Loser Coin: A Risky Investment Guide

Loser Coin (LOWB) is a community-driven meme coin created by two Chinese men who lost a lot of money trading cryptocurrencies. The coin's creators added their entire life savings to the liquidity pool, and the project is open-source. The coin is based on the BSC (Binance Smart Chain) blockchain, and its native token is a decentralised finance yield generator. Loser Coin can be purchased on PancakeSwap, Gate, and MXC.

Where to buy Loser Coin

If you are looking to buy Loser Coin, there are several exchanges where you can purchase it. Here is a step-by-step guide on where and how to buy it:

Firstly, it is important to note that Loser Coin (LOWB) is not tradable on Coinbase. However, it is listed on several other exchanges, including:

• PancakeSwap (a decentralised exchange)
• Gate.io (a secure and centralised exchange)
• Bkex.com
• Hoo.com

How to Buy Loser Coin

• Create a free account on your chosen exchange: For example, if you choose Gate.io, you will need to create an account and verify your identity before you can start trading.
• Choose your preferred payment method: Using a stablecoin such as USDT or USDC is often easier, as many exchanges offer LOWB/USDT trading pairs, giving you more options for setting your desired price.
• Buy Loser Coin with a debit/credit card: If you are new to cryptocurrency, this is the easiest and quickest way to buy Loser Coin. Go to the exchange website or app, choose Loser Coin and the amount, then add your card details and confirm.
• Buy Loser Coin with a bank transfer: Follow a similar process to the above but choose "Bank transfer" instead. You will need to enter your bank account details as instructed by the exchange.
• Other payment methods: Depending on your country of residence, you may also be able to use Google Pay, Apple Pay, or third-party providers such as MoonPay or Simplex. You may even be able to buy Loser Coin with cash in some countries through P2P purchase.
• Store Loser Coin securely in a hardware wallet: It is recommended to store your Loser Coin in a hardware wallet, such as the Ledger Nano S or Ledger Nano X, as it is the safest way to hold your Loser Coin long-term, keeping it offline and away from hackers.

How to buy Loser Coin

Loser Coin (ticker symbol: LOWB) is a community-driven meme coin that runs on the Binance Smart Chain. It was created by two Chinese men who wanted to embrace the "diaosi" subculture, which refers to "poor, unattractive" men who live with their mothers and play video games all day. The coin aims to unite all the "losers" in the world and preach that "sometimes you have to lose to appreciate the taste of victory".

Loser Coin is not available on popular exchanges such as Coinbase and Binance. However, it can be purchased on decentralised exchanges (DEX) such as PancakeSwap, gate.io, bkex.com, hoo.com, and MXC. Below is a step-by-step guide to buying Loser Coin on PancakeSwap, the only exchange where you can buy it with US Dollars (USD).

Step 1: Download Trust Wallet

Download the Trust Wallet app on your mobile phone via Google Play or the iOS App Store. iPhone users must activate the required browser by typing “trust://browser_enable” into Safari and selecting “Open”.

Step 2: Buy BNB Tokens

Buy BNB tokens directly on the Trust Wallet app by scrolling down to BNB and tapping "Buy BNB".

Step 3: Swap to Smart Chain

Once the BNB tokens are in your wallet, tap on "More", select "Swap to Smart Chain", and tap on "Swap".

Step 4: Visit CoinMarketCap

Head to Loser Coin's page on CoinMarketCap.com and copy the address under "Contracts".

Step 5: Open Trust Wallet and Select PancakeSwap

Open Trust Wallet and tap on the four-dot icon on the bottom taskbar. Select "dApps" or "Browser" and then scroll down and select PancakeSwap. Tap on the circular icon next to the URL and ensure that Smart Chain is selected.

Step 6: Connect Your Wallet

In the top-right corner of PancakeSwap, tap "Connect" and select "TrustWallet".

Step 7: Select Currency and Paste Contract Address

Under "Select a currency", paste the string of characters you copied from CoinMarketCap.com and tap on "LOWB".

Step 8: Swap BNB for LOWB

Enter the amount of BNB you'd like to swap for LOWB. Tap "Max" if you'd like to swap all your BNB for LOWB. Then, tap "Swap".

Step 9: Approve the Transaction

Click on "Approve", and once the transaction is complete, you've successfully purchased Loser Coin!

