Independent developer “Dreesus” legitimizes memecoin


You may not know Dreesus, but if you have been following cryptocurrencies in the past few months, you may be familiar with his work.

After launching his Simple Cool Automatic Money ($SCAM) token, the anonymous developer received coverage from a seemingly endless list of mainstream and encrypted media publications, including Vice, Wall Street Journal, Benzinga, Mic, The Verge, The Week, CNBC, etc.

SCAM was launched at the peak of the memecoin bubble in early May. Part of it was an experiment—Dreesus had never launched a token before—and part was to make fun of other excessively hyped rubbish coins. However, in the frenzy, it took off somehow successfully, and now its creator’s task is to lead a Frankenstein crypto project, which he started basically by accident.

“There are a lot of things bigger than me now…people put money into it, so now I have to make it useful,” Deresus told Cointelegraph in an interview in Miami.

Dreesus outside the entrance of Bitcoin 2021

“Once I put the token and the liquidity pool together, once there is a chart, it becomes consciousness outside of me. I need to do my best to make it better.”

Memes become real

Part of what drives Dreesus is the desire to prove that his doubters are wrong. He specifically targeted CNBC reporter Douglas Boneparthe, who he described as “some CNBC bastards.”

The lack of background research made him angry: just a few quick searches on Google, it was easy to find his real name, and from there dozens of IMDB credits-he was a successful production manager, once had two The show returns-back to prime time. Despite this, the media insisted on describing him as “Tik-Tokker”-he thought this naive label was designed to make the success of his coin look strange.

“You downplay some things you don’t understand. These [journalists] Still talking about 5 FAANG companies with 95% market share, and then they talk about encryption like a Ponzi scheme,” he said.

In his view, the best way to retaliate is to add real value to the world-something that the interviewer of the careerist does not understand, he said.

“I like to make them sick now. It makes me work harder. I will do something useful to the world, and they will talk about my coins. They went to school for ten or twenty years and did all these financial and Legal work has come all the way from Coffee Boy-they have to talk about my project,” he said with a smile.

Currently, the plan to legitimize the project is currently in the form of an educational platform on which Dreesus exercises the basics of using popular DeFi applications and chains. In his view, for ordinary investors, there is a serious information asymmetry-everything they can access has been taken away.

“What I’m trying to teach people is to be early. You can arrive early. We have no boundaries, just like stocks-in stocks you need $5-10 million to enter Coinbase at a price of $02. They say “protect retail investment “…You will protect investors by letting them protect investors. Wait until the stock reaches $400, and then let them dump everyone?”

Winners and losers

His view is a bit biased, because he created a meme token that attracted $70 million in liquidity during the peak period-he knows better than most people how irrational the market is. His point in education is not to make people think that they can all win-in fact, he thinks that most people will lose.

“It’s part of the game, it’s life-even if you put all your money in a savings account, you won’t win. This is about giving people a chance to truly win. There may be people who have less money than me but are more hungry. If you provide them with tools, they will succeed. Some people will fail all day, whether you help them or not, but my goal is to help those who can help themselves. “

Member of “SCAMily”

Dreesus will be very suitable for this position. He is talkative effortlessly, but there is no sign of pretentiousness—in another life, he might become a missionary. In addition, someone recently pointed out to him that he is one of the few black developers in the field, he said-so he feels obligated to continue to hone.

“I know that I have devoted my entire life to the field of encryption…not just my project, but what encryption can do for the world. I have a little time to fall, and I have enough time to succeed.”