Memecoin (MEME) is an ERC-20 token built on the Ethereum blockchain. It is a humorous and community-driven digital asset inspired by internet memes. Memecoin fosters a fun ecosystem where users can engage through trading, events, and meme-themed initiatives. It has a fixed total supply of 69 billion tokens and is designed to promote a lighthearted cryptocurrency experience centred on meme culture.
Memecoin operates on the Ethereum blockchain, utilising the Proof of Stake (PoS) consensus mechanism implemented by Ethereum. It adheres to the ERC-20 token standard, which ensures compatibility and secure operations through smart contracts. While Memecoin does not specify unique algorithms beyond Ethereum’s cryptographic framework, its operations are supported by Ethereum’s robust and decentralised infrastructure. Further technical details can be explored in the whitepaper.
Memecoin has several potential applications, including:
Industries benefiting from Memecoin include cryptocurrency, digital entertainment, and online communities.
Memecoin was created to capitalise on the popularity of internet memes and emulate the success of earlier meme-based cryptocurrencies like Dogecoin. The project launched with a total supply of 69 billion tokens, but details about the founding team and further milestones are not disclosed. The token's evolution has focused on building a community around meme culture while exploring its potential in the crypto market.