Memecoin (MEME) Whitepaper

Date of Notification

The Date of Notification of this Crypto-Asset White Paper is November 20, 2025. This document serves as the official disclosure for the MEME token, providing comprehensive information about the crypto-asset, its underlying technology, associated risks, and the entities involved in its issuance and trading.

Official Statements

This Crypto-Asset White Paper has not been approved by any Competent Authority in any Member State of the European Union. The issuing entity is solely responsible for the content of this document. The whitepaper complies with Title II of the Regulation (EU) 2023/1114, commonly known as the Markets in Crypto-Assets (MiCA) Regulation.

It is important to note that this whitepaper provides clear disclosure that MEME tokens may not be transferable, liquid, or may lose value partially or entirely. The crypto-asset referred to in this document is not covered by investor compensation schemes under Directive 97/9/EC or deposit guarantee schemes under Directive 2014/49/EU, meaning holders have no regulatory protection in case of loss.

Important Warning

The MEME token is an ERC-20 token deployed on the Ethereum blockchain with a fixed total supply of sixty-nine billion (69,000,000,000) tokens. It serves as the native token of Memeland, a web3 venture studio created by the social media platform 9GAG, which has millions of users worldwide.

The token is explicitly described by its creators as a memecoin with no inherent functions, utility, intrinsic value, or expectation of financial return. This classification is critical for potential holders to understand: MEME is designed purely for entertainment and community engagement purposes, without any promise of profit or functional utility in decentralized applications.

This whitepaper is published solely in connection with the admission to trading of the MEME token on a European licensed trading platform, providing transparency and regulatory compliance for the listing process.

Risk Information Overview

Offer-Related Risks

Potential holders should be aware of several risks related to the trading platform and offer process. Service-related interruptions may occur due to technical issues, maintenance, or unforeseen circumstances, potentially preventing access to trading services. Jurisdictional limitations may restrict access to the platform from certain countries or regions due to regulatory requirements.

Platform reliance creates dependency on the trading platform's infrastructure, security measures, and operational continuity. Limited liability clauses in the terms of service may restrict the platform's responsibility for losses. Additionally, unexpected risks may emerge from technological changes, regulatory updates, or market developments that cannot be fully anticipated at the time of this whitepaper's publication.

Issuer-Related Risks

The issuer faces various operational risks including management challenges, resource allocation issues, and execution difficulties in maintaining the project. Counterparty risks arise from dependencies on third-party service providers, technology partners, and business relationships that may fail to perform as expected.

Reputational risks can significantly impact the project's success, as negative publicity or community sentiment may affect token value and adoption. Competition risk is substantial in the crowded memecoin market, where numerous similar projects compete for attention and liquidity.

Regulatory risks remain significant as crypto-asset regulations continue to evolve globally. Changes in regulatory frameworks may impose new compliance requirements or restrict certain activities. Disclosure risks relate to the potential for incomplete or inaccurate information despite best efforts. Key person risk exists due to dependence on core team members whose departure could affect project continuity.

Crypto-Asset-Related Risks

Market volatility is inherent to all crypto-assets, with MEME tokens potentially experiencing significant price fluctuations within short timeframes. The memecoin nature of MEME amplifies this volatility as prices are driven primarily by community sentiment and social media trends rather than fundamental value.

Utility risk is particularly relevant for MEME, as the token has no designed utility or functional purpose within applications or platforms. Smart contract risk exists despite auditing efforts, as vulnerabilities or bugs in the token's code could be exploited. Liquidity risk may arise if trading volumes decline, making it difficult to buy or sell tokens without significant price impact.

The explicit lack of utility risk is a defining characteristic of MEME - the token does not grant governance rights, revenue sharing, access to services, or any other functional benefits, making it purely speculative in nature.

Project Implementation-Related Risks

Scalability issues may emerge as the project grows, potentially affecting the ability to handle increased transaction volumes or user activity. Governance risk exists in the decision-making processes for project development, as there is no formal decentralized governance mechanism for MEME token holders.

Centralization risk is present in the project structure, as key decisions and operations are controlled by the core team rather than distributed among token holders. This centralized control may lead to decisions that do not align with broader community interests.

Technology-Related Risks

Blockchain performance risk relates to Ethereum's network capacity, transaction speed, and fee fluctuations. During periods of high network congestion, transaction costs may become prohibitively expensive, affecting the practical usability of MEME tokens.

