Memechan ($CHAN): Meme Coin on the Solana blockchain

CoinEx
4 min readJun 19, 2024

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What is memechan?

Memechan is a meme coin built on the Solana blockchain and has the token $CHAN. It is designed to leverage the fast and scalable network to offer a unique and engaging experience for its users. Unlike traditional cryptocurrencies that focus solely on utility and function, memechan embraces the cultural and social aspects of the crypto community. It aims to create a vibrant ecosystem where memes, humor and community interaction play a central role. memechan’s bonding curve model includes features such as a 1-hour cooldown for trading after purchase and a one-day lock period upon migration to Raydium, with a subsequent 7-day unlock period, incentivizing holding and staking. These measures are designed to create a fairer trading environment.

Goals of memechan

memechan wants to be the best place for launching meme coins. They’re focusing on creating a flexible platform with advanced features and fair token rules. They also aim to build a strong community that supports both creators and

the $CHAN community, to integrate Solana routing for purchases into the bonding curve, enhancing the accessibility and versatility of our platform.

Why Solana?

The choice of Solana as the underlying blockchain for memechan is strategic. Solana is renowned for its high throughput, low transaction costs and excellent scalability. These features make it an ideal platform for memechan, ensuring that transactions are not only fast and cost-effective but also environmentally friendly due to lower energy consumption compared to other blockchains.

Key Features

SLERF as Liquidity Provider Token: Unlike traditional meme coins that use Solana ($SOL) as their liquidity pair, memechan uses SLERF as the LP token. This approach aims to mitigate common issues such as pump-and-dump schemes.

User-Friendly Meme Coin Creation: memechan simplifies the process of creating meme coins on the Solana blockchain, requiring no coding knowledge or liquidity seeding. This democratizes the creation of meme coins, allowing anyone to participate in the fun.

Multiple Launch Options: memechan aims to offer various options tailored to different tokenomics and project strategies, providing token creators with the tools and flexibility needed to launch successful tokens.

Meme Ecosystem Support: memechan is designed to support meme projects, aligning with the overall vision of bringing meme-themed digital assets to the cryptocurrency space.

memechan Tokenomics

Tokens launched on memechan will follow this tokenomics structure:

  • 49% Liquidity Pool: This ensures strong liquidity for the token.
  • 50% Prelaunch Allocation: This is given to early buyers and strategic partners.
  • 1% Airdrop to Staked $CHAN Holders: Tokens that finish the bonding curve will airdrop 1% of their supply to staked $CHAN holders. This strategy boosts the number of initial holders and increases token visibility without harming the token’s success.

Price Action of CHAN Network on CoinEx

As of June 18, 2024, the current price of the CHAN token is $0.004270. Its all-time low was $0.004538 and its all-time high was $0.01399 USD. In the past 24 hours, the trading volume was $38,640. The total market cap is $4.22 million and the circulating market cap is $4.18 million.

Where Can I Buy and Trade $CHAN?

CoinEx is a global cryptocurrency exchange trusted by more than 6+ million users worldwide with a 100% reserve. With its 1000+ coins supported, users can now trade easily and seamlessly on CoinEx.

Overview

*This article does not constitute investment advice.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM) and financial management services for over 5 million users across 200+ countries and regions. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.

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