HotsCoin is pleased to announce that Memeland (MEME), a digital token introduced by the well-known Hong Kong entertainment media company 9GAG, has officially been listed on the platform. 9GAG, a renowned online entertainment platform recognized for its creative memes and humor since its inception in 2008, brings a strong meme-centric approach to the project. Memeland, an offshoot of 9GAG, aims to connect creators and the community through creativity, MEME tokens, and NFT technology. Memeland is now available for trading on HotsCoin.
Key Events of Memeland as Noted by HotsCoin:
- October 27, 2023: Memeland successfully raised $15.67 million in a public funding round.
Introduction to Memeland and MEME:
MEME Token: MEME is the token of the Memeland ecosystem, designed to connect creators and the community through NFTs, tokens, and products. Since June 2022, Memeland has released three NFT series, including "You The Real MVP," "The Captainz," and "The Potatoz."
Background Information on Memeland as Noted by HotsCoin:
The team behind Memeland also founded 9GAG, a globally popular meme platform with over 200 million followers worldwide. Founded in 2008, 9GAG received seed funding from 500 Startups in 2011 and joined the Y Combinator incubator in 2012. With over 15 years of community product development experience, this team has collaborated with hundreds of brands, thousands of creators, and millions of fans.
Details of MEME Token Sale Noted by HotsCoin:
Memecoin has raised $15.8 million through two rounds of presale, with 12% and 11% of the token supply sold at $0.001/MEME to private investors and the Memeland community, respectively.
Supply Information on MEME Token as Noted by HotsCoin:
As of October 27, 2023, the total supply of MEME stands at 69,000,000,000, with a circulating supply of approximately 8,797,500,000, representing around 12.75% of the total token supply.
MEME Token Whitepaper's Playful Nature as Noted by HotsCoin:
While MEME tokens are part of the Memeland ecosystem, the Memecoin whitepaper describes them as highly entertaining digital tokens with no practical function, intrinsic value, or any promise or expectation of financial returns, profits, interest, or dividends.
Functions and Uses of MEME Noted by HotsCoin:
- Not a Currency: MEME tokens are not designed or used as a means of payment for goods or services and are not considered as currency.
- No Ownership Rights: MEME tokens do not represent any ownership rights, equity, or participation in the operation of any entity, business, or company.
- Not an Investment: MEME tokens are not seen as any type of financial instrument or investment and do not provide any rights to income, profits, or investment returns.
- No Listing Guarantee: The whitepaper explicitly states that there is no guarantee or commitment that MEME tokens will be listed on any exchange.
In summary, MEME tokens are fundamentally playful digital tokens designed for entertainment purposes, lacking practical functions or uses. Although they are part of the Memeland ecosystem, buyers should be cautious in understanding their nature and not consider them as traditional cryptocurrencies or investment tools. HotsCoin will continue to monitor the project's ecosystem. (Report Date: October 2023)
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