MEME Memecoin MEMELandMEME
Memcoins have seen a significant increase in popularity in recent years. These digital assets, often inspired by internet memes or pop culture references, have caught the attention of crypto-enthusiasts and casual investors alike. The memcoin sector has become one of the most lucrative cryptocurrency trends!
MEME is a project that has caught the attention of the cryptocurrency community. It is designed with a fixed total supply of 69 billion tokens spread across seven major categories. The project has generated significant interest, as evidenced by its successful pre-sale and investment from Binance Labs, which emphasizes the credibility of the MEME token and the broader Memeland project. The Memeland project aims to develop a vibrant social economy by leveraging the power of a well-known brand like 9GAG. Since June 2022, the project has launched three NFT collections including You The Real MVP, The Captainz and The Potatoz, and plans to launch additional elements such as MAO SWAP (DeFi 2.0), MAO GAME and NFT Marketplace on Ethereum. MEMECOIN's distribution strategy is designed to support the longevity of the project and inject sufficient initial liquidity to maintain engagement and momentum in the initial stages. The project has a strong community engagement strategy, which is critical to the success of any memecoin project.
Tokenomics
A total of 69 billion MEME tokens are in circulation. 95.8% of the total number of tokens is allocated to a liquidity pool and 4.20% is reserved in the team's multisig wallet. One of the unique features of Memecoin is that it was created intended for fun and with no promise of financial return.
The MEME token was distributed as follows:
Ecosystem: 30%
Airdrop: 25%
Contributors: 17%
Investors: 12%
Community: 11%
Consultants: 3,00%
Binance Launchpool: 2.00%
Team
The team behind Memecoin (MEME) includes several key members. Ray Chan, Brian Yu and Marco Fung are part of the founding team, which also includes Chric Chan and Derek Chan. They are known for their work in building and running 9GAG, a popular global cross-platform entertainment media network with a mission to make the world a happier place. 9GAG has a significant global audience of 150 million followers across multiple social platforms including Facebook, Instagram and X.
Audit
The project's smart contract audit reports are available on the Cyberscope platform. During the audit, a thorough investigation was carried out to ensure that the flow of funds in the system complies with the specifications and constraints set out in the protocol specifications and that the ERC-20 standard is strictly adhered to. The auditors verified that all transitions between system states occurred within reasonable criteria and that all elementary formulas in the system performed as expected. They also identified an important problem in the token implementation in the Matic system that could have significant implications for the overall integration of Matic. This problem was promptly escalated to the Memecoin team for remediation.
Ecosystem
Memecoin Ecosystem (MEME), developed by Memeland, is an innovative platform that aims to connect creators and communities through the use of non-functioning tokens (NFTs), tokens and various products. The ecosystem includes several NFT collections such as You The Real MVP, The Captainz and Potatoz, which were launched to cater to a wide range of community interests and preferences.
1. You The Real MVP: This collection features unique, limited edition NFTs dedicated to the “most valuable players” in the community. These NFTs serve to recognize and reward community members who have made significant contributions or demonstrated exceptional support for the project.
2- The Captainz: This collection is based on a pirate theme and includes a variety of characters, each with their own unique attributes and backstories. The Captainz NTFs are designed for adventurers and explorers and can be used in a variety of ways in the Memecoin ecosystem, such as participating in exclusive events or gaining access to special features.
3. Potatoz: This collection is inspired by a popular internet meme and features a series of cute and quirky potato characters. Potatoz NFTs are designed for a general audience and can be used to participate in community events or to gain access to exclusive content and features in the Memecoin ecosystem.
Overall, the Memecoin Ecosystem (MEME) is designed to foster a strong and vibrant community of creators and fans, as well as provide a platform for collaboration, innovation and growth. By leveraging the power of NFTs, tokens, and various products, Memecoin aims to create a unique and engaging experience for its users and drive adoption and growth in the cryptocurrency and blockchain space.
Blockchain Analysis
When analyzing the blockchain we should remember that all coins are already unlocked and are “in the hands” of funds. If we pay attention to the transactions in the blockchain, we can see that over the last month, $23.6 million worth of tokens were sent to Memeland's staking! And in total, 77.8% of all coins worth $1.54 billion are in the steaking.
Next, it's worth noting, that who is even buying back coins at market value nowadays?
Binance has been actively buying back large volumes over the past few months, subsequently providing this liquidity to Wintermute to run the exchanges price management software. Currently, it is incredibly easy to manipulate prices as most coins are staked and funds are provided to market maker Wintermute.
Conclusion
Interest and discussion around the potential of various meme coins, including MEME, in the current market is high. There is also a sense of optimism around the future of meme coins, with some expecting them to surpass traditional cryptocurrencies and large capitalization coins. This is a project that has the potential to become a platform for meme enthusiasts, a place where creativity flourishes and humor knows no bounds. Thanks to its innovative approach to creating and sharing memes, as well as its growing popularity through user engagement and community building, Memecoin has every chance of further development.
The project has announced plans to mass issue 17.25 billion AMEX:MEME tokens, representing 25% of the total supply and valued at $17,250,000. This strategic initiative aims to reward holders of Memeland NFTs covering the MVP, Captainz, and Potatoz NFT collections. This is one of the most significant token giveaways in recent times and is part of Memecoin's strategy to engage more deeply with the community, hence this number of holders. Many drop hunters were flagged as Sybil accounts, bots or multi-ackers. After the airdrop, Binance started buying up the project's coins.
Holders of airdrop continue to hold coins, as it was not profitable to withdraw coins due to the price of swap and further withdrawal fees. Hence the large percentage of tokens in the stackbook, which guarantees getting points and tokens.
In general, there is a large audience in the community that can support the project and help it succeed. The team has knowledgeable and skillful professionals who are able to redirect the project in the right direction to succeed. At this stage, the project keeps on completing tasks to get points and tokens, which helps to develop the project and improve its performance.
The chart looks promising for investment with further exit from accumulation and renewal of historical highs.
Best regards EXCAVO
