To create a one-stop "MEME amusement park", how does MemeCore use the flywheel effect to build a growth engine?

Author: Nancy, PANews

From popular culture experiments to hundreds of billions of market value assets, MEME coins have now grown into the main investment line in the crypto market with the active participation of various players and the increasing improvement of the ecology. However, with the rise of MEME assets, problems such as their dispersed liquidity, lack of intrinsic value, and insufficient community governance have begun to limit their further growth space.

In order to respond to these market challenges, the EVM-based L1 blockchain MemeCore brings deeper value and growth potential to the MEME ecosystem by introducing cross-chain liquidity, community governance incentives, and practical empowerment. On MemeCore, MEME currency is not only a carrier of cultural expression, but also an important tool with economic participation, promoting the construction and development of the entire ecosystem.

Create a one-stop "MEME amusement park" and use the flywheel effect to

promote sustainable ecological development

Relying on the superposition of multiple factors such as viral effect, wealth effect, low entry barriers, and increasingly perfect infrastructure, the MEME craze has continued throughout the past year and has become one of the most popular crypto narratives with the fastest growing market share. This phenomenon not only attracted the participation of a large number of retail investors, but also became the main battlefield for public chains, CEX, market makers and other parties to compete for traffic.

According to CoinGecko data, the total market value of MEME coins has soared from US$20 billion in 2023 to US$140 billion in 2024, with a growth rate of 600%. Among them, 8 MEME coins have entered the top 100 by market capitalization, further demonstrating the strong development momentum of the MEME field. At the same time, Binance previously released a global user survey report that showed that MEME coin topped the list of the most popular tokens among users, with 16.1% of respondents currently holding MEME coins, even exceeding the holding rate of Bitcoin.

Although MEME currency has achieved significant growth in the past year and attracted a large number of investors and participants, there are still uncertainties such as liquidity, application scenarios and transparency behind this wave. Based on a strong market development foundation, MemeCore has proposed a series of innovative solutions to these problems, aiming to promote the inflow of funds and support the rapid expansion of users, thereby achieving sustainable growth of the MEME ecosystem.

Regarding the issue of liquidity decentralization, MemeCore has built a multi-chain liquidity hub to simplify the flow of assets on different chains, thereby reducing the complexity of bridging. Specifically, although MEME coins have made rapid progress in market value, liquidity fragmentation is serious. Most MEME coins are concentrated on mainstream blockchains such as Solana and Ethereum, which not only limits investors on other chains. and community participation, may also lead to increased slippage risk and reduced trading efficiency. MemeCore adopts the innovative PoM (Proof of Meme) mechanism of multi-chain cross-chain pledge, which allows the transactions of MEME coins with different cultural characteristics to be no longer limited to a single chain, but can flow freely between multiple chains, reducing the risk of users’ transaction costs and improve transaction efficiency.

Unlike other crypto assets, the value of most MEME coins mainly comes from cultural attributes and viral effects, which makes them prone to losing value when market sentiment fluctuates. As the first mainnet to provide a dual block reward system, MemeCore has introduced a staking mechanism for block validators and delegators to enhance the long-term stability of MEME coins. They can congratulate the more stable and active ecosystem at the same time. Get double block rewards of token $M and MRC-20 tokens. Under this economic incentive mechanism, MemeCore will not only transform MEME, a purely speculative asset, into a productive asset, but will also bring sustainable growth to market liquidity and participation, thereby promoting the long-term prosperity of the MEME ecosystem.

Of course, developers are an indispensable source of power in the MEME ecosystem and the cornerstone of promoting rapid innovation. The MemeCore network is a network compatible with the Ethereum Virtual Machine (EVM), which means that developers’ migration costs and barriers will be greatly reduced, and there is no need to write smart contract code from scratch. This compatibility not only improves the development efficiency of MEME applications, but also attracts more applications to migrate to the platform to expand the ecosystem, or accelerates the expansion and innovation of the ecosystem. At the same time, MemeCore has also launched various developer incentive activities, such as the Meme Masters hackathon event launched by MemeCore in November this year, which invites developers to integrate innovative dApps into the MemeCore ecosystem through financial incentives, thus injecting into the MEME coin community. vitality. In addition, LIFT EcoFund operated by MemeCore also focuses on supporting MEME core infrastructure projects with strong potential, providing reasonable funding and brand exposure to project developers.

In other words, in this ecological construction, a mutually beneficial relationship is formed between the MEME community and dApp developers. MemeCore helps dApp accelerate growth by providing an immediate user base and community support. dApp provides the community with practical tools (such as staking, DeFi, etc.) to give more intrinsic value to speculative assets such as MEME coins. This mutually beneficial relationship ensures MEME projects achieve scale and practical adoption, while dApp developers benefit from a diverse user base and liquidity.

