Memeland’s $MEME Token Presale Success Draws Praise from Crypto Expert Cygaar and 9GAG CEO Ray Chan Chin-ching
Crypto News – On October 26th, Memeland took to Twitter to celebrate the accolades showered upon one of their developers by none other than software engineer and crypto expert, Cygaar. This public recognition was a prelude to an even more exciting development later that day when Cygaar extended his congratulations to Memeland for their remarkable achievement of securing $10 million during the presale of their token, $MEME.
Cygaar’s commendation of Memeland’s approach included an acknowledgment of their usage of Delegate for on-chain identity security. He further praised the solidity of the $MEME contract, emphasizing the optimization of storage writes and the utilization of calldata for input. This acknowledgment from a notable analyst was met with surprise from the Twitter community, including Kigu’s founder, Dewku, who noted the rarity of such praise from Cygaar, saying, “I don’t remember the last time I saw a ‘good job, dev team’ from Cygaar. Big ups @0xChar.”
The impressive success story continued as Memeland managed to reach the $10 million milestone within a mere 42 minutes of their token’s launch. In the lead-up to the release, community members had the opportunity to partake in various activities, allowing them to join a waitlist that granted exclusive access to the sale. At the time of this writing, the $MEME tokens are humorously described as offering “No utility. No roadmap. No promises. No expectation of financial return. Just 100% memes.”
Remarkably, despite all the tokens being sold out, the sale is set to continue until Friday morning, with individuals who were previously on a waiting list gaining access to the tokens during this extended period.
The team behind Memeland is no stranger to the meme-sharing world, being the same minds behind 9GAG, a widely recognized platform for sharing memes and news. Memeland has garnered substantial support from prominent investors, including YCombinator. Just a few hours ago, Ray Chan Chin-ching, the CEO of 9GAG, took to Twitter to express his gratitude to the Memeland community for their overwhelming responses, trust, and support.
Simultaneously, Chan addressed ongoing discussions and speculations regarding the token’s potential listing on centralized exchanges (CEX). He clarified, in line with the whitepaper, that there is no guarantee and no commitment to list $MEME on any exchange. Furthermore, he advised everyone to approach any information they come across on this matter as potentially “fake” news.
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