Developers of a little-known cryptocurrency earned $ 10 million in 40 minutes

The sale of Web3 tokens by Memeland (MEME) reached $ 10 million. All virtual assets were sold within 42 minutes after the launch.

In order to be able to purchase digital tokens, community members had to perform various actions and enter a «waiting list». Those who were on the list became investors who had access to the cryptocurrency sale.

As of today, the official website states that MEME’s digital assets have a «no utility» status. This means that this crypto product has no roadmap and no global plans for the industry as a whole. The project developers have not announced any cooperation with companies or integration with crypto platforms.

In addition, the creators of Memeland stated that they do not guarantee financial returns: «No expectations. Just 100% memes.»

The Memeland token was created by the team that founded 9GAG, a popular meme and news sharing site created by a group of influential investors, including YCombinator.

Subsequently, it was reported that «Memeland's upcoming platforms include Holders.com, a travel service, GMGM.com, a video sharing service, Stakeland, a cryptocurrency betting app, and Petsland, a pet-focused service.»

It is worth noting that the meme cryptocurrency sector has been very popular over the past day. All known tokens have risen significantly in price. Pepe (PEPE) was the most pleased with its investors, rising by more than 30%.

The No Worries editorial team strongly recommends that readers do not invest in dubious digital assets!