MemeCoin (MEME) Price Prediction: An Introduction to Memeland Eco-System
What MemeCoin (MEME)?
Memeland is a collection of 9,999 utility-enabled PFPs (picture-for-profile) NFTs that was founded by the viral meme-sharing and news website 9GAG. This NFT ecosystem aims to unify the power of NFT with the culture of memes.
As per the agenda on Memecoin’s website, it says:
We are building and investing in social products for the community, with the community. We are connecting creators and communities together through creativity, $MEME, and NFTs.
The native ecosystem token of Memeland is called Memecoin (MEME). The Memecoin has a maximum supply of 69,000,000,000, with 8,797,500,000 MEME circulating at launch.
According to the Memecoin creators, the MEME cryptocurrency has no intrinsic value and no functionalities. Moreover, it holds no promise or expectation of any kind of financial return— profit, interest, or dividend. Despite this, the cryptocurrency community has shown a great deal of interest in and investment in the token.
What are Memeland’s PFP Collections?
The Memeland is made up of a collection of four themes namely, You the real MVP, The Potatoz, The Captainz, and Treasure Islandz.
According to the tweet, “You are the real MVP” is an extra way of thanking and rewarding their passionate community and team. You can even call it VIP.
This collection consists of 420 beautifully crafted gold trophies that were discovered in different historical sites worldwide. They all have the same inscription: “In i dór -o i greatest memes lies i greatest mír”. Loosely translated, these words mean: In the Land of the Greatest Memes lies the Greatest Treasure.
The Potatoz is a collection of 9,999 utility-enabled PFPs that feature rarity-powered traits inspired by internet memes and pop culture. It was launched as a free mint in June 2022 and became a top 150 OpenSea collection in less than 69 days. The concept of the Potataoz was based on the fiction that the Potato was the first resident of Memeland which was deserted.
Potatoz represents the base-level membership of Memeland. Nonetheless, the Potatoz website says, “You are not only part of the fun and energetic community, but you are like a co-founder of Memeland!”. Additionally, Potatoz comes with innovative non-custodial staking and a multi-stage reveal mechanism.
Moreover, the site says that growing the Potatoz allows them to sit in the user’s wallet, keep them safe from hacks and scams, and evolve into the next stages (from stage 0 to stage 5) while collecting tickets to enter the weekly prize draw. Rumour has it that growing is related to $MEME, allowlist spots, NFT drops, access to IRL events, and more!
The last collection “The Captainz” is a collection of 9,999 utility-enabled PFPs that feature rarity-powered traits inspired by pirates, internet memes, and pop culture. It is the premier collection of Memeland.
Captainz represents the premier-level membership of Memeland. The utility and perks that will be available exclusively to the Captainz will be revealed later.
Meanwhile, the company stated that $MEME is not a regular NFT token that normal people don’t care about; Treasure Islandz is not the regular metaverse that feels like a digital ghost town. They are built differently, and Captainz will have first access, said the company.
Captainz governs the Memeland DAO. The DAO will serve as a community-led vehicle to empower the growth and development of the Memeland ecosystem. The DAO will deploy resources toward projects and initiatives that further the Memeland mission.
The DAO membership is open to all Captainz. Captainz will help make decisions regarding the DAO treasury, governance rules, partnerships, and beyond.
Latest News of Memecoin
The Memecoin (MEME) was listed on Binance’s launch pool on October 27, 2023. This will be the 39th project on Binance’s listicle. Users will be able to stake their BNB, TUSD, and FDUSD into separate pools to farm MEME tokens over 30 days.
MemeCoin (MEME) Price Prediction
MEMEland ran a blind auction for “YOU THE REAL MVP” giving their community the chance to set the price. The final price went up to 5.3 ETH, and now the floor price sits at 45ETH.
The Potatoz has completed more than 9,700 ETH ($16 million) worth of secondary marketplace transactions up to now. The floor price for The Potatoz is currently 1.89 ETH.
Conclusion
With more developments to be added to the project in the future, there is a high chance that the floor price of these NFTs could increase.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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