What is M

I. Project Introduction

1. What Is MemeCore?

MemeCore is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain utilizing a novel Proof of Meme (PoM) consensus mechanism to secure the network. Users can stake meme coins to nodes across multiple chains to earn dual block rewards, enhancing network stability. PoM is an evolutionary framework built around the entire lifecycle of meme coins. From vault creation to community participation, contribution evaluation, reward distribution, and governance — PoM turns meme projects into active, value-generating members of the MemeCore mainnet.

2. How Does MemeCore Work?

The MemeCore network is an Ethereum Virtual Machine compatible network. Users and developers familiar with the Ethereum network can onboard into MemeCore with ease. The Meme Vault is a unique mechanism within MemeCore that is created alongside the launch of each meme coin. It is designed to fuel the viral economy by rewarding users who contribute to the longevity of the meme coin's lifecycle — including creators, community users, and holders. Ecosystem participants can earn multiple rewards. In addition to $M rewards for block creation, validators receive a portion of all MRC-20 tokens generated on the network.

3. Who Founded MemeCore?

Jun Ahn: MemeCore CEO; Founder of Hashtrips and 0xLootBox; previously worked at Ledger and Chains.Asia.

Cherry Hsu: CBDO, 10+ years of marketing experience; previously Head of Marketing at Pomerium and Global Marketing Lead at Coinvestor.

Funding:

Funding details are undisclosed, but participating investors include Waterdrip Capital, CatcherVC, AC Capital, IBC Group, K300 Ventures, and WAGMi Ventures.

4. MemeCore Tokenomics

Total supply of $M: 5 billion tokens. Token allocation is as follows:

Community: 58%. Activates the ecosystem and incentivizes participation. (e.g. maximizing network effects, encouraging governance participation, building long-term loyalty)

Foundation: 15%. Supports long-term project development, ecosystem growth, and community.

Core Contributor: 13%. Rewards key team members and early contributors for ongoing contributions and innovation.

Investor: 12%. Provides funding for investors and strategic partners.

Meme Treasury: 2%. The Meme Treasury funds community incentives, supports creators, ensures ecosystem stability, and engages in fun activities.

5. Token Utility

$M is the native token of the MemeCore blockchain, serving as the foundational asset for gas, staking, ecosystem rewards, and the broader Proof of Meme (PoM) mechanism. Main usages include:

- MemeCore mainnet transaction fee payment

- PoM block proposal and validation

- PoM delegation currency

6. Timeline of Key Milestones

The ecosystem projects cover cross-chain functionality, trading, staking, and a browser. In October 2024, Saakuru Labs and MemeCore announced a joint foundation with an initial $10 million fund to invest in and acquire meme coin communities and games within the Saakuru and MemeCore ecosystems. The project wallet holds a significant amount of $TRUMP, ranking 24th by the number of holder addresses as of June 2025 (previously ranked as high as second). In February 2025, the MemeCore mainnet was officially launched. In Q3 2025, its open development portal will be launched. Future plans include the official release of MemeX and the expansion of the Meme Vault.

II. Token Information

III. Related Links