Memecoin (MEME)
Memecoin (MEME) is an ERC-20 cryptocurrency that was launched in August 2020 by Memeland, a web3 venture studio and crypto ecosystem developed by 9GAG, a well-known meme-sharing platform. This token is a community-driven initiative aimed at creating a decentralized platform for generating and sharing memes. Users can create and trade memes using non-fungible tokens (NFTs) within the platform. The MEME token is integral to the Memeland ecosystem, enabling participation in various activities and features. It is designed specifically for interactions within a meme-centric community, primarily among owners of Memeland NFT collections.
| Ticker | MEME |
| Category | NFT |
| Website | https://www.memecoin.org/ |
| @memecoin | |
| Contract Addresses | |
|---|---|
| ethereum | 0xb1...74 Copied! |
Recent developments
On October 23, 2023, the token sale of Memeland (MEME) successfully garnered commitments worth $10 million within just 42 minutes of going live. Prior to the sale, community members were given opportunities to complete activities to secure a spot on a waitlist granting access to the sale. In November 2023, OKX listed the MEME token on its perpetual market, allowing users to engage in margin trading and savings for MEME with up to 50x leverage. Additionally, on January 4, 2023, Binance Labs announced its investment in Memecoin, following its feature as Binance Launchpool’s 39th project in October 2023. Bitfinex, another major crypto trading platform, also listed MEME on January 9, 2023, with Henry Child, Head of Tokens at Bitfinex, highlighting the strategic move to integrate tokens that merge technological advancements with the vibrant culture of the internet.
Tokenomics of Memecoin
The total supply of MEME is capped at 69 billion tokens, distributed across seven main pools with distinct unlocking schedules. The allocation is as follows: 30% is dedicated to the Ecosystem for community benefits, 25% was designated for an airdrop that took place on November 3, 2023, 17% is assigned to Contributors, 12% to External Investors, 11% to Community Presale, 3% to the Advisory, and 2% to Binance Launchpool.