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MEMOries (Wonderland) (MEMO)MEMO
$26.81
45.85%
MEMOries (Wonderland) (MEMO)
MEMO Price
$26.81
45.85%
Rank
#6,750
Market Cap (24H)
Unknown
Volume (24H)
$2,406
200.47%
Circulating Supply
Unknown
Transp. Vol.
Grade
1H1D1W1M1Y
+45.85%
MEMOries (Wonderland) logo
MEMO
United States Dollar logo
USD
AVAX0x136ac...edde3c9
AVAX
Verify address & DYOR
Contract
AVAX0x136ac...edde3c9
AVAX
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://www.wonderland.money/
CommunityTwitterTelegramDiscordGithub
MEMO is an ERC20 token deployed on the basis of Binance Smart Chain. Also known as MEMOries, it is implemented as an Et...Read more

MEMOries (Wonderland) Price (MEMO)

MEMO Daily Performance

Today's MEMOries (Wonderland) price is $26.81, which is up 46% over the last 24 hours. MEMOries (Wonderland)'s market cap is unknown. 24 hour MEMO volume is $2,406. It has a market cap rank of 6750. MEMOries (Wonderland) is traded on exchanges. MEMOries (Wonderland) had an all-time high of $12,244 8 months ago. Over the last day, MEMOries (Wonderland) has had 0% transparent volume and has been trading on 9 active markets with its highest volume trading pairs being .

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MEMOries (Wonderland) Statistics

MEMOries (Wonderland) Price (24hr)$26.81 (+45.85%)
Market Cap
Trading Volume (24hr)$2,406 (+200.47%)
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating SupplyUnknown
All-Time High
$12,243.71-99.78%
11/11/2021 (8 months ago)
7D Price Prediction
N/A

Price

$26.81
Price Change
$8.4268 (45.85%)

All-Time High

$12,243.71
Date of ATH11/11/2021
Days Since ATH234
% of ATH0.22%
Price vs ATH

About MEMOries (Wonderland)

MEMO is an ERC20 token deployed on the basis of Binance Smart Chain. Also known as MEMOries, it is implemented as an Ethereum-based smart contract. MEMO presents a decentralized financial payment network that reconstructs the traditional payment stack on the blockchain. The network relies on the basket of fiat-pegged stablecoins which are algorithmically stabilized by the reserve currency MEMO.

The cryptocurrency MEMO was released by the Wonderland platform that calls itself the first DeFi cross-chain reserve currency protocol. The platform is based on a unique combination of economy and game theory mechanics that employ different strategies including minting and staking of assets to earn rewards. The MEMO protocol is a cross-chain fork of Olympus that plans to adopt a DAO-governed model in the future. Though the core members of the team are still eligible to take serious decisions about the product development at the time of writing, a new governance mechanism has been introduced already to make the structure more decentralized.

The Wonderland platform

Launched in September 2021, Wonderland has introduced a policy-controlled currency system based on AVAX with the goal of bridging several chains. The project pays much attention to the diversification of its treasury and focuses on the growth of the community. In January 2022, when the treasury reached a billion dollars, the Wonderland community covered over 360K members thus becoming the largest DAO on Avalanche. The benefits of the system include the active approach to treasury management. As its unique offering involves token swaps and extraordinary high yield strategies, it helps its users to derive more benefits from the platform.

The protocol is fueled by the TIME token which is supported by the basket of assets entering the Wonderland treasury and providing an intrinsic value to the token. The Wonderland protocol also features an exclusive minting mechanism that integrates the DAO into the ecosystem and helps to get revenues from investing in NFT games, a betting facility, and other promising projects such as the Avalanche Liquid Staking product. At the time of writing, Wonderland actively uses airdrops for its promotion.

One of the challenges that the platform faces is the removal of dilution that causes downward pressure on the price. Dilution happens as a result of the minting processes. The team plans to update the minting mechanism to make it produce an immediate stabilizing effect and eliminate this problem.