Consensus failure risk, while low on Ethereum's mature network, could theoretically occur if the Proof-of-Stake mechanism experiences critical issues. Smart contract vulnerabilities remain a concern despite professional audits, as complex code may contain undiscovered bugs or exploitable logic flaws.

Upgradeability risk exists if the smart contract cannot be modified to address discovered issues or adapt to changing requirements. Third-party infrastructure dependency creates reliance on services like blockchain explorers, wallet providers, and indexing protocols that are outside the project's control.

Interoperability risk may arise when attempting to integrate MEME tokens with other blockchain networks or decentralized applications. Protocol-level risk encompasses potential issues with Ethereum's base layer that could affect all tokens built on the network. Emerging technology risk acknowledges that blockchain technology continues to evolve, and future developments may render current implementations obsolete or insecure.

Mitigation Measures

Various mitigation strategies have been implemented to address identified risks. Ethereum's Proof-of-Stake consensus mechanism provides robust security through validator incentives and slashing penalties that discourage malicious behavior. Validators must stake significant amounts of ETH, creating financial disincentives for attacking the network.

The use of open source code allows for community review and transparency, enabling security researchers to identify and report potential vulnerabilities. Independent audits by reputable firms like SlowMist provide professional security assessments of the smart contract code.

Standardized libraries and well-tested ERC-20 implementation reduce the risk of common coding errors. Decentralized indexing protocols ensure data availability and reduce single points of failure. Audited bridges and cross-chain solutions undergo security reviews before integration. Ongoing quantum-resistant research in the Ethereum ecosystem prepares for potential future threats from quantum computing advances.

General Information

Information About the Issuer

The issuer of MEME tokens is Glorious Meme Inc, an incorporated entity registered in the British Virgin Islands. The company's registered office is located at Portcullis Chambers, 4th Floor, Ellen Skelton Building, 3076 Sir Francis Drake Highway, Road Town, Tortola, British Virgin Islands, VG1110. The Legal Entity Number is 2127192.

The business activity of Glorious Meme Inc focuses on owning and operating the Memecoin project and its associated digital assets. This includes managing the official project website, establishing and maintaining legal Terms of Service, and overseeing the technical infrastructure supporting the MEME token ecosystem. The company serves as the central coordinating entity for project development and community engagement initiatives.

Information About the Trading Platform

The trading platform facilitating MEME token trading is operated by a European entity licensed as a Crypto-Asset Service Provider by the Malta Financial Services Authority. This platform operates in accordance with Regulation (EU) 2023/1114 (MiCA), ensuring compliance with the latest European crypto-asset regulatory framework.

The platform's Legal Entity Identifier is 54930069NLWEIGLHXU42, and it is registered as a Private Limited Company in Malta. The registered office is located at Piazzetta Business Plaza, Office Number 4, Floor 2, Triq Ghar il-Lembi, Sliema, SLM1562, Malta. The date of registration is September 7, 2018, with Legal Entity Registration Number C 88193.

As a licensed Crypto-Asset Service Provider, the platform operates a Trading Platform for Crypto Assets, providing secure infrastructure for token trading, custody services, and compliance with anti-money laundering and know-your-customer requirements.

Information About the Crypto-Asset

The Memeland Project

Memeland is a web3 venture studio created by 9GAG, one of the world's largest social media platforms known for meme content and viral entertainment. The project focuses on SocialFi (Social Finance) and the creator economy, aiming to bridge traditional social media engagement with blockchain-based ownership and rewards.

The project's core vision is to connect creators and communities by leveraging NFTs (Non-Fungible Tokens), fungible tokens like MEME, and other digital products. This approach allows content creators to monetize their work directly while building engaged communities that share in the value creation process.

Key persons involved in the project include Ray Chan and Karen Cheng, who serve as Co-founders at 9GAG and bring extensive experience in social media platform development and community management. Glorious Meme Inc acts as the Core Contributor and Issuer, handling technical implementation and legal compliance.

Initial Token Allocation

The initial distribution of MEME tokens was structured to balance ecosystem development, community rewards, and stakeholder incentives. The largest allocation of 30.00% was designated for ecosystem development, funding ongoing project initiatives, partnerships, and platform improvements.

Airdrop allocations totaling 25.00% were distributed to early community members and NFT holders, rewarding early supporters and building initial distribution. Contributors received 17.00% of tokens in recognition of their development efforts and ongoing commitment to the project.

Investors participating in private sales and fire sales collectively received 12.00% of the token supply, providing early funding for project development. Community participants in the fire sale received 11.00%, offering public access to tokens before exchange listings.

