🔥What is MEME Token Memeland?
Meme tokens are digital assets that are usually based on an internet joke or a popular culture reference and are most often the product of a social media trend or event. Such tokens, unlike traditional cryptocurrencies, may not usually have any serious purpose, function or value. On the other hand, Binance recently announced that it will list MEME Token. So what is MEME Coin?
What is
#MEME Coin?
MEME coin is a cryptocurrency that follows the ERC-20 token standard and, as the name suggests, was originally created as a joke or internet phenomenon. This type of coin usually does not carry the functionality or value of traditional financial instruments.
MEME does not have a financial value promise, functionality, return expectation or any purpose of use at its core. Without an ecosystem development or roadmap, the MEME is built on its purely speculative nature and community-created virality.
It is considered for entertainment purposes by investors and participants who follow the fluctuations in the cryptocurrency market and popular culture, and functions as a community event or a social experiment.
It is important to be aware of these characteristics when investing and to understand that MEME coins gain and lose value without asset value, only through community movements. Therefore, assets such as MEME carry high risk and basically represent a colorful corner of the cryptocurrency market, with a sense of humor.
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