Proof Of Memes

Proof Of Memes is an ETH fork blockchain created for Memecoin developers and traders. It is a layer 1 proof-of-work blockchain, referred to as POMchain, made to streamline the experience of DeFi crypto trading with a focus on Memecoin. The native coin for the chain, POM, acts like ETH on the Ethereum network and covers gas fees for transactions as well as paying out mining rewards. Since the POMchain is based on a fork of Ethereum before the merge, users will be able to mine POM coin with GPUs and other devices.

ETH2.0 is both the governance token for POMCHAIN and the fundraising tool for developing in-house utility products. The products will create a deflationary effect on POM coin and the ETH2.0 token on the ETH chain. Microtransaction fees on products offered, like decentralized swaps or liquidity lockers, will burn POM coins. The development of products on the platform will be determined and coordinated by the ETH2.0 community of traders and developers via governance.

To raise extra funds for a POM tier 1 exchange listing and increase liquidity for the ETH2.0 governance token, the Proof Of Memes Foundation released a LaunchPack NFT collection with 490 meme and Memecoin-themed character designs that are based on the logo for the ETH2.0. The collection was made with almost 200 hand-drawn custom assets and includes a theme based on memes. NFT holders are entitled to a 20 percent presale discount on the blockchain dropped on the POMpad launchpad.