Advisory allocations of 3.00% compensate strategic advisors providing guidance on project development, marketing, and business strategy. A 2.00% allocation was designated for a major exchange launchpool program, providing liquidity and visibility during the initial listing period.

Offer to the Public Details

The admission to trading for MEME tokens commenced on February 11, 2025, marking the official availability of the token on licensed trading platforms. The total supply is fixed at 69,000,000,000 tokens, with no mechanism for minting additional tokens or reducing the supply through burning.

The primary trading platform supports various payment methods in line with its current offering, typically including cryptocurrency pairs and potentially fiat currency options depending on regulatory approval and user jurisdiction. The applicable law governing the token offering and trading is Maltese law, with the competent court being Malta's judicial system.

This structure provides legal clarity for dispute resolution and regulatory compliance, ensuring that token trading operates within a defined legal framework consistent with European Union regulations.

Token Functionality and Characteristics

The MEME token is explicitly classified as a memecoin with no inherent utility or functional purpose within applications or protocols. Created primarily for entertainment purposes and community engagement, the token holds no promise of financial return, governance rights, or access to services.

Despite the lack of designed utility, the project has implemented "Stakeland," a platform where users can stake MEME tokens to earn rewards. This mechanism provides an optional engagement activity for token holders, though it does not constitute fundamental utility in the traditional sense of utility tokens.

MEME is a fungible ERC-20 token, meaning all tokens are identical and interchangeable. The fixed total supply of 69 billion tokens ensures no inflationary pressure from new token creation. Importantly, MEME tokens do not confer ownership rights in any entity, profit-sharing arrangements, or governance participation in project decisions.

The Digital Token Identifier Code is CX0WF9HMH, providing a unique reference for regulatory and compliance purposes. The Home Member State is Malta, while Host Member States include all EU Member States plus Liechtenstein and Norway, reflecting the broad regulatory recognition under MiCA.

Rights and Obligations

Token purchasers should understand that no obligations attach to holding MEME tokens. Unlike equity securities or debt instruments, there are no requirements for token holders to take any actions, make additional payments, or fulfill ongoing responsibilities.

Conversely, MEME tokens do not grant purchasers any rights typically associated with investment securities. Holders have no governance participation rights, meaning they cannot vote on project decisions or influence development direction. There are no claims on assets of the issuing entity, no entitlement to dividends or profit distributions, and no legal recourse for project performance.

The token is explicitly not classified as a utility token under regulatory definitions, as it provides no access to services, products, or platform functionality. Token value is not protected by any schemes, insurance, or guarantees. Compensation schemes do not apply to MEME token holders, meaning there is no regulatory protection in case of loss, theft, or platform failure.

The applicable law governing these rights and obligations is Maltese law, providing legal certainty for the interpretation of holder status and limitations.

Underlying Technology

MEME tokens are built on the Ethereum blockchain, one of the most established and widely-used smart contract platforms in the crypto ecosystem. Ethereum provides robust security through its large validator network and mature infrastructure, supporting thousands of decentralized applications and tokens.

The token implements the ERC-20 standard, which is the widely adopted technical specification for fungible tokens on Ethereum. This standard defines a common interface for token issuance, transfers between addresses, balance queries, and third-party integrations with wallets and exchanges. The standardization ensures compatibility with existing Ethereum infrastructure and reduces implementation risks.

Ethereum's consensus mechanism is Proof-of-Stake (PoS), where validators are selected to propose and attest blocks based on staked ETH rather than computational mining power. Validators must stake at least 32 ETH to participate, creating economic security through the risk of stake slashing for malicious behavior. New blocks are proposed approximately every 12 seconds, with transaction finalization occurring after roughly 12.8 minutes.

The MEME token smart contract underwent a professional security audit conducted by SlowMist in October 2023. The audit identified minor issues, which were acknowledged and addressed by the development team. While audits significantly reduce security risks, they cannot guarantee complete absence of vulnerabilities, and users should understand that smart contract risk remains.

Principal Adverse Impacts

The environmental impact of MEME tokens is directly tied to Ethereum's Proof-of-Stake consensus mechanism, which replaced the energy-intensive Proof-of-Work mining system in September 2022. The PoS mechanism dramatically reduced Ethereum's energy consumption by eliminating the need for computational mining.

Under Proof-of-Stake, validators must stake at least 32 ETH to participate in block production and validation. New blocks are proposed every 12 seconds, with finalization occurring after approximately 12.8 minutes through a voting process among validators. This system provides strong security guarantees while consuming a fraction of the energy required by mining-based systems.

