What is WMEMO?
WMEMO is a cryptocurrency token that is based on the concept of Wonderful Memories. Wonderful Memories is a platform that allows users to create and interact with realistic and personalized voices of their choice. It uses artificial intelligence and natural language processing to generate high-quality and natural-sounding voices that can mimic any accent, tone, emotion, or personality. Users can use Wonderful Memories to chat with their heroes, companions, or themselves.
WMEMO is the native token of the Wonderful Memories platform. It is used to access the platform’s features and services, such as creating, discovering, liking, sharing, and collecting voices. It is also used to reward the users and creators for their participation and contribution to the platform. WMEMO has a total supply of 69 trillion tokens, of which 3.8 trillion are currently in circulation.
How does WMEMO work?
WMEMO works by using a combination of tokenomics and features that make it attractive for investors and users. Some of these features are:
- Burn mechanism: WMEMO has a burn mechanism that reduces the circulating supply of tokens over time. Every transaction of WMEMO triggers a 2% burn fee, which is sent to a dead wallet and permanently removed from circulation. This creates scarcity and increases the value of the remaining tokens.
- Reflection mechanism: WMEMO also has a reflection mechanism that rewards its holders for holding the tokens. Every transaction of WMEMO triggers a 2% reflection fee, which is distributed among all the holders proportionally to their token balance. This creates passive income and incentivizes holding.
- Revenue generation: WMEMO also has various revenue generation methods that create additional income for the token and its holders. Some of these methods are:
- NFTs: WMEMO creates and sells NFTs (non-fungible tokens) that are based on popular memes, celebrities, or influencers. The profits from the NFT sales are used to buy back and burn more WMEMO tokens.
- Staking: WMEMO allows its holders to stake their tokens and earn interest in stablecoins or other cryptocurrencies. The staking rewards are paid from the fees collected from the transactions on the Wonderful Memories platform.
- Yield farming: WMEMO allows its holders to provide liquidity to decentralized exchanges (DEXs) and earn fees from the trading volume. The liquidity providers can also earn additional rewards in WMEMO tokens or other cryptocurrencies.
- Nodes: WMEMO plans to acquire nodes from other blockchain projects that generate revenue from validating transactions or providing services. The revenue from the nodes will be used to buy back and burn more WMEMO tokens.
What is the current price of WMEMO?
The current price of WMEMO as of August 14, 2023 is $31,958 USD, with a 24-hour trading volume of $5,507 USD. WMEMO has experienced a 0.75% increase in the past 24 hours, and a 2.7% increase in the past 7 days. The current market cap of WMEMO is not available, as the circulating supply of WMEMO tokens is not reported. The fully diluted market cap of WMEMO is $236 million USD, assuming all 69 trillion tokens are in circulation.
Where can you buy or trade WMEMO?
WMEMO can be bought or traded on several cryptocurrency exchanges, both centralized and decentralized. Some of the most popular exchanges where you can buy or trade WMEMO are:
- LBank: LBank is a centralized exchange that offers low fees, high liquidity, and multiple trading pairs for WMEMO. You can trade WMEMO with USDT (Tether) or ETH (Ethereum) on LBank .
- Bitrue: Bitrue is another centralized exchange that supports WMEMO trading. You can trade WMEMO with USDT or XRP (Ripple) on Bitrue .
- Uniswap: Uniswap is a decentralized exchange that allows you to swap any ERC-20 token (including WMEMO) with any other ERC-20 token without intermediaries or registration. You can use Uniswap to trade WMEMO with ETH or any other token on the Ethereum network .
- Quickswap: Quickswap is another decentralized exchange that operates on the Polygon network, which offers faster and cheaper transactions than Ethereum. You can use Quickswap to trade WMEMO with MATIC (Polygon) or any other token on the Polygon network .
Conclusion
WMEMO is a cryptocurrency token that is based on the concept of Wonderful Memories, a platform that allows users to create and interact with realistic and personalized voices of their choice. It uses artificial intelligence and natural language processing to generate high-quality and natural-sounding voices that can mimic any accent, tone, emotion, or personality. WMEMO is the native token of the Wonderful Memories platform, and it is used to access the platform’s features and services, as well as to reward the users and creators for their participation and contribution. WMEMO has a total supply of 69 trillion tokens, of which 3.8 trillion are currently in circulation. The current price of WMEMO is $31,958 USD, with a 24-hour trading volume of $5,507 USD. WMEMO can be bought or traded on several cryptocurrency exchanges, both centralized and decentralized. WMEMO is a cryptocurrency token that has potential for growth and innovation.
