MEME Summer is comming and the MEME story will run throughout the bull cycle.after RHO protocol and $BOME launched.we could create a cool product for MEME summer.

Background

Each round of the Crypto bull market will generate new asset paradigms, such as ICO, DEFI, NFT, BRC20, etc., and these new games will attract a large number of users to join this fun party.

This round of BRC20 protocol has attracted a large number of ordinary investors to join because of its fair launch characteristics. As the community strength accumulates, more investors and developers are encouraged to enter, thus forming a positive growth flywheel.

There are profound reasons why the community likes MEME. It is a real demand that cannot be ignored. At the same time, MEME token carries factors such as joy, excitement, anxiety, hope, and fairness.

From “BONK” to “dogwifhat”, you can see the community's love for meme culture. Now BOME has given MEME stronger community cohesion by raising funds from the community, launching fairly, and everyone can participate, alleviating the lack of liquidity and cohesion of meme. The missing problem also gives artists who have been lost due to the NFT bear market space to express their creativity.

Market pain points

1. The community needs a fair meme project that has a wealth effect and that everyone can participate in.

2. Meme projects lack liquidity and there are too many fraudulent projects, causing ordinary investors to lose funds.

3. It is difficult for NFT artists to start their projects. They need to complete a series of actions such as story creation, fundraising, contract deployment, liquidity management, distribution, and incentives.

4. The last round of NFT has basically disappeared, and the resources of many NFT creators cannot be effectively used. With the take-off of BOME, this has given those creative builders a place to create value for the community.

5. RHO has not yet gained more people’s likes and value discovery. This is because RHO has not yet created value for Solana and has not yet provided services that other builders like. In the absence of strong financial support, we can only gain recognition from others by providing interesting services to others. Therefore, we should comply with the real needs of the market and community and create a platform they like.

6. Summary: Why BRC20 has received widespread support in the BTC community is because it provides a new asset for the BTC ecosystem, allowing ordinary people to issue assets in the simplest way, and allowing ordinary people to participate in a fair way.

Solution

Now we have the opportunity to provide the community with a platform that solves the above pain points and market needs, and can take advantage of the uniqueness of the RHO protocol, so we need to develop some new features to make us a platform where anyone can launch projects, for Builders provide space for creativity.

Sol MEME Projects Launch platform base on RHO protocol: V-0.1

Function：

1. MEME Team register MeMe project information (NFT Pictures, Story, creator information, community fundraising amount, etc.)

2. Project fundraising method: 50% of the tokens are used for fundraising, the remaining 50% of the tokens are used to add liquidity, the Token contract is burned, and the LP liquidity is locked.

3. Project voting: Assuming that 10 projects are registered on our platform to participate in the issuance, all the projects will be listed for community members to vote. Any holder with Sol token can participate in voting. Use the voting behavior of community members to filter which project is the most popular and which project community members most want to participate in. In order for the meme team to successfully raise funds, it will definitely use its social media energy to influence Sol holders, which also promotes the RHO protocol. It can be guaranteed that we are always working with the hottest projects and closest to the community.

4. Voting records can also be used as a whitelist for future community members to participate in fundraising (this is not a required option and is decided by the meme team themselves)

5. Fundraising conditions: In order to limit the emergence of monopoly behavior of individual giant whales, project fundraising can limit the investment limit of each address, or the investment amount can be managed hierarchically. For example: a holder who stakes 1000 RHO can raise funds in Project A When investing 500U, the holder of staking 8000 RHO can invest 4000U when raising funds for Project A.

6. MEME project listing: When the fundraising is completed, the RHO team will add LP to the project party, then burn the LP, and announce it to all community members and the MEME team. This method first reduces the contract management pressure of meme builder, because many people may not be familiar with how to create contracts and add liquidity. Second, avoid MEME creator’s fraudulent behavior and ensure the investment safety of community members.

7. Token distribution after successful fundraising: Receive in batches 8 hours/16 hours/24 hours/48 hours/96 hours/... after MEME liquidity is successfully created.

8. Combining the token attribute of MEME with the entertainment aspect of NFT: Meme needs strong narrative, storytelling, and community cohesion. NFT can bring different expressions to MEME in the form of pictures and videos, which is conducive to the spread of memes. Creators can create dozens or hundreds of different MEME characters for their meme projects to be released. Similar to RHO, each character is exchanged for a fixed number of tokens. For example, the meme project has 10 characters, character A = 100 tokens (200 character A), character B = 1000 tokens (30 character B). The quantity of each character is fixed (rare). For example, user token, then user The next user Z can exchange character B for token before casting character B again. This method can not only bring storytelling to MEME, but also satisfy the rarity of NFT, and realize the defi gameplay of Staking (NFT = staking) , alleviating MEME’s liquidity selling pressure, reducing circulation, achieving a short-term deflationary effect, and then the token price rises. The meme team can later use this method to empower high-value meme nft, thereby forming a new gameplay of NFT + MEME + Defi and increasing the overall value of the meme project.

Questions: What can be done in the second stage?

1. Assuming that RHO can complete the first phase goal and successfully launch 10 MEME projects, how can we use the uniqueness of RHO to allow these meme communities to have more interactions and win-win situations? One possible idea: Two MEME communities A and B can jointly mint a brand new MEME, provided that they jointly design a new meme narrative and destroy a certain amount of A and B to mint a new MEME C.

2. In order to expand the influence of the RHO protocol, we need to be more decentralized and allow meme project creators to create MEME more freely. We can remove the project review link in the first stage and generate the MEME contract and LP at the same time. Automated, eliminating the need for manual processing by the RHO team. At this time, we are more like UNISWAP in the field of meme production. Anyone can create new memes without permission and run them automatically.

3. If the Meme project operates for a long time, it will definitely need the support of the community and funding. Regarding the funding part, a 5% sell tax can be set for each meme project. After the project is launched, the meme community can use multi-signature to manage these 5% taxes and decide how to handle these taxes. Example: 1% is given to meme creators, 2% is used for new user incentives, and 2% is used for user external project cooperation.

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