MEONG TOKEN: A Decentralized Digital Asset

What is MEONG TOKEN

Friends, imagine if there were a digital currency that’s not just for trading, but also helps animals, and even lets you earn rewards while playing games or making art—wouldn’t that be fun? MEONG TOKEN (abbreviated as MEONG) is just such a project. Launched in 2021, it can be seen as a utility meme token. Meme tokens, as the name suggests, are cryptocurrencies inspired by internet culture or jokes, but MEONG TOKEN aims to do more. It doesn’t just stop at being “fun”—it also hopes to contribute to society and the arts.

Simply put, MEONG TOKEN is like a “pet-friendly community” in the digital world, running on the BNB Smart Chain (BSC). You can think of BNB Smart Chain as a highway that allows MEONG TOKEN transactions and features to be fast and inexpensive. In this community, MEONG TOKEN is the main “passport”—you can use it for payments, participate in community activities, and in the future, stake (staking) and purchase digital art (NFTs) within its own ecosystem.

Its core target users are those interested in cryptocurrency, who also love animals, care about social good, and enjoy interacting through art and games. Imagine buying a digital artwork with MEONG TOKEN, and part of that transaction is donated to an animal protection organization—isn’t that cool?

Project Vision and Value Proposition

The vision of MEONG TOKEN can be summed up in three words: Social, Art, and Wealth. It hopes to use blockchain technology to build a platform that creates wealth while also considering environmental and social responsibility.

Specifically, MEONG TOKEN aims to solve the core problem of: how to make meme tokens not just about hype, but have real utility and positive social impact. It demonstrates its value proposition through the following aspects:

• Focus on Pet and Animal Welfare: MEONG TOKEN pays special attention to the pet industry and animal welfare initiatives, dedicated to supporting animal-related charities, especially the protection of wildlife and stray cats. It’s like giving every MEONG TOKEN user the identity of a “love ambassador.”
• Integration of Art and Charity: The project plans to build an NFT marketplace, allowing the proceeds from digital art sales to be distributed to artists, relevant social foundations, and project development, thereby promoting art and supporting charitable activities.
• Community-Driven and Interactive: MEONG TOKEN emphasizes community participation, hoping users can contribute to the community and charity while enjoying games and donations.

Unlike many purely meme tokens, MEONG TOKEN tries to stand out through its unique combination of social and artistic elements. It’s not just a “joke,” but a token with a “mission.”

Technical Features

MEONG TOKEN’s technical foundation is mainly built on the BNB Smart Chain (BEP20). This means it leverages BSC’s high efficiency and relatively low transaction fees.

To ensure network security and transaction efficiency, MEONG TOKEN adopts the Proof of Stake (PoS) consensus mechanism. Simply put, PoS is like a “credit score system”—users who hold and are willing to “lock up” more tokens (i.e., stake) are more likely to be selected to validate transactions and create new blocks. This mechanism encourages honest participation, because if someone acts maliciously, their staked tokens risk being forfeited, thus enhancing network security.

The project also plans a series of technical features to enrich its ecosystem, including:

• Decentralized Exchange (DEX): Convenient for users to trade tokens.
• Staking Function: Allows users to earn rewards by locking up tokens.
• NFT Marketplace: For trading digital artworks.
• Wallet, Swap, Earning, Saving, and Farming DeFi Features: Designed to provide users with more independent financial transaction options.

Tokenomics

The token symbol for MEONG TOKEN is MEONG. It operates on the BNB Smart Chain (BEP20).

Regarding total supply and circulation, there are some differing figures, which is not uncommon in crypto projects but requires special attention:

• Total Supply: Most sources show 687 trillion (687,000,000,000,000) MEONG. The maximum supply is mentioned as 1 quadrillion (1,000,000,000,000,000) MEONG.
• Circulating Supply: The project reports a circulating supply of about 329.16 trillion (329,165,140,764,507) MEONG. However, some data platforms show a circulating supply of 0. This discrepancy may mean the actual market circulation is very small, or the data has not been fully updated and verified.
• Token Burning: The project team has already burned 30.7% of the total supply. Token burning means sending a portion of tokens to an unusable address, permanently reducing the total supply, which is usually intended to increase the scarcity and potential value of the remaining tokens.

Token Utility: MEONG TOKEN plays multiple roles within the ecosystem:

• Payment: The main payment method within the ecosystem.
• Staking: Users can earn rewards by staking MEONG.
• Governance: Holders can participate in governance decisions, influencing the platform’s direction.
• DeFi Applications: Usable in various decentralized finance applications.
• NFT Purchases: Used to buy digital artworks on the platform.

