to a much lower amount, until you are more experienced and understand what all these terms mean. If you have questions, ask us in our discord!

Another tool you may want to use for memecoins is a telegram bot. This is similar to Photon but works entirely within telegram. If you use our referral link, a percentage of your fees will be referred to us and we will use them to buy back WONY coin and then burn it, removing it from circulation forever. This makes WONY coin more scarce and adds SOL to our liquidity pool. Use our referral link by clicking here.

Remember, memecoins are highly volatile and you should never risk money that you can't afford to lose. If you follow these rules, you can have an exciting time exploring a new, very popular activity which can also make you a lot of money if done well! Have fun!