ORC Trade risk analyze report—— Memeland
October 15th, 2022

**
Memeland, which has a strong community consensus, deserves everyone's attention.**

Resume

Memeland is a pixel-style metaverse project launched by the Hong Kong 9GAG team, with investors including founder of MoonBirds, well-known angel investor Gary Vee, and the founder of many NFT projects with the lowest price of more than 1 ETH.

Memeland has launched two NFT, The Real MVP and The Potato. The former is the core MVP voucher, with a total of 420, and the current lowest price is 23.95 ETH; The Potatoz, launched in July, uses the Freemint model, with the lowest price always stable at around 1.19 ETH, with great potential for future value-added.

The Potatoz's website is simple and the details are blurry. The NFT series currently showcases the moving pixel art of "potato buds" — but it will eventually evolve into unique potato-style characters.

Image courtesy of Memeland's website
Image courtesy of Memeland's website
Data from The Potatoz on the NFT trading platform
Data from The Potatoz on the NFT trading platform

Basic information about Memeland

Team Background - 9GAG

9GAG is a website that originated in Hong Kong and was founded on April 23, 2008. The website focuses on the sharing of memes and has a very strong meme culture. According to the data, 9GAG has nearly 200 million followers on various social media groups worldwide. It has been sponsored by a number of investment institutions such as First Round Capital, Y Combinator, 500 Startups and so on.

Official Twitter account of 9GAG
Official Twitter account of 9GAG

The 9GAG website was founded by five students led by Chen Zhancheng,a student from HKU. Social platforms like Facebook were not yet popular at that time , so they created the site with the goal of "making the world happier," providing netizens with a way to share funny images and YouTube videos other than email.

The CEO Twitter account of 9GAG
The CEO Twitter account of 9GAG

Inspirational Background of Memeland

Memeland is set in a group of 9,999 captains exploring the Broken Sea, fighting potential monsters, discovering and gaining wealth in Memeland. Memeland expresses the pirates' quest for glory, wealth, love, memories and Meme.

Roadmap & Plan

Memeland has no roadmap and clear plans, and the team expects all NFT holders to be like captains in constant search of destinations. NFT holders can unlock private club memberships, access the creator NFT marketplace, participate in IRL events and upcoming 9GAG drops and projects, and more.

Image courtesy of Memeland's website
Image courtesy of Memeland's website

Market data for the Potatoz series of NFTs

(Note: The data is from the NFTGO and is as of September 29)

At present, the Potatoz series NFT is very hot, the total amount is 10,000, the lowest price is 1.19ETH, the total number of holders is 5.07K, more than 73% of the addresses only hold 1 Potatoz NFT, and the holder has a high degree of decentralization.

The pending order rate is only 1.1%, 88% of holders hold for more than 1 month, 8.82% of holders hold for 7-30 days, and overall holders tend to hold for a long time, and the probability of price plunge is low.

12.3% of the holders, a total of 625 blue chip holders, compared to other NFT projects, this proportion is very high, which also means that Memeland has been paid attention to and favored by NFT professional investors.

Website Links

Official website: https://www.memeland.com/

Twitter: https://twitter.com/memeland

Opensea-The Potatoz:  https://opensea.io/collection/thepotatoz

Opensea-The Real MVP: https://opensea.io/collectiov/youtherealmvp

Discord: https:// discord.com/invite/memeland

Gameplay introduction and NFT empowerment

A——Introduction to the gameplay of the pledge

Briefly

Potatoz → Potatoz evolves → evolves to different stages, receiving different numbers of raffle tickets each week → draw with raffle tickets

Evolve

The type of stake is the same as Moonbirds, the user locks the NFT in the wallet through a smart contract, and the transaction cannot be made during the pledge. At the same time, the pledge process is equivalent to the opening process, and after reaching a certain time, the NFT metadata is refreshed, and Potatoz will produce a change in appearance.

Screenshot from OpenSea
Screenshot from OpenSea

In addition , different numbers of lottery tickets are obtained by different staking times.

After planting potatoes for one week in a row, you will get a ticket, and for each consecutive week of potato planting, you will get an additional ticket for that week.

Potatoz must be planted for at least 7 consecutive days before participating in the weekly draw; If it's less than 7 days old, Potatoz must be planted and users will receive tickets to the next weekly draw.

All tickets collected will go into the weekly sweepstakes and tickets cannot be saved for future use.

Cancel the pledge

When Potatoz stops growing, all tickets associated with that Potatoz will be confiscated.

