What is Memecoin (MEME)?

Deep Dive

1. Purpose & Value Proposition

Memecoin (MEME) is fundamentally a cultural token. It was created by Memeland, the Web3 venture studio of 9GAG—a globally recognized meme platform with a massive, engaged audience. The project's core value proposition is not based on solving a technical problem but on capturing and monetizing internet culture and community spirit. It aims to bridge 9GAG's vast user base into the crypto ecosystem, turning social engagement into a tokenized experience. Its existence is a bet on the power of community and memes as a foundational element of Web3.

2. Tokenomics & Governance

The tokenomics of MEME are uniquely straightforward by design. According to its whitepaper, last updated in November 2023, MEME is a standard ERC-20 token that "has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend." The document further clarifies there is no official roadmap or guarantee of ecosystem development. This transparent "no utility" stance is a key differentiator, framing the token purely as a vehicle for entertainment and community participation rather than a traditional investment asset. Governance and future utility are left entirely to the discretion of the Memeland team.

Conclusion

Memecoin is a pure expression of meme culture in token form, leveraging 9GAG's legacy to build a Web3 community with a token that openly rejects traditional financial promises. Will its success hinge entirely on the strength and creativity of the Memeland ecosystem it represents?