Memecoin (MEME)

Overview

Memecoin (MEME) is an Ethereum token created by Memeland, a Web3 venture studio from the team behind the internet entertainment platform 9GAG. Its name describes its central idea: bringing meme culture and online communities into a form people can hold and transfer on a blockchain. Memeland describes its wider work as a mix of social products, NFTs, and community projects. (memeland.com)

MEME is built around entertainment and shared identity. People can hold it, send it to another Ethereum wallet, or use it in supported Memeland activities. The project’s whitepaper does not give holders a claim on Memeland’s revenue, ownership, or decisions. That distinction helps explain the token: Memeland can build products around its community while the token itself remains a meme-focused digital asset. (memecoin.org)

History & Team

From 9GAG to Memeland

The people behind Memeland previously built 9GAG, a platform centered on humorous images, videos, and online conversation. Ray Chan is identified by Y Combinator as 9GAG’s CEO, alongside other members of its founding team. Memeland draws on that background in social media, where a shared joke or image can bring people together across borders. (ycombinator.com)

Memeland began releasing NFT collections before MEME launched. You The Real MVP and The Potatoz appeared in 2022, followed by The Captainz in 2023. NFTs, or non-fungible tokens, are distinct digital items; unlike MEME units, each can have its own identity and traits. These collections gave Memeland a community of collectors before it introduced a widely transferable token in November 2023. (memeland.com)

The token launch

MEME reached users through several channels, including a community sale, a private sale, airdrops, and a Binance Launchpool program. An airdrop distributes tokens to eligible wallets; a launchpool distributes them to participants under a platform’s rules. The private and community sales were parts of the original token allocation, rather than evidence that buyers gained ownership in 9GAG or Memeland. Binance opened MEME spot trading on November 3, 2023. (binance.com)

Technology & How It Works

An Ethereum ERC-20 token

MEME follows the ERC-20 standard on Ethereum. ERC-20 is a common set of rules that lets wallets and applications recognize and transfer interchangeable tokens. One MEME unit works like another MEME unit; it does not carry the unique artwork or traits of a Memeland NFT. (memecoin.org)

Ethereum records transfers through its network. When someone sends MEME, an Ethereum transaction updates the token balances associated with the sending and receiving wallet addresses. The sender pays the network fee in ether (ETH), Ethereum’s native asset. A wallet displays the balance and lets its owner approve transactions, while the token contract keeps the on-chain record. (support.metamask.io)

The project publishes the MEME contract address as 0xb131f4A55907B10d1F0A50d8ab8FA09EC342cd74. That address identifies the Ethereum token independently of its name or ticker. It is especially useful because many unrelated projects use meme-related names or similar symbols. Memeland also publishes separate contracts used for its original sale and token claims. (memecoin.org)

What the contract does

At its core, MEME uses established token technology rather than a new blockchain or a new way of validating transactions. Ethereum provides the network; the MEME contract defines the token. Other applications can build activities involving MEME, but their rules come from those applications. This separation matters when reading about staking, rewards, or NFTs: a feature offered by a Memeland product does not automatically become a right attached to every token. (memecoin.org)

Tokenomics & Utility

Supply and original allocation

MEME has a fixed total supply of 69 billion tokens. Its original allocation covered seven categories:

• 30% for the ecosystem
• 25% for airdrops
• 17% for contributors
• 12% for private investors
• 11% for the community sale
• 3% for advisers
• 2% for Binance Launchpool

These percentages describe how the supply was assigned at launch. Tokens in different categories followed different release schedules, so allocation and immediate availability are separate ideas. Memecoin’s project site notes that the amount ultimately claimed also affects how many unlocked tokens reach holders. (binance.com)

Holding MEME

The token’s basic functions are holding and transfer. Its cultural role comes from giving a community a shared digital symbol that can move between wallets. The original whitepaper describes MEME as an entertainment token without built-in financial claims or a promised roadmap. It does not grant holders a vote over Memeland as a whole or a share of company income. (memecoin.org)

Memeland has also built experiences that involve the token. Stakeland, which Memeland lists among its products, offers an activity in which users stake MEME and receive “Steaks,” its own rewards measure. That is a product-specific use of MEME. Its terms and experience are distinct from the rights described in the token’s original whitepaper. (memeland.com)

