Matchain Launches First Meme Project: LOL! 1 Billion Users, Endless Possibilities!

INTOWeb3
9 min readSep 20, 2024

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Meme tokens have skyrocketed in popularity this year. Early in the year, the platform Pump.fun launched, offering one-click meme token sales. Tokens like Michi, Shark Cat, EPIK, and FWOG saw returns of up to 1,000x within just a few months.
Shortly after, Sun Yuchen introduced SunPump, a meme token sales platform built on the TRON ecosystem. SunPump launched tokens such as SUNCAT, SUNWUKONG, DRGN, and IVFUN, delivering returns of over 100x in just a few weeks. This rapid success propelled SunPump ahead of Pump.fun in monthly revenue, capturing widespread attention across the crypto space.

Recently, just a few days after the Matchain mainnet launched, the first one-click meme token launch platform based on Matchain, Moon Whales, quietly went live. It may become the third major meme token launch platform following Pump.fun and SunPump.

If you missed the benefits from Pump.fun and SunPump, don’t miss out on the third major meme token launch platform — Moon Whales.

Currently, Moon Whales has launched quietly without any marketing promotion. Once it begins its official marketing efforts, it could ignite a new wave of meme token opportunities on Matchain.

Why Meme Tokens Are Popular in the Community?

Meme tokens are cryptocurrencies inspired by meme culture and community resonance found on the internet and social media. The first Meme token created is the well-known DOGE, which was launched in 2013. As a parody, its concept originated from the popular Doge meme featuring a Shiba Inu. Since its launch, its price has increased by over 1000 times.

Meme tokens have gained popularity primarily due to their cultural resonance and the potential for substantial returns. In the traditional cryptocurrency space, such as with BTC and ETH, tokens priced in the thousands can only be purchased in fractions, creating a high barrier to entry for 98% of users. This limitation restricts their ability to invest meaningfully and realize significant profits.

Currently, many cryptocurrency projects backed by institutions and venture capital (VC) tightly control their tokens, which are primarily held by project teams and investors. As a result, when these tokens launch, they often achieve market valuations in the hundreds of millions or even billions of dollars. This creates limited opportunities for value appreciation for community users, making it challenging for ordinary investors to achieve substantial gains later on.

Moreover, these VC-backed projects continually release tokens into the market each year, generating persistent selling pressure that leaves 95% of retail investors feeling trapped and unable to profit. Consequently, retail investors are increasingly aligning themselves with sentiments opposing VC-backed tokens.

In contrast, meme coins offer a unique advantage. Their tokens are typically in circulation from the outset and are often issued collaboratively by community members, resulting in a fairer distribution mechanism. In the early stages post-launch, market values may only reach a few million dollars. However, as these coins grow to valuations of one billion to several billion dollars, there are opportunities for returns of up to a thousand times.

This process is marked by a lack of substantial selling pressure from project teams or capital through large token unlocks, fostering a sense of fair launch within the community. This environment cultivates strong community-driven momentum, with members who are passionate about the culture and more inclined to promote the coin. It is this community strength that imparts a unique vitality to meme coins, setting them apart in the cryptocurrency landscape.

Moreover, Meme coins often feature an enormous supply, frequently reaching hundreds of billions of tokens. With a low total market value, investors can acquire tens of thousands to over a million tokens for just one dollar. This accessibility allows small investors to potentially achieve significant profits. Consequently, ordinary investors can enter the market with minimal capital and become vital contributors to community engagement.

As the saying goes, “many hands make light work.” When the market starts to favor a particular asset, it’s not unusual for its value to skyrocket by 10 or even 100 times in a single day, resulting in significant wealth creation. This phenomenon quickly turns into an industry sensation, attracting user traffic and other advantages.

Matchain’s First Smiley Culture Meme Project, LOL, Launching Soon!

Background of LOL’s Creation

With the rapid development of internet social media, meme culture has woven itself into the fabric of daily communication. Nearly all chat applications and short video platforms now feature a vast array of memes, transforming this culture into a global phenomenon.

Among these, smiley memes stand out for their simplicity and infectious appeal, making them essential tools for social interactions.

In this vibrant context, Matchain has launched its first smiley culture meme project, LOL. This innovative project skillfully blends meme culture with blockchain technology, leveraging AI to create a unique “happy mining” model centered around smiles and sounds. This approach allows users to participate fairly in the issuance of smiley culture meme coins, earning rewards through emotional and social interactions while establishing a distinctive economic ecosystem.

LOL Happy Mining: 1 Billion Users to Drive Growth — The Future is Limitless!

The core of the LOL project is to utilize AI technology to transform users’ emotional experiences into value. Users can engage in “happy mining” by sharing their laughter, videos, or images in the Telegram channel. The AI evaluates the level of happiness and distributes LOL tokens as rewards. Each cycle lasts 24 hours, during which users can earn rewards up to three times.

As a premier global social platform with a user base of 1 billion, Telegram underpins LOL’s “happy mining” model. This significantly reduces barriers to entry, enabling users to participate in mining effortlessly through the Telegram app.

Additionally, by offering incentives like invitation rewards for earning LOL tokens, this approach promotes rapid sharing on the Telegram platform, attracting its 1 billion users to engage in the spread of smiley culture and encouraging broad participation in the LOL ecosystem.

