Memecore
Memecore is a blockchain-based gaming platform that combines meme culture with decentralized gaming experiences. It aims to create an ecosystem where players can engage with meme-inspired games while earning rewards through various gameplay mechanisms. [2]
Overview
Memecore is a Layer 1 blockchain network designed to bring together meme communities in the Web3 space. It operates as an EVM-compatible mainnet and uses a unique Proof of Meme (PoM) consensus mechanism. This system allows users to stake meme coins across blockchains, contributing to network security while earning dual rewards in $M and ERC-20 tokens.
The platform emphasizes inclusivity and cross-chain collaboration. It supports Ethereum-compatible tools and architecture, enabling easier adoption for developers and users. Memecore’s infrastructure is tailored to support meme coin communities through shared validation, staking, and incentives. [1] [4]
Features
Proof of Meme Consensus
Proof of Meme (PoM) is MemeCore’s custom-built consensus mechanism that merges aspects of Proof of Stake (PoS) and Proof of Authority (PoA), designed to support validator governance and meme token integration. The system operates through epochs—defined time intervals, such as a day—during which a designated set of validators produce blocks using a PoA-style method. After each epoch, the validator set is refreshed through a governance-controlled delegation contract. This setup allows for consistent block production and validator rotation, aiming to maintain network decentralization and efficiency. [6]
Reward Generation
Block rewards are generated by minting MemeCore’s native token, $M, with each new block. These tokens are distributed among validators and delegators according to formulas that will evolve over time, from fixed structures in early phases to more dynamic, oracle-informed models. Validator registration is open to externally owned accounts (EOAs), requiring users to stake a specified amount of $M and pay a registration fee. Initially, the validator set is capped at 100 participants. Registered validators can exit the system and reclaim their stake, although a lock-up period may be introduced later. [6]
Delegation Methods
Delegation mechanisms allow both EOAs and contract addresses to stake $M or selected meme tokens in support of validators. Meme tokens must first be approved through governance and added to a whitelist. Delegators receive a share of the block rewards, with reward allocations influenced by staking amounts and validator activity. A slashing mechanism is in place to penalize validators who fail to meet performance expectations. If a validator underperforms—due to downtime or insufficient block production—their staked $M may be partially forfeited, and they can be excluded from upcoming validation rounds.
Users must initiate specific transactions through the reward distribution contract by staking or withdrawing tokens to access rewards. An ERC-20 vault holds 5% of each token’s total supply deployed on MemeCore, with token contracts required to be open-source and multisig-approved before inclusion. These ERC-20 tokens are gradually released to stakers over a long-term vesting period, initially set to 1,000 days. Governance retains the authority to modify this period. The PoM structure reinforces network security and incentivizes active participation through flexible delegation, performance accountability, and a collaborative governance framework. [6]
Validator
MemeCore’s validator network operates under the Proof of Meme (PoM) consensus, prioritizing short block times and low transaction fees. Validators are selected based on the amount of staked assets, with those with the highest stakes eligible to produce blocks. To ensure system integrity, the network incorporates slashing mechanisms, such as penalties for double-signing, to maintain security and stability. A real-time election process selects the top seven validators for block production, with the list refreshing every 10 blocks, approximately every 70 seconds. Candidates must first stake a predefined amount to qualify for selection.
Validators on MemeCore confirm transactions and produce blocks, contributing directly to the network’s performance and security. These nodes perform essential tasks that uphold the chain’s reliability. In exchange for their participation, validators receive $M token rewards.
Both validators and their delegators earn dual incentives—$M tokens and ERC-20 tokens. Rather than awarding the entire reward to the block producer, the system distributes each reward (e.g., 1,000 $M per block) proportionally based on the amount staked. This structure supports an equitable reward system across all participants contributing to the network. [7]
Staking & Delegating
MemeCore’s staking and delegation system enables token holders to support validators and earn rewards. Validators are ranked based on the total amount staked by delegators, with the top seven becoming active validators eligible to produce blocks and earn rewards. Others remain as candidate validators who cannot produce blocks but can still receive delegations to improve their ranking. Rankings refresh every 10 blocks, ensuring a dynamic and competitive selection process.
