What is Memecoin? Memecoin is an ERC20 standard token developed by Memeland with the true style of an entertaining Meme coin. So what’s special about this project? Let’s find out with Weakhand in this article.
Before jumping into the article, everyone can refer to some of the following articles to better understand.
- Memeland releases a new image for The Captainz and reveals the MEME token
- What is The Captainz? The Captainz NFT collection overview
- What is The Potatoz? Overview of The Potatoz NFT collection
What is Memecoin?
Overview of Memecoin
Memecoin is an ERC20 standard token developed by Memeland – an NFT ecosystem that promotes Meme culture by combining it with the power of NFTs. Memeland is developed by 9GAG – a Hong Kong-based meme-centric entertainment platform launched in 2008. Since then, 9GAG has built over 200 million followers across media platforms their different societies.
What is Memecoin?
The token launch has been carefully prepared by the Memeland team as they revealed the first information about their Memecoin token in July 2023 and continuously revealed other interesting information such as the 25% reservation. total supply to Airdrop to the community, listed on major Cex exchanges such as: Binance,… Finally, after many days of waiting, on October 27, 2023 Memecoin became the 39th Binance Launchpool project on Binance.
Memecoin’s mechanism of action
True to the style of a Meme Coin, the Memecoin token is created for entertainment purposes meaning that the Meme Token will have no function, no utility and no intrinsic value, no promises or expectations of any kind. any profits, interest or financial dividends. In addition, Memecoin also has no roadmap and no promises or expectations about any ecosystem being built and developed for Memecoin.
Core Team
Memecoin is developed by Memeland – a Web3-focused spinoff of 9GAG. With 9GAG, they are a media empire from China with more than 40 million Followers on Facebook, nearly 60 million Followers on Instagram and 17 million followers on Twitter. 9GAG allows users to create unique, funny meme images and helps spread Meme culture to more Internet users.
Investor
Through the second round of Private Sale with a selling price of 0.001 USD/MEME for private investors and the Memeland community, the project has raised a total of 15.8M USD. In addition, recently on January 4, 2024, Memecoin received an investment from Binance Labs but did not announce the detailed amount of this investment.
Tokenomics
Basic information about Memecoin token
- Token Name: Memecoin
- Ticker: MEME
- Blockchain: Ethereum
- Contract: 0x3bcaa7f4103895bb0e81240e38862078c6b4ba42
- Total Supply: 69,000,000,000 MEME
Token Allocation
MEME Token Allocation
Token Release
The process of unlocking MEME tokens is as follows:
- 10.75% unlocked at TGE time
- 30% of tokens will be unlocked after 6 months
- 50% of tokens will be unlocked after 12 months
- 100% of tokens will be unlocked after 2 years
Information Channel of Memecoin Project
summary
With Memecoin being deployed on Binance, this is the second project belonging to the NFT Collection segment after Yuga Labs’ APE Token. This shows that the position of the NFT market is growing with more and more quality projects. Above is all the information I want to introduce about Memecoin, hope everyone has received useful knowledge.
