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- “Recipe for success” from Markus
- What is not “good” for Markus?
Dogecoin founder Billy Markus revealed his vision for the success of EZ Flowchart. In his tweet, the founder of the most popular meme coin detailed a successful flowchart using Dogecoin as an example.
EZ flow chart:
Community that is cool and committed regardless of the price -> The Doge brand remains relevant and powerful -> Companies continue to get involved -> Viral power continues -> Benefit increases through acceptance -> Contributors continue to contribute -> Future
Lame community -> future
– Shibetoshi Nakamoto (@ BillyM2k) July 23, 2021
“Recipe for success” from Markus
1. “A cool, committed community”
First and foremost, Markus mentioned the Dogecoin community. According to him, the Dogecoin community is cool involved, and this happens regardless of the price situation for the meme cryptocurrency.
2. Branding
Billy Markus called Dogecoin a relevant and strong brand. He also noted that this has remained the case to this day. This in turn integrates other companies into a common process.
3. “Viral Force”
In addition, the founder of Dogecoin also mentioned the “viral power” of the meme. Remember that this cryptocurrency is actively supported by the founder of Tesla, Elon Musk, as well as other active members of the crypto community. Dogecoin is also regularly mentioned on social networks by celebrities. This is, in a sense, a source of self-promotion.
4. Usefulness
Markus also addressed the usefulness of the process in his tweet. He found that in the case of Dogecoin, the utility principle works. So based on acceptance, the utility of the cryptocurrency increases.
5. The role of the community
Increasing the utility contributes to an active community and an appropriate response. According to Markus, this factor leads to an increase in the contribution of the Dogecoin community. All of this has a positive impact on the future of the meme cryptocurrency.
What is not “good” for Markus?
The founder of Dogecoin ended his tweet with a criticism of the late community. In his opinion, it cannot have a bright future.
Remember that Dogecoin is cheap compared to Bitcoin. This is influenced by the lack of emission restrictions as well as a relatively quick initial breakdown time. Dogecoin was designed to create a coin that is in demand among ordinary users because of its cheapness.
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