tradefriend is a memecoin.That is the whole pitch.
There is no revenue behind it and no claim on anyone's earnings. The price is whatever the next person will pay.
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What is actually on-chain.
Every line below is readable straight off Solana. You do not have to believe any of it, you can go and check it.
- Network
- Solana
- Token program
- Token-2022
- Total supply
- 1,000,000,000
Fixed, with 6 decimals.
- Mint authority
- Revoked
No new supply can ever be minted.
- Freeze authority
- Revoked
Nobody can freeze the tokens in your wallet.
- Metadata
- Immutable
The name, symbol and image can no longer be changed.
Revoked authorities close two specific ways a token can be rugged. They do not make this safe, and they say nothing about what the price does. Read the risks.
This is a memecoin.
Which means specific things, and they are easier to read now than after you have bought.
The price is whatever the next person will pay.
For you to come out ahead, somebody has to buy after you at a higher price. There is no revenue underneath it doing any of the work. That is the entire mechanism, and it runs both directions.
It is not a claim on anyone's earnings.
Holding it entitles you to nothing. No share of anything, no dividend, no obligation owed to you by anyone. It is not a security and it is not an investment contract.
There is no floor and no rescue.
Nobody is required to buy it back from you, liquidity can leave faster than you can, and nothing prevents the price going to zero and staying there.
You can lose everything you put in.
Most memecoins end up near zero. Spend only what you would be fine never seeing again, and do not put in money you need for rent, food, fees or anything else that matters.
If you decide to buy.
Get a Solana wallet
Phantom and Solflare are the usual ones. Write the recovery phrase down on paper and never type it into a website, whatever the website says it is for.
Put some SOL in it
From an exchange, or an on-ramp inside the wallet. You need a little extra beyond what you are spending to cover network fees.
Swap, after checking the address
Paste the contract address from the top of this page and compare it character by character before you confirm. Tokens copying this name and image are common, and a swap cannot be undone.