5 ways to make money with meme coins for Blockchain developers

In this article I will give you 5 different methods to monetize the meme coin hype as a Blockchain developer.

The Meme Coin Madness

So in crypto, there is always one or several narratives. A narrative, or hype is a current trend that attracts investors. At some point it was DeFi, at some other point it was NFT.

And right now, one of the narratives is meme coins.

Remember Pepe? The token that went to 4B market cap overnight? That’s a meme coin. Or pump.dotfun, the platform so sketchy it makes a used car salesman look trustworthy? That’s a platform for meme coins.

As the name implies, meme coins are usually attached to a funny meme. There is no long-term project. No roadmap. Not even a team. They are often created by just one person.

So why are people so much into them?

People like the no BS aspect:

• There is no pretense of an ambitious roadmap
• No long-term plan

It’s just pure speculation. And everybody is ok with that. Investors are in for the ride, they know it’s go be very volatile.

So how can you make money with meme coins as a Blockchain developer?

Method 1: Develop your own meme Coin

If you are a Blockchain developer and you can develop basic smart contracts, then you have the skills to create a meme coin.

Technically, a meme coin is just a token:

• If it’s an EVM meme coin, deployed on an Ethereum compatible chain, you have to follow the ERC20 standard, and it will be coded in Solidity
• If it’s a Solana meme coin, you have to follow the SPL token standard, and it will be coded in Rust

You can make a token as simple or as complex as you want. But for meme coins, you don’t need anything fancy. Meme coins are just basic tokens, with the basic functions of the token standard. For example, if it’s an EVM meme coin, you just use OpenZeppelin to create a basic token, and that’s it.

Once you have created and deployed your token, the next steps is to do a so-called Fair launch:

• A Fair launch is when you provide 100pct of the token as liquidity to a decentralized exchange like Uniswap
• Once you have provided the liquidity, you will get the so-called LP tokens that represent your liquidity
• You burn these tokens, so that you cannot do a rugpull later on.

When you provide liquidity, you will need to provide real money as well:

• It’s up to you to decide how much you want to provide
• The more money, the more credibility your meme coin will be
• But if you don’t want to take too much risk, just provide something very small, like, 1000 bucks

And now, 100pct of the tokens are the exchange and are available for trading.

You will also need a website to present the token. It’s a just a marketing website there is no other functionality, so you can just just use basic html and css. So if you are developer, it should be pretty easy.

So how are you going to make money with this? Well, since you control the moment when you launch the token, it will be easy for you to buy a lot of tokens at a cheap price.

Now, you gotta be careful with this because if people see that you control a large part of the token, it makes the meme coin less attractive. So there is a sweet spot.

The idea is to keep your tokens, wait for the price to go up and sell them.

Now, the hard part is the marketing. You have different possibilities:

• you can reach out to influencers
• you can pay a marketing agency to help you reach out to influencers
• and you can just spread the word on your own social media account.

Twitter is good place for that, crypto is very active on Twitter. If you have done a good job of finding a fun meme, it will be easier to go viral.

How much money can you earn from that?

It depends on how popular your meme coin becomes, and how much tokens you bought. Let’s say you buy a 1pct of the token from the fair launch. If your meme coin reaches a 100M market cap, that’s 1M for you.

But it’s also risky, and you can also make no money at all and even only lose in transaction fees. They are other ways to make money with meme coins that are less risky. Let’s cover these.

Method 2: Meme Coin Development Services

The idea is to create meme coins for customers.

Even though a meme coin is not very complex, for non-technical people, it’s still a bit difficult:

• They need to learn the programming language for smart contracts, Solidity for EVM chain, and Rust for Solana.
• They need to understand how to deploy the token.
• They need to understand how to provide liquidity to an exchange.
• And they need to create a website for the meme coin.

So why not hiring a developer for that? Why not hiring you?

This type of business is what we call a “Productized service” where instead of offering any type of development service, you have a very specific package.

It’s like McDonald’s. You don’t go to McDonald’s and say “Hey I want a burger with this and this and this, and some chicken, and add some salad”. No. You have to pick something that’s on the menu.

