Memecoin

Memecoin (MEME) is a digital token that is compatible with the ERC-20 token standard. It is the native ecosystem token of Memeland, a web3 venture studio by 9GAG, the globally popular meme platform. Memecoin is described as literally a meme coin, with no utility, no roadmap, no promises, and no expectation of financial return, focusing entirely on the meme culture.

• Total Supply:

• 69 billion MEME tokens.

• Circulating Supply:

• 11,652,571,179 MEME as of the latest update.

• Allocation:

• Binance Launchpool (2%), Community (11%), Airdrops (25%), Ecosystem (30%), Advisors (3%), Investors (12%), Teams (17%).

• Sale Price during ICO/IDO:

• $0.001 per MEME.

• Deflationary Mechanism:

• 1% of MEME tokens are automatically burned during blockchain transactions.

As of today #{today’s date}, the price of Memecoin is ₹1.08 INR or 0.01234 USD, with a 24-hour trading volume of 82249575.38 USD. The market capitalization for Memecoin is 381860303.78USD. The circulating supply is 30859801616.57 Memecoin, with the total supply also being 69000000000 Memecoin.

Pros:

• Backed by a well-known brand (9GAG), potentially increasing its visibility and adoption.

• The unique deflationary mechanism that could enhance its value over time by reducing supply.

• Active and growing community support on various social media platforms.

• Raised significant funds during presales, indicating investor interest.

• Part of a broader ecosystem (Memeland) that could drive future developments.

Cons:

• No utility or intrinsic value, limiting its use cases.

• High risk and volatility are common among meme coins.

• There is no roadmap or clear future development plans.

• Potential for being viewed as a pump-and-dump scheme.

• Reliance on meme culture may limit long-term sustainability.

• Strong backing and community engagement from the global network of 9GAG.

• Potential for significant returns due to its deflationary nature and limited supply.

• High visibility and marketing potential, leveraging 9GAG’s extensive reach.

• Early investment opportunity in a project associated with a successful web3 venture studio.

• The novelty factor of a meme coin could attract speculative interest and short-term gains.

• Strong brand association with 9GAG, a leader in global meme culture.

• Deflationary tokenomics is designed to potentially increase value over time.

• It focuses purely on the meme culture, differentiating it from other cryptocurrencies with specific utilities or roadmaps.

Memecoin does not aim to solve a specific problem; instead, it embraces the meme culture and seeks to engage and unite the community around the humor and virality of memes. It’s a project that highlights the lighter side of the cryptocurrency world, focusing on community engagement and entertainment rather than utility or financial return.

The team behind Memecoin is associated with Memeland and 9GAG, a well-known global platform for sharing memes and viral content. The founders and team have a background in creating and scaling social platforms, leveraging community engagement for growth. However, specific details about the individuals involved are not prominently disclosed.

• ICO Price:

• $0.001 per MEME.

• Listing Date:

• Not explicitly mentioned, but the token sale details refer to events in October 2023.

• Initial Allocated Units:

• 7,590,000,000 MEME for the community and 8,280,000,000 MEME for investors in presales.

• Lack of utility and intrinsic value could limit long-term growth potential.

• High volatility and risk are characteristic of meme coins.

• The absence of a roadmap or clear development plans may deter some investors.

• Potential regulatory risks associated with investing in cryptocurrencies, especially meme coins.

• Reliance on community engagement and meme culture may not sustain long-term interest.

The Memecoin whitepaper outlines the tokenomics, distribution, and the overarching philosophy behind the MEME token. It emphasizes that Memecoin is a digital token with no inherent utility, roadmap, or promises of financial return. The project is presented as an embodiment of meme culture, aiming to engage and unite a community around the concept of memes.

The total supply of MEME tokens is fixed at 69 billion, with a detailed allocation plan for various stakeholders, including the community, ecosystem, advisors, investors, and the team. A notable feature of Memecoin is its deflationary mechanism, where 1% of MEME tokens are automatically burned during transactions, potentially reducing the circulating supply over time and enhancing the token’s value.

Memecoin is part of the broader Memeland ecosystem, a web3 venture studio initiated by the team behind 9GAG. This association leverages the global reach and community engagement of 9GAG to promote Memecoin. The project aims to capitalize on the viral nature of memes, fostering a dedicated community of supporters across social media platforms.

The whitepaper candidly acknowledges that MEME has no functions, utility, or intrinsic value. It is designed purely for entertainment purposes, reflecting the whimsical and often unpredictable nature of meme culture. The project’s transparency about its intentions and the lack of promises regarding financial returns or ecosystem development is highlighted as part of its unique approach.

In conclusion, the Memecoin whitepaper presents a project that is distinctly focused on community engagement and the celebration of meme culture. It positions MEME as a token for those interested in participating in a lighthearted, meme-centric community rather than seeking traditional investment returns or utility from a cryptocurrency.