Yeliz Akmaca 
Meme Coin (MEME) is a joke coin created on the Ethereum blockchain using the ERC-20 token standard. This project is launched by Memeland, a Web3 initiative developed by the team behind 9GAG, one of the largest humor platforms on the internet. Unlike traditional cryptocurrencies, the MEME token does not offer any technical vision, roadmap, or utility. The Memeland team clearly states that this token was created purely for entertainment purposes.
What is Memeland?
Memeland is a Web3-focused venture studio founded by the 9GAG team. It is a platform aimed at developing and investing in social products. It targets building products with and for the community. Memeland aims to bring content creators and communities together through creativity, MEME tokens, and NFTs.
Some of Memeland’s projects include Stakeland (a social staking protocol), MemePay (a crypto credit card that rewards spending), MemeStrategy (Web3 and capital markets integration), Bull or Bear (an addictive mini-game), and Holders (a TripAdvisor-like platform for the Web3 journey).
Memeland’s NFT collections include “You the Real MVP,” “The Potatoz,” and “The Captainz.” These collections act as entry tickets to the Memeland ecosystem. Especially, “The Captainz” collection is the main NFT collection with 9,999 profile pictures (PFPs) offering exclusive benefits to holders.
Memecoin Project
Meme Coin is developed by Memeland, the Web3 venture of the 9GAG founders. The project aims to grow based directly on community interest and internet culture without making grand promises, similar to 9GAG’s early days. The Memeland team explicitly describes Meme Coin as a token without roadmap, utility, or value, standing out by emphasizing transparency and humor.
Key Features of Memecoin
Meme Coin is technically an ERC-20 token operating on the Ethereum network. It has no governance function, staking, or platform usage. It is entirely a cryptocurrency based on entertainment and community interaction. MEME token aims to attract users’ attention based on transparency and honesty by “promising nothing.”
Brief Info About Memecoin ($MEME)
Memecoin ($MEME) is a digital token inspired by internet culture and jokes, compatible with the ERC-20 standard. According to its own statements, Memecoin has no function, benefit, or intrinsic value. It does not offer financial returns, profits, interest, or dividends. Its primary purpose is entertainment and is defined as completely “useless.” This distinguishes it clearly from a typical utility token.
About the Team
Memecoin was launched by Memeland Group, a Web3 venture founded by the creators of the popular NFT collection 9GAG. 9GAG is known globally as a major humor and meme platform, explaining Memecoin’s strong connection to internet culture. Specific team member names are usually not highlighted in meme coin projects, but being backed by a well-established internet brand like 9GAG provides the project with certain recognition and community reach.
Ray Chan: CEO and co-founder of Memeland and 9GAG. He leads the Memecoin project and the broader Memeland ecosystem. Ray Chan is known for turning 9GAG into a platform with over 200 million global viewers. He has expanded his Web3 experience by founding Memeland. He graduated from notable accelerator programs like Y Combinator and 500 Startups.
Investors and Notable Partners
Instead of a direct list of investors, Memecoin is supported by the Memeland ecosystem and 9GAG’s large follower base. Memeland actively participates in Web3 with NFTs (You The Real MVP, Potatoz, Captainz), games, and community-focused projects. This broad ecosystem and 9GAG’s global reach play a key role in increasing Memecoin’s popularity. Community and brand support are prioritized over corporate investor announcements.
Tokenomics
Meme Coin’s total supply is 69 billion tokens. During the presale on October 26, 2023, MEME tokens worth over $10 million were sold within an hour. The presale price was set at $0.001.
- Total Supply: 69,000,000,000
- Max Supply: 69,000,000,000
- Ecosystem: 30% – Reserved for community returns and ecosystem building
- Airdrop: 25% – Allocated for multiple airdrops to thank the community
- Contributors: 17% – Reserved for project builders and partners who sold their Lambos
- Private Sale: 12% – Distributed via private sale to external investors and super crew
- Community Presale: 11% – MEME’s 11% distributed via a “fire sale” to the wider Memeland community
- Advisory: 3% – Reserved for advisory services
- Binance Launchpool: 2% – Reserved for initial exchange liquidity
How Does the Project Work?
Memecoin ($MEME) is an Ethereum-based token using the ERC-20 standard. Its working principles are:
- Blockchain Technology: Runs on the Ethereum blockchain, ensuring all transactions are recorded transparently, securely, and immutably.
- Decentralization: Utilizes Ethereum’s decentralized network, with no central authority controlling it; transactions are validated by network nodes.
- Supply and Circulation: Has a fixed total supply. Circulating and maximum supply data can be tracked on platforms like CoinMarketCap.
- Trading: Tokens can be bought and sold via decentralized exchanges (DEXs) and some centralized exchanges (CEXs). Users can store and transfer tokens via Ethereum-compatible wallets.
- Memeland Ecosystem: Enhances user experience with NFTs, social crypto cards, and Web3-based games on the Memeland platform.
- Community Building: Leverages the power of internet meme culture to create a large, active, and engaged user community.
Roadmap
Meme Coin has no official roadmap. The project’s motto is “No utility, no roadmap, just memes.” However, Memeland is believed to have plans for future NFT projects, community-driven events, and Web3 social platform integrations. Thus, MEME token may take on a role within the Memeland ecosystem in the future.
Use Cases
Memecoin has no direct utility but can be used in various ways due to its community-centric nature. It can serve as a reward in NFT projects, social media campaigns, and humor contests. If Memeland develops Web3 applications, MEME token could gain function within that ecosystem.
- NFT Purchase and Trading: MEME can be used to buy or trade NFTs within Memeland (The Captainz, The Potatoz, etc.).
- Web3 Products: Can act as payment or reward tokens in social crypto cards, mini-games, and other Web3 products developed by Memeland.
- Social Staking: Token holders might earn rewards or privileges by staking MEME tokens within the community.
- Entertainment and Social Media: Used as a tool for creating, sharing, and supporting humorous content, enhancing social media engagement.
- Ecosystem Support: Can fund new projects, events, and collaborations or reward community contributions within Memeland.
Ecosystem
Memecoin is part of the Memeland ecosystem, managed by the 9GAG team, including various NFT collections and community projects. $MEME token is positioned within this broader Memeland universe, supported by its community and activities but does not claim specific utility within the ecosystem itself.
Features
Memecoin’s unique features arise from being a meme token rather than a typical utility token:
- Emphasis on Uselessness: Explicitly stated as “useless,” meaning it is not designed as a payment method for any service or product.
- Entertainment Focused: Created solely for fun.
- No Guarantees: Does not offer financial returns, dividends, voting rights, or equity.
- ERC-20 Compatible: Operates on Ethereum, offering wide wallet and exchange compatibility.
- Community-Driven: Value is driven mainly by social media hype, community support, and internet trends.
- No Roadmap: No commitments for future development.
Where and How to Buy Memecoin?
Memecoin is listed on many reliable cryptocurrency exchanges. Additionally, MEME is traded on international exchanges such as Binance, MEXC, OKX and Gate.io. Users preferring decentralized trading can use platforms like Uniswap.
Social Media and Community Channels
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