What is Book of Meme (BOME)? How does it work?

The Book of Meme project garnered significant attention in mid-March 2024 when an individual transformed a 420.69 SOL investment into a staggering $19,000,000 within a mere 36 hours. This remarkable feat has sparked curiosity about the project itself.

Let’s delve into the world of Book of Meme, a Solana-based project, with AZCoin.

What is Book of Meme?

A new cryptocurrency project built on the Solana blockchain
A new cryptocurrency project built on the Solana blockchain

Book of Meme (BOME) is a new cryptocurrency project built on the Solana blockchain. Created by renowned crypto artist Darkfarms, BOME aims to establish a permanent archive for meme coins. Officially launched on March 12, 2024, following its initial concept introduction on March 10th, BOME envisions itself as a versatile platform.

Darkfarms describes BOME as offering features like:

  • A renewable subscription-based digital magazine
  • A meme creation tool
  • A meme library that allows free copying and modification

Essentially, BOME aspires to be the central hub for memes, providing creative tools, access to a meme library, and leveraging blockchain technology to establish ownership and distribution.

Outstanding event of BOME token

The Book of Meme (BOME) leverages cutting-edge technology from Arweave and IPFS to create a permanent repository for memes, ensuring both security and easy access. BOME also plans to utilize Bitcoin Inscription and evolve into a social platform for data storage.

The unique aspects of the BOOK OF MEME project

BOME is a memecoin built on the Solana blockchain
BOME is a memecoin built on the Solana blockchain

The project is unique for its focus on meme storage on the Solana blockchain.

Key features:

  • Solana-based memecoin: BOME is a memecoin built on the Solana blockchain.
  • Meme storage: The project aims to create a permanent public repository for memes using blockchain technology. This repository will store NFTs representing memes.

What makes Book of Meme (BOME) so attractive?

Book of Meme is a groundbreaking project that uniquely combines memes, decentralized storage solutions, shitcoin trading, and gambling all within one platform. This innovative approach promises a fresh and exciting Web3 experience.

Led by DarkFarms, the creator of the popular Pepecoin memecoin, Book of Meme is expected to revolutionize the memecoin and Web3 space.

The project has garnered significant community support, as evidenced by the successful presale which attracted a large number of investors. This demonstrates strong confidence in Book of Meme’s potential.

To trade BOME and other cryptocurrencies, you must select a trustworthy exchange. Refer to the best crypto exchanges 2024 for guidance.

Why is the community focusing on BOME?

BOME's trading volume reaching $1.8 billion per day
BOME’s trading volume reaching $1.8 billion per day

Bitcoin’s recent surge from $60,000 to over $70,000 in less than a month has sparked renewed interest in memecoins, reminiscent of the 2023 bull run when BTC reached $30,000. This market enthusiasm has fueled the BOME project, which raised over 10,131 SOL (approximately $2 million) during its presale.

Following its presale, BOME was listed on decentralized exchanges (DEXs), making it readily accessible for trading. Lookonchain data reveals that presale participants experienced significant profits, reaching up to 2,000%, boosting BOME’s liquidity. This investor interest propelled the project’s market capitalization to $300 million within just two days of its launch.

The BOME frenzy intensified on March 16th when centralized exchanges (CEXs) like Binance, Kucoin, and Bybit announced its listing. This led to a surge in BOME’s trading volume, reaching $1.8 billion per day, and its market cap soared to $900 million.

However, the popularity of BOME has also given rise to concerns about the potential for scams. The presale model, while popular, has been exploited by fraudulent projects. Some memecoin projects have lured investors with promises of token distribution after upfront payments, only to later engage in slow rug pulls, where developers gradually sell their tokens, driving the price down to near zero, leaving investors powerless.

Basic information of BOME token

BOME's market capitalization is currently $700,568,503 USD
BOME’s market capitalization is currently $700,568,503 USD

What is BOME’s market capitalization?

BOME’s market capitalization is currently $700,568,503 USD. This places it at number 123 on CoinMarketCap’s list of cryptocurrencies with the largest market capitalization.

Technical specifications of BOME token

  • Token Name: Book of Bome
  • Ticker Symbol: BOME
  • Blockchain: Solana
  • Token Type: SPL
  • Contract Address: ukHH6c7mMyiWCf1b9pnWe25TSpkDDt3H5pQZgZ74J82
  • Total Supply: 68,999,659,569 BOME
  • Circulating Supply: 55,199,727,655 BOME

BOME token allocation

The BOME token allocation is as follows:

  • Pre-sale: 50% of the total token supply, equivalent to 34,500,000,210 BOME.
  • Liquidity Pool: 30% of the total token supply, equivalent to 20,700,000,126 BOME.
  • Community Fund: 20% of the total token supply, equivalent to 13,800,000,084 BOME.

Where can I buy or sell BOME tokens?

You can buy or sell BOME tokens on the following exchanges:

  • Centralized Exchanges (CEX): Gate.io, HTX, KuCoin, BingX, MEXC, Bitget, CoinEx, and more.
  • Decentralized Exchanges (DEX): Raydium, Orca, Jupiter, and more.

Should you invest in BOME?

Investing in BOME is a risky proposition. While it’s a new token that has garnered attention and experienced rapid price increases, experts advise caution. Meme coins are inherently volatile and unpredictable, so it’s crucial to conduct thorough research and consider all potential risks before making any investment decisions.

Summary

Through this article, it is hoped that you will have an objective view of Book of Meme coins at the current time. However, the cryptocurrency market always carries significant risks.

Therefore, what we need to remember is to play meme coins with money that we can afford to lose. To evaluate and choose a reputable trading platform, check out the Evaluation Process page.

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