What is Memecoin (MEM)?
Memecoin (MEM) is the native token of Meme.com, which is a memetic protocol that allows users to monetize popular internet memes. Besides that, it features an NFT layer called MarbleCards, which allows users to turn center images of URL links into NFTs. If you’re curious about the current MEM price, make sure to check the Memecoin price chart above.
The memes on the Meme protocol are converted into memetic assets (mTokens), which essentially are ERC-20 smart contracts. The Meme platform features specific Meme Markets, which allow users to trade, sell, and buy mTokens. These Meme Markets can either be meme-specific or not, and anyone can create them. Besides, mTokens can also be exchanged for Memecoins. In order to do that, a token bonding curve is used.
Talking about MarbleCards, as mentioned before, this is a collection of image URLs turned into NFTs. The owners of these cards can curate them however they want and use them in the Arena or for yield generation. MarbleCards was developed by the founders of Meme in 2019 as an NFT layer to be integrated into the Meme project.
Who Founded Memecoin?
The Memecoin crypto project was founded by Mattias Tyberg and Johan Unger in 2018.
Mattias Tyberg is a seasoned entrepreneur. He is an expert in predictive analysis and text analytics. Johan Unger, on the other hand, is a software specialist. Apart from founding Meme, Unger also founded such projects as Qulart, WinR, and Strossle. Besides, as of writing this, he is a board member of Noted Media.
Memecoin was successful in securing $5 million in funding in 2021 from backers including Morning Star, Blockhype, Spark Digital Capital, and Outlier Ventures. Besides that, Sandeep Nailwal and Gabby Dixon are among the angel investors of Meme.
Use Cases of MEM Tokens
Primarily, Memcoins are used as reward tokens on the Meme platform. It rewards users for supporting the works of NFT artists. Besides that, as mentioned before, mTokens can be exchanged for Memecoins by utilizing the bonding curve.
Don’t forget to check the live MEM price on the aforementioned Memecoin chart.
Tokenomics of MEM
The max supply of Memecoins is 100 million. Almost half of that supply (42.1%) is dedicated to rewarding Meme users. The remaining portion was split between teams, advisors, and founders, as well as distributed through token sales.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
21.04K
Followers: 21,043
0.14%
Following
119
0.00%
Posts count
3,864
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
68
0.00%
Subreddit type
public
Moderators
1
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
-
Title
-
Currently, official Memecoin (MEM) Telegram Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
41 / 100
2.38%
Ahrefs Rank
1,428,467
9.94%
Organic Traffic (mo.)
411
0.24%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
13
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
0
Watchers
4
0.00%
Forks
3
0.00%
Language
Solidity
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