MEME WORLD - Technical Document V 1.0
Summary
MEME WORLD is an innovative token that empowers creators to produce, share, and preserve memes on the Solana blockchain. Our platform will allow users to use the MEME WORLD token to create, submit, and vote on memes, as well as participate in global competitions. By utilizing IPFS for decentralized storage and PDAs (Program Derived Accounts) for secure wallet connections, MEME WORLD seeks to revolutionize meme culture by providing creators with a fair and transparent system to compete and reward creativity.
Introduction
Vision and Cultural Impact
Originally online visual jokes, memes have evolved into an important communication medium with global cultural impact. However, traditional platforms do not ensure copyright and fair remuneration for creators. MEME WORLD aims to create a comprehensive ecosystem that fosters creativity, rewards talent, and ensures ownership. By using blockchain technology, we aim to revolutionize how memes are created, shared, and monetized.
Key Features
- Secure Meme Creation and Storage: Secure meme creation with transparent storage on the IPFS network, ensuring authenticity and integrity.
- Competitions: Submit memes to global competitions held every four months to compete for recognition and rewards.
- Voting and Donations: Each published meme will have a dedicated page on the platform, allowing MEME WORLD token holders to vote or donate directly to the creator.
- Ownership Security: Ownership is permanently linked to the creator's wallet using PDAs, ensuring proper ownership.
Token Economy
- Creating Memes:Pay a nominal fee to publish new memes on the MEME WORLD platform. These fees are accumulated until the next championship and added to the competition prize.
- Competition Registration:All memes on the platform can participate in the competition, but there will be a registration fee for each meme entered. These fees are also accumulated and added to the competition prize.
- Voting:Vote for memes submitted to the competitions using MEME WORLD tokens. There will be a small voting fee, smaller than the registration fee. These fees are also accumulated and added to the competition prize.
Competition System
The MEME WORLD platform will host a global meme competition every four months, lasting one month. During each competition:
- Entry Fee:All memes on the platform can participate, but a fee in MEME WORLD COIN tokens is required for each entry.
- Voting:Token holders will vote to determine the winners, paying a small fee in MEME WORLD COIN to vote. The most voted memes win.
We are still defining all competition rules and will consult the community for adjustments. Some of these definitions include:
- The number of memes to be awarded.
- The percentage of prize allocation for each competition position.
We are also studying ways to reward token holders who vote on memes, encouraging active community participation and recognizing their engagement.
Reward Distribution
Most of the collected entry fees will be allocated to the competition prize, providing substantial rewards for the winners.
Governance and Financial Sustainability
- Token Governance:Development decisions will be community-driven.
- Financial Model:Financial Model: Fees will be reinvested for project growth.
Competitive Analysis
Platforms that offer rewards for content have been analyzed. Our differentiation lies in community-driven governance, transparent financial incentives, and fair competition.
Use Cases
- Independent Creator: Publish memes, participate in competitions, and earn votes.
- Meme Enthusiast: Vote for the best memes and earn incentives.
Technologies
- IPFS:Decentralized storage to prevent data tampering.
- PDAs (Program Derived Accounts):Securely link wallet ownership to meme creation.
- Solana Blockchain:High-speed transactions and low fees.
Future Technologies
MEME WORLD is developing additional innovative tools that will be revealed at the official launch.
Interface and User Experience
The platform will feature an intuitive interface for creators and enthusiasts.
Environmental Impact and Sustainability
Optimized code and an energy-efficient blockchain will minimize environmental impact.
Roadmap
- Q2 2024:Start of platform development focusing on core features, security, and blockchain integration with Solana.
- Q3 2024:Beta testing, including security auditing, user experience optimization, and community feedback collection for improvements.
- Q4 2024:Official platform launch, including full features for meme creation, voting, and the first global competition.
- Q1 2025:Establishment of strategic partnerships to expand reach, introduction of user interface improvements, optimizations based on launch feedback, and development of new innovative features.
Tokenomics
The MEME WORLD economy is designed to sustain and drive the ecosystem's growth, maintaining a balance between supply and demand. The following strategies are crucial to ensure the project's long-term viability:
- The MEME WORLD economy is designed to sustain and drive the ecosystem's growth, maintaining a balance between supply and demand. The following strategies are crucial to ensure the project's long-term viability:
- 80% for Liquidity: Essential to maintain token stability in the market and facilitate quick and efficient transactions.
- 7% for Farming, Staking, and NFTs: These incentives are designed to engage and retain users, promoting active participation on the platform.
- 5% for Marketing: Strategic investments in marketing campaigns and partnerships to increase token adoption and attract a global user base.
- 8% for the Team: all of the tokens are reserved until the platform's launch, ensuring that the team remains focused on continuous development.
Conclusion
MEME WORLD aims to transform the meme ecosystem by offering a transparent and rewarding platform for creators and enthusiasts. The MEME WORLD token will drive creativity and competitions, creating a fair and decentralized environment that celebrates meme art with Solana blockchain technology.