Despite Memeland’s development team declaring MEME as having “no utility, no roadmap, no financial promise, no financial expectations, only 100% meme,” the token has garnered significant attention from the community, selling out quickly.
Memeland (MEME), a newly launched memecoin project, has successfully raised $10 million in less than an hour after the token sale opened. This remarkable achievement has drawn surprise and excitement from the global cryptocurrency community and meme enthusiasts.
However, despite selling out the tokens, the token sale schedule will continue until the morning of October 27, 2023, allowing users on the Allowlist or Waitlist to participate in token purchase.
In addition to the MEME token product, the project adopts a unique approach to engage the community. Before the token sale, community members are required to complete various activities to join the Allowlist/Waitlist, which enables them to participate in the token sale. Notably, the development team at Memeland declared these tokens as having “No utility. No roadmap. No promises. No financial expectations. Only 100% meme.”
This unconventional and unconstrained approach has clearly left a strong impression on enthusiasts, as MEME sold out rapidly. Memeland’s posts on Twitter have also gone viral, garnering tens of thousands to hundreds of thousands of views and thousands of interactions.
Memeland is a Web3 project built by members of the 9GAG team, a popular meme and news-sharing website backed by influential investors like YCombinator. The project is designed to connect the worlds of NFTs, Metaverse, gaming, and digital art, creating a unique and engaging online experience.
According to the official project website, Memeland’s upcoming plans include building several platforms within the ecosystem to serve the MEME token, including:
– Holders.com, a travel service.
– GMGM.com, a video-sharing service.
– Stakeland, a cryptocurrency staking application.
– Petsland, a service for pets.
Currently, all four platforms are under development (as per the project’s announcements), and specific timelines for their launch remain unclear.
The success of Memeland in selling MEME tokens is a strong testament to the growing landscape of cryptocurrencies and blockchain technology. It also demonstrates that the allure of the Metaverse combined with the fun and viral nature of memes can generate remarkable financial gains, even when the tokens themselves don’t offer traditional utility or financial profit promises.