Latest The Potatoz News

Memeland launched Stakeland its new social staking protocol designed to amplify the $MEME coin ecosystem.

The Deets

• Ecosystem Growth: Aims to enhance the Memeland ecosystem and propel Memecoin's ($MEME) expansion.
• Early Access Rewards: Offers users early access to new tokens from emerging projects through staking.
• Symbiotic Success: Assists quality projects, benefiting the entire ecosystem and securing Memecoin's future.

The Bulk

Memeland introduced Stakeland, a novel social staking platform. This initiative seeks to fortify the Memeland ecosystem and accelerate the growth of Memecoin. By allowing users to stake $MEME and other cryptocurrencies, Stakeland provides a unique opportunity to earn tokens from promising new projects at minimal costs. This strategic approach not only aids in the early-stage support of these projects but also fosters a robust and resilient ecosystem, ensuring the longevity and prosperity of Memecoin.

🧐 Wait, What?

Stakeland demystifies staking by integrating social elements, making it more accessible and rewarding for the broader community.

📊 By the Numbers

Memeland's $MEME token is down 6% on the day to $0.044, but up nearly 90% in the last month. 

🎬 Take Action 

$MEME holders can begin earning their Steaks at Stakeland.com. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Ray Chan, the Memeland CEO, announced updates and future plans for $MEME farming, and Stakeland yesterday. 

The Deets

• Farming Season 1 concluding, with rewards for honest farmers
• Anti-bot measures: Proof of MEME and CAPTCHA tests
• Plans for Memecoin, including collaboration with STAKELAND
• Memeland's strategic objectives outlined for the near future

The Bulk

The CEO of Memeland took to Discord to share updates on $MEME, the token central to Memeland's ecosystem. Announced on the 69th day since its launch the updates outline the close of Farming Season 1. 

Significant anti-bot measures have been introduced to ensure fairness in $MEME reward distribution, including holding a minimum of 69 $MEME  (~$2) and passing dual CAPTCHA tests in order to claim farming points.

Chan also hinted at exciting upcoming projects with STAKELAND and discussed strategic objectives for Memeland.

These include product launches, event participation, NFT updates, new integrations, and merchandise collaborations. 

📊  By the Numbers

$MEME is down 5% in the last 24 hours to $0.025. 

Founder Feedback

🎬 Take Action

Those that farmed $MEME have just under six days to link their wallets and prove ownership of $MEME. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Binance Labs announced its investment in Memecoin ($MEME), Memeland's ecsosytem token that aims to empower creators, meme culture, and web3. 

The Deets

• Web3 Venture: Memeland, backed by Binance Labs, focuses on SocialFi and creator economies.
• Meme Integration: Leveraging meme culture to connect creators and communities.
• MEME Token: The native ecosystem token driving Memeland's innovative NFT platform.
• Global Audience: Memeland, an offshoot of 9GAG, engages 200 million users monthly.

❗️Why It Matters

In a time where most "memecoins" are seen as purely speculative, useless tokens - Binance signals some validation by adding Memeland's $MEME to its portfolio. 

📊 By the Numbers

$MEME has jumped more than 15% over the last 24 hours and now holds a marketcap of $244 million, ranking it No. 204 in CoinGecko's token rankings.  

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Memeland announced more details about its exclusive community presale dubbed the "Fire Sale," offering $MEME token lots at a fixed price for a limited duration.

The Deets

• Event Duration: 28 hours, starting October 25, 2023, 11:00 p.m. ET until October 27, 3:00 a.m. ET. 
• Pricing: Each lot priced at $300, offering 300,000 $MEME.
• Allocation: Allowlist members guaranteed lots; Waitlist members to participate in a raffle with potential 6.9X boost.
• Token Claim: $MEME claimable post-Fire Sale, but must be claimed within 14 days or will be refunded. 

The Bulk

The long-awaitied Memeland Fire Sale is set to last 28 hours and is designed to give early supporters and community members a unique opportunity to acquire $MEME tokens at a set price of $300 per lot, which consists of 300,000 $MEME.

A significant feature of the Fire Sale is its two-tiered system: the Allowlist and the Waitlist. Members on the Allowlist have a guaranteed allocation, ensuring they can purchase their desired lot without the typical sale frenzy. In contrast, the Waitlist is non-guaranteed and operates on a raffle system. Participants paying within the first hour of the Fire Sale get a boosted chance in the raffle by 6.9 times.

When it comes to tokenomics, the Fire Sale will have a supply of 7,590,000,000 $MEME, representing 11% of the total token supply. The initial unlock on Day 1 will be 2.75% of the total supply. Over the next 18 months, the remaining amount will gradually be made available.

❗Why It Matters

The Memeland community has been waiting a long time for the $MEME token and the upcoming Fire Sale and the initial reactions and execution of the Fire Sale may play a crucial role in determining short-term price action for the Memeland ecosystem NFTs. 

