Buy Memecoin

Memecoin (MEME) is a digital currency created as an ERC-20 token on the Ethereum blockchain. What makes Memecoin unique is that it has no practical function, utility, or intrinsic value. The creators emphasize that MEME was developed solely for entertainment purposes and does not offer any financial returns or gains. This sets Memecoin apart from most other digital currencies, which typically aim for a useful application or financial gain.

MEME was launched on October 28, 2023 via the Binance Launchpool, a partnership between Binance and 9GAG’s Web3 venture studio, Memeland. During this launch, users were able to earn MEME tokens by staking Binance Coin (BNB), TrueUSD (TUSD), and First Digital USD (FDUSD) across three different pools. This provided users with an easy and accessible way to earn new tokens.

Memecoin capitalizes on the growing trend of meme culture and the popularity of memecoins in the crypto space. Users can own and trade MEME, as well as participate in various staking pools. Additionally, they benefit from the token’s deflationary properties, as 1% of all MEME transactions are burned to reduce the total supply and potentially increase its value.

Within the ecosystem, there are several products and features. A key product is the MEMECOIN Fire Sale, a platform where community presale participants could purchase MEME with ETH, including a refund option in case of failed deposits. In addition, there are the MEMECOIN Claim and MultiClaim features, designed for airdrop and presale participants to lock up their tokens and claim them on a fixed schedule. For security, MEME uses multisig wallets, where at least two of the three owners must approve an action before it is executed.

The total supply is set at 69 billion tokens, divided into seven primary pools, each with their own issuance schedule.

Who founded Memecoin?

Memecoin was founded by the team behind 9GAG, a globally renowned meme platform with over 200 million users across various social media platforms. Founded in 2008, 9GAG has a rich history of building communities. The team has participated in programs such as 500 Startups in 2011 and Y Combinator in 2012, highlighting their extensive experience in launching and supporting new projects.

Memecoin offers several applications within the Memeland ecosystem. Here are the main uses:

• Making payments: MEME can be used to make payments for services and products on the Memeland platform.
• Staking: By staking MEME tokens, you can earn rewards and help support the network and increase its security.
• Purchasing NFTs: MEME tokens can be used to purchase NFTs on the Memeland marketplace. These NFTs represent digital collectibles that are valuable and unique within the community.
• Governance: As a holder of MEME tokens, you have the right to vote on proposals that affect the future of the Memeland ecosystem. This gives you direct influence on the development of the project.
• Participation in community events: MEME tokens give access to exclusive events and activities within the Memeland community, ranging from online meetups to special promotions and contests.

Memecoin uses the Ethereum blockchain and various mechanisms and techniques to ensure optimal technical operation.

MEMECOIN Fire Sale

The MEMECOIN Fire Sale is a platform where community presale participants could buy MEME with ETH. In case of a failed deposit, a specific contract offers a refund option, which contributes to a reliable purchasing process.

MEMECOIN Claim and MultiClaim

These features are designed for airdrop and presale participants to lock and claim their MEME tokens. Each contract has its own release schedule, which ensures a structured and controlled distribution of tokens.

Multisig wallets

For enhanced security, MEME uses multisig wallets, where at least two of the three owners must approve an action before it is executed. This system mimics a maker-checker-approver flow, ensuring secure execution of transactions involving ETH, ERC20 tokens, NFTs, and other smart contract functions.

Smart contract audits

Third-party security firms regularly perform audits on MEME's smart contracts, adding an extra layer of credibility and reliability to the project's technical infrastructure.

MEME has a well-thought-out tokenomics model with a total fixed supply of 69 billion tokens. These tokens are divided into seven primary pools, each with its own release schedule:

• Binance Launchpool: 2.5% (1.725 billion tokens)
• Community: 11% (7.59 billion tokens)
• Airdrops: 25% (17.25 billion tokens)
• Ecosystem: 30% (20.7 billion tokens)
• Advisors: 2.5% (1.725 billion tokens)
• Investors: 12% (8.28 billion tokens)
• Team: 17% (11.73 billion tokens)

MEME's deflationary mechanism ensures that 1% of all transactions are burned, increasing scarcity and potentially increasing value.

The following features and characteristics distinguish Memecoin as a unique cryptocurrency:

• Deflationary mechanism: Each MEME transaction burns 1% of the tokens, which reduces the total supply and can increase the value of the remaining tokens.
• Strong community: Due to its connection to 9GAG and Memeland, MEME has a large, strong community that contributes to its popularity and engagement.
• NFT integration: MEME is integrated into the Memeland ecosystem, where it can be used to purchase unique NFTs and participate in exclusive community events.
• Unique distribution strategy: The tokens are divided into seven pools, each with its own release schedule, which helps maintain sufficient liquidity and engagement in the early stages.
• Lack of practical features: Memecoin is designed without any practical application or intrinsic value, which sets it apart from other cryptocurrencies that often try to provide a useful function.

At Bitvavo you can buy Memecoin tokens. Our platform is suitable for both beginners and experienced traders. Follow these steps to buy MEME tokens via our website or app:

1. Log in to your Bitvavo account or register a new account.
2. Add funds to your account by clicking "Deposit".
3. Go to the Memecoin (MEME) buy page.
4. Enter the amount in euros you want to spend or the number of MEME tokens you want to purchase, and click "Buy".

After your purchase, the MEME tokens will be added directly and automatically to your Bitvavo account, where you can easily manage and trade them. Selling MEME tokens is just as easy, allowing you to react quickly to market changes.

You can safely store your MEME tokens in your Bitvavo account. Bitvavo keeps the majority of the assets in cold storage, which means they are stored offline for extra security. For extra protection of your account, we recommend enabling two-factor authentication (2FA).

Many software and hardware wallets support MEME. After purchase, you can easily transfer your MEME tokens to an external wallet by linking the wallet address to your Bitvavo account. This gives you full control over your cryptocurrencies and increases the security of your digital assets.