# Memecoin Fund

Lore can be used to launch a token pre-sale or to double down on a Memecoin allocation. As the market is heating up with memecoins, don’t rely on sending funds to your friends and blindly trust them. Instead,

* You could operate your Lore group like a GP - LP relationship.
* The GP can invest for your internet friends, take a management fee, and distribute profits to members automatically.
* Why would you do this? So that you can quit your job and manage a fund full-time. Invest in any opportunities in the market with larger bags.
* We have a few groups getting started and we’ll share more as we grow together.