It is expected to be launched in September! NFT project Memeland announces launch of memecoin blockchain Memenet

Today, the NFT project Memeland announced that it will build a blockchain network specifically for meme coins - Memenet, and will use its own native token MEME as fuel fee. It is expected to launch the test network in June this year and the main network in September.

Meme Chain: Memenet

Memeland, the NFT project of MVP, Captainz, and Potatoz, has been successfully launched and today announced that it will build a new blockchain network Memenet.

Memenet is expected to be a secure, low-cost, degen-friendly blockchain that is also convenient for users to build their own meme coins. Of course, fees will be paid for using the MEME token as the network’s native token and fuel.

Memenet has two main features: a dedicated chain for meme coins and a native revenue design on the chain.

Blockchain specially built for meme coins

The team stated that Memenet has clearly positioned itself: Memenet only does one thing, and that is to become the most suitable block for the ecological development of Meme coins. chain.

Memenet is a new blockchain technology that is compatible with the Ethereum Virtual Machine (EVM), allowing users to quickly and easily issue and trade tokens. At the same time, Memenet also provides the function that contract creators do not need to pay gas fees, as well as a lower threshold for participating in the meme ecology and other advantages. This makes Memenet a better alternative to Ethereum, while being closer to users and the meme ecological threshold, as well as having better meme ecological operating efficiency.

Network Native Revenue Mechanism

Memenet is expected to provide native revenue for ETH and stablecoins. This revenue comes from the Ethereum staking protocol and the trusted RWA protocol, which automatically transfers revenue back to Memenet’s users.

Similar to the design of Layer 2 networks such as Blast and Manta, it provides users with higher asset utilization on the network.

Memenet is expected to go online in September

Memenet is currently being developed within the team. It is expected to launch the test network in June and officially go online in September. As time goes by, measures related to network decentralization will be gradually implemented.

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