Bitcoin
Bitcoin (BTC)
$96,636.00 0.98793
Bitcoin price
Ethereum
Ethereum (ETH)
$2,718.96 3.12515
Ethereum price
BNB
BNB (BNB)
$664.38 -3.57027
BNB price
Solana
Solana (SOL)
$199.70 4.59056
Solana price
XRP
XRP (XRP)
$2.71 11.01081
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000167 3.18546
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 6.62357
Pepe price
Bonk
Bonk (BONK)
$0.000019 8.98336
Bonk price
dogwifhat
dogwifhat (WIF)
$0.737053 27.5013
dogwifhat price
Popcat
Popcat (POPCAT)
$0.35865 25.79514
Popcat price
Bitcoin
Bitcoin (BTC)
$96,636.00 0.98793
Bitcoin price
Ethereum
Ethereum (ETH)
$2,718.96 3.12515
Ethereum price
BNB
BNB (BNB)
$664.38 -3.57027
BNB price
Solana
Solana (SOL)
$199.70 4.59056
Solana price
XRP
XRP (XRP)
$2.71 11.01081
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000167 3.18546
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 6.62357
Pepe price
Bonk
Bonk (BONK)
$0.000019 8.98336
Bonk price
dogwifhat
dogwifhat (WIF)
$0.737053 27.5013
dogwifhat price
Popcat
Popcat (POPCAT)
$0.35865 25.79514
Popcat price
Bitcoin
Bitcoin (BTC)
$96,636.00 0.98793
Bitcoin price
Ethereum
Ethereum (ETH)
$2,718.96 3.12515
Ethereum price
BNB
BNB (BNB)
$664.38 -3.57027
BNB price
Solana
Solana (SOL)
$199.70 4.59056
Solana price
XRP
XRP (XRP)
$2.71 11.01081
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000167 3.18546
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 6.62357
Pepe price
Bonk
Bonk (BONK)
$0.000019 8.98336
Bonk price
dogwifhat
dogwifhat (WIF)
$0.737053 27.5013
dogwifhat price
Popcat
Popcat (POPCAT)
$0.35865 25.79514
Popcat price
Bitcoin
Bitcoin (BTC)
$96,636.00 0.98793
Bitcoin price
Ethereum
Ethereum (ETH)
$2,718.96 3.12515
Ethereum price
BNB
BNB (BNB)
$664.38 -3.57027
BNB price
Solana
Solana (SOL)
$199.70 4.59056
Solana price
XRP
XRP (XRP)
$2.71 11.01081
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000167 3.18546
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 6.62357
Pepe price
Bonk
Bonk (BONK)
$0.000019 8.98336
Bonk price
dogwifhat
dogwifhat (WIF)
$0.737053 27.5013
dogwifhat price
Popcat
Popcat (POPCAT)
$0.35865 25.79514
Popcat price

9GAG team’s Memecoin with no roadmap raises $11m

Yana Khlebnikova
Edited by
News
9GAG team’s Memecoin with no roadmap raises $11m

Ethereum-based Memecoin has no roadmap or utility, but this has not stopped investors from buying it.

Memecoin (MEME), an ERC-20 token launched by the team that worked on 9GAG, has raised more than $11 million in just a few hours, shortly after a waitlist-only sale started.

The Memecoin fire sale page says over 11.4 billion MEME tokens valued at $0.001 have been sold, representing a 150% surge from what the team initially planned.

9GAG team's Memecoin with no roadmap raises $11m - 1
The MEME fire sale webpage | Source: memecoin.org

What is Memecoin

MEME is a token made by a web3 startup called Memeland, which basically has “no promise” or utility. According to the token’s whitepaper, MEME “has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend.”

The team also pointed out that MEME does not represent “any entitlement to any voting rights” regarding the Memeland ecosystem.

While the developers emphasize “no roadmap” and “no commitment to list MEME on any exchange,” the crypto community is still willing to support the startup.

The token has a total supply of 69 billion MEME tokens generated, according to Etherscan. According to MEME’s tokenomics, the first 2.7% of the total supply will be unlocked on Oct. 27, with the remaining amount “unlocked daily over the next eighteen months.”