Proof Of Memes Layer 1 Blockchain Poised For Explosive Growth
Proof Of Memes is a Layer 1 Proof Of Work Blockchain called POMchain designed to enhance the experience of DeFi crypto trading with a memecoin focus. An entire ecosystem of trading tools and tools to improve the memecoin buying and trading process will be constructed through key partnerships with the best developers in the area. The initial coin for the new chain, POM acts as an equivalent to ETH on the Ethereum network, covering gas fees for transactions and payout of mining rewards. Since POMchain is based on a pre-merger fork of Ethereum, individuals will be able to mine POM coins with GPUs or other devices, bringing POM into direct competition with Dogecoin (Doge) and EthereumPoW (ETHW) to capture the former Ethereum mining community.
Any project approved by Proof Of Memes the basis for inclusion on POMpad will undergo rigorous screening, developer experience assessments and community review in addition to full KYC disclosure with a set of requirements called the POMchain Project Verification Protocol (PPVP). Although fraud cannot be fully eliminated 100% of the time by using the methods used to approve a new project on POMpad, it will greatly reduce the risk of all too common problems that occur in DeFi such as rugpulls, pump and dumps, honeypots, including various types of fraud. Any project that does not meet the minimum standards to be on the POMpad launchpad can still launch with a fair launch, presale or private sale without the POM PPVP mark.
To raise additional funds for a POM tier 1 IPO and improve liquidity for the ETH2.0 governance token, the Proof Of Memes Foundation has dropped their exclusive LaunchPack NFT collection of 490 meme and memecoin theme designs based on the logo of ETH2.0. Made with nearly 200 hand-drawn custom assets and a theme based on memes, each NFT is truly distinct. Each NFT holder is entitled to a 20% pre-sale discount on Proof Of Memes blockchain launched at POMpad launch pad.
On top of the impressive 20% discount given to #LaunchPack NFT holders, every owner of an NFT will be sent 10,000 POM when the POMchain network goes live. The POM team has also launched a referral program at launchpack.proofofmemes.org which allows anyone who refers a new buyer to purchase a #LaunchPack NFT to get an extra 10,000 POM coins. The #LaunchPack NFT collection is available for minting now for a price of 0.75 Ethereum at nft.proofofmemes.org. The POMchain network is scheduled to go live in the coming weeks.
