MemeCore And Proof Of Meme Consensus Mechanism Detailed Explanation

The Birth and Vision of MemeCore

MemeCore aims to transform meme coins from a temporary speculative phenomenon into long-term valuable assets, creating a sustainable new meme ecosystem through decentralized on-chain mechanisms and community participation.

Innovative Consensus Mechanism PoM

PoM differs from traditional PoS by not only considering the amount of stake by nodes but also evaluating content creation, transaction activity, and community participation. It rewards users who truly contribute to the ecosystem through comprehensive indicators, promoting the health and prosperity of the ecosystem.

Economic Incentives and Dual Rewards

The block reward allocates 99% to validators, including 75% to delegates staking $M and 24% to delegates staking meme coins; additionally, through the ERC-20 Vault linear release mechanism, user stickiness is further enhanced.

Differences and Competitive Advantages with Solana

Compared to Solana, which focuses on diverse applications, MemeCore focuses on the vertical track of meme coins. It aims to build a leading meme ecosystem by leveraging cross-chain resource integration and EVM compatibility, while cultivating community culture and brand building.

$M Token Functionality and Distribution Strategy

$M as the core token is responsible for transaction fee payments, consensus participation, and governance rights, with a total supply of 5 billion tokens. Token distribution benefits the community the most, ensuring decentralization and encouraging widespread participation.

Summary

MemeCore is dedicated to promoting meme coins towards a more mature and long-term valuable decentralized economy through its unique Consensus Mechanism and token economic design.