For example: Suppose you have been planting Potatooz for 69 consecutive weeks, and you will have 69 tickets at the end of that week. However, if it is withdrawn before the upcoming weekly draw, all 69 tickets will be forfeited.

Unstaking also resets the potato's evolution progress. For example: if it takes 14 days to evolve to Stage 2 and the pledge is cancelled on Day 10, you will need to start over and wait 14 days for Stage 2 to evolve.

Lottery

Prizes in the raffle are taken from Memeland's funds as well as partners, and Memeland decides what the weekly prizes are.

To ensure fairness in the lottery, the Memeland team draws the prize using a verifiable random function.

The chances of winning depend on the number of raffle tickets currently owned, with weekly probabilities varying and entirely up to the user (how many Potatoz to stake, how many tickets to generate).

The number of prizes that can be won per week is capped at 1. After the prize is awarded, there is a 24-hour cooling-off period before the prize can be claimed.

If the prize is NFT, a private list is created on 0penSea and only the enacted wallet can be purchased, and to avoid legal risks, users can only claim it after spending 0.00069ETH and Gas fees.

If the prize is not NFT, the official will arrange for the prize to be claimed on Discord. Prize redemption must be completed within 30 days, otherwise the prize will be forfeited.

The prizes for the first installment are: 2 MVPs, and 30 Potatoz.The prizes for the second installment are: 1 MVP, 11 Potatoz, 10 iPhone 14.The prizes for the third installment are: 1 MVP, 11 Potatoz, 10 iPhone 14 Pro.

From the perspective of prize incentives, the team's activities are fair and transparent, and at the same time, they are willing to spend money and combine with trendy goods for publicity, and the team is more willing to do a long-term incentive measure to be more friendly to players who have held NFTs for a long time.

MVP privileges and future planning

The number of tickets received by the MVP will be doubled, and the official plans to release the $MEME token for the governance of the entire ecosystem in the future.

B——Other NFT empowerment in addition to pledge
In addition to the pledge, additional NFT interests are mainly concentrated on YOU the real MVP, which currently mainly includes:

  1. Two Memeland captain airdrops (from the current description, the series is Memeland's main collection, with potatoz characters as native Memeland);

  2. A whitelist of all future projects of Memeland and 9GAG;

  3. Exclusive identities and dedicated channels on Discord.

Operational highlights of Memeland

Memeland's operations are largely centrally driven, with both twitter and discord maintaining community activity with a large number of activities. And the 9GAG website itself has a very deep meme culture, so the content style of the overall operation of Memeland is very biased towards ridicule and jokes, and community communication is very free and open.

Draw on Twitter

Memeland held a large number of Giveaway events on Twitter in the early stages, most of which cooperated with native crypto KOLs and well-known NFT projects, with a strong background:

(Note: The content of this link is compiled by @NotFoundPanda, and if there is any infringement, it will be deleted immediately.)
(Note: The content of this link is compiled by @NotFoundPanda, and if there is any infringement, it will be deleted immediately.)

Consensus community building on Discord

After the official opening of Memeland's Discord, the release of the whitelist is mainly based on various types of meme activities, and the other operational logic is strongly related to the product.

User chatting in the community is free and relaxed, and there are some meme-like content; The strong community consensus has jointly promoted the spontaneous promotion of CCO+Freemint, which shows that most of Memeland's players are not paper hands, and Memeland's strong consensus shows that the future value-added potential is huge.

Summary:

A potential blue-chip project does not build trust by bragging, but by promoting consensus through enjoyable community experiences and activities, and Memeland does exactly that, and its community consensus continues to grow!

Memeland is also introducing additional incentives for those seeking long-term returns. Over the past 30 days, users have frequently traded Potatoz NFT at prices ranging from 1 to 2 ETH.

All in all, Memeland has only been listed for 69 days now, and its trading volume on Opensea has reached the top 150, and the lowest price has remained above 1 ETH, which is a very good result!

The project is still in the early stages of the team's overall plan, the team is backed by 9GAG, the background resources are strong, the team will launch more continuous marketing plans in the future, and will also release MEME token as an ecological governance token. The community consensus of Memeland is very strong, and the vast majority of players are diamond hands, So the Potatoz will likely become a new blue-chip project in the future, and the Memeland ecosystem will gradually prosper, it is recommended to buy and hold the NFT of the Memeland ecosystem.

(*ORC Trade risk analyze report is not an investments advise. )

Subscribe to ORC_Trade
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.
More from ORC_Trade

Skeleton

Skeleton

Skeleton