🔈 Yesterday, we had an exciting DeXe DAO Talk on Memecoin DAOs with @crypto_haku, @DumesnilPad, and a surprise guest! Here are the key takeaways:

⚙️ Lack of utility by design: Many memecoins deliberately avoid creating utility for their token. This allows them to be valued purely based on speculation and hype, rather than real metrics.

⚖️ Distrust of democratic governance: Memecoin traders fear that decentralized governance could destroy the "shill and pump" culture that drives memecoins.

🐕 The Shiba Inu DAO example: Shiba Inu plans to create a DAO led by two councils: Charity and Culture & Heritage. This is a promising step toward channeling memecoin wealth into good causes while preserving the viral culture.

📚 Lack of DAO awareness: Most memecoin traders don't realize they can launch a DAO on DeXe in few clicks, sending proceeds to the treasury and allowing the community to decide what happens next. There's a lot of room for education here.

🔄 Paths to improvement: Panelists were surprised that only 97% of memecoins fail, highlighting the need for better survival strategies. DeXe is excited to lead the way in creating better methods for memecoins to thrive.

Listen to the full version via the link, and stay tuned for more exciting DAO talks! 🎙✨