Tokenomics

5% transfer tax

The first 2% is burned, and the other 3% automatically paired in LP via smart contract. None of the transfer tax on the token goes to the developers! Worth noting: because of this transfer tax, when trading on Quickswap make sure to use at least 5% slippage to account for the 5% tax on MEME transactions.

Pre-Mint (launch details)

At launch 500 tokens were pre minted before ownership was transferred to master chef. Out of that pre mint: - 400 MEME were put directly into quickswap liquidity at 0.5 MEME per matic (matic was $2) - 60 MEME were allocated to community giveaways - the last 40 were allocated to advertising funds. Dev Liquidity contribution locked for 365 days via openzeppelin standard secure token time locking contract (verified) https://polygonscan.com/address/0xB6b9f14A318063BA44D5f21D34fEF0E1016ECA8c#code

Emission rate:

0.6 MEME per block at start block Lowered to 0.5 on friday then by 0.05 every 3 days. This is subject to adjustment over time. The lowering rate after Friday(06-18-2021) is a general guideline, and we will be doing an overview of tokenomics at each time to best balance: - apr based on current supply - volume, burn - and price in order to get desired APR and price stability. Once investigation on those factors is complete, we will share our results and poll for opinions before going through with submitting it to the timelock transaction queue. This ensures for the security of our users, all updates to our contracts must go through a "timelock" and be publicly visible before coming into effect 24 hours for master chef and 48 hours for token burn rate changes). For more info see the timelock security section.