Step 10: View Your Loser Coin Balance

To see your Loser Coin balance in Trust Wallet, tap on the top-right icon of Trust Wallet's main page and type "LOWB" into the search bar. Then, click on "Add custom token", input "Smart Chain" for Network, and paste the copied string of characters for Contract Address. Input "Loser Coin" for Name, "LOWB" for Symbol, and "18" for Decimals. Finally, tap on "Save". Once the transaction is fully processed, your Loser Coin balance will appear in Trust Wallet.

Please note that meme tokens like Loser Coin are highly speculative and could experience wild swings in price activity. Always conduct proper research and assess your risk tolerance before investing in any cryptocurrency.

The risks of investing in Loser Coin

Loser Coin (ticker symbol: LOWB) is a self-proclaimed cryptocurrency for "losers". It was created by two Chinese founders who lost a lot of money trading cryptocurrencies and decided to start their own project. While the story behind the coin may be appealing to some, there are several risks associated with investing in Loser Coin.

Firstly, the coin's name and branding may drive away potential buyers. The term "loser" is generally not appealing and could be a turn-off for many investors. This could limit the widespread adoption of the coin and impact its growth potential.

Secondly, Loser Coin does not have any unique features that set it apart from other cryptocurrencies. Its ecosystem, including LoserSwap and the NFT marketplace, has been done better by other projects. The website also has multiple broken links, indicating a lack of professionalism and dedication to the project.

Another risk to consider is the volatility of the coin's value. Loser Coin has consistently lost value since its launch, with a sharp decline of over 95% in the first 10 days after its high on May 11, 2021. This volatility makes it a risky investment, as there is a high chance of losing money.

Additionally, the founders of Loser Coin have reportedly put their entire life savings into the liquidity pool, but there is no way to verify this information. The founders' identities are also unknown, which could raise concerns about transparency and trust.

Furthermore, the passive income opportunities offered by Loser Coin may not be as lucrative as they seem. While you can stake the coin and earn interest, the interest rate is variable and dependent on the price of Loser Coin. This means that if the price of the coin continues to decline, your earnings could also decrease.

In conclusion, while Loser Coin may have gained a following due to its relatable founders and self-deprecating humour, it is important to consider the risks associated with investing in this cryptocurrency. It has a name that may deter potential buyers, lacks unique features, and has shown a consistent decline in value. Therefore, investors should carefully evaluate these risks before deciding to invest in Loser Coin.

The history of Loser Coin

Loser Coin was publicly launched on April 21, 2021, with no Initial Coin Offering. The maximum supply of LOWB coins is 100 billion, and as of June 27, 2024, about 70 billion have entered the market. The coin is based on the BSC (Binance Smart Chain) blockchain, which offers lower transaction fees for decentralized trading. The platform is also based on other chains such as OEC, Polygon, and ETH.

The primary goal of the project was to "make loser great again" by uniting all the losers in the world and preaching that sometimes losing is necessary to appreciate victory. The self-deprecating sense of humor is a unique part of the project, and it aims to bring meme coin investors and institutional investors together.

Loser Coin's unique selling point

Loser Coin ($LOWB) is a community-driven meme coin with a unique and humorous origin story. The project was initiated by two Chinese men who, after losing a lot of money trading cryptocurrencies, decided to start this project as an open journey, prepared to lose everything. They added their entire life savings to the liquidity pool, and the project team will not pump the price of $LOWB due to a lack of capital. The coin's self-deprecating sense of humour is its most unique feature, and it aims to bring meme coin investors and institutional investors together.

The primary goal of the project is to "Make loser great again" by uniting all the losers in the world and preaching that "sometimes you have to lose to appreciate the taste of victory". This message seems to have struck a chord in the saturated meme coin market, with Loser Coin being featured on popular crypto media like CoinDesk, Decrypt, and Yahoo Finance News.

Loser Coin is based on the BSC (Binance Smart Chain) blockchain, as the transaction fees are lower. The Binance Smart Chain is a high-performance network for decentralized trading, creating Dapps, etc. Loser Coin is also based on other chains such as OEC, Polygon, and ETH. OEC is a collection of open-source blockchain projects that promote large-scale commercial apps based on blockchain technology.

The maximum supply of LOWB coins is 100 billion, and it is currently traded on several exchanges, including PancakeSwap, gate.io, bkex.com, and hoo.com.

Frequently asked questions