Mother of Memes

Mother of Memes (MOM) is a meme cryptocurrency that allows users to swap their existing meme tokens with the native token (MOM) available on the platform. (A meme token is an asset inspired by an online joke or meme.) The platform offers users the ability to trade their untradeable tokens for the MOM tokens. According to the website, the network also aims at conducting several charitable activities like initiating Covid-19 vaccination drives. The token intends to get one million people vaccinated.

The network allows participants to create, as well as trade, on the meme NFT platform. The network aims at rewarding the community and providing convenience to them using DeFi methods. Of every transaction, 2% is added to the liquidity pool that would offer liquidity to the trader to trade the MOM token. The platform also implements a reflection mechanism through which every user holding MOM tokens may be rewarded with 1% of the transaction just for holding the tokens on the platform. The protocol seeks to burn the MOM tokens to initiate stability in the long run. (Burning is the process of removing coins from circulation by sending them to an inaccessible wallet address, thereby increasing the value of the token.)

At the launch, the platform issued 100 quadrillion MOM tokens.