MEMES Token: A Decentralized Social Network Catering to Memes

The platform is currently focusing on marketing, getting the word out there, and exposing the platform. MEMES token was created with both users and content creators in mind to organize the meme marketplace.

By
Wilfred Victor
on
May 10, 2021
Category:
Sponsored

What is MEMES Token?

MEMES Token is the world’s first decentralized social network and marketplace based on Memes, where content creators get direct users for their work. The platform will be the central point where creators and enthusiasts come together, trade their creations, and have the lofty aim of making all transactions decentralized. Off-chain actions will only be for users who are not crypto savvy. The protocol will be the first blockchain-based meme marketplace that focuses exclusively on content creators and users.

MEMES Token


Key Features

  • Fully decentralized and onchain system
  • NFT Marketplace
  • Staking
  • Social network


Project’s Components

One Marketplace for All

The aim is that all activities are connected to the MEMES Token NFT marketplace dapp, making it a community-centric hub in a decentralized manner. The dapp is built to integrate meme ecosystems into a unified blockchain protocol that will share and interact with the platform as transparently and as efficiently as possible. The marketplace will be highly specialized for token meme creations, focusing on creators and users in a fair and advantageous approach for creators.

MEMES Token Marketplace Demo

Staking

The platform will also come with the ability to stake your NFTs. This is a relatively uncommon feature in the blockchain that combines the hottest aspects of DeFi. These mechanics drive further value to the NFTs and allow users to earn rewards while collecting artworks or memes.

Fully Decentralized and Onchain Functions

The total interactions with NFTs by users will be forever available online using ArWEAVE; this is part of the team’s plan to make actions, interactions, and transactions fully decentralized and onchain. Off-chain transactions will also be allowed for users who are not crypto savvy.

Payment transfers and cross-transfer assets will be completely on chain with very minimal fees for users.

Social Network

MEMES Token will connect users to content creators in a decentralized fashion, removing the need for intermediaries. This unique system allows users to interact with content creators on a whole new level. This creates a much more interactive space between content creators and users as they can own NFTs which are scarce and potentially hold value. MEMES NFT marketplace not only allows users to consume content but own it on the blockchain. These are all of the benefits associated with the usage of the MEMES Tokens NFT Marketplace and ecosystem:

  • No registration needed
  • Community-built platform
  • Seamless cross-chain transactions
  • Redistribution as holding incentive
  • Untampered ownership of an asset. 

The whitepaper outlines how users will interact with the dapp when the platform goes live—direct reward and communication between User A (content creator) and User B (platform user).

Platform Overview


Platform Updates

Techrate has audited the MEMES Token code, and they have found no issues with the platform codes. The token was recently listed on Coingecko as part of the marketing plan and project expansion. 

MEMES on Coingecko

To drive user interaction, there is an hourly contest available on the telegram group where users comment on the hourly video pinned in the group. Also, there is a contest for users who want to spread the word about MEMES Tokens to other groups and get rewarded based on their actions.


Tokenomics

Total Supply -  100,000,000,000,000 MEME

  • No burn mechanism
  • 2% goes to the locked liquidity pool as MEME/BNB pair to ensure a stable price
  • 2% redistributed to incentive holders
Token Distribution


  • Liquidity locked on Dxsales - Proof.
  • 30% of the token supply is locked until January with ten releases along the way - Proof.


Roadmap

Roadmap plan

March - April 2021

  • Community building, token launch, exchange listing, product MVP, and first listing.

May 2021

  • Application launch and NFTs marketplace

June 2021

  • Ongoing development and incremental platform upgrades

In the month of May, users should expect the release and launch of the community-centric NFT marketplace. It will connect content creators directly to users in a decentralized and fair manner. The team has plans to introduce a royalties system and auction NFT marketplace in the future.  Further platform updates will be driven by the community decisions. 


Concluding Thoughts

According to this Tweet from the official handle, Coinsbit, the 29th largest exchange in the global exchange ranking, has been contacted for a potential listing. 

MEME Token

The platform is currently focusing on marketing, getting the word out there, and exposing the platform. MEMES token was created with both users and content creators in mind to organize the meme marketplace.


Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The team at MEMES Token has purchased an advertisement package for $8000, which includes this article. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

For users who wish to learn more about MEMES Token, check out the following resources and media pages:

Website

Twitter 

Telegram

Reddit


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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.

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