😺The Lifecycle of a Meme

This article provides a quick and simple overview of what happens to a meme on the Burning Meme platform, from creation to trading.

Step 1: Meme Creation

• AI Tools: Use our AI tools to create a meme.

• Submission Fee: Pay a small 200 $Guru fee to submit.

• Choose a Path: Select either the Voting Path or the Direct Launch Path.

Step 2a: Community Boost (if chosen)

• The community votes for 1 hour, if the boost path is chosen.

• Users lock $Guru to either to support a meme.

• Fair System: A fair voting system prevents manipulation.

• Outcome: Meme launches on a bonding curve. Collected $Guru tokens are used to make a first purchase on bonding curve and gets distributed to author and boosters.

Step 2b: (Direct Launch)

• Initial Purchase: Directly launch the meme by purchasing by creator at least 100 $Guru of the new memecoin on the bonding curve.

• Start Bonding Curve: The bonding curve will immediately be activated for the meme.

• No Airdrop: Launching through direct path will not make users eligible for airdrops.

Step 4: Bonding Curve Trading

• Open Trading: Anyone can buy and sell memecoins on the bonding curve.

• Price Discovery: The bonding curve determines price based on trading activity.

Step 5: DEX Listing

• Market Cap Goal: When the memecoin reaches $60,000 market cap, it will be listed on a decentralized exchange (DEX).

• Open Market: Trading shifts from the bonding curve to the DEX.