Stakeland is introduced as a community-first social staking platform by Memeland, aiming to enable the $MEME ecosystem with zero fees.
Stakeland, a new social staking protocol, was announced by the creators behind Memeland and the meme coin $MEME, according to a recent post on X. As a community-first initiative, Stakeland aims to improve the meme coin environment by providing a zero-platform for fee staking that allows users to earn tokens from emerging projects.
What is Stakeland?
Stakeland is introduced as a social staking protocol with a strong community focus developed by the team behind Memeland. It aims to strengthen the Memeland ecosystem and accelerate the growth of the associated meme coin, $MEME. By staking crypto-assets such as $MEME or others, users can earn tokens from new projects by participating in the early stages of the project to receive rewards at minimal costs.
Why Stakeland?
Building on the strong web2 experience of its founders and a promising start in web3, Stakeland recognizes that launching a successful token is a complex task. Despite strong teams and products, a successful token launch is not guaranteed, highlighting the need for a platform like Stakeland.
How Stakeland works
Users stake $MEME and other crypto assets in exchange for Steaks, which are then “burned” to acquire new tokens launched on the platform. The process also involves taking part in simple, fun quests to learn more about these new projects, supporting new ventures with an engaged community base.
The Power of Stakeland
Stakeland is backed by Memeland, the number one NFT ecosystem in Asia and a top ten contender globally by market capitalization. $MEME itself is a top ten meme and NFT related coin with over $3 billion in fully diluted valuation and a market cap of over $500 million.
Costs to use Stakeland
Stakeland operates without fees, offering an even distribution system in the first place in the community. Users can stake and de-stake their crypto assets at any time without a platform fee, paying only the standard gas fee.
Stakeland support for new projects
The protocol provides end-to-end support for token projects, including introductions to high-value investors, liquidity providers and market makers.
The Future of Stakeland
The initial version of Stakeland (v0) was released with basic features, and future developments include the introduction of new tokens, staking levels, stablecoin and hybrid staking options, and a ranking system.
Conclusion and gentle reminders
Stakeland presents itself as a significant development in the meme coin community, offering new opportunities for growth and engagement. As with all investments, potential users are reminded to be alert to fraud and only invest what they can afford to lose.
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