MemeCore has launched its EVM-compatible Layer 1 blockchain with the goal of addressing longstanding volatility and speculative tendencies within the meme coin ecosystem. The project has positioned itself as a platform that redefines meme coins, emphasizing their potential as cultural assets supported by measurable on-chain activity rather than short-lived trading hype.
Industry data from Chainplay has indicated that nearly all meme coin projects collapse within a year, with many disappearing in mere days after being created on automated platforms. Despite this fragility, meme coins have demonstrated unmatched short-term returns, recording an average of more than 33% gains between January and May 2025—outperforming every other major crypto category. MemeCore’s launch, therefore, seeks to create a more structured framework that could help sustain long-term growth while retaining the excitement that draws users to meme tokens.
Proof of Meme: A novel consensus approach
At the heart of the project is a proprietary Proof of Meme (PoM) consensus mechanism, designed as a blend of Proof-of-Authority and delegated Proof-of-Stake. Validator roles rotate every 10 blocks, requiring participants to stake significant amounts of MemeCore’s native $M token. Distribution of rewards has been structured with 75% directed to $M stakers, 24% to meme coin delegators, and 1% to block proposers.
The network architecture encourages creative activity by linking meme generation to tokenized incentives. Every newly minted meme coin automatically creates a Meme Vault—a dedicated smart contract that acts as a reward pool. This pool ensures continuous development, enabling participants to earn both $M tokens and MRC-20 meme tokens through measurable contributions such as content creation, remixing, and distribution. The design is aimed at shifting meme tokens away from mere speculation toward cultural and community-driven engagement.
Tokenomics and supply structure
MemeCore’s native $M token has a fixed supply of 10 billion units, with 5 billion already issued. By early September 2025, circulating supply had reached around 1.03 billion tokens, corresponding to a market capitalization of approximately $706 million and a fully diluted valuation of $6.79 billion.
The project has emphasized community alignment in its allocation model, with 58% dedicated to community incentives, followed by allocations to the foundation, core contributors, investors, and a small share reserved for the Meme Treasury. Each meme coin launched on the platform contributes 5% of its supply into a vault, with rewards distributed linearly over a 1,000-day period. Deflationary measures include permanent token burns from transaction fees and staking locks, both of which gradually reduce the circulating supply.
Expanding ecosystem and dApp infrastructure
MemeCore has built a growing suite of applications and infrastructure services. MemeX provides a no-code environment for creating MRC-20 tokens along with leaderboard features, while PUPA supports the rapid launch of both tokens and NFTs. Everyswap introduces Uniswap v3-based automated market maker functionality directly on the network. Other ecosystem tools include MemeCore Stake for multi-token delegation, MemeCoreScan for blockchain analytics, and developer utilities such as MemeCore Faucet and OKLink integration.
The project has also expanded into gaming through Memes.War, a Telegram-based play-to-airdrop platform. External developers are supported via the LIFT Ecofund, which offers grants of up to $100,000 for dApp integration.
Strategic backing and exchange presence
MemeCore has attracted investments from several prominent firms, including Waterdrip Capital, AC Capital, and IBC Ventures. Collaborations extend to the NEO blockchain for cross-chain development, with PrestoLabs providing capital and regulatory expertise. Cross-chain liquidity is facilitated by Meson Free Bridge, which supports $M token transfers to BNB Chain.
The token has also secured listings on major centralized exchanges since July 2025, including Binance Alpha, Kraken, Bitget, BingX, HTX, MEXC, and Hashkey. Trading volumes have been robust, with Bitget alone recording over $10 million in daily M/USDT activity. Decentralized trading remains active through Uniswap v3 and PancakeSwap, though liquidity pools remain relatively modest compared to centralized markets. Derivatives trading is also expanding, with daily futures volumes surpassing $4 million across leading platforms. The token reached an all-time high of $1.15 at the end of August, representing a 24-fold increase from its listing price.
Marketing and community campaigns
MemeCore’s marketing has centered on high-profile campaigns and community-driven events. The project ran a leaderboard initiative tied to the $TRUMP meme coin, which saw participation from millions of users and token purchases worth over $17 million. Another social campaign, conducted alongside analytics firm Kaito, distributed $700,000 in rewards while securing top placement in community engagement rankings.
Offline visibility has also been a priority, with the team making appearances at industry events such as Token2049 in Dubai and Korea Blockchain Week in Hong Kong. The project has confirmed participation in the upcoming KBW 2025 at Lotte World, further underscoring its intent to maintain both global presence and local community ties.
