When built out, Meme.com gives the opportunity to create, buy and sell Meme Tokens based on the perceived value of trends on the Internet. The value created from the market will in return go to the creators and supporters of the best memes.
To create and buy Meme Tokens, participants will need to purchase Memecoin ($MEM), the platform’s native token.
“We want to create a place where people who are into a specific meme could get together and help each other to develop and help spread that meme further. Around each meme token there is a club where people help each other to empower the meme.”
– Mattias Tyrberg Sir Stonks at meme.com
However during the beta stage, only seven Meme Tokens (named Genesis tokens) will be available and released continuously over a couple of weeks, a statement reads. This is to make sure the platform works as intended before opening it up further.
The value of the Meme Tokens is determined by the community, who support their favorite content on the platform. The Genesis tokens include This is fine, Distracted Boyfriend, Wojak, Pepe, Hide the Pain Harold, KEK and Doge. The genesis tokens will be supported by a meme club feature that will allow people to help each other improve each individual meme.
“We aim to build communities around each meme and want to empower all parts from the creation of the meme to the remixing and the spread. Memes that are most successful are those that have a powerful community behind them.”
– Johan Unger Ancient Alien at meme.com
Apart from the market, Meme.com beta will also introduce quests allowing the community to compete for meme incentives. These quests aim to boost user acquisition and engagement in memes on the platform. Users can select a quest and once completed they are rewarded with rare Meme.com NFTs created by crypto artists and the community.
The first quest will be completed when a Meme Token reaches enough $MEM locked, combined with the number of holders. This will unlock some amazing meme art by top crypto artists.
Once the initial phase is successfully complete, Meme.com will release more features to help meme creators and enthusiasts both have fun and monetize their passion.
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Source: Cryptocurrency - investing.com
