MemeCore

MemeCore is a Layer 1 blockchain platform designed to advance the meme coin sector, a concept it terms "Meme 2.0". Founded in 2024 by CEO Jun Ahn, the Singapore-based startup aims to transition meme coins from speculative assets into long-term cultural and economic forces. Ahn, who previously founded the investment network 0xLootBox and held roles at Ledger, leads the company with co-founders including an individual known as 'Ice'. The leadership team also includes Chief Business Development Officer Cherry Hsu, a game developer with a background in IT marketing.

The company's core technology is a proprietary consensus mechanism called Proof of Meme (PoM). This system is an Ethereum Virtual Machine (EVM) compatible framework that evaluates and rewards meme coin projects based on on-chain activity and community engagement metrics, such as virality, rather than just speculation. It integrates aspects of Proof of Stake (PoS) and Proof of Authority (PoA) and allows users to stake meme coins to secure the network and earn rewards. Each new token issued on MemeCore's MRC-20 standard has an associated "Meme Vault," a smart contract that tracks community activity and distributes rewards.

MemeCore generates revenue and incentivizes its ecosystem through its native token, $M, which is used for gas fees, staking, and governance. The platform also features MemeX, a SocialFi launchpad that allows users to create meme coins without coding. To foster growth, MemeCore established a multi-million dollar ecosystem fund to provide grants and support for projects in areas like SocialFi and DeFi. The company has received strategic investments from venture capital firms including Presto Labs, Klein Labs, IBC Group, and Waterdrip Capital.

Keywords: Layer 1 blockchain, Meme 2.0, Proof of Meme, PoM, EVM compatible, viral economy, MRC-20 tokens, Meme Vault, Jun Ahn, SocialFi, dApps, meme coin infrastructure, crypto, Web3, decentralized applications, tokenomics, blockchain gaming, digital assets, on-chain rewards, community-driven