Meme.com is preparing to launch its initial DEX offering (IDO) on Polkastarter, a decentralized crowdfunding platform.
Polkastarter will be the subject of an IDO by Meme.com
Meme.com is precisely what Wikipedia and Dogecoin would be if they had a kid, plus a lot more
Meme.com, the home of meme marketplaces and trend discovery, just announced the IDO of its $MEM token on Polkastarter in a press release. Polkastarter, for the uninitiated, allows projects to raise cash in a decentralized and interoperable manner.
These criteria are critical for the successful launch of the $MEM coin, making Polkastarter the appropriate fundraising platform.
Meme.com, in particular, leverages currency and entertainment to assess the worth of online material. Outlier Ventures, Digital Finance Group, Morningstar, Blockhype, Spark Digital Capital, and other blockchain-based venture capital groups have invested $5 million in the initiative.
In addition, angel investors such as Gabby Dizon, CEO of Altitude Games, and Sandeep Nailwal, Co-founder of Polygon, contributed to Meme.com’s growth. The specifics of the IDO are expected to be released soon.
Venture DAO commented on the development, saying:
“We are proud investors in Meme.com. We are bullish on meme markets, and the project stood out because they are an early NFT project with forward and long-term thinking founders. We look forward to supporting Meme.com and what’s to come!”
The $MEM Token’s Functions
The $MEM coin has several uses in the Meme.com ecosystem.
Users may use $MEM to buy mTokens on the meme markets, create and upgrade Marble cards, pay platform expenses like content submissions, stake their tokens for high returns, and participate in platform governance.
Users may stay updated on the newest information about how to engage in the IDO by following Meme.com social handles, such as Telegram and Twitter.