It is worth mentioning that MemeCore will launch MemeX on the mainnet in the second quarter of this year, allowing each user to create and share their own unique MEME coins, allowing them to transform their identities and stories into globally resonant MEMEs. On this platform, MEME is not just a digital asset, it will gradually evolve into the user's digital identity. As user activity increases and popularity increases, the value of MEME coins will also grow. Users can purchase and trade other MEME coins through the platform token $M, or support other users’ MEME creations through donations. Of course, in order to better demonstrate the spread and influence of each MEME, MemeX has introduced a ranking function. The top users in the rankings will receive higher recognition and exposure, further promoting their MEME on a global scale. spread. Through MemeX, users' digital identities will be closely linked to economic value, ushering in a revolution in personal expression in the digital world. That is, each user's story and creativity are no longer isolated expressions, but can have a profound impact on the global stage. cultural assets.

Simply put, MemeCore is like a huge playground that attracts MEME tokens and communities from different chains and cultures to participate by building a magical bridge. Each MEME token has its own unique cultural charm, and they can share their unique cultural charm to expand their influence. At the same time, in this amusement park, participants can also maintain the amusement park through staking or voting, enrich the amusement facilities by creating new functions and dApps, and receive rewards during the expansion of the amusement park. This positive cycle will attract more users and liquidity, thereby promoting the expansion and growth of MemeCore and even the entire MEME ecosystem, forming a powerful flywheel effect.

Multiple activities build user base, dual-track strategy creates

ecological growth engine

In order to gradually build a multi-chain, sustainable MEME ecosystem, MemeCore has successfully established a traffic foundation and is accelerating ecological construction.

On the one hand, MemeCore has launched a series of innovative airdrops and reward activities, and has quickly attracted the attention of a large number of users and capital through cooperation with multiple mainstream MEME projects and dApps.

For example, in July 2024, MemeCore compensated users for their losses in past MEME currency transactions through an airdrop plan, successfully attracting tens of thousands of users to participate. This move not only helps users repair their past loss emotions, but also strengthens the user base and stickiness of the platform. In the following months, MemeCore successively launched the "Hard Work" and "Mine to Earn" airdrop activities, demonstrating the platform's recognition of user contributions by providing different forms of rewards to participants of 10,000 and 180,000 independent wallets. and rewards, and further promotes the utility of MEME coins. These activities not only enhance user participation and loyalty, but also effectively promote the continued growth of the MemeCore ecosystem.

Recently, MemeCore has launched a new "Mining and Earning" airdrop event, providing mainnet tokens worth US$1 million to participants of multiple mainstream chains such as ETH, BNB, BASE, SOLANA, etc., and through 1/N distributed in proportion. Through this event, MemeCore successfully attracted the participation of popular MEME communities such as DOGE, PEPE, SHIB, and NEIRO, laying a solid foundation for the platform's subsequent ecological construction.

In addition to airdrop activities, MemeCore has also launched community activities such as Memes.war and Meme Masters Challenge. These activities enhance users’ sense of participation and belonging through rich tasks and reward mechanisms, and encourage more users to actively interact within and outside the platform. Further expanding the community influence of the platform.

Not only that, MemeCore also attaches great importance to the layout of offline activities, including through cooperation with well-known platforms such as OKX and Gate.io, and actively participates in KBW (Seoul), Token2049 (Singapore), THBW, Devcon (Thailand) and TBW (Taiwan), etc. International Crypto Conference and Cooperation with BINANCE MEME events held by TH and others have greatly promoted MemeCore's brand exposure and project promotion, and also accumulated resources for the platform to attract global users and capital, further promoting the growth and expansion of the ecosystem.

In terms of ecological layout, MemeCore has adopted a two-stage strategy to ensure the sustainable development of the platform. In the first phase, the core goal of MemeCore is to empower MEME projects that have been established on different chains and help them expand their ecosystem on the MemeCore platform. This move will build MemeCore into a hub where multiple chains and cultures meet, enhance the endogenous power of the platform ecology, and lay a solid foundation for responding to market changes in the future. In the second phase, based on the users and liquidity accumulated in the first phase, MemeCore will focus on developing its own MEME projects and dApp construction to create a powerful long-term growth engine. As the platform accumulates user and liquidity base, MemeCore will further expand various services, including staking, DeFi, games and SocialFi, etc., forming a diversified ecosystem.

From this point of view, through this dual-track strategy, MemeCore not only enhances its competitiveness in the current MEME market, but is also committed to creating a truly sustainable mainnet ecosystem to ensure that the platform can continue to attract new users and capital in the long term. and resources to promote the continuous expansion and innovation of the entire ecosystem.

In general, in the MEME market, the power of emotion and culture is undoubtedly the core driving force behind its explosion. However, in order for this emotional story to continue fermenting and continuing, platforms such as MemeCore need to break the traditional value boundaries through asset transfer, incentive mechanisms and practical applications, so that the growth of the entire MEME market no longer relies solely on Emotional fluctuations give stronger “weight” to the meme economy.