Buying "coined content" feels more like Chinese livestream tipping than a simple $1 tip. It's more adrenaline rush than pure patronage. 

- large holders get attention
- rising price entertains all parties
- holding unlocks additional features
- trade volume drives content distribution

Imo that only works if you sensationalize that tipping which in a livestream is big popups and animations. Other than mega pumps and dumps memecoin charts are not super interesting to look at. Combining the two though…

Virtual gifting (Kuaishou, Douyin) 

Buying expensive virtual gifts (flowers, sports car, cat) earns the gifter more attention and perks on the stream ... and makes the stream more entertaining for everyone.

Buying more meme/content coins works similarly. Except you can make money.

What’s the experience of Chinese livestream tipping?