Brace yourselves: another memecoin is coming. But this one promises something radically different to anything that’s gone before. WOMIO will be the initial memecoin and utility token of the platform of the same name. It’s designed to usher in a new era of sustainable memecoins that incorporate real use cases and have an outsized chance of going the distance.
The $WOMIO presale, which has been scheduled for August 21 at 19:00 CET, will give memecoin collectors a chance to get their hands on another token that’s designed for fun first and foremost. But there’s also serious business behind its launch given that its developers have grander ambitions: they want to transform the entire memecoin landscape.
Memecoin Deployment as a Service
The proliferation of memecoins has been accelerated by the rise of platforms that enable anyone to launch a token in seconds with no developer experience required. The likes of Pump.Fun (Solana), Meme.Market (Base), and Gas Pump (TON) have lowered the barrier to entry, which has democratized token deployment – but it’s come at a price. The market is now drowning in memecoins.
WOMIO enters this environment as yet another memecoin launchpad, but there are characteristics about its business model that augur well for its prospect and for those of the industry as a whole. For one thing, WOMIO isn’t limited to one blockchain: it allows anyone to launch a coin on the chain of their choice. For another, the $WOMIO token has been cleverly engineered to incentivize users to hold and stake it.
Making Memecoins Great Again
In crypto’s early days, memecoins were few and they were dismissed as little more than a frivolous sector with no real value. DOGE was the original memecoin and for a long time the only serious asset designed for fun first and foremost. Then the likes of SHIB and FLOKI emerged and as they made early adopters major profits, entrepreneurs began taking a closer look at a sector they’d formerly faded.
During the DeFi summer of 2020, as Uniswap drove an upswell in DEX trading, “food coins” and dogcoins began to proliferate, often tied to yield farming platforms offering eye-watering APYs. The trickle of memecoins became a flood. Then the 2023-24 bull market kicked off and that flood became a torrent. Today, memecoins are no longer a niche crypto sector. For better or worse, they are crypto, accounting for the bulk of all trading on most L1 and L2 chains.
Which brings us back to WOMIO. Its founders have endeavored to create a platform that will do more than simply churn out memecoins around the clock. They hope to encourage creators to focus on releasing tokens that have genuine utility and that leverage the strength of the WOMIO community. According to founder Paul Theobald, “WOMIO is here to change the way people see memecoins. We’re combining the viral energy of memes with real-world utility, setting a new standard in the industry.”
One Platform to Rule Them All
One of the problems with the memecoin sector, and indeed with the multichain landscape in general, is fragmentation. Opportunities lie scattered across numerous L1 and L2 chains and so does liquidity. While WOMIO can’t fix all of these problems, its creators believe that they can at least encourage creators to explore the possibilities afforded by numerous chains and to select the network that is best suited to their needs. At the same time, the WOMIO platform will serve as a universal portal that communities from different blockchains can utilize.
At the heart of this vision is $WOMIO, a memecoin that comes with multiple use cases built in. Staking the token will reward holders with a portion of all memecoins released on the platform. 1.25% fee of the total supply of the new token is collected and distributed to stakers. In return, projects will be able to leverage WOMIO’s community to market their memecoins to a ready-made audience. Before that can happen, there’s the $WOMIO presale to complete, after which a new era for sustainable memecoin creation can commence.