Wonderland tokens

MEMO is the token used for staking on the Wonderland platform. Along with MEMO, the Wonderland platform also actively uses its two other tokens. One of them is TIME, which due to its technical specifics can be confused with a stablecoin but in truth, it is not. Its primary goal is to become an algorithmic reserve currency that is supported by other DeFi assets. The second is wMEMO, a wrapped version of MEMO.

When staking TIME, users get MEMO in return, while wMEMO is needed to operate with MEMO tokens elsewhere and take advantage of its DeFi composability. Members of the ecosystem can employ wMEMO, for instance, on the services like Abracadabra.money, a lending platform partnering with the Wonderful ecosystem.

Thanks to composability, which is a core principle of DeFi, users holding wrapped MEMOs continue getting all rebases in the system. A decentralized approach presupposes interactions with other protocols in different combinations. The procedure of wrapping is necessary to interact with other protocols because MEMO as a rebase token can create issues for other protocols. The transition of MEMO to wMEMO creates numerous possibilities for the protocol that enables the integration with plenty of projects across different chains. The procedure of wrapping described above is not the only way to get a wrapped version of MEMO. It is possible to buy it from exchanges directly so as to interact with MEMO rebases. At the same time, users can always unwrap their wMEMO and then unstake TIME if needed thus going in the opposite direction, in case they purchased wrapped MEMO first.

The team makes everything it can to improve the user experience and increase the value of assets. Their focus on the promotion of wrapped MEMO expands the presence of the token on numerous chains. In January 2022, the platform launched a new wMEMO-MIM pool on Sushi. At the same time, the facility has also migrated AVAX-MIM LP to Sushi for an easier onboarding experience. Also, it enables AVAX token holders to acquire wMEMO directly. Many popular chains have launched wMEMO-MIM pairs thus stating the beginning of the multichain ecosystem expansion.

Wonderland governance

In December 2021, the company introduced a governance framework aiming to empower the community with tools and guidance on how to craft proposals and make decisions about new projects. The community gained a possibility to participate in the elections of treasury management and make decisions on the future of the protocol. For instance, at the time of writing, there is a proposal for Abracadabra and Wonderland to merge.

Wonderland team

The team of the platform used to be anonymous in the past. Now that its members have come out into the light, some of their real names have been revealed to the public. Daniele Sestagalli is known as the founder of the project. He has also founded several popular DeFi protocols such as Abracadabra Money and Popsicle Finance. Also, he is referred to as a leader of the Frog Nation.

Michael Patryn, one of the top executives, has co-founded a notorious QuadrigaCX, a Canada-based cryptocurrency exchange. The failed platform turned out to be a Ponzi scheme resulting in the loss of 190 million USD worth of crypto in 2018. After some Twitter user revealed his identity, the token price plummeted to an all-time low of 335 USD. Michael Patryn was known as Sifu under his online pseudonym and was responsible for treasury management in the community. Though he stepped back from his position, his discovery was still a huge blow to the reputation of the project.

Despite the bad news, Daniele Sestagalli hasn’t distanced himself from Michael Patryn. He admitted that had known about his criminal past but had given a sort of second chance to his manager.

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MEMOries (Wonderland) Markets

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MEMOries (Wonderland) Historical Data

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Frequently Asked Questions

  • What’s the current MEMOries (Wonderland) price? How much is 1 MEMOries (Wonderland) worth?

    The price of 1 MEMOries (Wonderland) is $26.81. Over the last 24 hours, a MEMOries (Wonderland) is worth 45.85% more. Visit our currency converter page to convert MEMO prices to currencies other than USD.
  • When did MEMOries (Wonderland) start?

    The earliest trading data for MEMOries (Wonderland) is on October of 2021 (based on current exchange data).
  • How high can the MEMOries (Wonderland) price go?

    MEMOries (Wonderland)’s price has gone as high as $12,244 (which is MEMO’s all-time high). It achieved this price 8 months ago. Speculations abound for how high MEMOries (Wonderland)’s price will get in the future.
  • What's the smart contract address for MEMOries (Wonderland)?

    MEMOries (Wonderland)'s smart contract address is 0x136acd46c134e8269052c62a67042d6bdedde3c9.

Today's MEMO / MEMOries (Wonderland) News for July 3, 2022

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