Meme love

whitepaper
V1 - March 2023

Feel the love meme.love

Table of contents

Abstract 3 4

Introduction 5

Meme Love Marketplace 6

Tokenomics 7

Meme Love Token Utility 8

Roadmap 9

Official Links 10

Works Cited 11

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Abstract

A meme is a picture or video that is supposed to elicit emotion and convey a message succinctly with little
explanation. Another benefit of a meme is that it can be universal and understood by the masses, making
them more likely to become viral. Memes are often shared through social media and have become
increasingly more popular in cryptocurrency and across platforms like Twitter and Facebook.

An NFT, commonly known as a non-fungible token, is a digital collectible. Non-fungible tokens are tokens
that allow ownership of a tangible or intangible item that is rare by nature. NFTs possess several properties:
they are a digital asset, unique, and can be exchanged. NFTs are digital assets that are collectibles often in
the form of autographs, art, event tickets, etc. Furthermore, it is easy to determine the original source of an
NFT due to the transparency of blockchain transactions that record ownership and transfers. The last
feature of NFTs is that they can be purchased and transferred by the exchange of cryptocurrency. Some of
the utilizations of NFTs include: a form of digital content, gaming, investments, and the ability to claim
domain names.

In the last several years, memes and cryptocurrency have intersected with one another. This started the
creation of the term memecoin: a cryptocurrency based on a meme. Some of the more popular memecoins
include: Shiba Inu and Dogecoin. According to Motley Fool, Shiba Inu acquired 1.24 million holders by
February 2022. Shiba Inu originated from a 2013 meme of a Shiba Inu dog, but through community efforts
grew into a multi-billion dollar project. According to Ryoshi, the founder of Shiba Inu, the token was
created as an experiment in decentralized community building. Since then, Shiba Inu has added two more
tokens to their network: LEASH and BONE. Furthermore, Shiba Inu added utility to their project, called
ShibaSwap. ShibaSway is a decentralized exchange that provides six key functions: Dig, Bury, Swap, Woof,
NFTs, and Bonefolio. These functions range from staking Shiba Inu, LEASH, and BONE to a crypto portfolio
that analyzes trades.

In addition to Shiba Inu, Dogecoin has become a worldwide recognized memecoin. On December 6, 2013
Dogecoin was created by a pair of software engineers. The logo of Dogecoin was a picture that a Japanese
woman had taken of her dog in 2010. The name of the crypto came from the “doge” memes that had
become quite popular during that time. Dogecoin’s founders utilized a popular meme to create one of the
most popular projects in crypto. Hence, the importance in acknowledging memecoins and their increasing
importance within the cryptocurrency space

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Abstract

Although Dogecoin was started in 2013, it became more widely known in 2021. A community of Reddit
members decided to push the project which led to a 600% increase in price. Furthermore, Elon Musk has
been a prominent advocate for Dogecoin. Elon Musk would show his support through consistent tweets of
memes that included Doge in them. With Elon Musk’s over 100 million followers, this created a lot of
audience for Dogecoin which enhanced the number of investors in the project and cryptocurrency as a
whole. Since seeing the impact Musk has had on Dogecoin, many cryptocurrency projects have gone to
great lengths in an attempt to get Elon to become involved in their own project. This was the start of Elon
Musk becoming one of the most influential voices in cryptocurrency.

Twitter has become one of the most widely utilized social media platforms in regards to promoting
cryptocurrency. Since Elon Musk's advocacy of Dogecoin on Twitter in 2021, the social media platform has
been a medium where voices in the cryptocurrency space aggregate. In 2021, the trending question on
Twitter was “should you invest in Stablecoins” which proves crypto’s dominance within the platform.
Furthermore, Elon Musk’s purchase of Twitter in October, 2022 also proves to be a signal that
cryptocurrency engagement on the platform will only strengthen. On the other hand, memes have also
been widely posted and shared on Twitter. Hence the importance of Meme Love’s ability to interact with
Twitter.

As of today, there are a few ways that content creators monetize their posts on Twitter: Super Follows and
Tips. Super Follows has a certain set of standards that needs to be met by content creators. If those terms
are met, they become part of the Creator Program where influencers are able to charge Super Followers a
price to view their exclusive tweets. However, the influencers still need to find ways to entice people to
subscribe, so it does not guarantee profit. Another means for content creators to make money off Twitter is
by getting their followers to send them money as a way of support using the “Tips” feature. The Tips feature
was added on Twitter in May 2021 and has become another way for influencers to make profit off of the
social media platform. Although those two options (Super Follows and Tips) are profit generating for
content creators, there is no way for creators to get paid for their memes going viral on Twitter. Therefore, a
Twitter user that creates a “one-hit-wonder” meme has no way of reaping the rewards of their art… this is
where Meme Love comes into play.

