In the ever-evolving landscape of cryptocurrency and blockchain technology, a quirky and innovative project has emerged: BOOK OF MEME (BOME). This experimental initiative aims to immortalize memes on the blockchain, creating a decentralized compendium of internet culture. BOME is poised to redefine web3 culture by amalgamating memes, decentralized storage solutions, and degen shitcoin trading and gambling. The Finestel article dives deeper into BOME, exploring its inner workings and objectives. Let’s explore.
The Genesis of BOME; What Is BOME Coin?
BOME, affectionately known as the “Book of Meme,” is a fusion of creativity, humor, and blockchain technology. It seeks to capture the essence of internet memes and preserve them in an immutable form. Imagine a digital library where each meme is etched onto the blockchain, forever resistant to censorship or deletion. BOME is a meme coin on the Solana chain, launched by crypto artist Darkfarms (@Darkfarms1).
The Purpose of BOME Coin
The primary purpose of BOME is threefold:
- Preserving Memes: Memes are ephemeral by nature. They appear, go viral, and often fade into obscurity. BOME aims to change that by cataloging memes on the blockchain, ensuring they remain accessible to future generations.
- Decentralized Social Media: BOME envisions a new dimension of social media—one where memes are not beholden to centralized platforms. Instead, they exist independently, stored on decentralized networks like Solana, Arweave, and IPFS.
- Degen Shitcoin Trading & Gambling: BOME also aims to encapsulate the meme culture within a digital compendium, while enabling degen shitcoin trading and gambling.
Technical Aspects: Blockchain Platforms
BOME operates primarily on two blockchain platforms:
- Solana: Known for its high throughput and low transaction fees, Solana provides the backbone for BOME’s memecoin ecosystem.
- Arweave: Arweave focuses on permanent data storage. BOME leverages Arweave to ensure that memes are stored indefinitely, even if other platforms fail.
Read about the latest social hype; $BLOCK airdrop.
Storage Solutions
IPFS (InterPlanetary File System): IPFS serves as the primary storage layer for BOME. Memes are hashed, distributed across nodes, and accessible via unique content identifiers (CIDs).
What is the $BOME Token?
The $BOME token represents participation in the BOME experiment. Holders can stake, trade, and engage in degen shitcoin activities within the BOME ecosystem.
BOME Token Tokenomics
The BOME token has the following tokenomics:
– Community Fund (20%): 13,799,931,914 BOME tokens, unlocked in 3 months.
– Liquidity Pools (30%): 20,699,897,871 BOME tokens.
– Presale (50%): 34,499,829,784 BOME tokens.
The token metadata will be mutable so the BOOK can be updated with new memes and images, similar to how DAILYSMOL or LATESMOL update, not every day, but with more dank content.
Market Information
At the time of writing (March 17, 2024), BOME is trading at approximately $0.0202 per token.
- Market Cap: The live market cap stands at around $1,114,592,900 USD. The fully diluted market cap is $1,393,241,126.
- Circulating Supply: There are 55,199,727,655 BOME coins in circulation (80% of max supply).
- Max Supply: The maximum supply of BOME tokens is 68,999,659,569.
- 24h Trading Volume: The 24-hour trading volume for BOME is $3,552,401,625.
How to Buy the $BOME Coin?
To buy BOME (BOOK OF MEME) tokens, you have a few options:
- Binance: Binance, one of the world’s largest cryptocurrency exchanges, recently added BOME to its trading platform.The listing on Binance provides increased liquidity and exposure for BOME, allowing traders to access it easily.
Trading Pairs and Leverage:
-
- Binance users can now trade BOME against various pairs, including BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY.
- Additionally, Binance plans to introduce a USDT-margined BOME Perpetual Contract, offering leverage of up to 50x for traders.
- MEXC Crypto Exchange:
- Create a free account on MEXC via their website or app.
- Pass the KYC (Know Your Customer) verification process.
- Once your account is set up, you can buy BOME coins directly on MEXC.
- ShibaSwap (For Ethereum Holders):
- If you own Ethereum (ETH), you can swap it directly for BOME on ShibaSwap.
- Alternatively, if you have SHIB or LEASH, you can stake them on ShibaSwap to earn BOME passively.
How to Store $BOME Token?
To store your BOOK OF MEME (BOME) tokens, you’ll need a compatible cryptocurrency wallet. While specific wallets dedicated to BOME are not widely listed yet, you can use Solana-compatible wallets or explore other options as they become available. Some popular Solana wallets include Sollet, Phantom, and Solflare. These wallets allow you to securely hold and manage your BOME tokens. Remember to exercise caution, do thorough research, and choose a reputable wallet that aligns with your security preferences. Safeguard your private keys and never share them with anyone.
Predicting the future price of BOME or any cryptocurrency is challenging due to the speculative and volatile nature of the market. As of March 17, 2024, BOME is trading at $0.0202.
Some analysts predict that BOME’s average price may stabilize around $0.05 in 2024, with potential fluctuations between $0.008 and $0.12 based on market dynamics. However, these are speculative projections and not guaranteed.
Always conduct thorough research, consider the risks, and invest responsibly based on your individual financial situation. Cryptocurrencies, especially meme coins, can be highly volatile.
Conclusion
BOME presents a novel experiment within the ever-evolving world of cryptocurrency and blockchain technology. It aims to create a permanent record of internet memes on the blockchain, fostering a decentralized approach to meme preservation and potentially impacting web3 culture. This initiative leverages the Solana and Arweave blockchains for functionality and utilizes IPFS for decentralized storage. While BOME incorporates “degen shitcoin trading & gambling” as part of its ecosystem, it’s important to remember the inherent volatility associated with cryptocurrency investments.
Further exploration is needed to determine the long-term viability of BOME’s multifaceted approach. Whether it successfully redefines web3 culture and achieves its goals of meme preservation and fostering a decentralized social media landscape will depend on various factors, including community adoption and market forces.
Disclaimer
Investing in cryptocurrency involves a high degree of risk and volatility and is not suitable for all investors. This content is for informational purposes only and should not be considered financial advice. Past performance is not necessarily indicative of future results. Please consult with a qualified financial advisor before making any investment decisions.
Leave a Reply