What is XMEME Coin(XMEME)?
$XMEME is positioned as a memecoin with a community-first philosophy within the XRP Ledger, emphasizing transparency and fair distribution. It initially had a capped supply of 100 billion tokens but underwent a token burn after the presale on a DEX at an accessible price to encourage widespread community participation, reducing the supply to 34 billion, with 80% currently available on the market. The initiative eschews the traditional complexities of crypto launches, such as detailed roadmaps and presales, opting for simplicity and clarity in its operations. While the creator promises not to dump the held tokens to maintain market stability and trust, potential investors are urged to conduct thorough research into $XMEME and understand how memecoins function. This caution is advised to ensure that individuals make well-informed decisions in a space that is often rife with high-risk investments and volatility.
Who Are the Founders of XMEME?
The origins of $XMEME were initially shrouded in mystery with founders preferring to remain anonymous. However, it has since been revealed that the founder is none other than @cryptoassetsguy, who has been an active proponent of the token, advocating for it on the x.com platform. Despite the early anonymity, the memecoin has attracted attention from several high-profile XRPL influencers, securing a spot in the limelight within the community. Notable personalities such as @MackAttackXRP, @XRP_Avengers, and @UniverseTwenty have thrown their weight behind $XMEME, which has significantly aided the project’s initial exposure. The involvement of these XRPL influencers provides a sense of credibility and may assuage concerns among potential investors about the previously undisclosed identity of its founder.
What Makes XMEME Coin Unique?
Community-Centric Approach: $XMEME is positioned as a community-focused memecoin, which is designed to benefit the broader XRP community rather than a select group of early adopters or developers.
Large Proportion for Public Sale: The project has allocated a significant portion of its total supply (80 billion out of 100 billion coins) for public sale on a DEX at a fixed low price, aiming to ensure fair access and prevent price manipulation from a select few.
Transparency in Distribution: By blackholing the total supply and setting a clear distribution strategy, the project aims to foster transparency in its operations.
No Presale or Complex Launch Mechanisms: $XMEME distinguishes itself by avoiding presales and other complex token launch mechanisms that can often lead to early accumulation by a small group.
Simple and Clear Vision: The project's ethos of "no false promises, no shitty roadmaps" suggests a commitment to simplicity and directness, which is uncommon in a market that often sees overhyped promises and complicated whitepapers.
Organic Growth and Marketing: The emphasis on organic growth and marketing by the community itself is a grassroots approach that seeks to build a strong and dedicated community.
Devotion to Integrity: The creator's pledge not to dump any held tokens and the decision to distribute proceeds from the token sale (in XRP) among developers and influencers highlight a commitment to maintain the project's integrity.
KYC Compliance: The project mentions KYC (Know Your Customer) compliance, which is often not associated with memecoin projects. This could add a layer of security for investors, although it’s important to note that the team itself is not KYC'd.
While these features aim to set $XMEME apart from other memecoins, the lack of documentation such as a whitepaper and identifiable leadership does introduce significant risk, as previously mentioned. Potential investors should weigh these unique selling points against the risks inherent in investing in a largely anonymous and nascent project.
XMEME Tokenomics
Total Supply: The total supply of $XMEME is capped at 100 billion coins, which is fixed and was stated as already "blackholed," suggesting that no more can be created, thus introducing a scarcity factor that could potentially affect price in the long term.
Public Sale Allocation: A significant majority of the total supply, which is 80 billion $XMEME coins, are allocated for public sale at a decentralized exchange (DEX) at a rate of 0.00001 XRP per coin. This represents 80% of the total token supply.
Liquidity and Development Allocation: The remaining 20 billion coins, which account for 20% of the total supply, are reserved for liquidity provisions, developer funds, influencer partnerships, marketing efforts, and community giveaways.
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Pricing Mechanism:** The public sale is conducted at a fixed price, which is intended to promote equitable access and prevent the type of price speculation and manipulation often seen in the early stages of a new cryptocurrency's life.
Use of Funds: Proceeds from the sale of the 80 billion tokens (which would amount to 800,000 XRP if fully sold at the listed price) are planned to be distributed among the developers, moderators, and ambassadors of the project. This is intended to compensate the team for their efforts in promoting and developing the coin.
Distribution Strategy: There's a pledge that the founder will not dump the tokens they hold, with all 100 billion tokens claimed to be accounted for and the distribution plan publicized to foster trust.
Contingency Plans: There is mention of a contingency plan if not all of the 80 billion tokens are sold, although details of this plan have not been disclosed.
Transparency: The creator's XRPL address is public for the community to verify the holdings, which is a move towards transparency.
The tokenomics of $XMEME reflect a model that aims to involve the community extensively in the coin's distribution and growth, while also providing a high level of transparency around the supply and movement of tokens. However, as with any investment, especially in the cryptocurrency space, potential investors are advised to seek out comprehensive information and consider the risks before participating.
Related Pages:
Read more about: CryptoAssetGuy XMEME
Learn more about: XMEME Coin Twitter.
Where Can You Buy XMEME Coin XMEME?
XMEME Coin XMEME is a token trading on the XRP ledger DEX, the most straight forward way to acquire XMEME Coin XMEME tokens would be to purchase them through XRPL DEX.
How to stay tuned for further updates?
If you wish to receive more updates about the XMEME Coin ecosystem and any upcoming events, we suggest you follow @xmemecoinxrpl on Twitter.
