Cheems Token
Cheems Token (ticker: CHEEMS) is a meme-themed cryptocurrency inspired by the “Cheems” internet meme, which features the Shiba Inu dog Balltze and a distinctive meme dialect that often appends “-m” to words. The token is presented as a community-driven project that emphasizes free expression, an open meme culture, and creative experimentation in media and entertainment. [1]
Technology and Design
Public-facing descriptions present CHEEMS as a token deployed on Solana, which implies the use of Solana’s SPL token standard and the typical capabilities afforded by that standard. SPL tokens can be configured with authorities (such as mint or freeze authorities), and projects sometimes deploy features like token burns or renouncements of certain authorities as part of their lifecycle governance. CHEEMS materials mention large-scale token burns and reference a period when freezing capabilities were used as a precaution in response to a broader wallet security incident affecting parts of the Solana ecosystem; the team is described as later renouncing freeze authority. [1]
As a general concept, token burns permanently remove tokens from the transferrable supply, typically by sending them to an irrecoverable address or using programmatic burn functions. Freeze authorities, when present, allow a designated key to halt transfers for specified token accounts as a risk control, though such a feature also introduces custodial considerations until the authority is removed. CHEEMS communications reference both mechanisms in describing its token supply history and incident response posture, but users seeking to verify specific transactions and authorities would need to consult on-chain explorers and the token’s mint address. [1]
Tokenomics
The project’s tokenomics, as described in public materials and listings, state an original total supply of 7,000,000,000 CHEEMS at launch. Subsequent burns are reported to have removed 4,557,946,992.61 CHEEMS from circulation. Based on those figures, CHEEMS materials present a current total supply of approximately 2,442,053,007.39 CHEEMS, with around 2,389,036,004.95 CHEEMS circulating. The difference between reported total and circulating supply has been attributed to tokens that were frozen as a precaution during a Solana wallet security incident, with a later renouncement of freeze authority noted by the team. [1]
Some aggregator displays have shown differing live-data supply figures on the same listing page compared with narrative tokenomics sections, with one set of values approximating 2.55 billion total supply instead of the lower figure derived from the reported burn calculations. This creates a data-quality caveat: readers are encouraged to cross-check on-chain supply, authority renouncements, and burn transactions to reconcile listing discrepancies and determine authoritative numbers. Such discrepancies are not unusual across third-party data sources and can result from indexing delays, differing data pipelines, or evolving token configurations. [1]