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MemeCore Foundation is thrilled to announce a significant investment of $7 million in the groundbreaking Web3 social media platform, MemeX. This strategic investment underscores MemeCore's commitment to expanding its ecosystem and reinforcing its position as a leader in the blockchain and meme coin communities.
MemeX- Built by a team of former Twitter employees
MemeX is a revolutionary social platform designed to offer users a diverse and engaging experience with blockchain technology. It allows users to interact in innovative ways, such as donating tokens to streamers and participating in community airdrops.
The platform is built on the principles of decentralization and creator empowerment, driven by a team of former Twitter employees who joined forces after Elon Musk's mass layoffs at the social media giant, X. These industry veterans have leveraged their expertise to create a Web3-native platform that pushes the boundaries of what social media can achieve.
Key Features of MemeX
MemeX introduces a unique tokenized membership model, requiring users to hold blockchain-based tokens to register on the platform. This model not only enhances security but also fosters a sense of ownership among users. The platform enables users to donate tokens while watching live broadcasts or reading content from Web3 influencers and creators. Once donations reach a specified target, the tokens are automatically deposited into a liquidity pool, creating a self-sustaining community economy.
Anndy Lian, Managing Director of the LIFT Eco-fund, stated: "MemeX is designed to seamlessly bridge the gap between Web2 and Web3 users by offering an experience that is both familiar and innovative. Our goal is to expand the MemeCore ecosystem and solidify its reputation as the ultimate playground for memes. By making Web3 accessible and intuitive, MemeX is set to captivate a wide audience and cultivate a thriving community. We are delighted to invest in this venture to enhance our presence in the digital landscape."
Additional features such as leaderboards, referral bonuses, and community airdrops make MemeX a dynamic environment for Web3 influencers, streamers, creators, and viewers alike. These features are designed to enhance user engagement and provide a rewarding experience for all participants.
MemeCore LIFT Eco-fund Builds Ecosystem
The MemeCore LIFT Eco-fund is established to integrate DApps and meme-oriented infrastructure with innovation and promising potential. With a total fund amount of $10 million, the LIFT Eco-fund aims to foster innovation in the blockchain scene and expand the MemeCore ecosystem by onboarding promising projects onto the MemeCore mainnet.
Projects supported by the LIFT Eco-fund gain exposure to over 300,000 users through MemeCore community channels and 800,000 users in its Telegram game. Builders can expect reasonable funding support from MemeCore, as well as consulting from various connections within the MemeCore network. This support is designed to help projects thrive and contribute to the growth of the MemeCore ecosystem.
The $7 million investment in MemeX marks a significant milestone for MemeCore as it continues to expand its influence in the blockchain and social media landscapes. By leveraging the power of Web3 technology, MemeX is set to redefine the social media experience, offering users a platform that is both engaging and rewarding. As MemeCore continues to innovate and grow, it remains dedicated to its mission of creating a decentralized, memeable space that benefits the entire meme coin community.
For further inquiries or to learn more about how MemeCore and MemeX are shaping the future of social media and blockchain technology, please visit www.memecore.org for more information.
About MemeCore
MemeCore is an EVM based L1 multi-chain cross-staking blockchain secured by Proof of Meme (PoM) consensus mechanism. Designed for meme coins, it aims to support and unite meme communities within the blockchain ecosystem.
Its mission is to foster a memeable space that encourages creativity, inclusiveness, and innovation. By promoting a decentralized future, they ensure security and provides engaging services that resonate with meme coin enthusiasts worldwide.
Contact Info:
Name: Josh Kwon, Marketing Specialist
Email: Send Email
Organization: MemeCore Foundation
Website: https://memecore.org
Disclaimer:
This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed.
You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence.
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