Proof Of Memes or POM (POM/USDT – Trade it here) is a layer 1 memecoin blockchain. They have an entire ecosystem of trading tools and utilities to improve memecoin purchasing and buying process. Basic information for the POM token is available on the MEXC Digital asset introduction page.
How does it Work
Proof of Memes aims to improve the experience of DeFi crypto trading focusing on memecoins. Currently, they are building a full ecosystem of trading tools and utilities to improve the memecoin purchasing and trading process. These utilities include POMSWAP DEX and memescan.io Block Explorer.
We had all heard of Dogecoin. However, Dogecoin is not programmable. Developers cannot build directly on top of it despite being the largest memecoin by market cap. This is where POM comes in. They are here to be the governance token for L1 blockchains of meme coins. They are building a platform where not only meme coins can launch and develop, but also provide proper utility and trust.
When a new project transfers to POMCHAIN, all POM holders will be able to use their airdropped tokens to invest in meme coins. Furthermore, they can swap their POM for other cryptocurrencies on a centralized exchange or use it as an onramp or offramp to fiat. Currently, they have their own NFT collections. It is a limited edition utility NFT. The NFT holders will receive a discount on presales. Holders will also receive VIP access towards all POM events long with free travel and stay! Their entire project is fueled by ETH 2.0. It is also their governance token at the moment. In the future, they have plans to move ETH 2.0 into POMG, combining them into 1 token.
Difference Between Coin and Token
In our articles, there are two types of terminology, coin and token. Are they the same? Actually, they are different. A coin, is a crypto asset that has its own blockchain. They are also called native token (Not the same as token). For example, you have bitcoin, litecoin even dogecoin. On the other hand, tokens are crypto assets that runs on another blockchain. The most popular blockchain would be the ERC 20 tokens. For example, there are Hashflow, GM Wagmi, Maker and many more!
Usually, coins are used for payments and payments only. There are no utility usage of it. In comparison, tokens have more applications. They are the governance tokens and utility tokens. You can use these tokens for different types of products and services!
Recent Price & Performance of Proof Of Memes Token (POM)
MEXC recently listed Proof Of Memes in our innovation zone! They are currently traded at $0.18505 USD per unit. They have a fully diluted market cap of $184,858,532. You can check the live price of POM Token right here!
How to buy Proof Of Memes Token (POM)
You can buy Proof Of Memes Token (POM) on MEXC by the following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “POM” using the search bar to see the available trading pairs. Take POM/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of POM you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy POM] to confirm your order. You will find the purchased POM in your Spot Wallet.
You can find a detailed guide on how to buy POM tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshot and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!