Event:
The long-standing Meteora project gained worldwide popularity because of the launch of the $TRUMP and $MELANIA memecoins, showing a simple method of making money on liquidity pools. It seems like the simplest way is that you invest liquidity in a pool and get a percentage of people's other swaps, but it is not as straightforward! This process requires top-notch preparation, searching for promising coins (in 95% of cases, gains are made on memecoins, since they are the ones that hold a high level of liquidity in the current moment), inspecting these same tokens, configuring the right parameters, and even monitoring the open position.
What is Meteora?
Meteora is a DeFi platform in the Solana network that is designed to revolutionize the creation and trading of memecoins.
How and on what do this project earn money?
Indeed, the project has enormous investments, as well as gigantic user support, which cannot but attract an increasingly huge turnover of money to the site. As seen from open data on the platform, they also take their commission from the revenues of the users.
What are the plans of the Meteora team in the future?
A massive resonance awaits the platform, since they are not going to stop here, but are ready to just promote their project until the end. In addition, their drop is already awaited by millions of users, which can but please and cause shilling in all social networks.
Analytics:
With nearly all the data about the project, we can say that the platform is sufficiently endowed with an excellent team, worldwide popularity and a decent investment fund. Meteora is the first decentralized platform offering DLMM (Dynamic Liquidity Market Maker).
