Altcoin Spotlight: Memecore ($M)
Here at MintDice.com, we are committed to customer education when it comes to cryptocurrency. The reality is, there are so many projects out there that it’s impossible to know them by heart. As such, we designed our altcoin spotlight, short write-ups you can reference with questions for all cryptocurrencies that touch the top 60 on CoinMarketCap.com.
Memecore is a layer 1 blockchain designed for hosting new memecoins. Read on to learn everything you need to know about this altcoin.
What is Memecore?
The easiest way to think of Memecore is that it’s like Ethereum, but for memecoins. It’s an innovative layer one blockchain, providing tools that developers can use to create their own memecoins.
It was designed to help memecoins transform from mere hype-based tokens into blockchains that can grow and benefit in the long term. This is accomplished by backing any memecoin created on the platform with a robust economic system. This intention is to increase longevity and usability in the memecoin space.
Memecore is also EVM compatible, making it easy for developers to move their projects from Ethereum to Memecore.
How Does Memecore Work?
Memecore was built on a unique consensus mechanism known as proof-of-meme or POM. This consensus mechanism merges POS (Proof of Stake) with POA (Proof of Authority).
Individuals using the Memecore blockchain pay for the services in $M, the native token. This cost is then split among the validators and stakers, with the validators chosen to validate via the POA consensus mechanism. Not only do users make money by staking, but they can also garner an income in exchange for their contributions to the platform.
Examples of contribution on the Memecore platform go far beyond most blockchains, with those who engage in social interaction on the website also receiving rewards for their contributions. Those who create content for the blockchain are also rewarded, similar to a social media platform.
Memecore has its own token standard, known as MRC-20(compatible with ERC-20). Each time a new memecoin is made, it’s added to a vault, so all contributions to the memecoin can be tracked and recorded. Once a vault is recorded, its growth is tracked. If it grows large enough, it becomes eligible for grants, which are funded via transaction fees. In fact, 10% of all transaction fees are added to this pool, eligible to be doled out to vaults on a rotating basis to reward those who contribute and boost certain projects.
Like most blockchains, Memecore is open-source, and the code can be viewed on GitHub.
What is $M Crypto?
$M is the symbol used to represent the native Memecore token on exchanges. The $M token is how transactions are processed on the blockchain.
The team behind Memecore is very open about the $M allocation. Currently, 58% of the available tokens are held by the community, with the foundation retaining 15%. The core contributor in the project retains 13%, and early investors split 12%. The remaining 2% of tokens is maintained in the treasury.
Who Created Memecore?
Memecore launched on July 3rd, 2025, and was founded by Jun Ahn, who is also the current CEO. Ahn has been a long-term participant in the cryptocurrency world, working at Ledger and Chains.Asia, before working on Memecore.
He works alongside Cherry Hsu, and the pair received a lot of early interest from venture capitalists. To date, they are supported by IBC Group, Waterdrip Capital, AC Capital, Catcher VC, K300 Ventures, Wagmi Ventures, and Click Capital.
Should You Buy Memecore?
Here at MintDice, it’s no secret that we are especially critical of memecoins. Memecoins rely on virality or hype to grow, and this is generally unsustainable. This also makes memecoins unpredictable and causes bubbles when memecoins balloon without a firm backing.
That being said, Memecore is a decent project, as it addresses this failure of memecoins and attempts to better monetize and govern the actions of memecoins. If you want to invest in memecoins but are worried about their unpredictability, then Memecore is definitely a good investment consideration.
However, we are always wary of new projects that have yet to prove themselves. Memecore just launched a little over six months ago, and we are unsure if they will be able to withstand the volatile nature of memecoin training long-term. Still, it is a reasonable plan and we like that the CEO is transparent and still working with the project—something you don’t typically see in the memecoin world.
So, while we don’t ever recommend diving into the memecoin world, especially as a new investor, if you want to involve yourself in memecoins while limiting your risk exposure, Memecore is definitely a good option for you. Before you invest, however, ensure you take your own time researching so you can understand whether an investment in Memecore will be a good use of your time and money.
As a developer, we see no issue with using Memecore to build your memecoin token.
Where Can You Buy Memecore?
Memecore is available for purchase on many centralized and decentralized exchanges. Below are some of the centralized exchanges where you can buy Memecore:
· Binance Alpha
· Bitget
· Kraken
· Gate.io
· HTX
· MEXC
· BingX
· Hashkey
· BitMart
You can also find Memecore on decentralized exchanges like Uniswap and Sushiswap, but availability may vary. Additionally, while this is a longer list, Memecore is currently growing and may be available on other exchanges not listed here.
As far as memecoin projects go as a whole, Memecore is definitely one of the better ones. While we still think it has a lot of growing to do (and we aren’t sure if we want to be around for the growing pains), we do think it’s worth consideration if you are already involved in memecoins. We also think it is a decent development platform for those looking to create their own memecoins. Just proceed with caution and remember that diversity in investing is key—no matter what you decide to invest in.