Delegators can stake $M or approved meme coins through system contracts that manage validator selection and reward distribution. Rewards are split among the active validators, with 99% shared equally and an additional 1% awarded to the validator that produces the block. Of the validator rewards, 75% goes to delegators of $M, and 25% to those who staked meme coins. Validators must meet a minimum self-delegation requirement to register, and delegators receive Xtokens as proof of their stake, which can be used within the ecosystem. External projects can also provide ERC-20 tokens for distribution through a separate reward contract using the same formula. [8]
Dual Rewards
MemeCore’s dual reward system distributes both $M tokens and ERC-20 tokens to incentivize participation from validators and delegators. Of the total block rewards, $M validators and their delegators receive 75%, with distribution based on how much $M they’ve staked. Validators must commit a fixed amount—initially 7 million $M—to register, while delegators who support them pay a 10% commission on their earned rewards to these validators. The block proposers' selection and reward sharing are tied to staking levels and validator performance.
Meme delegators—those staking meme coins rather than $M—receive 24% of the block rewards. These rewards are equally distributed per validator node and adjusted according to each meme coin’s market cap. The system uses weighted quantities to balance price differences between meme tokens. Meme delegators also pay a 15% commission to validators. An additional 1% of block rewards is awarded to validators and their delegators if their chosen validator is selected to produce a block. All reward ratios, staking requirements, and supported meme tokens are subject to change through governance. [9]
Memes.War
Memes.War is a Telegram-based play-to-airdrop game where users support existing guilds or create their own, aiming to accumulate $War.Bond and convert it into Airdrop points. By sending $War.Bond to a guild’s Vault, players contribute to that guild’s ability to participate in seasonal Guild Raids and earn additional rewards. $War.Bond is the main in-game currency, obtainable through various in-game actions, and is used to boost a guild’s status and performance. Once transferred to a Vault, $War.Bond becomes non-withdrawable and is locked in for raid activities.
Airdrop points are earned by converting $War.Bond at a fixed rate (10,000 $War.Bond = 10 Airdrop points), and serve as a central metric in determining eligibility for future airdrops and other reward distributions. Players can either support an existing guild or form their own, receiving a 1,000,000 $War.Bond bonus to help kickstart their Vault. Guilds with the highest Vault balances can access special rewards, while all participating guilds receive additional benefits. The game emphasizes community contribution, with rewards designed to recognize individual and group engagement within the MemeCore ecosystem. Telegram is required to access and play Memes.War. [10] [11]
M
$M is the native token of the MemeCore ecosystem and plays a central role in its operations. It is used to pay transaction fees on the MemeCore mainnet. It is the primary staking currency for participating in the Proof of Meme (PoM) consensus for validator registration and delegation. The token has a total supply capped at 10 billion.
Beyond its technical functions, $M also carries broader significance within the ecosystem. Validators must stake $M to be eligible for block production, while delegators use it to support validator rankings. Additionally, governance functionality for $M is planned for future implementation, potentially allowing holders to influence the development and direction of the network. [12]
Token Allocation
- 30% - Community rewards and gameplay incentives
- 20% - Development fund for ongoing platform improvements
- 15% - Team and advisors (subject to vesting periods)
- 15% - Marketing and partnerships
- 10% - Liquidity provision
- 10% - Strategic reserves [5]
Funding
On March 27th, 2025, MemeCore announced it has received strategic investment from several prominent blockchain venture capital firms, including IBC Group, Waterdrip Capital, AC Capital, CatcherVC, K300 Ventures, WAGMI Ventures, and Click Capital. These investments are intended to support the development of MemeCore’s blockchain infrastructure, expand its ecosystem, and assist in incubating emerging meme coin projects. [13]
Partnerships
SlerfTools
Card3
Andy
AI101 Labs
ARC
Pentagon Games