What is Memecoin (MEME)?

MEME is the native token of Memeland, an NFT ecosystem leveraging through a culture of memes. It is an ERC-20 token deployed on Ethereum in late October 2023.

The official whitepaper of MEME states that MEME has no utility, roadmap, upcoming use cases, functions, promise or intrinsic value. It also states that there is no promise that any ecosystem will ever be developed for this token. Despite this, MEME gained significant attention and became one of the most anticipated token launches of 2023.

MEME has a fixed total supply of 69 billion, allocated into seven main categories: Airdrop (11%), Community Presale (11%), Ecosystem (30%), Private sale (12%), Contributors (17%), Launchpool (2%), and Advisory (3%). Each category has its unlocking schedule to ensure the project's long-term sustainability while providing enough initial liquidity.

How does Memecoin (MEME) work?

Memeland is a web-3-focused venture studio that connects creators and communities through creativity, MEME and NFTs. Behind it is 9GAG, a social media platform where users can share and access various user-generated memes and videos. Memeland has three collections: You the Real MVP, The Captainz and The Potatoz.

The Real MVP is Memeland's earliest and most expensive NFT collection. It has 420 mythical gold trophies inscribed with the message, "In the Land of the Greatest Memes lies the Greatest Treasure." The owners of these NFTs get access to the Memeland Discord private MVP lounges and IRL events. It also allows them to network with other NFT collectors, creators and entrepreneurs. Anyone holding MVP also gets early insights about future Memeland releases and updates. Due to several benefits associated with these NFTs, they are fairly expensive.

Captianz is a collection of 9,999 utility-enabled middle-tier Memeland NFTs featuring pirate captains and their crews on a quest for treasure. Membership in Captainz ensures a high-level partnership in Memeland by providing a role to play in the governance of the Memeland DAO. Unlike static NFTs, Captainz NFTs are customizable, as their owners can change the clothes, accessories and hair of these NFTs.

Patatoz is a collection of 9,999 PFP (Profile for Picture) NFTs inspired by memes and pop culture. This collection pays homage to the longtime tradition of ending lengthy meme posts with a potato, stating, "Sorry for the long post, here's a potato". Its ownership represents an entry-level membership of Memeland, with benefits like MEME rewards. It was initially a free-to-mint project but soon adopted a floor price after gaining popularity.

MEME, the native token of Memeland, has no utility and functions. As its name suggests, it's a coin powered purely with "meme" energy. Yet, its release and airdrop received immense popularity and enthusiasm due to 9GAG's reputation in the Internet meme culture. Nearly 17,250,000,000 MEME tokens (25%) were airdropped to reward the holders of Memeland NFTs.

How to Buy Memecoin (MEME) in India?

There are many platforms where you can invest and Buy Memecoin (MEME) in India.

One such platform is Flitpay. To buy MEME in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy MEME and execute the purchase.

You can instantly convert your INR to MEME and MEME to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After I Buy Memecoin (MEME)?

MEME tokens can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold MEME until it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying and selling MEME at lower prices.

FAQs

What is Memecoin (MEME)?

Memecoin (MEME) is an ERC-20 token with no utility or function that gains its value solely from the love for memes in its investors. Launched in October 2023, MEME has a maximum supply of 69 billion that will slowly come into circulation through different unlock periods. 

What is the Memecoin (MEME) price in India?

Check out the current INR price of MEME crypto in India on Flitpay.

Which is the best crypto exchange app in India to buy Memecoin (MEME)?

The best crypto exchange app in India to buy MEME, buy Ethereum, or any of your favourite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the benefits of the Memecoin (MEME)?

As such, MEME does not benefit its holders. Its whitepaper clearly states that MEME has no use cases, future roadmaps, or functionalities. However, despite its lack of use, it still managed to gain good attention and a strong community.

Is it safe to invest in Memecoin (MEME) in India?

Yes, investing and trading MEME is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying MEME. It offers real-time prices and advanced investing features.