Memecoins are often represented by animals, such as DOGE and PEPE. However, the IQ50 proposal is different. In addition to entertaining, the concept questions intellect, investment capacity and humor.
Coin's official website address is iq50.wtf. The acronym in English comes from the expression "what the fuck?", which means "what the fuck is this?". She considers herself a stupid coin, of no use. There is no information about who is behind memecoin, nor whether there are any supporters from the crypto world involved in the project.
Reflection on intellect and success
IQ is the intelligence quotient, a way of measuring intellectual ability. The higher this number, the more intelligence it indicates. The IQ50 website suggests that "people with an IQ of 50 tend to make more money, while those who analyze too much make nothing."
The phrase has a humorous style. The design that illustrates the website of this cryptocurrency meme is inspired by Wojak, a simple illustration, made from a black outline.
Success of memecoins
Memecoins are successful in the crypto world due to the engaged community. They have no investment value, like BTC and ETH, but are widely traded on exchanges and digital wallets.
An example of a meme currency that has become very popular is DOGE, whose representative is a Shiba Inu dog. She has a strong supporter: tycoon Elon Musk. When he quotes her, in any context, the quote usually increases significantly.
Others that are equally well-known and have dogs as representatives are: SHIB, WIF, MYRO and BONK. Others are inspired by cats, like MEW and POPCAT. PEPE and BRETT focus on the graphic novel Boy’s Club, by Matt Furie.
Memecoins on Solana
Solana is one of the most well-known and trusted blockchains. The network has good scalability, is robust and charges low trading fees. It even has its own protocol for creating tokens, SPL-20 (Solana Program Library), compared to ERC-20.
Furthermore, Solana is a well-known destination for memecoins. The Pump.fun app allows you to create memecoins with ease. The cost is 0.02 SOL. The token can be traded as soon as it is created.
IQ50 runs on Solana and uses the SPL-20 protocol in creation. This helped boost and increase the currency’s visibility. It gained ground in a disputed meme cryptocurrency market.
Tokenomics
IQ coin even plays with the total supply of tokens: 505,050,505,050. There are reports that the airdrop reached 150 thousand users, unexpectedly. Reddit forums received posts about her. As a result, she gained popularity.
The prices of memecoins like IQ50 are quite volatile. Because they are not used as collateral for loans or staking, they change price constantly.
Learn more about cryptocurrencies
IQ50 appears as a memecoin with the aim of bringing more lightness to the world of cryptocurrencies. At NovaDAX, you can find this and other coins. Access the website and negotiate!
