background:
Long ago, Memeland was deserted due to its inhospitable conditions, leaving behind the golden treasures forged on the land, waiting for people to discover them. After a while, early life forms began to appear, such as potato creatures roaming the land. This happened as captains and their pirate crews explored the broken sea in search of this lost golden treasure!
Introduction:
Memeland is a brand and community created and developed by the 9GAG team based on NFT. It will continue to launch functions such as $Meme tokens and community creator economy.
team:
Founded in 2008 and headquartered in Hong Kong, 9GAG is a user-generated content website that contains user-generated videos in categories such as fails and pranks, comedy, gaming, cute, movies and TV, music, etc. Its mission is to make the world happier.
Currently, 9GAG has more than 200 million fans on its website, app, Instagram, Facebook, Twitter, Tiktok and other media, with 400 million monthly visits. It has received capital investment from Greycroft Partners, True Ventures, Y Combinator, 500 Startups and other institutions.
Founder: Ray Chan
Ray is the co-founder of 9GAG, one of the world’s leading user-generated content sites, where he focuses on building sustainable businesses through humor. 9GAG is an alumnus of Y Combinator and 500 Startups, and Ray and his team have spent a lot of time in Silicon Valley, learning from the best.
Prior to founding 9GAG, Ray worked on Singboard, an online karaoke game. He was also Product Manager at aNobii, an online reading community, which was acquired in 2010 by a new venture backed by HMV Group, Harper Collins, Penguin and Random House.
Memeland Advisor:
Including American entrepreneur Gary Vaynerchuk, Moonbirds founder Kevin Rose, etc.
product:
YOU THE REAL MVP
Release date: June 2022
Issue quantity: 420
Issuance method: At that time, it was sold at a high price of 5.3ETH in the form of "blind auction". Now (2023/07/13) the floor price is 49.69ETH
Benefits: MVP represents a premium tier of membership in Memeland; includes private access to the MVP Lounge in Discord, priority allowlist placement, NFT airdrops, IRL events, and other partnerships exclusively for MVP members.
The Potatoes
Release date: July 2022
Issue quantity: 9999
Distribution method: Freemint Today (2023/7/13) Floor 1.689 ETH
Benefits: Potatoz represents a base-level membership in Memeland; associated with $MEME, permission lists, NFT airdrops, participation in IRL events, and more!
The Captainz
Release date: January 2023
Issue quantity: 9999 PFP
Issuance method: Users need to deposit 1.069 ETH into the minting page, and then after the 48-hour bidding period, they can determine whether they can obtain the NFT. In addition, if you hold three "The Potatoz", you can also get the priority minting whitelist.
Benefits: Captainz represent the top members of Memeland; Captainz have many benefits; two of the most anticipated are $MEME and Treasure Islandz.
Class: Captainz have different races, and different races have different rarities
Rarity order: Alien > Kong > Kaiju > Kraken > Shark > Human
Game design:
Staking system
On August 6, 2022, 9GAG launched the "GROW-TO-WIN" (staking) system and staking website, where users can stake their MVP, Catptainz (Captain), and Potatoz (Potato) in the official website system.
When holding MVP, you can increase the bonus of item acquisition.
For holders of MVP, the treasure map bonus varies according to the pledge combination probability. The official combination probability table is as follows:
When you hold Catptainz (Captain), you can participate in staking and get a "treasure map" every seven days. The "treasure map" is also divided into five rarities: the order of rarity is Mythical>Epic>Magical>Extraordinary>Special
When you hold Potatoz, you can participate in staking and get a "valuable item" every seven days. The "valuable items" are divided into five rarity levels, and the rarity order is Dark>Ivory>Cherry>Kiwi>Sand
There are also two other identity groups, [Super Crew] and [Full Crew], which offer an extra chance to get "potion items" every Monday. The conditions are as follows:
If you have 1 MVP + 9 Captains + 27 Potatoes at the same time, you can become a [Super Crew]
With 1 Captain + 3 Potatoes, you can become a [Full Crew]
Raid Gameplay
You can steal other captains' maps, but your maps can also be stolen by other captains.
In Season 1, Captains will gain experience after each raid, have a 45% chance of winning a Special or Extraordinary map, a 48.1% chance of losing a map to another Captain, and a 6.9% chance of losing (Burn) a map in combat.
All participants who win raid points will receive some loot at the end of the season. The more points you earn, the bigger the loot! There is also a chance to get an airdrop "Treasure Bag" (based on the leaderboard)
future plan:
The team is working on several plans. First, Captainz's crew will have up to 2-3 Potatoz pirates and will get Treasure Mapz. The Memeland team is also working on Treasure Islandz. In the real Memeland plan, details are not released at the moment, it looks like a Web 3 adventure game for Captainz and Mapz owners.
