Can You Sell Meme Coins on Moonshot?
Meme coins have exploded in the crypto world in recent months, and hungry investors scramble for the next big thing. With successful platforms being created that serve as a popular destination to trade niche and up and coming cryptocurrencies, Moonshot has come into the fold. And what is this Moonshot, can you get to sell your meme coins on this platform? Let’s break it down.
What is Moonshot?
The word Moonshot typically is used for projects, tokens and high risk, high reward cryptocurrency undertakings. A term so applied to large growth potential tokens, or coins, with equally large risk. Here, ‘Moonshot’ could also mean decentralized exchange (DEX) or marketplace for obscure or newly launched cryptocurrencies.
The problem is that some ‘hyped up’ platforms and tools called Moonshot are built for meme coins and low market capitalization tokens, giving investors the opportunity to trade new assets even before the general user base grows.
Are Meme Coins Coincides with Moonshots?
If Moonshot refers to a decentralized exchange (DEX) or a tool for trading crypto, the answer is yes, you can sell meme coins—provided the following conditions are met:
1. Listing on the Platform
Moonshot allows you to sell any meme coin you wish (once it has been listed or tradeable on their website). Most DEXs including Moonshot style platforms support blockchain networks like Binance Smart Chain (BSC) or Ethereum and many new meme coins run on such a network.
2. Liquidity Pool Availability
A coin has to have a liquidity pool in the platform to be tradable. To be clear, these pools are usually created by developers or community members, pairing the meme coin with a base currency, like BNB, ETH, or USDT. Selling your meme coins is hard (or risky) without enough liquidity.
3. Ownership of the Tokens
In order to sell meme coins, you must have them in a compatible wallet connected to Moonshot. Such platforms are usually used with wallets like MetaMask and Trust Wallet.
4. Market Demand
For a person to sell, he needs to have customers and the buyer should be ready to buy your meme coins. It can take just one post to inflate the value of meme coins by multiple orders of magnitude—just one week to crash it all away.
Meme Coins Moonshot selling Steps
If you’re looking to sell your meme coins on a Moonshot platform or a similar DEX, follow these steps:
1. Connect Your Wallet
Connect a Web3 compatible wallet such as MetaMask or Trust Wallet to the Moonshot platform.
2. Select the Meme Coin
Paste the contract address of the meme coin you want to sell and search. Make sure that you are talking to the correct token not getting scammed.
3. Set Your Swap Pair
Pick a couple to sell this, like your meme coin into BNB or ETH and set the amount you want to sell.
4. Confirm the Transaction
Check the transaction details — network fees, slippage tolerance — and approve this transaction through your wallet.
5. Receive Your Funds
Upon a completion of the transaction, exchanged tokens (for example BNB or ETH) will appear in your wallet.
Conclusion
As long as the coin is listed on Moonshot and qualifies with volume and enough liquidity and the market is demanding it, yes. While platforms like Moonshot offer moneyspace to traders wanting to capitalize on the fast paced type of meme coins, they carry a few risks of their own. Selling meme coins isn’t as simple as buying them, but if you learn and do your research, keep an eye on the market, and be careful, you can learn the ropes well enough to minimize some of the risk involved in investing in meme coins and hopefully profit.
