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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.
📄
Full transcript