In addition to short-term updates, Memeland also revealed long-term development plans. Applying for a domain name first is to pave the way for future products. Memeland's CEO has emphasized more than once that Memeland is not just looking to be an NFT project, but to be a whole web3 and crypto product, and has a very strong ambition to cover the entire industry. To this end, they registered the following domain names:
PFP.com
Holders.com
petsland.com
Stakeland.com
Memeland.com
GMGM.com
Currently, most of these domains have not yet been officially launched. The official finally mentioned that some SocialFi products will be built, which is directly related to the several domains that were previously purchased at a large amount of money.
Holder.com–>Building the tripadvisor of web3 (entry site)
PFP.com–> Fan Agreement Certificate, similar to POAP (Brands or Kols can issue similar commemorative certificates to give back to fans)
GMGM.com–>Building the OnlyFans of Web3 (with clothes on)
Stakeland–>Staking website for the memeland ecosystem
In an interview with the founder of JPEG in April 2023, the host asked Ray: What is the long-term vision when building Memeland?
Ray responded as follows:
After working on social media or community-based products for 15 years, I feel that previous business models didn't really work because the incentives of audiences, advertisers, platforms, and creators were not aligned, and that's why web3 is interesting.
You don’t have to rely on advertising because you only sell the product itself. Then others use it for free. Memeland’s company mission is to bring ownership to the community. A more detailed explanation of this vision is:
Our web3 dinner is a three-course meal
The first is that NFTs are used for community building. We share the same PFP (profile picture), we are on the same Discord (chat platform). We are in the same token community. I think this is a very good tool for building communities because people really feel like they belong.
So [ERC-20] tokens are for value creation. Because not everyone can afford your expensive JPEG. But if you have about $4, $5, you can buy ApeCoin. If you own part of the token, you can still be part of the ecosystem.
The last part is [product], because now, what can our token do? That’s why we need to build products or encourage people to build products for the application of the token.
This has always been Memeland’s thinking about its Web3 strategy, and it is also the strategy that Memeland is building now.
coming soon:
$Meme corner
The $Meme token has been in Memeland’s roadmap for a long time, but it was not until April 2023 that Memecoin’s exclusive Twitter and official website were established. $Meme is also a very important part of Memeland, and there will be many application scenarios in the future.
$Meme Token:
Max Supply: 69,000,000,000
Token Economics:
DAO - [REDACTED]
INVESTORS - [REDACTED]
COMMUNITY - 69%
KEY PERSONS - [REDACTED]
The distribution of the remaining 31% has not been officially announced, and the details will be announced later.
$Meme Fire sale：
69% of the total supply flows to the community through public sales and multiple airdrops. The maximum unit price of the public sale is set at 0.69 ETH or less. The allocation is based on the number and rarity of NFTs held by users, and different NFTs are granted different amounts of allowance list qualifications.
The allocation is divided into two categories: Allowed List (AL) and Waiting List (WL). AL quota is guaranteed and is allocated based on the type of Captainz NFT held by the user. The details are as follows:
Human Captainz: 1X
Shark Captainz: 2X
Kraken Captainz: 2X
Kong Captainz: 3X
Kaiju Captainz: 3X
Alien Captainz: 10X
MVP: 12X
Additionally, holders with a full crew (1 Captain and 3 Potatoz) can receive an additional 1X, while holders with a super crew (1 MVP, 9 Captainz, 27 Potatoz) can receive an additional 12X as well as the right to a private sale.
WL places are non-guaranteed and are allocated as follows:
Potato: 1x
Waiting List: 1X
For example:
If you have 1 Human Captainz and 1 Potatoz, then you have 1 AL, 1 WL.
If you have 1 Human Captainz and 2 Potatoz, you have 1 AL, 2 WL.
If you have 1 Human Captainz and 3 Potatoz (aka Full Crew), then you have 2 AL, 3 WL. If you have 1 Kaiju Captainz and 3 Potatoz (aka Full Crew), then you have 4 AL, 3 WL.
Attached: Memecoin Fire Sale Calculator and detailed chart listed by Twitter friends.
As for why Super Crew (1M +9 Human + 27P) can have 42 AL, it is because 42AL=12x(MVP)+9x(Human Captainz)+12(Super Crew extra +12x)+9x(9Captainz+27Potatoz can form 9 Full Crews, and these 9 Full Crews extra +9x), so the total is 42AL.
Token valuation model:
Because the number of tokens to be distributed is uncertain, the fundraising hard cap is uncertain, the initial circulation and the circulating market value are uncertain, and the airdrop part is most likely to be allocated according to the weighted method of the Allowlist based on the rarity of NFTs, the way is simple. We only need to estimate the share of the total Allowlist according to the number of NFTs held. The return on investment is related to the fundraising hard cap, initial circulation, and circulating market value, so the general valuation can be based on the fixed variable method:
Assuming that the initial circulation is full circulation of the public offering, assuming that all persons have taken up the full share of the public offering hard cap, and assuming that the circulating market value is equal to the initial hard cap, then the investment at this time is the return, which means capital preservation.
