Memeland’s MEME Token Sale Goes Big, Secures $10M in Minutes
The post Memeland’s MEME Token Sale Goes Big, Secures $10M in Minutes appeared on BitcoinEthereumNews.com.
In a surprising turn of events, the token sale of Memeland (MEME) witnessed an astounding $10 million in commitments in less than an hour and a half, setting a new benchmark for the rapidly evolving world of Web3. The project’s unique approach to meme-based cryptocurrency has captured the imagination of crypto enthusiasts and meme aficionados alike. Community members had the opportunity to enter a waitlist by participating in various activities, granting them access to the token sale. Despite being sold out in record time, the sale is set to continue until Friday morning, allowing previously waitlisted users access to the tokens. Memeland’s origins trace back to the same innovative minds behind 9GAG, a widely popular meme-sharing and news site that has been influential in shaping internet culture. The project garnered early support from notable investors, including YCombinator, further cementing its reputation in the world of Web3. A Token Like No Other What makes Memeland truly distinct is its MEME token, which the team humorously describes as having no utility, no roadmap, no promises, and no expectation of financial return, and there are only memes. The official whitepaper of the MEME token provides a clear and tongue-in-cheek disclaimer about its purpose: “Memecoin is a digital token compatible with the ERC-20 token standard. MEME has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend. There is no roadmap and there is no promise or expectation that any ecosystem will even be developed for MEME. MEME is completely useless and for entertainment purposes only.” In essence, Memeland is celebrating the world of memes by creating a cryptocurrency that is solely centered around humor, entertainment, and the joy of sharing internet culture. It does not aim to be a medium of exchange, a…
Filed under: News - @ October 26, 2023 11:14 am