There is currently no detailed information on token allocation and unlocking in public sources.

Team, Governance, and Funding

The MEONG TOKEN project was launched in 2021 by a development team focused on building a community-driven ecosystem. Reportedly, the CEO has over ten years of experience in IT service management, project management, and mainframe application development, and has been an active crypto trader since 2015. This suggests the team has a solid background in technology and crypto markets.

In terms of governance mechanism, MEONG TOKEN encourages holders to participate and allows them to influence the platform’s development. This usually means the project will use voting or other forms of community involvement to decide future directions and major updates.

There is currently no detailed information on the project’s treasury and funding runway in public sources.

Roadmap

Since its launch in 2021, MEONG TOKEN has made some progress and planned future directions:

• Milestones:
• 2021: Project launch, initial listing on decentralized exchanges, and increased visibility through community participation and strategic partnerships.
• Early Development: Focused on community engagement and strategic partnerships.
• Q1 2022 (Completed): Planned development of NFT marketplace and transaction logs, and held a game competition with 19 Indonesian game developers, planning to launch 19 games.
• Future Plans:
• Upcoming: Plans to launch a decentralized exchange (DEX) to facilitate seamless community trading.
• New Features: Plans to introduce staking, allowing users to earn rewards by participating in the network.
• Community Expansion: Will continue to prioritize community engagement, including expanding partnerships and increasing user education resources.

Common Risk Reminders

Friends, in the cryptocurrency space, risk always goes hand in hand with opportunity. For MEONG TOKEN, we need to pay attention to the following points:

• Market Volatility: As a meme token, MEONG TOKEN’s price may be affected by community sentiment, social media trends, and overall crypto market fluctuations, with high uncertainty and volatility.
• Data Transparency: Currently, there are inconsistencies or “insufficient data” regarding key figures like MEONG TOKEN’s circulating supply and market cap. For example, some platforms show a circulating supply of 0, while others show tens of trillions as self-reported. This lack or inconsistency of data makes it harder to assess the project’s true value.
• Liquidity Risk: Some sources indicate MEONG TOKEN’s trading volume is very low, and some platforms note there is no active trading market. Low liquidity means you may have difficulty buying or selling tokens at ideal prices.
• Project Activity: Although there is information indicating the project is still actively developing, poor market performance (such as low trading volume and market cap) may suggest limited actual influence or user base.
• Regulatory Risk: Global regulatory policies on cryptocurrencies are still evolving, which may impact MEONG TOKEN’s operations and development.
• Technical and Security Risks: Any blockchain project may face smart contract vulnerabilities, network attacks, and other technical risks.

Please remember, the above information is for reference only and does not constitute investment advice. Always conduct thorough personal research (DYOR - Do Your Own Research) before making any investment decisions.

Verification Checklist

If you want to learn more about MEONG TOKEN, you can check the following information:

• Block Explorer Contract Address (BNB Smart Chain):
  0x464acc420607d818f271875552868ddf8095cafe
  You can use this address to view token transaction records and holder distribution on the BNB Smart Chain block explorer.
• Official Website:
  https://meong.io/
• Social Media: X (Twitter) account and Telegram group.
• Whitepaper: Although I was unable to directly obtain the MEONG TOKEN whitepaper, multiple crypto information platforms mention its existence. It is recommended to try searching via the official website.
• GitHub Activity: No GitHub repository or activity information was found in public sources, which may mean the project code is not public or inactive and needs further verification.

Project Summary

In summary, MEONG TOKEN is a utility meme token project launched in 2021, running on the BNB Smart Chain, with “Social, Art, and Wealth” as its core vision. The project aims to build a community-driven ecosystem by combining pet welfare, digital art, and gaming, allowing users to have fun and earn potential rewards while contributing to social good. It plans to launch a DEX, staking, NFT marketplace, and more to enrich its ecosystem.

However, when evaluating MEONG TOKEN, we also need to remain cautious. Currently, there are inconsistencies or missing key data such as circulating supply and market cap, and market trading volume is low, all of which indicate potential liquidity and transparency risks. Although the project team has experienced members and clear future plans, actual market performance and data transparency are aspects investors should pay close attention to.

For any cryptocurrency project, it is crucial to thoroughly research its whitepaper, team background, technical implementation, community activity, and market data. Please remember, cryptocurrency investment is high risk. This article is for information sharing only and does not constitute investment advice. For more details, please conduct your own research.