Sociogram Launches Meme Money Maker — A Platform for Creating Meme Coins

In October, the Web3 social network Sociogram introduced a platform for launching meme tokens on EVM chains. The service is called Meme Money Maker (MMM).

According to Sociogram representatives, meme coins have become one of the fastest-growing segments in the crypto industry, with trading volumes increasing by 34% in Q2 2024. However, there are still several unresolved issues within the segment:

• Dependency on a single blockchain;
• Meme tokens are not true memes but mere references to them;
• High promotion costs;
• Limited ways to earn money;
• Trading bot manipulations.

How Meme Money Maker Works

MMM from Sociogram offers free meme token creation on BNB Chain, Ethereum, and Arbitrum, with no network fees for transactions. Internal trading balances in USDT are used when buying and selling assets.

When minting on BNB Chain, liquidity for the token is automatically added to the decentralized exchange Biswap V3, while for Ethereum and Arbitrum, liquidity is added to Uniswap V3.

At the time of publication, Meme Money Maker offers token creators a bonus of 100 USDT upon reaching a bonding curve of $12,000. Additionally, platform clients receive 10% of the trading commission on their assets through a referral program.

“Each token on MMM is a meme post, which brings back the original concept of meme coins,” comments the Sociogram team.

MMM users can earn not only by creating and trading meme tokens but also by interacting with related posts, receiving payments in USDT.

“This allows users to promote meme tokens directly on the platform with lower costs. Our internal algorithms determine the quality of users to prevent rewards from going to bots and inactive accounts,” explain project representatives.

Promotion Tools

Meme Money Maker includes special tools for increasing reach and building a community around assets:

• Pools that distribute USDT for activities like comments and reposts;
• A feature for conducting giveaways among subscribers.

Creators of popular content can receive tips and direct a portion of them to reward pools.

Addressing Meme Coin Problems

The founder of Sociogram discussed the problems faced by meme coins and the ways to solve them in the Web3 social network:

1. Creator Reputation Scoring — This can be achieved by creating conditions that incentivize using the same account to create meme coins. For example, using public creator data, such as ENS or nickname, the date of the first on-chain activity, the total volume of created tokens, and other similar metrics.
2. Token Contract Template — Using an audited template with customizable parameters during creation. This is currently the only reliable way to exclude vulnerabilities in smart contracts.
3. Content — Only the content of a funny image or story will bring a meme coin closer to the origin of a meme. Just imagine someone telling a funny story or sharing a wild meme picture. Investors can profit from the meme’s growing popularity and enjoy reading it while spending their meme coin portfolio.
4. Community — The main reason for the success of any crypto project, especially in the meme category. DOGE or the recent Notcoin are proof of this. Given the importance of community, it makes sense to reward those who comment or share memes with a small portion of the tokenomics or a percentage of future trading fees. The proposed mechanism could involve more people and create a strong community if the meme is truly good or relevant.