MemeCore · M
The meme-economy Layer 1, secured by holding its own coin
You must hold M to pay gas and to stake under its Proof-of-Meme consensus, but the chain runs close to empty — about one transaction per block and a few dollars a day in fees — while the supply keeps minting with nothing buying it back.
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M · a clock that mints, and nothing that takes back.
M is the native asset of MemeCore, a meme-economy Layer 1 — 5B at genesis, 10B max mined through block rewards, ~1.33B counted as circulating.
Sell pressure. Block rewards, and only block rewards — 30 M per block at a 7-second block time, 33.33M M over 90 days. Behind it sits about 4.07B M outside the float with no published release calendar.
Buy pressure. Nothing measurable. The gas burn is unrated and the chain is near-idle, and the $10M treasury buyback approved on Jul 2 2026 has no disclosed timing, no named wallet and no confirmed purchase.
Net. A steady mint with no offset — +2.51% to market over 90 days, and the same again ahead unless the buyback starts showing up on-chain.
- Block-reward mint continues~33.33M MContinuous · 30 M minted every block at a 7-second block time
- Foundation treasury buyback≥$10MApproved Jul 2 2026 · execution timing withheld · no purchase confirmed on-chain yet
The chain mints 30 M with every block at a 7-second block time, so 1,110,857 blocks over the last 90 days added 33.33M new M straight into the reward contract. About 90% of that is paid out to validators and the meme-coin delegators staking behind them; the rest stays in the contract. This is the only mechanism adding M today, and it runs whether the chain is busy or idle.
No per-cliff release calendar has ever been published for the non-community allocations, and no dated cliff fell inside this window. The independent supply series backs that up: counted supply rose by almost exactly the block-reward amount and no more, so nothing extra was released alongside the mint.
No public evidence of release in window — monitored. Tracked overhangs: about 4.07B M sits outside the counted float, split across foundation 15%, core contributors 13%, investors 12% and a meme treasury 2%, none of it on a published release calendar; the reward contract holds a further 12.37M M of undistributed block rewards, growing about 3.33M every 90 days; and the treasury wallet meant to receive repurchased M has never been named. The foundation stated it did not sell during the June 2026 turmoil.
There is no bankruptcy estate, trustee schedule or court-ordered distribution attached to M. Nothing here can add supply.
No buyback is written into the protocol. Nothing in the chain's own code repurchases or retires M, so there is no automatic absorption to measure.
The docs say only that part of the gas fee may be burned, with the rest recycled back into reward pools, and no rate is published. The chain averages about one transaction per block, so even the most generous reading of that policy destroys well under 600 M across a whole 90 days, and both standard burn sinks held flat across the window. Too small and too unconfirmed to count.
The foundation approved a treasury buyback of at least $10M on Jul 2 2026, but said it would not disclose execution timing or method. Repurchased M goes to the foundation treasury wallet rather than a burn address, that wallet has never been published, and no purchase has been confirmed on-chain. Announced capacity with no schedule and no observable execution counts as zero until a flow is seen.
No new lockup contract, staking cap or escrow with an announced size was deployed in this window. Staking on this chain unbonds freely, so staked M is not removed from supply.
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