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Introduction

Meme Love is the first social media platform to offer users the opportunity to monetize their original
memes. Meme Love takes advantage of a clever WEB 2 interface that feels extremely similar to existing
social media platforms. In fact, the WEB 2 interface uses common hashtags to pull feeds directly from
Twitter using their open-source apis. If a user creates a successful and original meme, they are then able to
list the meme on the WEB 3 interface of the Meme Love platform. Their success will be determined by the
number of likes, retweets, and shares.

The Meme Love platform is designed to be easy and familiar to use. For this reason, Twitter is the accepted
login method for the WEB 2 side of the platform. On the WEB 3 side, a metamask or other decentralized
wallet provider will be needed to buy, sell, and collect memes. The currencies that fuel the Meme Love
platform were wisely developed and chosen for their specific niche and purpose. The first option, MEME
LOVE token, is a token launched on the Ethereum Network and bridged to the Proof Of Memes blockchain.
The second option, Proof Of Memes coin, is the coin that fuels the Proof Of Memes blockchain. Both
“POM” and “LOVE” will be used to trade and collect memes on the Meme Love marketplace.

The default currency, LOVE, will be the primary focus on the Meme Love marketplace. MEME LOVE will be
bridged from the Ethereum Network to the Proof Of Memes Blockchain. As a Proof Of Memes team
project, this allowed the founders to grow the project without selling any POM coins from the treasury.

Ultimately the Meme Love marketplace will provide social media users with a place to post memes within
an originator archive. The successful memes can then be sold, and the unsuccessful memes will become a
swipe up in the “Meme Feed”. Meme Love will also become a fun place to scroll through memes
categorically or randomly. Sometimes all you need is more memes in your life and Meme Love will be there
to share that common love of memes.

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Meme Love marketplace

MEME LOVE, along with POM, will be the currency of the Meme Love marketplace. Despite LOVE tokens
existing on multiple blockchains, only the token specific to each blockchain will be used accordingly in the
platform. For example, LOVE on the Ethereum Network will only function on Ethereum. LOVE on the Proof
Of Memes Blockchain will only function on the POM blockchain side of the Meme Love marketplace.
MEME LOVE tokens will be used to mint and buy NFTS on the Meme Love Marketplace. It will also be used
to tip meme creators. All transaction fees will burn the tokens or coins being used in the transactions. In
other words, if you purchase a NFT using MEME LOVE tokens, MEME LOVE tokens will be burned.

Memes contribute to a significant amount of volume and engagement on social media platforms. The goal
of Meme Love is to reward that engagement. To participate in the Meme Love Marketplace users,
(“memers”) will have to verify their intentions as a creator and receive authentication on their account. Only
users creating content will require this form of verification. Unverified users can still buy and sell NFTs on
the Meme Love Marketplace. When posting memes to the marketplace, users will first have to decide what
to call their collection. We require each collection to have unique items or the account will be flagged due
to the risk of multiple users owning the same meme. The only category this rule does not apply to is
Utilities.

Memers can choose up to 3 items from this list of categories: Lolz, Animals, Classic, Elon, Political,
Economy, Dark Humor, Sports, Fails, Cringe, WTF, Jeets, Conspiracy, Food, Horror, Holidays, Anime, TMI,
Tech, Parody, Crypto, Karen, Kyle, Movies, Music, TV Shows, Domains, and Utilities. All memes created on
the Meme Love Marketplace are encouraged to be shared across social media. Additionally, memes can be
upvoted and users can tip POM or LOVE to show meme-makers some love. Ten memes will be chosen each
and every day to be featured on the official Proof Of Memes Twitter. Engagement will be the sole deciding
factor in the memes that are chosen.

In addition to monetization of memes, the Meme Love marketplace will also serve as an onboarding
platform to the Proof Of Memes blockchain. Many creators on the platform will choose to sell their memes
for POM or LOVE tokens on the Proof Of Memes blockchain. In these instances users will learn to add the
POM network to their defi wallets and use the available options to purchase the required currency for
trading.

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Tokenomics

The tokenomics of MEME LOVE were chosen with longevity in mind. The LOVE token will be a low tax
token. The token was originally launched on the Ethereum Network. Due to the interoperability of EVM
networks, LOVE will be bridged to Proof Of Memes Blockchain post launch. The LOVE contract address on
the POM network will be a 0 tax token. The tokenomics will remain the same between both chains.