I love this type of business because it’s much easier to operate, to market, to optimize and to scale. In other words, less headache, more money.

So what would be in the package?

• Token creation
• Token deployment
• Token distribution via a fair launch
• Website creation
• Website deployment

Then you decide a price tag, and you are good to go.

To find your customers, you could start from a freelancing website, like Upwork.

Another possibility is to go see crypto marketing agencies. These are companies that help with the marketing of crypto projects. They often offer an expensive package with marketing and development services. And they delegate the development to other companies. So you would work for them, just on the technical part.

The advantage of working with a company like this is that they can give you work on a regular basis. The disadvantage is that they will try to squeeze you price wise. Their business model is to charge a lot, and delegate to cheap service provider.

If you want to make more money for your meme coin agency, you can try to copy these marketing agencies and also offer marketing services to your customer. But, I know, we are devs, we don’t like doing marketing. It’s up to you.

How much money can you make with that?

You can sell a complete meme coin package, between a few thousand dollars to $10k. Let’s assume you sell your package for 5k. You have 1 new customer per week. That’s 20k per month. And you can scale and go much higher.

You can also have a deal where you charge a share of the tokens. So you also benefit if the token explodes. I would not accept a deal with only tokens, because you take 100pct of the risk. I would charge a fixed fee regardless of a token allocation or not.

Method 3: Meme coin creator tool

So instead of developing the meme coins for customers, what if you have a tool for that? It would be a small SaaS for crypto entrepreneurs.

For customers, a tool like this would be:

• more simple to use than a service. They don’t need to communicate with you. There is no back and forth by email. It’s just a few buttons that they have to click
• it’s also much faster
• and it’s also much cheaper. Because everything is automated, you can create tokens at a much lower price

Now, what is the downside is that because it’s automated, it’s also less customizable. Customers can only chose among the options that you have pre-programmed. But, is it really a big problem? Meme coins are pretty simple.

Where would you find customers? I would try to partner with influencers on social media. For example on my channel I already promoted projects like this. I made a video about the tool, and I got a commission on people who use it. their tool.

How much money can you make with this? You could charge a fixed fee, and on top of it get a small percentage of the token supply. For example, let’s say $500. If you have 10 customers per month, it’s $5000 of passive income per month. Not bad.

Method 4: Meme coin audits

Another way you can make money with meme coins is by providing audit services.

Hackers are always trying to find new ways to hack smart contracts. And tokens are no exception.

For example, if you have a mint() function that is not protected, it’s possible for a hacker to mint themselves a lot of tokens, dump them on exchanges, make a lot of money, and after that the token is ruined. Nobody would want to invest in a token like this.

So you could offer a service to audit the code of meme coins to guarantee that there are no security vulnerabilities.

There are already established auditing companies for smart contracts. But in general they work on bigger projects, like protocols. So they might not be interested in smaller projects like meme coins.

Which leaves an open avenue to you.

How would you find customers? Different possibilities

• Either you partner with companies that create tokens. They create tokens, then they refer you customers.
• Or you partner with existing auditing companies that refer these smaller projects they don;t want, against a commission
• Or you develop your own acquisition funnels by being on freelancer websites like Upwork. It’s possible that you will need to do some education because most people who launch meme coins aren’t aware that of the security implications.

How much money can you charge for this? At least a few thousand dollars per audit. For example $5k. So it can become lucrative pretty fast.

Method 5: Meme Coin Trading bots

And the last way you can monetize meme coins as a bLockchain developer is by creating trading bots.

For example, you can develop sniping bots to make money from new meme coins. You can either try to make money with your own trading bots, or sell the trading bots to other people.

Making trading bots is harder than most people think though, and I talked about this in another video on my channel.

Conclusion

Meme coins are really hot right now. By offering a service or product related to meme coins, you will leverage a popular trend. And there are many different possibilities.

On November 29th, I am launching a brand new Blockchain academy, the 30 Day Academy. This is going to a course platform based on challenges. You will have one challenge per day, for 30 day.

And for the launch on Black Friday, I am going to do a special deal. To receive this deal, register with this link.

All right, that’s it for today, bye!