You know how proof-of-work distributes coins to people who burn electricity?
and how proof-of-stake distributes coins to people that lock capital?
both of those actions secure the network
but do not grow itthis is why all the memecoins fail.
even SHIBA INU or PEPE never really experienced any real growth
they were just bought up likely by ETH / Binance whales from an extremely shallow liquidity pool taking up all the supply
and painting a huge pump within a span of 2 months and then they were sold to retail on exchanges ever since while printing articles how it's going to flip DOGE.
if you will chart them against BTC the picture is clear.
speaking of DOGE, imagine how inefficient the distribution is, the DOG coins go to people that just burn electricity
they don't even make any memes or promote DOGE
wouldn't you agree that it only makes sense that a memecoin should be essentially "mined" by memes?
memes and shills and raids, proof of meme, proof of shill, proof of raid.
imagine what an amazing holder base that type of consensus for distribution can create
meme lords and raid generals, sounds exactly like what a meme coin needs virality through memes and attention grabbing through raids and shills
you post memes/content/shills and you get voted on by the community and early investors
and the votes are the currency itself so it's a distribution and sorting mechanism all in one
the content can be easily searched and fetched to explain the idea through already made memes that are sorted by the community
with the currency itself
we already built the platform for that, we are a small group of people at the moment and we are in the pre public launch phase
you can't buy the coin yet, but you can already mine for it with your contributions
if you like memes and this idea resonates with you, please check out chonkler.com
white paper:
https://medium.com/@anonwhale777/chonk-2d93c2cab01a