Ecosystem & Use Cases

NFTs and community participation

Memeland’s NFT collections are a major part of the setting in which MEME developed. The Potatoz and The Captainz each contain 9,999 items, while You The Real MVP contains 420. Their characters and themes give collectors ways to take part in Memeland’s stories and activities. MEME serves a different purpose: it is an interchangeable token that can circulate more broadly than a collection of individually numbered NFTs. (memeland.com)

The connection between the two was visible in the token’s early distribution. Memeland provided MEME airdrops linked to its NFT community, and its NFT profile pages record past airdrop amounts. This shows how an existing group of collectors could take part in a new token launch without making NFT ownership and MEME ownership the same thing. (memecoin.org)

Memeland also lists Stakeland and other social and entertainment projects among its work. Those products show the team’s interest in activities beyond token transfers. The direct MEME use described by Stakeland is staking within that product; Memeland’s wider list of projects should be understood as the surrounding ecosystem, with each product having its own purpose. (memeland.com)

A token for internet culture

MEME’s simplest use case is social. Online communities often gather around a shared character, joke, or style. A blockchain token gives members an item they can keep in a wallet and transfer using common Ethereum tools. For Memeland, that idea links a familiar form of internet culture with NFTs and other blockchain-based experiences. (memeland.com)

Advantages & Challenges

MEME benefits from a clear identity and an established creative team. Memeland had released NFT collections before the token arrived, and the ERC-20 standard makes MEME compatible with many Ethereum wallets and applications. Its fixed supply and published allocation also make the original distribution plan straightforward to understand. (memeland.com)

Its main challenge is turning community attention into lasting participation. The token’s appeal depends heavily on whether people continue to enjoy Memeland’s culture and products. Its original design offers few built-in functions, so new experiences involving MEME depend on the teams and applications that create them. Another practical limit is Ethereum’s network fee: even a small MEME transfer requires ETH to pay for the transaction. (memecoin.org)

Where to Buy & Wallets

MEME is available on Binance, OKX, and Gate. Availability and account requirements vary by location and platform. Binance opened trading for MEME in 2023, and exchange listings identify it by its ticker, MEME. (binance.com)

MEME can be stored in an Ethereum-compatible wallet such as MetaMask. A wallet may display the token automatically; MetaMask also allows users to add an ERC-20 token by entering its contract address. The published MEME address is 0xb131f4A55907B10d1F0A50d8ab8FA09EC342cd74. Sending it from a self-managed Ethereum wallet requires ETH for the network fee. (support.metamask.io)

Regulatory & Compliance

Rules for MEME depend on the jurisdiction and the activity involved. In the United States, the Securities and Exchange Commission’s 2026 interpretation describes meme coins as a type of digital collectible that may be acquired for cultural, social, or entertainment purposes. The interpretation also recognizes that a token’s features and the circumstances of a transaction matter when applying securities law. For U.S. federal tax purposes, the Internal Revenue Service treats digital assets as property and requires reporting of relevant sales and other taxable transactions. (sec.gov)

In the European Union, the Markets in Crypto-Assets Regulation, known as MiCA, sets requirements for crypto-asset issuers and service providers, including trading venues and custody providers. Those rules shape how platforms offer access to assets such as MEME. (finance.ec.europa.eu)

Shariah assessment is a separate question from legal classification. MEME’s entertainment focus and limited token-holder rights make the purpose of holding or trading it important to that assessment, especially where a transaction involves excessive uncertainty (gharar) or gambling-like speculation (maysir). Malaysia’s Securities Commission recognizes that some digital assets can be permissible under specified conditions, including requirements concerning a token’s proceeds and benefits. That framework calls for assessment of the particular asset and transaction rather than a single ruling for every meme token. (memecoin.org)

Future Outlook

Memeland continues to describe itself as a studio for community-focused Web3 products. Stakeland demonstrates one way MEME can be used within a specific experience, while the team’s NFT collections remain part of the broader community. Further uses would depend on products that support the token and on whether people choose to take part in them. (memeland.com)

The original whitepaper sets no guaranteed development path for MEME. That leaves its long-term role open: it can remain a transferable symbol of Memeland’s meme culture while individual applications decide whether and how to use it. (memecoin.org)

Summary

Memecoin is an Ethereum ERC-20 token created by the team behind Memeland and 9GAG. Its fixed supply, published distribution, and connection to Memeland’s NFT community give it a distinct history among meme-themed tokens. MEME is best understood through both parts of that history: a token designed around internet culture and a wider studio that has built optional experiences around it. (memecoin.org)