Memecoin (MEME) is the native token of Memeland, a web 3 venture studio by 9GAG, the popular meme platform. Launched in 2020, the cryptocurrency project operates as a decentralized platform for creating, trading, and collecting digital art and memes. The project, a web3 venture studio by 9GAG, aims to tokenize and monetize internet culture, allowing users to tokenize their memes as non-fungible tokens (NFTs) and trade them on the platform.
MEME tokenomics are designed to incentivize participation and contribution to the platform. Users can earn MEME tokens by creating and sharing memes, participating in community activities, or providing liquidity to MEME-related liquidity pools. Additionally, MEME tokens can be used to purchase digital art and memes on the platform or to stake in governance and decision-making processes.
The MEME project leverages blockchain technology, specifically Ethereum's network, to ensure transparency, immutability, and security of meme ownership and transactions. Each meme tokenized as an NFT is unique and can be bought, sold, or traded in the decentralized marketplace.
