MemecoinPrice

(MEME)

While the whitepaper playfully claims $MEME has no inherent functions or value, its real-world utility is found within the Memeland ecosystem. It serves as the core token for participating in "Social Staking" events on Stakeland, allowing holders to farm new tokens from partner projects. Furthermore, $MEME acts as the vital link connecting Memeland's exclusive NFT collections, making it essential for accessing and maximizing benefits within the ecosystem.

9GAG, a globally recognized Web2 platform for memes, is the parent company that launched Memeland as its dedicated Web3 venture studio. The $MEME token is the foundational cryptocurrency powering this entire Memeland ecosystem. By holding $MEME, users are essentially investing in the extensive brand equity and community-building expertise of 9GAG and its founder, Ray Chan, positioning themselves within a rapidly evolving Web3 project backed by a massive Web2 legacy.

The total supply of $MEME is fixed at 69 billion tokens, a number chosen to reflect meme culture. Approximately 87% of this supply is currently in circulation as of early 2025. While $MEME itself doesn't have a direct token burn mechanism, the Stakeland protocol incorporates a "Steak" system. Users earn Steaks by staking $MEME, and these Steaks are then "burned" or committed to acquire new tokens from partner projects, effectively creating a continuous demand for $MEME and its derivatives.

You do not need to own a Captainz or Potatoz NFT to purchase $MEME tokens, as they are readily available on major exchanges like LBank. However, these NFTs are crucial for maximizing your participation and rewards within the Memeland ecosystem. Captainz holders receive the largest airdrops and staking multipliers, while Potatoz provide smaller yet significant rewards. The top-tier MVP (You The Real MVP) pass grants the most exclusive access and benefits, enhancing overall yield and engagement.

To earn new tokens, you participate in "farming" events on Stakeland. During a specific launch period, you deposit your $MEME tokens into the Stakeland portal. This often involves completing simple social tasks, such as following a partner project on a platform like X. In return for your participation and social engagement, you receive a share of the new project's tokens. Stakeland has become a popular launchpad, connecting other Web3 projects with Memeland's large and active community.

Although the project playfully states it has "no roadmap," the Memeland team is actively developing several key initiatives. These include "Moonit," a social product currently under development, and "MemePay," a proposed payment layer designed to utilize $MEME. Furthermore, Memeland is exploring "MemeStrategy," a recent pivot that aims to bridge meme culture with capital markets and AI technologies, positioning $MEME as a unique connector between lighthearted community engagement and serious technological advancements.