The foundation @MemeCore_ORG needs to thrive for @MemeX_MRC20 to do well, right?
So, let's take a look at what the foundation has been up to so far.
First of all, everyone is busy creating memes with Meme and Bubu, so there might not be time to pay attention, but that is indeed the right direction at the moment. MemeCore was created for memes, and it is working on building an L1 with the goal of meme sustainability. If we think about it, do memes really need an L1? That’s a valid question.
However, it’s true that memes have grown frighteningly strong when supported by a community. Just look at Doge, Pepe, and the various other memes like the dog in a hat. Even without utility, memes can grow if there is a community behind them.
They have done a lot of interesting things so far. Some of these have been completed, while others are still ongoing.
1. Secured investment
I don’t know how much they received (not disclosed), but they have completed fundraising from various VCs.
2. Bought $Trump and attended a Trump dinner
Justin Sun ranked first, and MemeCore ranked second, so they attended. They even received a watch. The dinner itself was brief as Trump left shortly after, but it did serve as a somewhat aggressive marketing move within the ecosystem.
3. Collaborated with Saakuru to raise $10M funding
To support blockchain gaming, they established a fund worth 14 billion KRW in collaboration with Saakuru.
4. Announced plans to acquire a Korean company
They are reportedly looking to buy a KOSDAQ-listed company to expand in Korea. It’s still unclear whether this is just a meme or if they are genuinely planning to make the purchase. How the combination of memes and KOSDAQ companies will help them enter the Korean market is still uncertain. The strategies and moves are fascinating yet difficult for a typical researcher to understand.
5. Dominated CT through Kaito
They have completely taken over the entire Kaito market, offering a monthly reward of 700K, making it the most muted keyword while attracting the most "retail investors" trying to climb the leaderboard.
Additionally, not only @MemeX_MRC20 but also the foundation @MemeCore_ORG is starting to show signs of creating a separate leaderboard, and there are mentions that rewards might be given in USD1, which is drawing even more attention.
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