💰 Money Talks

The price per $MEME is set at $0.001 based on the initial tokenomics. 

🔜 What's Next?

The Memeland community snapshot will take place in approximately one hour at 11:00 a.m. ET. Purchasing NFTs post-snapshot will exclude participants from the Fire Sale but they will retain airdrop rights. Also, all unrevealed Maps and Valuables will be auto-revealed by the system, and generation of Maps, Valuables, and Potions will be temporarily halted.

🎬 Take Action

For those interested in participating in the Fire Sale, remember to be online when the URL is announced 2 hours before the event.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Memeland announced changes to its Captainz NFTs, resetting their visuals after unstaking and offering a bug bounty program for necessary changes. 

The Deets

• Unstaking a Captainz NFT resets it to its baby look; traits are kept but not shown
• This change targets reducing incorrect purchases due to delayed image updates on marketplaces
• Bug bounty introduced to reward community participation in improving the system
• The change and bounty program exemplify Memeland's commitment to user transparency and community engagement

The Bulk

Digital asset platform, Memeland, is introducing key modifications to their Captainz Non-Fungible Tokens (NFTs). The core change involves the aesthetics of Captainz NFTs being reset to their original, baby look after unstaking. This adjustment does not affect the traits of the NFTs, which remain intact but hidden from the image.

Memeland has identified that NFT marketplaces often use a caching system for images, which can lead to lags in updating visuals. Consequently, this could mislead potential buyers, especially in the case of Memeland's Smart PFP system, where a seller might have sold a rare trait still depicted on the listed Captainz.

To combat this issue and maintain integrity in transactions, Memeland is proactively resetting the visuals of unstaked NFTs to prevent incorrect purchases. The process will be automated within the system, and users are urged to check their dashboard on the official website before any transactions.

Moreover, Memeland has instated a bug bounty program, encouraging users to report any glitches or discrepancies. As an example, one holder, "shinraton," reported a bug regarding an Alien's clothing trait and received a bounty of 0.069Ξ for their contribution.

📊 By the Numbers

Alongisde the rest of the market, post-reveal, Memeland's Captainz dropped 18% in the last week to 6.06 ETH. 

🎬 Take Action

Observe any issues with your Captainz traits? Report it using the “SUPPORT” function on the Dashboard for a chance to earn a bug bounty!

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Memeland announced it will teleburn 111 of its MVPs from its treasury to Ordinals to celebrate their one-year anniversary.

The Deets

• The teleburn involves the highest-valued NFT in the Memeland ecosystem. 
• Memeland plans to establish a collective of top builders, artists, and collectors on Ordinals.
• Further announcements, including the Captainz reveal, the $MEME launch, and a new minting event, are expected soon.

The Bulk

Memeland will ring in its first anniversary with a historic move. The project is planning to teleburn, or transport 111 MVPs from Ethereum to Bitcoin. 

This teleburn holds significance as it's the highest-valued and first official one of its kind, reflecting Memeland's commitment to bold and innovative actions. These MVPs, initially minted at 5.3 ETH a year ago, have seen their value move above 50 ETH today. 

Memeland has more developments lined up to be unveiled soon, including Captainz reveal, the launch of $MEME, and more.

❗️Why It Matters

Aside from Yuga Labs' Twelvefold, none of the top NFT ecosystems on ETH have made the daring move over to the Bitcoin blockchain. 

📊 By the Numbers

Memeland's MVP have increased tenfold in the last year. With a mint price tagged as "expensive" and a supply of just 111, the total estimated value of the teleburn stands at approximately 6,438 ETH, translating to around $10.6 million. 

🎤 Project Prose

🔜 What's Next?

In the coming days and weeks, Memeland will be making several exciting announcements. Keep an eye out for the unveiling of the Captainz, the launch of $MEME, and a new minting event.

The CEO of 9GAG confirmed plans to launch $MEME token, with a focus on building a secure and sustainable web3 company.

The Deets

• $MEME launch confirmed by 9GAG's CEO...coming soon (probably)
• $MEME aims to make Memeland a leading web3 company
• Memeland exercising extreme focus on compliance with legal standards, recognizing the risk many tokens face

The Bulk

The launch of $MEME Coin forms part of a broader strategy to position Memeland as a top web3 company. Acknowledging the risks associated with tokens that have poor legal structures, the 9GAG affirmed his commitment to creating a secure and legally-compliant token. This sentiment was echoed in Memeland's announcement that they would be partnering with Tju Liang Chua, head of blockchain & digital assets at Drew & Napier, and the General Counsel of the Ethereum Foundation, for its corporate matters.

🎤 Founder Feedback:

🧠 Learn More

• A Comprehensive Guide to Memeland

Memeland announced today that Season 1 of Raids is live, via Twitter and on Discord.

