Presenting Mememagic (MMMG), the world’s first meme coin on the Solana Chain-Based, which launched its IEO, burned 91% of its total supply, achieved 20K+ holders, reached 100K transactions, and witnessed a spectacular 2800% price rise in just 24 hours.
According to the community, Mememagic’s upcoming token sale will release 10 billion Mememagic (MMMG) tokens for public sale, aiming to establish an open, decentralized, community-driven economy. The token sale, set to commence on June 27th at 08:00 UTC, has the primary objective of achieving an appropriate price for the MMMG token and showcasing its real-world functionality.
“This initiative is primarily established and elected by the community for the community.” The community determines the market projections, including the token’s price and supply.
As a community-based token, MemeMagic appreciates in value with each purchase. Every token purchase automatically triggers a burn, effectively controlling the total number of tokens in circulation. This mechanism is a key factor behind MemeMagic’s uniqueness.
Ex: In the IEO sale, if anyone purchased 100 MemeMagic (MMMG) tokens, the buyer will receive 100 MemeMagic (MMMG) tokens, and at the same time, 100 MemeMagic (MMMG) tokens will be sent to the burning wallet automatically. This burning process will continue until the IEO sale is completed.
This may be the first instance in the crypto industry, which is also a characteristic of the Solana chain in the first series, burning 91% of the total supply and benefiting all community members.
As a result, the token successfully reached over 100,000 transactions, and the price of the token increased by 2,850% in more than 24 hours without being listed on any exchanges.
The token gained over 20,000 holders in one night, which is a significant boost. Additionally, the community sent another 1% of the management holdings to a burning wallet. Therefore, after the IEO sale, we can estimate the price of the token to be between
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