Recently, @MemeX_MRC20 has been trending wildly on Twitter, with a reward pool of 700,000 USDT and the quirky gimmick of "Proof of 💩" being quite interesting. A few days ago, I noticed everyone was really getting into it, so I decided to do some research. Having deeply participated in their product testing, I want to share some new thoughts with you all. I feel that @MemeX_MRC20 is an "attention furnace," transforming the fragmented expressions of the internet (memes, jokes, anecdotes) into tradable value assets on-chain, fundamentally reshaping the underlying logic of the meme economy. @Lucas_Fachenko @MemeCore_ORG

1️⃣ The relationship between @MemeCore_ORG and @MemeX_MRC20 1. MemeCore: This is an EVM-compatible Layer 1 blockchain specifically designed for meme coins, based on a unique Proof of Meme (PoM) consensus mechanism, focusing on multi-chain cross-staking and community-driven initiatives. It acts like the "highway" of the meme economy: providing underlying infrastructure such as security, liquidity (reducing bridging complexity through multi-chain hubs), and incentives. The mainnet of MemeCore will launch on February 12, 2025, with investments from institutions like IBC Group and Waterdrip Capital, aiming to become the "playground" for the meme community. 2. MemeX: This is the flagship application on the MemeCore mainnet, a platform that combines SocialFi and a launchpad for meme coins. MemeX allows users to create meme coins with zero barriers, monetizing their creativity through social interactions (posting on X, yapping) and trading. It also introduces a price mechanism that combines curves, where the more active users are, the higher the token value. The MemeCore Foundation will invest $7 million in MemeX in November 2024, clearly positioning it as a core of the ecosystem. ➡️ Simple summary: MemeCore is the underlying blockchain, while MemeX is the star DApp running on top of it. MemeCore provides technical infrastructure and economic incentives, while MemeX handles user interaction and meme creation, with both complementing each other to create a closed loop of the meme economy.

2️⃣MemeX is the "Attention Furnace" In the market, most discussions about meme coins focus on price fluctuations or airdrop benefits, but MemeX's ambitions go far beyond that. It aims to create a platform that allows ordinary people to turn meme ideas into on-chain assets. My unique perspective is that MemeX acts like an "Attention Furnace," melting scattered internet memes (fragments of attention) into tradable, value-appreciating economic units, building a self-circulating meme economy. 🙋 How does this furnace work? 1. Input fragments: On MemeX, you can create a meme coin based on trending memes (like "Sad Frog Pepe 2.0") with just one click, no coding required, even my mom could do it. 2. Melt value: Your meme coin is traded in the market, tweets on X (yapping) boost its popularity, and combined with curves, the coin price rises with activity. KaitoAI's leaderboard will also reward based on virality. 3. Output incentives: Trading volume and social influence earn you $M tokens, with a 700,000 USDT prize pool (about 70 million $M) encouraging more participation, and the top 30 yappers each get $10,000. 4. Circular burning: Rewards attract new users, leading to more creations, market liquidity surges, and the furnace burns hotter. ➡️ Example: Xiao Hong saw the "Shiba Inu Comeback" meme on X, used MemeX to create a "ShibaBoss" coin, and posted a few funny tweets that got over a thousand likes. The coin was hyped in the secondary market, Xiao Hong climbed the KaitoAI leaderboard, and received 3,000 $M in rewards. Her tweets also attracted new users to create coins, doubling the platform's trading volume. This is the chain reaction of the furnace: one meme ignites the entire ecosystem.

3️⃣ Why is this perspective unique? One reason: Memes are the native fuel of Web3. A meme is not just a funny image; it is the "smallest unit of transmission" on the internet, quick, eye-catching, and inherently viral. In the Web2 era, platforms like X and Douyin relied on your meme content to attract traffic, making huge profits while you gained nothing. MemeX_MRC20, on the other hand, returns the value of attention to users: your jokes, your tweets, can all be monetized on-chain, essentially giving every X user a "meme IPO." MemeCore's PoM consensus and multi-chain liquidity hub make cross-chain circulation of meme coins smoother (unlike the slippage risks caused by the clustering of meme coins on Solana), while MemeX's SFT market and yapping mechanism (backed by KaitoAI) directly link user creation to economic returns. The 700,000 USDT prize pool is just the starting fuel; what truly fuels the furnace is the continuous input of meme creativity from users. ➡️ My deep insight: MemeX's "Attention Furnace" could become a killer app for Web3. It’s not just about selling coins; it’s about building a decentralized "Meme Factory" where every user's attention can be priced, traded, and appreciated. This is more sophisticated than the traditional meme coin "pump-and-dump" model because it anchors the most fundamental human drives: expression and being seen. MemeCore's L1 infrastructure (PoM + multi-chain) provides a solid foundation, while MemeX's SocialFi gameplay allows users to enjoy the experience to the fullest.

4️⃣ How to leverage wealth opportunities with MemeX? 1. Minting: Use the trending memes on X to create Meme coins, no technical skills required. 2. Yaps: Tweet on Twitter, tagging @MemeX_MRC20 and @KaitoAI, showcasing your coins or project insights. The first 500 yappers will share a $700,000 USDT $M reward. 3. Trading: List your Meme coins on the market; the higher the trading volume, the greater the rewards. ➡️ A little reminder: Don't just shout slogans in your tweets; include more valuable content or new perspectives. Pay attention to "Proof of💩" verification (record daily activities to prevent AI bots). While it's a gimmick, it needs to be implemented.

5️⃣ Personal Thoughts This could be the next paradigm of the Meme economy. The potential of MemeX lies in liberating Memes from being "traffic puppets" in Web2 to becoming "value engines" in Web3. MemeCore's PoM and multi-chain technology address liquidity fragmentation, while MemeX's SFT and yapping mechanism allow users to create and mine simultaneously. I'm not writing this to compete for Kaito's points; I just genuinely think it's an innovative approach. That's all, and I welcome everyone to discuss together.