The estimated annual energy consumption attributable to MEME token transactions is 493.22912 kWh, covering the reporting period from September 30, 2024, to September 30, 2025. This relatively low energy footprint reflects Ethereum's efficient PoS mechanism and the token's proportional share of network resources.

For context, this energy consumption is comparable to the annual electricity usage of a small household, representing a minimal environmental impact compared to traditional financial systems or older blockchain networks using Proof-of-Work consensus.

Key Terminology

Consensus Mechanism: The protocol by which network participants agree on the current state of the blockchain. Ethereum uses Proof-of-Stake, where validators stake cryptocurrency to earn the right to validate transactions and create new blocks.

Crypto-Asset: A digital representation of value or rights that can be transferred and stored electronically using distributed ledger technology or similar technology.

Distributed Ledger Technology (DLT): A database system spread across multiple locations or participants, where records are independently processed and verified by network nodes rather than a central authority.

Issuer: The legal entity responsible for creating and initially distributing the crypto-asset, in this case, Glorious Meme Inc.

Memecoin: A cryptocurrency created primarily for entertainment or social purposes, typically inspired by internet memes or cultural phenomena, with no inherent utility or functional purpose.

Offer to the Public: The communication to persons in any form and by any means, presenting sufficient information on the terms of the offer and the crypto-assets to be offered, so as to enable a prospective holder to decide whether to purchase those crypto-assets.

Proof-of-Stake (PoS): A consensus mechanism where validators are chosen to create new blocks based on the amount of cryptocurrency they have staked, rather than computational power.

Utility Token: A type of crypto-asset intended to provide digital access to a good or service, available on a distributed ledger technology. MEME is explicitly not classified as a utility token.

FAQ

What is Memecoin (MEME)? What are its core functions and objectives?

Memecoin (MEME) is a community-driven cryptocurrency token combining meme culture with blockchain technology. Its core function is enabling peer-to-peer transactions and community participation, while its objective is fostering an engaged ecosystem that merges entertainment with decentralized value creation.

What is the tokenomics model in Memecoin whitepaper? What is the total token supply and allocation scheme?

Memecoin features a deflationary tokenomics model with a total supply of 1 billion tokens. Allocation includes 40% community rewards, 30% liquidity pool, 20% team vesting over 2 years, and 10% ecosystem development fund.

How to acquire MEME tokens? What are the main trading markets and purchase methods?

MEME tokens can be obtained through decentralized exchanges (DEXs) like Uniswap and SushiSwap, or centralized platforms supporting the token. Users can swap other cryptocurrencies for MEME using Web3 wallets. Purchase methods include direct swaps, liquidity pools, and token staking rewards. Check official channels for verified trading pairs and current market liquidity.

What is the technical architecture and consensus mechanism of the Memecoin project?

Memecoin operates on a Proof-of-Stake consensus mechanism with optimized smart contracts deployed on Ethereum Layer 2 solutions, ensuring fast transaction settlement and reduced gas fees. The architecture features decentralized governance through community voting and automated liquidity pools.

What are the risks to be aware of when investing in Memecoin? How is the project's security?

Memecoin operates on secure blockchain technology with audited smart contracts. Like all crypto assets, price volatility exists due to market dynamics. We recommend conducting thorough research and investing only what you can afford to lose. Our protocol maintains robust security measures and continuous monitoring.

What are the differences and advantages of Memecoin compared to mainstream Memecoin projects like Dogecoin and Shiba Inu?

Memecoin offers superior transaction speed, lower fees, and innovative community governance mechanisms. Unlike Dogecoin and Shiba Inu, it features advanced smart contract capabilities and enhanced tokenomics designed for sustainable growth and value appreciation potential in the evolving Web3 ecosystem.

What are the application scenarios of Memecoin? What is the future development roadmap?

Memecoin powers community-driven transactions, rewards, and governance within decentralized platforms. Future roadmap includes Layer 2 scaling, cross-chain bridges, NFT integration, and DAO treasury expansion to enhance utility and ecosystem adoption.

How does Memecoin community governance work? What rights and obligations do token holders have?

Memecoin token holders participate in governance through voting mechanisms. Holders can vote on protocol proposals, development initiatives, and treasury allocation. Rights include voting power proportional to holdings and proposal submission. Obligations include active community participation and supporting ecosystem development for sustainable growth.