TOKEN NAME TOKEN SYMBOL TOTAL SUPPLY DECIMALS

MEME LOVE $LOVE 100,000,000 18

CONTRACT
ADDRESS 0xf6542eeA6338Dcef6253b0525571518E34CEd5a8

Token Allocations

TOKEN LIQUIDITY PRESALE:

5%
5% 10% 55% 10%
55,000,000 10,000,000

10% TEAM AIRDROPS / REWARDS

5% 10%
5,000,000 10,000,000
10%
STAKING: BRIDGE

55% 10% 5%
5% 10,000,000 5,000,000

EXCHANGES
5%
5,000,000

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Meme love token utility

The Meme Love token will serve as the primary currency of the Meme Love marketplace. Once bridged to
the Proof Of Memes blockchain, POM will become the default network. Furthermore, Meme Love will
become a deflationary token as a result of the marketplace fees. The fees on each network will vary, with
POM remaining the most beneficial network to trade NFTs using MEME LOVE tokens. The more volume
that the Meme Love platform attracts, the more scarce LOVE tokens will become. The value of these tokens
will be determined by the community participants within this experimental monetization ecosystem.

MEME LOVE FEES PROOF OF MEME FEES

POM: 3% ETH: 5% POM: 4%

The community may also decide to build additional utilities on top of the Meme Love token. For example,
they may decide to offer the platform in a SAAS monetization proposition. In other words, additional token
projects could become a currency on the Meme Love platform in exchange for a fee paid in LOVE tokens.
These decisions will be driven by the Meme Love community.

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Roadmap

Planned 2023

Phase 1
Branding

Website + Socials

Whitepaper V1

Launch On ETH

ETH - POM Bridge

Tier 1 Exchange Listing

Phase 2
Global Growth

Meme Love Mobile Apps

Love Wallet

Meme Love Marketplace V2

Whitepaper V2

Meme Love Takeover

Phase 3
Meme Love Marketplace V1

CMC / Coingecko

Community Growth

Staking

Additional Exchange Listings

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Official links
Website
https://meme.love

Telegram
http://t.me/memeloveportal

Twitter
https://twitter.com/MEME_LOVE_TOKEN

POM
https://proofofmemes.org

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Works cited
CoinMarketCap. “Shiba Inu Timeline and Price History: What Could You Buy If You Had Bought Shib:
CoinMarketCap.” CoinMarketCap Alexandria, CoinMarketCap, 24 Nov. 2021, https://coinmarketcap.com/
alexandria/article/shiba-inu-timeline-and-price-history.

Constantino, Tor. “Shiba Inu Sets Record Number of Token Holders While Price Slid as Much as 13%
Today.” The Motley Fool, The Ascent by The Motley Fool, 22 Feb. 2022, https://www.fool.com/the-ascent/
cryptocurrency/articles/shiba-inu-sets-record-number-of-t oken-holders-while-price-slid-as-much-as-13-
today/.

Goldman, David. “What Is Dogecoin? How a Joke Became Hotter than Bitcoin | CNN Business.” CNN,
Cable News Network, 4 May 2021, https://www.cnn.com/2021/04/17/investing/what-is-dogecoin/
index.html.

Masango, Aya. “How to Use Twitter's Tips Feature to Pay People for Tweets.” MUO, 26 Nov. 2021, https://
www.makeuseof.com/how-to-use-twitter-tip-jar-to-pay-people/#:~:text=Twitterletsy
ousendpaymentstocontentcreators,AnditsalldoneusingtheTipsfeature.

Paul, Trinetra, and Trinetra Paul. “How Shiba Inu Became One of the Leading Tokens in the Crypto
World.” Lifestyle Asia India, 12 Apr. 2022, https://www.lifestyleasia.com/ind/tech/shiba-inu-the-meme-
coin/#:~:text=Asalreadymentio nedShibaInuisameme,soonsnowballedintoamulti-billiondollarcryptoproject.

S, Ravikiran A. “What Is NFT and How Does NFT Work? Everything You Need to Know.” Simplilearn.com,
Simplilearn, 27 Jan. 2023, https://www.simplilearn.com/tutorials/blockchain-tutorial/what-is-
nft#what_is_nft.

W ylde, Kaitlyn. “This New Twitter Feature Can Help You Get Paid for Your Tweets - If You Qualify.”
Bustle, Bustle, 29 June 2021, https://www.bustle.com/life/how-to-get-paid-on-twitter

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