We are thrilled to share that BOOK OF MEME (BOME) is now listed on Coinhako!
What are BOOK OF MEME and BOME?
BOOK OF MEME is a Solana-based initiative that combines blockchain and internet culture, allowing meme minting and trading as NFTs. It aims to empower creators and preserve meme history in a decentralized way, blending entertainment and technology. The project uses Arweave, IPFS, and inscriptions for data storage, and serves as a social platform for cross-chain storage.
The BOME token was created by Darkfarms, the Pepe meme artist, to establish a permanent storage solution for meme coins. It is the primary medium of exchange in the Bome ecosystem, and its utility extends beyond just facilitating transactions. One of its notable features is its role in governance, as token holders are granted voting rights to shape the ecosystem's future.
There is a total supply of 68,966,327,627 BOME and BOME has traded for US $0.02805 at its peak.
How does BOOK OF MEME work?
BOOK OF MEME is an experimental project to permanently store memes on the blockchain, fostering decentralized social media. The BOME meme coin runs on Solana, with Arweave and IPFS as the primary storage, and plans to expand to Bitcoin inscriptions. In the future, BOOK OF MEME may evolve into a decentralized social network or explore other areas, such as meme games, as the meme collection grows.
What is a Meme coin?
A meme coin is a type of cryptocurrency that is inspired by or based on internet memes, popular culture references, or jokes. Meme coins often have playful or humorous branding and marketing strategies, leveraging the viral nature of memes to attract attention and build a community of supporters. These coins may also serve as a form of digital collectibles, with unique designs or themes that appeal to meme enthusiasts.
Some examples of popular meme coins that are already on Coinhako include:
1. Pepe (PEPE): A cryptocurrency which pays homage to the well-known Pepe the Frog meme. It has served in popularity since its introduction in April 2023 and sits at a market capitalization of over $2.9 billion at this time of writing.
2. Floki (FLOKI): Launched in September 2021, FLOKI is a memecoin based on Elon Musk's Tweet that says “My Shiba Inu will be named Floki”. Following its success and popularity, it has outgrown its “just-for-fun” purpose into a fully-fledged Web3 ecosystem.
3. dogwifhat (WIF): A popular meme coin built on the Solana blockchain, dogwifhat launched on 20 November 2023 and gained instant popularity due to its unique identity: a Shiba Inu wearing a pink hat.
What can you do with BOME on Coinhako?
BOME will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
- Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
- Purchase BOME instantly with Visa / Mastercard
Please note that the sending and receiving of BOME will not be available for this release.
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.