Recently, the crypto market has witnessed a strong rise of a new name: Book of Meme (BOME). Although it was only launched in March 2024, BOME quickly entered the top most noted meme coins, creating a wave of FOMO on social media platforms and major exchanges. So, what is Book of Meme (BOME)? What is special about it that makes it 'viral'? Let's explore in detail in the following article.
What is Book of Meme?
Book of Meme is a memecoin built on the Solana platform with the goal of creating a new dimension for decentralized social networks and making memes invincible. Book of Meme combines elements of memecoins, social networks, and building a digital repository for memes. The project was created by Darkfarms, a well-known artist in the cryptocurrency art community and also the person behind the memecoin PEPE.
What is BOME Token?
BOME is the native token of the Book of Meme project, a memecoin built on the Solana platform. Below are some use cases for BOME Token:
Payment: BOME Token is used to pay for services on the Book of Meme platform, such as buying memes, participating in contests, etc.
Governance: Users holding BOME Token have the right to participate in earning.
Rewards: Users can earn BOME Token by creating, sharing, and trading memes.
What are the highlights of Book of Meme?
Here are some unique points of the Book of Meme platform:
Impressive launch: BOME appeared in March 2024 and had an incredible value growth of up to 3,000% immediately after launch.
BOME was created by Darkfarms, the artist behind the famous Pepe meme.
Building a permanent storage library for meme coins using Arweave, IPFS, and inscriptions technologies. Additionally, BOME is a social network platform that allows cross-chain storage.
BOME operates on the Solana platform in conjunction with Arweave and IPFS, promoting decentralized social media and providing tools for creating and sharing memes.
Where to buy and sell BOME Token?
At the time I write this article, BOME has been traded on many major and minor exchanges around the world. Among them, the Binance.com exchange is currently the largest exchange in the world supporting the trading of this Coin.
Anyone intending to buy this coin can trade on this exchange.
Registration link for Binance for those who do not have an account:
Book of Meme Tokenomics
Information about Book of Meme:
Name: Book of Meme
Trading name: BOME
Type: Utility Token
Platform: Solana
Total supply: 68,999,659,569 BOME
Current circulating supply: 68,966,327,627 BOME
Listed: March 2024
Price at listing: $0.001148/1 BOME
BOME Token allocation:
Pre-sale: 50%
Liquidity group: 30%
Community fund: 20%
Why is Book of Meme (BOME) successful?
Memecoins like BOME succeed due to their viral nature and appeal. These Memecoins are designed to attract the attention of vibrant online communities, often inspired by characters, individuals, animals, or works of art that can be mimicked - in this case, BOOK OF MEME represents a category of famous memes that have achieved enthusiastic popularity in the cryptocurrency field.
Moreover, the low entry price and potential for significant profits make meme coins attractive to many, despite their high volatility and speculative nature. In the case of BOME, there is another factor: the creator is not only known by identity but is also a famous internet artist. Darkfarms has created some of the most popular memes in this field, including the Pepe meme, making this meme coin project very appealing.
Who created Book of Meme (BOME)?
Book of Meme was founded by Darkfarms - a famous artist in the crypto art community and the creator of the PEPE memecoin, a unique project that has attracted the attention of investors and memecoin enthusiasts.
Darkfarms, with a reputation and extensive experience in the memecoin field, plays a crucial role in the success of Book of Meme. This project is not just a book, but also a bridge between the world of memecoins and art, bringing a fresh experience to the community.
Should you invest in Book of Meme (BOME)?
Deciding to invest in Book of Meme (BOME) or any other cryptocurrency carries risks and depends on many personal factors, so I cannot provide specific investment advice for you.
However, I can provide some information to help you make an informed decision:
BOME was created based on virality and humor on social media. Meme coins typically have high volatility and higher risks compared to other cryptocurrencies.
BOME has recorded significant growth in a short time, with some investors achieving hundreds of times returns.
BOME has attracted attention from the cryptocurrency community and has high trading volume, with a large market capitalization.
Like other meme coins, BOME has high volatility and high risk. Values can fluctuate significantly and are hard to predict.
The project has a clear development roadmap with specific goals and plans.
Consider before investing:
You should thoroughly research BOME, including the whitepaper, development roadmap, team, community, etc.
Determine your risk tolerance and consider whether BOME is suitable for you.
Only invest money you can afford to lose.
You should diversify your portfolio by investing in various cryptocurrencies to minimize risks.
Wishing you successful investments!!!