💰 BOOTY: $USDC 40,000 💰

⚠️ RAIDS MAY LEAD TO LOSS OF MAPS, ANGER, HEART ATTACK, NON-GENERATIONAL WEALTH, CONTINUOUS BITCHING, AND OTHER RANDOM FUD. MEMELAND DOES NOT SUPPORT RAIDS IN REAL LIFE OR THE USE OF ANY VIOLENCE IN ANY MANNER. RAID AT YOUR OWN RISK. ⚠️

RULES:… pic.twitter.com/ou6TJPsFKi

— Memeland 🏴‍☠️ (@Memeland) May 13, 2023

The Details

Key changes vs. the pilot season:

• Your Booty = Your Raid Points / Total Raid Points
• The top 9 leaders enjoy a multiplier on their Raid Points
• Everyone who joins the Raids will win some booty
• Raid rates are changed to Win 45%, Loss 48.1%, and Broken Seas (burned) 6.9%
• Your Captainz will earn Experience Points (EXP) to show how "battle-tested" they are
• Every Captainz who joined the Season 0 (aka Pilot Season) received 69 EXP

❗ Why It Matters

The raiding dynamic piqued the interest of many when it was introduced two weeks ago, even though raiding was seen as a risky venture in which seemingly many reported losing their maps during the pilot season. Now, season 1 is here with some refinements.

This news is also perhaps the reason for some of the Captainz sweeps earlier today.

🧠 Learn More

• Captainz Plunder: Raid for Maps on the High Seas

$meme Tokenomics
• DAO - [REDACTED]
• INVESTORS - [REDACTED]
• COMMUNITY - 69%
• KEY PERSONS - [REDACTED]

— Meme Coin (@memecoin) May 5, 2023

❗ Why It Matters

This is about all we have to go off of for now, since we don't know much else. Are mapz related to $MEME? What would a distribution split look like across the Memeland collections (MVP, Captainz, and Potatoz)? There are just more questions than answers at this point.

So while NFTs have mostly taken a backseat over the past couple of weeks, with various memecoins dominating the spotlight, this is a reminder to not forget about the $MEME coin, which remains a highly anticipated token that many are painfully bullish about.

🎤 Community Quotes

Redacted this, redacted that.
Treasure bags? Redacted
Valuables? Redacted
Potions? Redacted
Artist? Redacted
Wen? Redacted

ffs just tell us already @9gagceo 😂 https://t.co/USqQTc4tLy

— BRYTE.eth 🍌🏴‍☠️ (@BRYTE_APE) May 5, 2023

🧠 Learn More

• A Comprehensive Guide to Memeland (February 14, 2023)

Captainz now have the ability to join raids and steal Maps from other Captainz, per Memeland's tweet today.

The Details

• Joining raids will allow you to steal Maps, but other raiding Captainz will also have the chance to steal your Maps as well.
• Raids require a Captainz to hold at least 1 Special or Extraordinary Map.
• When a Captainz joins the raid, they have a 40% chance to win a Special or Extraordinary Map, a 50% chance of losing their Map to the other Captainz, and a 10% chance of the Map being lost in the Broken Seas (burned).
• Note that Memeland is test-running the pilot season of raids for 1 week, and there will be no prizes during the pilot season. The pilot season will be closely monitored to adjust the rules if necessary.
• The raid points are reset every season.

❗ Why It Matters

Memeland is masterful at finding ways to engage with the community, and their latest move is to empower Captainz to raid. As Memeland so eloquently puts it, this is the pirate's way, and fortune favors the bold. So you can raid for whatever reason: if you're unhappy with the Mapz you got this week, need to settle a feud, or are just bored.

Raiding allows Captainz holders to take part in a game of chance centered around Maps, a key part of the Memeland ecosystem that can be earned every 7 days by Captainz who go questing. The upside of stealing a plundered Map will have to be weighed against the corresponding downside of possibly losing a Map to other raiding Captainz, or even being burned.

The dynamic is reminiscent of the mechanism in the earliest days of Wolf Game, in which wolves were able to accrue a ‘tax’ from sheep as well as steal newly minted NFTs. At their core, many in the NFT space are also gamblers who chase tantalizing rewards, so this will no doubt be a welcome new feature.

🎬 Take Action

Captainz holders can join a raid here: memeland.com/raids

🎤 Founder Feedback

Fortis Fortuna Adiuvat 🏴‍☠️

— Memeland 🏴‍☠️ (@Memeland) April 29, 2023

🕳️ Go Deeper

• Memeland: Questing is Live (January 21, 2023)
• Memeland: Treasure Mapz Are Secretly Related to $MEME (January 25, 2023)
• Captainz Reveal Process Updated, Potatoz Questing Launches Next Week (March 4, 2023)
• Captainz Getting Rewarded (March 6, 2023)
• Get Your Potatoz Ready.....Time to Quest! (March 13, 2023)