MemeCore: A Layer 1 Built Around Meme Coins and Its M Coin
An EVM chain that rewards meme culture with ‘Proof of Meme’
MemeCore is an EVM-compatible layer-1 blockchain that presents itself as a home for meme coins, and M is its own coin. Its slogan, “Meme 2.0,” frames memes as cultural activity worth rewarding rather than pure speculation.
1. What it is and who builds it
MemeCore is developed by a team led by chief executive Jun Ahn, and its mainnet opened in early 2025. Because it runs the Ethereum Virtual Machine, existing wallets such as MetaMask and Ethereum tools work on it, and its token standard, MRC-20, extends ERC-20. In March 2025 it announced strategic investment from IBC Group, Waterdrip Capital and others.
M has a fixed maximum supply of 10 billion and pays for fees and staking. Some 58% is earmarked for the community, while other shares unlock on a schedule. On the Crypto Nation map, M stands in BNB Chain City: MemeCore has its own mainnet, but the first chain in CoinGecko’s data is the bridged BNB Smart Chain version.
2. Proof of Meme and Meme Vaults
Its consensus is branded “Proof of Meme,” but in practice it mixes proof of authority, with approved validators, and delegated proof of stake. Validators must self-stake at least 7 million M, and the block-proposer role rotates every 10 blocks. Holders can stake M, or approved meme coins, with validators to earn rewards.
When a new MRC-20 meme token launches, 5% of its supply goes into a Meme Vault and is paid out over about 1,000 days to stakers and contributors. The team also runs MemeX, a no-code launchpad. The idea is to reward people who create and spread content, but how contributions are measured depends largely on rules the team sets.
3. Ecosystem and milestones
M was listed on several centralised exchanges, including Bitget, in July 2025, and it is bridged to BNB Smart Chain through Meson. Besides MemeX, the chain hosts token and NFT makers, a Uniswap-style exchange and Telegram games, plus a team-run explorer and staking site.
The team has used hard forks, upgrades that change the chain’s rules, to adjust settings such as block rewards and gas prices. A 2025 upgrade cut block rewards, and node software released in early 2026 carried hard forks that slash gas prices and bring in Ethereum’s Cancun and Prague features.
4. Things to know
With few validators and a team that effectively sets network parameters, decentralisation is still limited. Until formal on-chain governance takes hold, team decisions weigh heavily, and critics note that an independent foundation structure is not yet clear.
Much of the total supply is not yet circulating, so future unlock schedules matter. M’s price has swung sharply, meme-driven ecosystems can lose attention quickly, and user numbers in promotional material are self-reported and need independent checks.
Written from information public up to October 2026. It does not recommend or rate any coin and is not investment advice. If something is wrong, please tell us through the contact page.