Plain answers about memecoins, crypto and Web3.
One question per page. Sources next to every answer. Written by the FOMOEgg CTO team.
- 48
- questions
- 8
- modules
- 2
- sources each
Memecoin basics
What memecoins are, how they work and the risks before you start.
What is a memecoin?
A memecoin is a token whose identity comes from a joke or viral moment, not a product.
How do memecoins work?
Most are tokens deployed on an existing chain using shared code, then traded in pools.
How to buy a memecoin?
You need a wallet, the chain's gas token, and a swap on an exchange or app.
Are memecoins risky?
Yes.
What is the difference between a memecoin and a cryptocurrency?
Memecoins are one kind of crypto asset.
Why do memecoins exist?
Culture, community and low cost to launch.
How the market moves
Why prices jump, why they fall back, and what the numbers mean.
What is a pump and dump?
Promoters hype a price with misleading claims, then sell into the buyers.
Why do memecoins crash after going up?
Price is driven by attention, and early holders sell into new demand.
What is market cap in crypto?
Price times circulating supply.
What is the difference between market cap and FDV?
FDV uses the full planned supply at today's price.
Why are memecoin prices so volatile?
Thin liquidity, small trade sizes moving price, and sentiment swings.
What happens to a dead memecoin?
It stays on-chain and often stays tradable, but volume and liquidity thin out until it is hard to sell.
Reading a token
Contract, holders, liquidity and supply: what to look at and where.
What is a contract address?
The unique on-chain address of a token.
How do I use a block explorer?
A block explorer is a public search page for the chain.
How do I check the top holders of a token?
Open the Holders tab on the explorer.
What is a liquidity pool?
A pot of two tokens that a DEX uses so people can swap.
What is tokenomics?
The rules for supply, who holds what, and how tokens are released.
How can a beginner read a smart contract?
You do not need to code.
Staying safe
Rug pulls, honeypots, drainers and seed phrases, in plain words.
What is a rug pull?
Creators drain the pool or sell their supply, leaving buyers with a token that cannot be sold at a fair price.
How to spot a rug pull?
Check liquidity lock or burn, mint authority, holder concentration and verified code.
What is a honeypot token?
A token you can buy but not sell, or can sell only with a huge tax.
What is a wallet drainer?
A fake site tricks you into signing an approval that lets a stranger move your tokens later.
How do I revoke token approvals?
Review which contracts can spend your tokens and revoke unknown or unlimited ones.
How do I keep my seed phrase safe?
Never type it into a site, send it, or photograph it.
Wallets, fees and apps
Gas, slippage, DEX vs CEX, and why swaps fail.
What is a crypto wallet?
A wallet holds the keys that control your tokens on a chain.
What are gas fees?
A fee paid to the network to process your transaction.
What is slippage in crypto?
The gap between the price you saw and the price you got.
What is the difference between a DEX and a CEX?
A CEX is a company order book; a DEX swaps from pools using your own wallet.
Why did my crypto swap fail?
Usual causes: slippage too low, price moved, not enough gas, or a contract that blocks sells.
How do I use the fomo app?
fomo is an app for finding tokens and swapping from your own wallet.
Community takeovers
What a CTO is, why it happens and how to check one.
What does CTO mean in crypto?
CTO means community takeover: holders run an abandoned token's socials and marketing after the creator leaves.
Why do communities take over a token?
Creators leave, lose trust or are suspected of rugging, and holders try to keep the token alive.
Do community takeovers work?
Most do not fix the underlying problem, and a new logo does not create demand.
Are community takeovers legal?
People running a takeover can face liability for misleading marketing.
How do I check a CTO token before joining?
Look at who controls the contract, liquidity status, holder spread and whether claims match what you see on-chain.
What is the difference between a CTO and a rug pull?
A rug pull is the creator draining value; a CTO is the community stepping in after.
Burns and supply
What a burn does, what it does not do, and how to verify it.
What does it mean to burn a token?
Sending tokens to an address nobody controls, removing them from supply for good.
Does burning tokens increase the price?
Not by itself.
What is the difference between total and circulating supply?
Circulating is what trades now; total includes locked or unreleased tokens, minus burns.
How can I check that a burn really happened?
Find the burn transaction on the explorer and confirm the receiving address cannot spend.
What is a dead address?
A public address with no known key, so tokens sent there cannot be moved.
What is the difference between burning, locking and vesting?
Burn is permanent.
Robinhood Chain, PONS and FOMOEgg
The chain, the launchpad and the egg, explained without price talk.
What is Robinhood Chain?
An Ethereum layer-2 built on Arbitrum technology, reported live on mainnet in July 2026.
What is a layer 2 in crypto?
A chain that batches transactions and settles on a base chain such as Ethereum, for lower cost.
What is PONS?
A memecoin launchpad on Robinhood Chain where users pick a name, ticker and image and a token deploys.
What is a memecoin launchpad?
An app that deploys a token and its trading pool for you.
How do I trade memecoins on Robinhood Chain safely?
Use the right network, copy contract addresses from official sources, check holders and liquidity, set slippage low.
What is FOMOEgg?
FOMOEgg is a community-run memecoin on Robinhood Chain.
Ask the community
Questions, corrections and topic ideas live in the FOMOEgg Telegram at t.me/fomoeggcto.
Open TelegramEducation only. Nothing here is financial, investment, legal or tax advice, and nothing here is a prediction or a promise about price. Memecoins are extremely high risk and you can lose everything you put in. FOMOEgg is a community-run memecoin and is not affiliated with Robinhood, PONS or fomo.