what is MemeCore? MemeCore (M) is an EVM-compatible Layer 1 blockchain designed for “Meme 2.0,” a model that aims to turn meme coins into longer-term community, creator, and economic networks. Its native token, M, pays transaction fees, supports staking and governance, and provides rewards across the ecosystem.
Core technology and blockchain architecture
MemeCore runs its own mainnet using gmeme, a customized Go-Ethereum client. Because the network is EVM-compatible, Ethereum-based developers can generally migrate smart contracts and tools with limited changes. The architecture includes the MRC-20 token standard, Meme Vaults for tracking eligible meme-token activity, and delegation systems for M and approved meme tokens.
The project’s broader Proof of Meme framework is designed to measure participation beyond simple transfers. Documented activity includes staking, trading, liquidity, content creation, transactions, and community engagement. MemeCore’s ecosystem includes launchpads, decentralized finance, SocialFi, gaming, wallets, bridges, analytics, and perpetual trading applications.
Consensus mechanism and network security model
Proof of Meme, or PoM, is MemeCore’s consensus and incentive model. Current block production uses a Proof-of-Authority-style algorithm similar to Ethereum’s Clique. The top seven active validators by staking rankings produce blocks, while the validator set is refreshed every 10 blocks, or approximately every 70 seconds.
A validator candidate must stake at least 7,000,000 M, and the initial validator list can contain up to 100 candidates. Double-signing, downtime, and inadequate block production can trigger slashing, which may remove part of a validator’s staked M and exclude it from the next validation round.
The current protocol mints 30 M per block and sends the reward to a reward contract. One documented reward example assigns 75% to M stakers, 24% to meme-token delegators, and 1% to the block producer. MemeCore also describes a Viral Grants Reserve and meme-token reserves, although some eligibility rules and reward formulas remain subject to governance and development.
Primary uses and applications
M is used for gas, meme-token creation, Meme Vault operations, validator staking, delegation, governance, and ecosystem incentives. The MRC-20 system allows projects to issue meme assets, while Meme Vaults connect eligible launches with staking, vesting, and reward distribution.
The listed ecosystem includes MemeX, a SocialFi and launchpad platform; PUPA, a no-code token generator; Everyswap, a Uniswap V3-style decentralized exchange; MemeMax, a perpetual trading platform; MeCo Wallet; and MemeCoreScan. The network also lists D-PUMP, MemePack, Meson Finance, Alchemy Pay, and SQD as applications or infrastructure integrations.
Who is behind MemeCore and where is it based?
Public profiles identify Jun Ahn, also known as Jun, as MemeCore’s CEO and identify MeCo_ICE as a co-founder. RootData and other company-profile sources list Cherry Hsu as chief business development officer and Rudy Rong as chief growth officer. Public sources do not provide a complete list of founders, core protocol developers, or engineers.
MemeCore is reported as Singapore-based, with its headquarters listed in Singapore. The project’s public history reaches back to 2024, while its official repository was created on 3 December 2024. A mainnet announcement followed on 13 February 2025, and independent technical records identify 12 February 2025 as the mainnet genesis date.
The project uses the name MemeCore Foundation in public materials, but the foundation’s registration details, registered address, head office, and incorporation jurisdiction are not publicly confirmed in the available sources. The team is therefore only partially identified, and Singapore should be treated as the reported operating base rather than confirmed legal domicile.
Tokenomics and market data
MemeCore’s initial token generation supply was 5,000,000,000 M, with a stated maximum supply of 10,000,000,000 M and 18 decimals. The initial allocation was 58% for the community, 15% for the foundation, 13% for core contributors, 12% for investors, and 2% for the Meme Treasury.
CoinStats reports a circulating supply of 2,283,206,861 M and a total supply of 5,422,196,607 M. The current price is $0.9878, with a 24h change of -5.65%. Market capitalization is $2.26B (rank #62), and 24h volume is $1.75M. The all-time high is $5.64, the current price is 82.49% below it.
The continuing 30 M-per-block issuance gives M an inflationary component until the stated maximum supply is reached. MemeCore documentation also says that a portion of gas fees may be burned, while staking locks and vesting can reduce immediately available supply. No fixed burn rate or guaranteed net-deflation rate is established.
Partnerships, development, and competitive position
MemeCore’s reported integrations include NEO for cross-chain development, Meson Finance for bridging, DWF Labs, PrestoLabs, Waterdrip Capital, AC Capital, IBC Ventures, Kaito, and Alchemy Pay. Its website lists access through Binance Alpha, Bitget, and Kraken, while a July 2025 announcement also referenced BingX, HTX, and HashKey.
Development activity includes the public Go-MemeCore repository, RewardTree, GasTree, Cancun and Prague-related upgrades, EIP-7702 account abstraction, EIP-4844-related functionality, and preparations for future Layer 2 integrations. The principal differentiator is specialization in meme-token infrastructure, combining native issuance, community incentives, dual-token rewards, and cultural participation. Its main limitations are validator concentration, since seven validators produce blocks at a time, and reliance on governance, whitelists, oracles, and evolving criteria for the broader Proof of Meme system.