The 9GAG Team’s Roadmap Less Memecoin Secures 11 Million Dollars in Funding

Crypto News- MEME, an ERC-20 token developed by the 9GAG team, has successfully raised over $11 million shortly after its exclusive sale launch.

The 9GAG Team’s Roadmap Less Memecoin Secures 11 Million Dollars in Funding

The Memecoin fire sale page reports the sale of more than 11.4 billion MEME tokens, each valued at $0.001, exceeding the team’s initial expectations by 150%. But what exactly is MEME?

MEME is a creation of Memeland, a web3 startup, and it distinguishes itself by having ‘no promise’ or utility. The token’s whitepaper unequivocally states that MEME lacks functions, utility, intrinsic value, and any commitment to financial returns, profit, interest, or dividends.

Furthermore, the team behind MEME is resolute in its stance that the token does not entail any voting rights within the Memeland ecosystem. This firm commitment to eschew governance or decision-making influence underscores the unique and somewhat unconventional nature of MEME.

Despite the team’s explicit declaration of forgoing a traditional roadmap and not providing a concrete commitment to having MEME listed on cryptocurrency exchanges, the broader cryptocurrency community continues to exhibit substantial enthusiasm in backing this audacious endeavor.

This groundswell of support may be attributed to the intrigue and novelty surrounding the token, which seems to thrive on its distinct lack of utility and promises.