Friendly Reminder: Remember, this is a memecoin project. There is a real chance you could lose some or all of your money. I am trying something new and learning along the way, and so are you. Only put in what you are willing to risk. This coin is for holders who are curious, willing to experiment, and enjoy the ride. It is not a guaranteed moon. It might flop, it might fly.

Either way, enjoy the journey, learn, and be smart about your decisions.

White papers are rare nowadays. Every day, new coins launch and disappear. I am writing this simply because I feel the need to. This coin might be short-lived, but I want to see how far it can fly. Still, that is not a reason to treat it carelessly.

At first, I thought about waiting. I did not want to launch too early. I wanted my X account to grow first and for more people to know who I am. After thinking it through, I asked myself why wait. Sometimes it is better to execute, see what happens, and let the world see I fail or succeed unexpectedly. If nothing else, this journey is for anyone trying, experimenting, and learning along the way. I have seen developers with large followings and years in Web3 still fail, so waiting did not feel like a guarantee.

One question stayed with me.
What if it works?

I do not know how Doge, Pepe, Moodeng, or Penguin managed to succeed. I wish there were a clear formula that could be followed. There is not. So this is my attempt. If I win, I want the world to know. If I fail, I want the world to know. This is my white paper.

Before I got into Web3, I was already a trader. I traded stocks and forex since I was in law school, and my dream has always been to manage my own hedge fund one day. I romanticized my life as a successful fund manager making money for rich people. Too much watching Wall Street, The Big Short, and Margin Call, I guess. At that time, I made more money than my friends and thought I had made it.

Trading mattered to me because I didn’t like dealing with people. I believed people would eventually disappoint you. I had a hot temper and many things triggered me, so I preferred being alone in my own bubble. People knew me, but never closely. Sometimes it was arrogance. I made more money than them, so I felt superior. I thought I argued better and worked better than others, so I assumed they were stupid. As I grew older, I learned that mindset was wrong. I began learning how to communicate better and connect with people. I also became aware that many people are far better than me.

When you are young and start making money, you think a proper career path is no longer relevant. So I chose not to become a lawyer, even though I received an offer from a law firm. My father was frustrated that I rejected the offer.

I remember a lecturer once asked, “Where lies the honor of lawyering?” Nobody answered because many of us were told that lawyers would go to hell for defending wrongdoers. The lecturer said the honor of a lawyer is solving other people’s problems. At that moment, I thought that since I already had my own problems, I might as well spend my time solving them instead of solving other people’s. I overlooked the fact that we get paid for solving other people’s problems and can use the money to solve our own. But since I was already making more than enough, I didn’t pursue that career path.

Back then, people could mine Bitcoin with ordinary computers using mining pools, but I did not pay much attention. I got into crypto trading during the pandemic, starting with XRP, until the crypto winter hit. As a trader, I already had some understanding of finance and the economy because I was striving to make money, and to me, understanding fundamentals was crucial. Because of that understanding, an old friend invited me to join her startup to create an app that allowed people to own tokenized gold and transact with it.

My job was to create the ecosystem for the token. We tokenized the gold, sold it to users, and created an internal marketplace for transactions. After a few months, the startup did not gain much traction, so I quit.

I continued trading as usual, and this time I lived alone in my own apartment. I got a compact car and became a driver for Grab, which is similar to Uber. I enjoy driving, so I didn’t mind doing this job because I needed the flexibility to stop anytime I wanted. Some days I worked from 7 a.m. to 12 a.m., and other days I completed only two orders. Every few months, I would drive to Krabi or Phuket to enjoy myself.

Once in a while, I thought about the startup I left. I’m not a programmer and didn’t know how things worked, but one day I saw a post on Instagram about RWA tokenization and thought maybe I could do something myself. That was the beginning of my Web3 journey. I wanted to learn about issuing my own token and then stumbled upon memecoins. They looked like other financial instruments I had traded before, so I did not pay much attention to NFTs at that time. I withdrew all my capital from my trading account, got some Solana, and started trading coins. I loved it. I made money sometimes, but I also got rugged a few times.

I joined X using the handle Exit Liquidity. That was when I started learning about crypto culture. Based on my background, I thought memecoins were the coolest tech because they made fundraising easy and could disrupt the asset management industry. I was wrong. It was the wild west, and very few could self regulate.

