BOME (BOOK OF MEME) Token Price & Latest Live Chart

What is BOME (BOOK OF MEME)?

BOOK OF MEME (BOME) is aimed at encapsulating the vibrancy and diversity of meme culture on the Solana blockchain. The initiative seeks to create a unique ecosystem where meme enthusiasts can actively participate in the creation, storage, and management of meme-related content. This ecosystem is built on the principles of decentralization and user empowerment, typical of Web3 innovations.

The BOME token serves as the central pillar of this ecosystem. It was launched on March 10, 2024, by Darkfarms, a well-known figure in the crypto art area, notably as the creator of the iconic Pepe meme. Upon its release, BOME was listed on different cryptocurrency exchanges like FameEX, where it witnessed a remarkable surge in value, reflecting a 3000% increase. This dramatic rise underscores the community's robust enthusiasm and support for the project.

BOME is designed to support a sustainable digital infrastructure for memes. Utilizing technologies such as the Arweave and the InterPlanetary File System (IPFS), the project provides a permanent, immutable storage solution for meme content, ensuring that these cultural artifacts can be preserved and appreciated indefinitely. The use of blockchain technology not only facilitates the secure and transparent handling of digital content but also integrates financial aspects through tokenomics. This makes the platform a comprehensive solution for digital content management and distribution.

How does BOME (BOOK OF MEME) work?

The operational framework of BOME is underpinned by the Solana blockchain, renowned for its high throughput and low transaction costs, which are essential for managing the high-volume, interactive nature of meme sharing and creation. By leveraging Solana, BOME ensures that transactions within its ecosystem are fast, secure, and scalable, catering to a global audience without compromising on performance.

BOME tokens play a multifunctional role within this ecosystem. Primarily, they are used as a governance token, allowing token holders to vote on various proposals that shape the future direction of the project. This participatory approach ensures that the development of the ecosystem aligns with the community's interests and needs. Additionally, BOME tokens can be staked, particularly in conjunction with popular NFTs like those from the Bored Ape Yacht Club, enhancing their utility and offering holders additional benefits such as voting power or dividends from staking.

The ecosystem also features a suite of tools designed to facilitate the creation, sharing, and management of memes. Users can access a digital gallery where memes can be uploaded, viewed, and interacted with. This gallery not only serves as a platform for entertainment but also as a marketplace where creators can monetize their work through the sale of meme-based NFTs or receive royalties from their usage. Furthermore, the BOOK OF MEME integrates a digital book linked with metadata to the BOME token, allowing users to store and retrieve their memes directly on the blockchain. This feature not only secures the memes' permanence but also their provenance, ensuring that creators can maintain ownership and control over their content.

BOME (BOOK OF MEME) market price & tokenomics

BOME, a new memecoin on Solana,  was launched for only two days when its price exceeded 0.01 US dollars, reaching a peak of 0.01063 US dollars. Its market value also briefly surpassed 600 million US dollars with a nearly fourfold increase in less than 24 hours. The total supply of these BOME tokens is set at 69,000,000,420. This large supply is designed to cater to both the meme culture inherent in the token's theme and to provide ample liquidity across various market platforms.

Allocation:

• Community Fund (20%): A significant portion of the total supply, amounting to 13,800,000,084 BOME tokens, is allocated to the community fund. These tokens are locked for a period of three months post-launch to ensure a stable initial market and are aimed at fostering community engagement and rewarding active participants.

• Liquidity Pools (30%): To ensure ample market liquidity and stable trading conditions, 20,700,000,126 BOME tokens are allocated to liquidity pools. This allocation is crucial for facilitating large transactions without causing significant price impacts, thus maintaining price stability.

• Presale (50%): The largest allocation of 34,500,000,210 BOME tokens is set for presale. This strategy is intended to attract early investors and secure funding for further development and marketing of the project. The presale funds also serve as an initial financial backbone for sustaining the token's market operations.

In line with dynamic content evolution, the metadata of the BOME token is designed to be mutable. This flexibility allows for the token to adapt and incorporate new memes and images, enriching the content and engagement value similar to platforms like DailySmol or LateSmol. However, updates to the BOME token will not occur daily but will be rolled out periodically to introduce more 'dank' content, thus keeping the community engaged and invested in the long-term viability of the token. The mutability of token metadata not only enables the adaptation of content to current trends and community preferences but also allows for enhancements in token mechanics based on user feedback and market conditions. This approach aims to sustain the token's relevance and utility in an ever-evolving digital landscape.

As of now, BOME (BOOK OF MEME) is ranked #136 by CoinMarketCap with market capitalization of $475,303,129 USD. The current circulating supply of BOME coins is 55,199,727,655.

Why do you invest in BOME (BOOK OF MEME)?

Investing in BOME offers a unique opportunity to engage with the memecoin platform at the intersection of cryptocurrency, digital art, and meme culture. The project's reliance on advanced blockchain technology to offer a decentralized, secure, and efficient environment for meme storage and sharing makes it an attractive proposition for investors interested in the potential of Web3 to disrupt traditional social media and content distribution networks.

Is BOME (BOOK OF MEME) a good Investment?

While the potential for significant returns on investment exists, especially considering the initial surge in its market value, potential investors should consider the inherent risks and volatility associated with cryptocurrency investments. The unique nature of BOME, coupled with its innovative approach to meme culture and digital content, presents a compelling case for its inclusion in a diversified investment portfolio, especially for those looking to capitalize on the growth of decentralized platforms and the increasing popularity of NFTs.

Find out more about BOME (BOOK OF MEME):

• Homepage

• Explorer: Solscan

• Whitepaper