Memecoin (MEME): Token Created by the Founder of 9GAG

Even though currently the crypto asset market conditions have not completely improved, this does not prevent the growth of the crypto asset ecosystem itself. This is evident from the increasing number of token projects that are emerging and offering interesting things to their users. One of them is Memecoin (MEME), a meme token which successfully raised $10 million in funds in just 42 minutes since their token sale began. 

What is Memecoin (MEME)?

MEME is a token founded by the founding team of 9GAG, a comedy site that has a fairly large community. It is not surprising that at the launch of MEME, this token immediately managed to raise $10 million in funding, even though at that time this token was really just 100% a meme token. The reason is, the launch of this token is not accompanied by utilities, roadmaps, promises, or expectations of financial returns that are usually provided by other tokens.

Even in its whitepaper , the development team clearly states that this token is purely for entertainment purposes only. However, it seems that this is precisely what is of particular interest to investors. Where they knew from the start that the tokens they bought did not provide a promise of refunds or profits, but were only for entertainment for the community.

Ecosystem

Even though there are no clear plans regarding the future of the MEME token, the MEME ecosystem has been formed since its initial launch to the public. Divided into three groups, so far MEME has had at least several non-fungible tokens (NFTs) and applications developed and combines metaverses, games, and NFTs in their system. 

Source: https://twitter.com/NeoTokoh/status/1650782382025482241

Some of the platforms that will reportedly launch on Memeland are travel service Holders.com, video sharing service GMGM.com, crypto staking application Stakeland and Petsland, a service that will focus on pets. 

Who are the Developers Behind MEME's Success?

As previously discussed, the founder of 9GAG is the figure behind the Memcoin project, a well-known name in driving internet meme culture. 

With over 70 million followers across various social media platforms, 9GAG has been an inseparable part of netizens' lives for over a decade. Headquartered in Hong Kong, 9GAG is widely known for curating and sharing "silly" photos and videos that resonate with audiences around the world.

Although backed by 9GAG, Memecoin strives to be a decentralized and community-driven platform, aiming to gradually transform it into a Decentralized Autonomous Organization (DAO). 

This approach is in line with Web3's philosophy and empowers the community to actively participate in Memecoin's decision-making and governance processes.

What are the uses of MEME tokens?

Despite the project's claims of lacking utility, roadmap, and even expected profit returns, the project has attracted significant attention from the community. 

On the other hand, MEME through its various projects has also placed a strong emphasis on the utility of NFTs and has dedicated efforts to building an ecosystem driven by their virtual assets. 

It cannot be denied that the breakthrough made by Memecoin in the midst of a crypto asset market that has not yet fully recovered has provided a breath of fresh air for investors. 

While the development team claims that they do not have a clear roadmap, Memecoin has consistently continued to develop several interesting projects. Where everything aims to improve the web3 experience for its community.

Tokenomics

Source: https://twitter.com/Aizcalibur/status/1697278808599019534

Based on information obtained from the MEME community, this token has the largest token distribution for the development of their ecosystem, namely 33%. 

Having a total supply of 69 billion tokens, apart from developing the MEME ecosystem, they also distribute their tokens by 25% for community airdrops, 20% for contributors (partners and development teams), 10-12% for ICO, and another 10-12% for private sale . 

Reporting from the CoinMarketCap page , as of November 15 2023, MEME token has succeeded in sitting in position #114 based on the total market cap achieved, namely 357 million US dollars.

How to Buy MEME Tokens on Bittime

After knowing what Memecoin (MEME) is and how it works, are you interested in buying and investing in this crypto asset? You can do it at Bittime. MEME tokens are available on Bittime in the MEME IDR pairing. 

 Below is a guide on how to buy MEME tokens on Bittime. 

1. Register an account at Bittime using an active email. 
2. Complete the identity verification process.  
3. Once the account is verified, open the Bittime application.
4. Select the Market menu or click the graphic icon. 
5. Select the IDR pairing to buy Memecoin (MEME) with Rupiah.
6. Click 'Buy'.
7. Select the order type to use. Limit orders, market orders and stop orders are available.
8. Enter the nominal rupiah to buy MEME.
9. Click the 'Buy MEME' button. 
10. A notification pop up will appear. Read it carefully and click 'Confirm'. 
11. Enter the six digit Transaction PIN.
12. The application will display a successful order notification. 

Apart from buying MEME tokens, you can also buy various crypto assets such as BTC, ETH, SOL, ADA, AVAX, DOGE, and many others. Don't forget, keep monitoring the movement of MEME, BTC, ETH, SOL price charts today to find out crypto market trends on Bittime. 

Crypto asset buying and selling transactions on Bittime are easy, safe and instant. Bittime is officially registered and supervised by Bappebti and Kominfo. 

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.