I made a few friends online, and some invited me to a few NFT launches. When I joined a Discord server, an impersonator posted a link claiming that the NFT community was collaborating with another community. I clicked the link.

Nothing happened in the first few hours, so I thought the click was harmless. But later in the evening, I checked my crypto wallet after dropping off a passenger. It was drained. I was devastated. Those funds were my trading capital, the source of profit that paid for my living expenses. I turned off the app to stop taking new passengers and drove home. I cried and screamed in the car. That was one of the lowest moments of my life.

Real life pulled me away for a while, and I deleted my X account, thinking I was done with crypto.

But I did not stay away for long. After a few months, I returned, reconnected with my old Web3 friends, and launched my coin, $EXIT. The launch fizzled, but instead of leaving like many devs did, I kept moving. Every day I showed up. I joined community Spaces, recorded my own sessions, connected with people, and shared my thoughts. Sometimes I recorded alone. Other times people dropped by and asked questions, which helped me refine the coin. I learned an important lesson: be real and speak openly in communities to attract real people.

I’m done with being rugged. I thought it was better for me to develop my own coin and use the creator fee I receive for my living expenses, reinvest into growing the community, invest in other people’s projects, and fund buybacks.

Have I recovered from my losses? No.
Do I lose hope? Declining daily.

Before, I drove to pass time. Now I drive to survive. I’ll be hitting 40 soon. I can’t drive long hours anymore as my body starts to ache.

I used to think success meant having millions. Now I think success is simply having enough to enjoy life. It has been more than two years since I traveled outside my country and enjoyed life like before.

I’m still cautious with strangers and often assume the worst, but I also believe good people exist. I keep going because I’m developing my coin and I don’t want to abandon it. I keep showing up, connecting with people, and growing the community.

If you are still young and have a career path, walk that path and change your trading strategy instead.

Be better than me.

Footnotes:
1. I’m open for collaboration. I appreciate those who offered to host Space together, and sometimes I think about whether it’s possible to start a new startup at this age.
2. If you are a degen, I propose you ape my $EXIT. Join my community and let’s grow this.

Memecoins are a PVP game. Everyone is trying to cannibalize each other. A coin can only moon if early holders shill hard and get more money flowing in than is pulled out by sellers. To make this work, here is what I think might help. There are two parts: what I am going to do and what I am hoping the holders will do.

This is what I am going to do:

1. I will show up every day as a developer and promote this coin. I will hold it until it reaches a $100 million market cap, if it ever gets there. I already have a Zealy community, and I will create quests for members to raid my posts and help spread this coin.

2. I see this project as my “Web3 resume”. You will see how I work in public, in real time. Who knows what doors this might open. I may use a portion of the income from launching this coin, including developer earnings, referral fees, endorsements, or collaborations, to support the coin so existing holders have opportunities to take profit.

3. If my developer earnings exceed $10,000, I may deploy a portion of it to stake, invest in projects that look promising, or put it into capital markets. I will use part of the profits to support liquidity and momentum. If the normies don’t want to come in, I will get their money to pump this coin.

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This is what I am hoping the holders will do:

1. After you buy, please hold and shill. We need as many people as possible to get into this coin so it can moon.

2. Sell at a profit and be ready to buy the dip. For example, if you put in 2 SOL and make 3X, you will have 6 SOL. Wait for the dip and buy the same quantity of coin again, maybe costing 3 SOL. You get your capital back and keep a profit of 1 SOL. Hold and shill. Do not hit and run.

To jeeters, you are the source of profit. Every time you sell at a loss, the price dips, and earlier sellers will be ready to eat the dip. Buy, hold, and shill. Do not sell at a loss.

To scammers and impersonators, do not do it. Whatever you do will come back and bite you when you least expect it. Be good.

To alleged marketers who get paid to post in botted groups, I will not pay you to do that. If you really believe this is going to work, buy some and shill to your group. I know some of you may be too dumb to comprehend this and will still contact me to get a sale.

To CEX, I hope this coin grows big enough that you list it voluntarily. That will save me a lot of funds.

To other developers, especially programmers, let’s talk. Maybe we can build something.

To those who dislike what I am doing, say whatever you want. What I am doing shows myself. What you are doing shows yourself.