Kevin's Guide to Launching a Meme Coin (Hodi)

Jul 9, 2024

Kevin's Guide to Launching a Meme Coin (Hodi)

Introduction

  • Presenter: Kevin aka Kev the Dev
  • Purpose: Breakdown of the costs associated with creating and launching the meme coin, Hodi.
  • Disclaimer: Not financial advice; trade and invest at your own risk.

Initial Context

  • Coin: Hodi, first in a series of cat-themed coins.
  • Market Cap: $123,000 at video creation time, recent pump attributed to YouTube video release.

Cost Breakdown

Pre-Launch Costs

  • Website Domain: $20/year for multiple domains related to Hodi
  • Website Platform: WordPress ($49/year), hosted on SiteGround
  • Theme: Divi theme ($277 one-time cost)
  • Total Pre-Launch Investment: $58
  • Additional Note: Spent 1 SOL on a sticker pack which was not worth it.

Coin Mint & Launch Costs

  • Minting Coin: $75 using Orion tools
  • Creating Open Book Market ID: $75 via Coin Tools app (Alternative: Radium)
  • Adding Liquidity: 10 SOL (Significant cost)
  • Burning Liquidity: $3 using Sol Incinerator
  • Total Coin & Mint Launch Costs: $1,700

Post-Launch Costs

  • DEX Screener Profile:
    • Premium X Profile: ~$1,300-1,400
    • Waiting for blue check mark on the official Twitter account for Hodi

Marketing Budget

  • DEX Screener Ad: $750 for 10,000 Impressions
  • Moontalk Rotating Banner Ad: $670 for 3 days
  • Twitter Ad Campaigns: $700 for a 7-Day cycle
  • DEX Tools Trending & Shilling Services: ~$600 (Not recommended)
  • Total Marketing Budget: $2,720

Audits

  • Pinksale Audit: $600 to verify the legitimacy of the coin

Grand Total of Costs

  • Overall Investment: Approximately $4,000 and up

Conclusion

  • Invitation to Engage: Encouragement to leave comments/questions for future content
  • Join the Community: Invitation to join the Telegram group for updates and community interaction.