This innovative mechanism not only captures the interest of regular users but also facilitates the rapid spread of the game on social platforms, positioning LOL firmly within the meme space.

LP Mining

LP Mining is a key highlight of the LOL project, allowing users to earn rewards by providing liquidity to decentralized exchanges (DEX). The total yield from LP Mining represents 25% of the total supply of LOL tokens (awaiting official announcement), with rewards distributed based on the liquidity provided by users and acceleration parameters set by NFTs. This DeFi mechanism injects significant financial momentum into the LOL project, enabling users to enjoy the benefits of decentralized finance while actively engaging in community interactions.

This mechanism is designed to create strong user retention and incentives, enhancing the project’s liquidity and the stability of the ecosystem.

LOL NFT Mining Bonuses

LOL NFT is a vital component of the LOL project, serving as an acceleration tool for both “happy mining” and “LP mining,” enhancing users’ earning potential. Each LOL NFT is sold through a mystery box as an acceleration pass, featuring unique attributes that provide different levels of enhancement.

Key attributes of LOL NFT:

  • Happy Mining Value Boost: Each NFT offers a yield enhancement of 1% to 100% during happy mining, allowing users to earn higher rewards by showcasing their laughter.
  • LP Mining Boost: During LP mining, each NFT provides an acceleration effect of 1% to 100%, helping users achieve faster returns in liquidity mining.
  • Extra Mining Attempts: Some LOL NFTs grant additional attempts for happy mining, offering users 1 to 3 extra opportunities for rewards.

As the project matures, the value of LOL NFTs will go beyond simple acceleration functions, offering significant social value. NFT holders may enjoy exclusive privileges in future community events or receive special recognition in certain project scenarios. As the ecosystem expands, the scarcity and utility of NFTs will further increase their value, establishing them as essential assets within the LOL ecosystem.

LOL Tokenomics
Token: LOL
The economic model of the LOL token has not yet been fully disclosed. However, a notable advantage of the LOL project is that there will be no initial circulating supply; all LOL tokens will be generated through user mining before entering the market.
Funds raised from the sale of LOL NFT cards will be allocated to the liquidity pool on decentralized exchanges (DEX). Users can earn LOL tokens through cross-chain mining, LP mining, and happy mining, allowing them to buy, sell, and cash out at any time.
Moreover, as tokens are produced, the issuance rate will decrease after a certain amount of LOL is generated, providing early users with a greater opportunity to earn significant mining rewards.

How to Earn More LOL Tokens Early
Currently, the LOL project has not officially launched, so early users can only earn LOL tokens through LP mining, happy mining, and cross-chain mining. Additionally, as tokens are produced, the issuance rate will decrease after a certain amount of LOL is generated, providing early users with a greater opportunity to earn substantial mining rewards.
At this stage, owning LOL NFTs offers mining bonuses, allowing users to achieve higher LOL token output within the same mining cycle. Depending on the rarity of the LOL NFT’s attributes, holders can receive a mining yield boost of 1% to 100%.
Assuming an average mining bonus of 50%, if the price of LOL tokens doubles or even multiplies several times each month, the earnings from these LOL NFT bonuses could be significant. Furthermore, LOL NFTs may appreciate in value and will eventually be tradable on major NFT platforms.

How to Purchase LOL NFTs:
LOL NFTs are set to go on sale on September 6 at 9:00 AM (UTC). The standard price for the blind boxes is 200 USDT (currently available at a discount). After purchasing a blind box, you’ll have the opportunity to open it and potentially receive one of five different rarity levels of LOL NFTs, ranked from lowest to highest as follows: N, NR, SR, SSR, and UR.
Higher rarity levels provide greater mining bonuses, resulting in more LOL tokens produced during the same mining cycle.
The LOL NFTs will be released in three batches, totaling 100,000 NFTs, with the following early discount pricing:
First Batch: 50,000 boxes at a 50% discount
Second Batch: 30,000 boxes at a 60% discount
Third Batch: 20,000 boxes at a 70% discount
To purchase LOL NFTs, visit: https://www.lolai.xyz/lol-nft

Future Outlook

In summary, the LOL project emphasizes innovation by establishing the “happy mining” model on Telegram, effectively lowering barriers to entry for users. Participation in mining requires nothing more than using the Telegram social app, making it accessible to a wide audience.

As a leading global social platform, Telegram boasts a user base of 1 billion, offering substantial traffic potential for LOL. By implementing incentives such as invitation rewards for earning LOL tokens, the project aims to facilitate rapid dissemination across the Telegram platform. This approach will attract more users to engage in the spread of smiley culture, positioning them as key participants in this trillion-dollar market.

Related Resources

LOL NFT Purchase Guide: https://s.followin.io/s/SZnfE7utFG

BNB Cross-Chain Bridge: https://app.routernitro.com/swap (to bridge BNB Chain to Matchain, such as cross-chain BNB, USDT, etc.)

MSwap: https://mswap.info/#/swap(easily swap tokens on Matchain’s decentralized exchange; purchase LOL NFTs using Matchain’s USDT)

Official Website: https://www.lolai.xyz/

Twitter: https://x.com/lolaixyz

Telegram Channel: https://t.me/lolaixyz

Telegram Chat: https://t.me/lolaixyzchat1

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