What is Meme Cake

Meme Cake is a Social NFT multi-chain marketplace built for communities. Meme Cake is the new face of Marketplace, which aims to create transparency and social interaction with project creators and the community on an open platform.

Meme Cake currently supports Solana and Dfinity Blockchain

The Problem

  1. On January 11, scammers pulled off one of the largest NFT rug pulls in the history of the Solana blockchain. The scammers made off with 9,136 SOL, or around $1.3 million at the time, in funds sent by would-be collectors to mint “Big Daddy Ape Club” NFTs—except there were no NFTs.
  2. Magic Eden, Solana’s biggest NFT marketplace is trying hard to mitigate the use of bots on the network, which continues to be a significant problem for NFT projects on Solana.
  3. The best-in-class NFTs are too expensive for the regular joe to buy, creating opportunities for copycats to emerge. 99% of NFTs will go to zero because of this. The hype takes away common sense.

The Opportunity

  1. Meme Cake's social platform can help filter out good and bad projects to some extent. Community is the key towards raising funds in the Initial NFT offering launchpad of Meme Cake.
  2. KYC'd projects and the proven team are mandatory to launch in Meme Cake, thus reducing rug pulls. In addition, every team will have a communication index to the profile and a credit ranking system that will enable the community to understand the communication of the project pre and post-launch.
  3. Build a platform that can catapult great teams and projects by reducing the marketing cost. Since the community is already built into the Meme Cake social, it would be easy to reach out to the community and launch projects with the community vote.
  4. Build Meme Cake DAO and empower the community to make decisions eventually.

Meme Cake Offerings

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Social Feed

Social Feed is the constantly updating list of stories in the middle of your home page. News Feed includes NFT updates, photos, videos, links, likes, and comments from people.

Posts that you see in News Feed are meant to keep you connected to the people, projects, and things that you care about.

  1. Show off your NFT’s and build conversations.

  2. Be active in the community and earn rewards.

  3. Share your NFT’s with your followers.

  4. Share or embed your links to blogs or other social media websites