If the initial circulation and public offering hard cap are fixed, and the circulating market value doubles, the corresponding returns will also double, and so on.
In summary: if the hard cap, initial circulation decreases or the circulating market value increases, the income will increase; if the hard cap, initial circulation increases or the market value decreases, the income will decrease
There is a calculation table below: This table covers the total number of Allowlists, the maximum hard cap of the Allowlist, the share of the initial allocation, the number of tokens that can be obtained, the corresponding price estimate and other data. According to this table, you can adjust the hard cap and initial circulation yourself and estimate the return on investment that an Allowlist can obtain.
Other speculations: Since the Allowlist is guaranteed to be allocated, and Potato and the previously released wait code are reserve qualifications and are not guaranteed to be allocated, I think a portion of the quota should be reserved for Potato and wait code users to have the opportunity to participate, but not everyone will be allowed to participate. Perhaps it will be allocated through lottery draws, etc., to ensure that all community members have the opportunity to participate in the $Meme token launch.
$Meme application scenarios:
The rewards will be used for subsequent land casting, purchase of maps or potions, etc.
land
Maps
Potions
Valuable objects
Will support the use of multiple SocialFi products and link the creator economy system
Captainz Erc-6551 follow-up trais transaction
Paid tokens for paid social platforms like GMGM.com and onlyfans
Captainz &Erc-6551
After Azuki Elemental's opening was similar to the first-generation Azuki, which led to a disappointed sell-off in the community, Cpatainz also faced a opening crisis. As expected, after the NFT market suffered from liquidity drain and Azuki harvested the hopes of NFT players, the Captain was also questioned by community members after the opening of the map. Voices such as homogeneity and low quality were overwhelming. Not surprisingly, Captainz's floor price also fell. Of course, this is also largely related to the sluggishness of the entire NFT market.
However, as Fud calmed down and the haze gradually dissipated, coupled with the release of more information from Memeland, it seemed that there was a mystery behind the opening of the picture. From the information obtained from AMA and the community, Captainz will adopt the form of Erc-6551, giving PFP more combinability and creativity. Since then, the prices of Captainz and other tokens have slowly recovered.
ERC-6551
ERC-6551 is a token binding account protocol. ERC6551 can create a smart contract account for each ERC721 type NFT. This account has all the functions of an Ethereum account, making the NFT of the bound account composable, owning NFT and Token assets, and interacting with the corresponding Dapp. All of this is forward compatible, and a smart contract account can be deployed to each ERC721NFT without permission.
That is, you can create an account for NFT. Previously, the account owned NFT, but ERC-6551 allows NFT to own the account. This account can store tokens (such as $Meme) and other traits (headwear, jewelry, etc.) or treasure maps, valuables, etc., and account transfer means transferring all assets in the account together.
From the message sent by Captainz, we can see that based on the basic model of the captain, different skin colors, hair accessories, clothes, tattoos and other parts can be selected, which increases the playability of PFP.
From Ray's latest AMA and the community, we learned that Captatinz will have more ways to play in the future, such as collaborating with web2 brands or community creators to issue unique traits of different rarities. These traits will be independent or packaged into the Captainz account created by the ERC-6551 protocol, and can be sold independently or in packages. They will also be connected to the $Meme token.
In the future, the team may launch a captain's traits maker on the APP Store. Traits that meet the rules can be bought and sold through $MEME tokens, thereby strengthening the creator economy.
Summarize:
Memeland has built a strong community since its creation a year ago, with an active founder, Ray, who is very active on Twitter and Discord, and is able to fully communicate with community members and build good will. What Ray is really good at is building good will in other communities. This involves not only buying NFTs, but also respectful interactions with other holders.
NFT is an attention game, and Web3 is developing too fast, so it is difficult to sustain attention. Especially new NFT projects that rely heavily on attention often have difficulty maintaining high attention after release.
Memeland has solved this problem brilliantly. Not rushing the release of Potatoz and Captainz is what keeps it in high regard. The staking model, uncertainty around Mapz, Potions, and the often self-deprecating $MEME token make the ecosystem exciting for holders.
And Memeland does allow loyal holders to enjoy the rights of community members. Senior members MVP holders get everything they deserve. At the same time, if you want to sell Captainz, you will sell all the staking rewards you have received up to that moment. The more rewards you get, the less you will want to sell.
The community built by Memeland is quite consistent with its own brand culture. Playing with memes, self-deprecation, etc. are very consistent with the IP attributes of Memeland.
What users are most looking forward to next will be the launch of the $MEME token. The token will be the second of Memeland’s three courses, and more products will be launched later. We can look forward to whether Memeland in the Age of Discovery can find the final ONE PEICE.
