MEME Describes Itself As

Memecoin (MEME) and Memeland represent a synergistic venture within the blockchain space, established by the creators of 9GAG, a globally recognized meme platform. These projects aim to leverage blockchain technology and decentralized principles to celebrate and preserve meme culture. Memeland, a web3-focused venture studio, seeks to connect creators and communities through creativity, MEME, and NFTs, creating a robust ecosystem for meme enthusiasts.

Project Utility/Function

• Digital Meme Museum: Memeland functions as a virtual museum where users can explore and interact with curated meme content. This digital space not only showcases historical memes but also allows users to contribute new meme content, fostering a dynamic and evolving collection.
• Community Engagement: Memeland provides a platform for social interaction, meme creation, and sharing, cultivating a vibrant community of meme enthusiasts.
• Digital Collections: undefinedundefined

MEME Token/Token Utility

• Native Ecosystem Token: MEME serves as the primary cryptocurrency within the Memeland ecosystem. It is utilized for various transactions, including trading, staking, and participating in community-driven activities.
• Utility Functions: MEME is integral to the platform's operations, enabling users to engage in economic activities within Memeland. This includes purchasing digital assets, participating in governance, and accessing exclusive community features.

About the Founders

The team behind Memecoin and Memeland was developed by 9GAG, a well-established meme platform with a global audience of 200 million across various social platforms. Founded in 2008, 9GAG has a history of successful innovation and community building. The team’s notable milestones include joining 500 Startups in 2011, raising seed funding, and participating in Y Combinator in 2012. The founders' experience in growing 9GAG from an obscure startup to a major internet presence underpins their credibility and capability in launching and sustaining new ventures like Memeland.

Risks of MEME

Like an investment in other crypto assets, there are some general risks to investing in MEME. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in MEME is subject to the following specific risks:

• Any potential success associated with MEME is reliant on the growth of its decentralized community, and their continued trading and enthusiasm for the asset. These factors are difficult to predict, and could result in very high volatility.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with MEME. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The MEME community is not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of MEME have no recourse to the MEME community or Uphold if MEME declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing MEME on the Uphold Platform, Uphold performed due diligence on MEME and determined that MEME is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of MEME, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of MEME.
• Any marketing materials put forward by the MEME social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with MEME, including any code defects, security breaches and other threats concerning MEME and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with MEME, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of MEME. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 20, 2024.