Solana Meme Coin Sent New JellyJelly App Off to a Sweet Start, Founder Says

The launch of the Solana meme mint, Jellyjelly In January, the registrations for an app led to rise and to transform a community, even after it had fallen 98% compared to his all time, Iqram Magdon-IMmailt, a co-founder of Venmo, said Decrypt.

Now almost two months after the founding, Jellyjelly, who debuted on Pump.funis set to be integrated into the app.

Jellyjelly climbed to a market capitalization of $ 250 million, after it was bound to the AI-driven podcasting app with the same name. But there were no concrete plans about how to eat token and it has since crashed to just $ 6 million.

Magdon-Immail claims that JellyJelly token will soon be implemented in the app and explains that the launch of the meme munt above all was an excellent marketing tool to establish an audience.

“We have 10,000 registrations per day,” said Magdon-Immail Decrypt. “It brought an incredible amount of consciousness. I have to be honest, I never thought of using this whole meme coin world as a form of promotion [but] It is starting to become very clear to me. “

Jellyjelly is essentially ticktok, but for podcasters, so that users can record full episodes on the app that are then cut and posted with AI. Users can register and download the app, but it is far from the completed item.

Investor in the Sam Lessin app believes that meme -coins work as a marketing tool because you immediately attract tons of eyes that turn a fast dollar on the token. By doing this, some of these traders can genuinely become interested in the product behind the speculative trade. At the time of writing, Jellyjelly has 34,275 holders. This figure was probably much higher in January.

“I think there is a real group of about two to three thousand people in our disagreement and telegram communities that really believe in the product,” said Magdon-Immail. “If you open the Jelly feed today, I would say that 50% of our user base are people who hold the currency.”

Other projects such as PythiaA Russian research laboratory, have that too embraced a meme coin As a form of marketing. Likewise, AI projects such as Truth terminal have used related meme coins as a way to Financier the development of the projectLessin, however, says that he is not convinced that it is in the future of Jellyjelly.

“My personal view is: eh,” he said smiling. “That comes from a person’s pocket on a zero sum manner – and I just don’t think that feels great. Now, again, I’m really open to it. ‘

Jellyjelly mainly made his debut of vibes and pleasure, without solid plans about what to do with it. This lack of clear direction in combination with macro -the pressure reduced. But Magdon-Ismail says that the plan of the token is considerable since the spontaneous launch.

‘[The plan has] Developed very quickly and quickly, “he said. “The first thing we build in the app is the possibility to prove and verify the ownership of the coin – how much of the coin you own and how long you have held it. As soon as you do that, you get a small Jelly Muntbadge. “

In addition to this development, a native Jellyjelly wallet – Akin to the Telegram -wallet-Is in the works with which you can pay and receive tips on the platform. Although Magdon Ismail is optimistic, this function will be ‘soon’, he is afraid of setting up a hard date.

Later on the line, the team is planning to use data points with regard to Jellyjelly – the number held, tipped, etc. – to determine which content the platform pushes on users by its algorithm. This is one of the many “experiments” that Jellyjelly intends to use as soon as it is integrated.

“We don’t have to get it right the first time. We are going to play a bit with it, “explained Magdon-Ismail. “In the coming months we will experiment with ways to use the currency to present content in different ways.”

Published by James Rubin