Version 1.2 | February 2025
MemoToken ($MMT) represents a paradigm shift in how we value human attention and meaningful communication in the digital age. Built on blockchain technology, it serves as the foundational asset for MemoTrader, a revolutionary messaging platform that transforms every conversation into a value-driven exchange.
At its core, MemoTrader addresses a fundamental problem in digital communication: the disconnect between message volume and message value. In traditional messaging systems, sending messages is essentially free, leading to information overflow and attention deficit. MemoTrader introduces an economic layer that ensures every interaction carries real value, effectively filtering out noise while amplifying signal.
The platform operates through a unique dual-token system:
- MemoToken ($MMT) functions as the on-chain asset, providing price discovery and market liquidity
- MemoCredits serve as the off-chain transaction medium within MemoTrader, enabling seamless message-based exchanges
This structure creates a closed-loop economy where:
1. Users convert MemoTokens to MemoCredits at a 1:1 ratio
2. Each user has their own message price, reflecting their time's value
3. Senders pay recipients' rates to initiate conversations
4. Recipients earn credits for engaging, creating a sustainable attention economy
Unlike conventional cryptocurrencies, MemoToken is specifically engineered to support this messaging ecosystem. Its carefully structured trading phases and liquidity policies prevent speculative manipulation while maintaining stable value growth aligned with platform adoption. This ensures that token value reflects real utility rather than market speculation.
The vision extends beyond simple messaging - MemoTrader creates a new paradigm where digital communication becomes a two-way value exchange. Whether it's a startup founder seeking expert feedback, a consultant sharing insights, or an influencer engaging with their audience, every interaction generates tangible value for all participants.
MemoToken is an ERC-20 token deployed on the Ethereum blockchain with a fixed supply of 1,000,000,000 MMT tokens. The token has been designed to control inflation and simplify transactions through a zero-decimal structure, ensuring that all transfers occur in whole numbers.
Key Characteristics of MemoToken:
• Fixed Supply: 1,000,000,000 MMT tokens at launch; no new tokens will ever be minted.
• Zero Decimals: Ensuring simplicity in transactions and preventing fractional market manipulation.
• Irreversible Conversion: Once MemoTokens are exchanged for MemoCredits, the conversion is permanent, preventing redemption and ensuring compliance with regulatory requirements as a non-custodial platform.
• Liquidity Controlled by Smart Contracts: MemoToken's price is determined by market dynamics, with liquidity strategies aimed at ensuring smooth trading conditions and reducing excessive volatility.
MemoTrader operates as a closed-loop transaction system where users message each other using MemoCredits, which function as an internal currency. Since MemoCredits exist entirely off-chain, MemoTrader remains legally distinct from traditional cryptocurrency exchanges, avoiding regulatory classifications that would impose burdensome financial restrictions.
How Users Acquire MemoCredits:
1. Users purchase MemoTokens from a crypto exchange or decentralized liquidity pool.
2. Users send MemoTokens to MemoTrader, receiving MemoCredits at a 1:1 ratio.
3. MemoTrader updates its off-chain ledger, issuing MemoCredits to the user.
4. MemoTokens received from these transactions are transferred to the Treasury Wallet (MMT) for strategic use.
Because MemoTokens cannot be withdrawn once converted into MemoCredits, the system prevents speculative token flows while maintaining a stable in-platform economy.
To ensure a balanced and stable market environment for MemoToken ($MMT), we have implemented a strategic liquidity management plan that aligns with our commitment to transparency and long-term sustainability. MemoTrader's mechanisms are designed to prevent market manipulation by third parties (whales, bots, etc.), not to control price direction.
At launch, the total supply of 1,000,000,000 MMT tokens will be allocated as follows:
• Treasury Wallet (MMT): 1,000,000 MMT (0.1%)
• Purpose: Allocated for operational expenses, platform development, and ecosystem growth initiatives. This wallet will also receive MemoTokens from users converting them into MemoCredits within the MemoTrader platform.
• Reserve Wallet (MMT): 997,900,000 MMT (99.79%)
• Purpose: Dedicated to support liquidity, maintain market balance and prevent market disruptions, ensuring fair participation for all users without dictating price movements.
• Initial Circulating Supply: 100,000 MMT (0.01%)
• Purpose: To facilitate initial trading and price discovery, 100,000 MMT tokens will be paired with 1,000 USDC in a decentralized exchange liquidity pool, establishing an initial price of $0.01 per MMT.
• Founder's Fund: 100,000,000 MMT (0.1%)
• Purpose: To compensate the founder for time and resources devoted to this project. This is a fund that will be used entirely at the discretion of the founder, consistent with the principles and practices governing MemoToken.
• Treasury Wallet (USDC): 1,000 USDC
• Purpose: This wallet will be initially funded by the founder and will be used to fund the MemoToken liquidity pool. USDC from the sale of MMT will go into this wallet and used for strategic and operational expenses as well as to support MemoToken liquidity in conjunction with the Reserve wallet.
This allocation strategy is designed to provide sufficient liquidity for early participants while maintaining substantial reserves to support the token's value and the platform’s ongoing development.
The initial liquidity pool, comprising 100,000 MMT and 1,000 USDC, serves as the foundation for MemoToken’s market presence. By establishing this pool, we aim to:
• Facilitate Seamless Trading: Enable users to easily trade MMT tokens with minimal slippage.
• Promote Price Stability: Provide a mechanism for natural price discovery while mitigating excessive volatility.
As the platform grows, we plan to adjust liquidity provisions to align with market demand and ensure ongoing stability.
The Reserve Wallet is dedicated to supporting liquidity and promoting orderly market conditions through predefined, transparent protocols that respond to market liquidity needs, without enforcing specific price targets. Our approach includes:
• Controlled Token Releases: Gradually introducing additional MMT tokens into the market to meet demand without causing inflationary pressures.
• Market Monitoring: Continuously assessing market conditions to inform release schedules and quantities, ensuring actions are data-driven.
• Community Transparency: Regularly updating stakeholders on reserve management activities to maintain trust and openness.
By adhering to this strategy, we aim to uphold the value of MMT tokens and support the long-term viability of the MemoTrader ecosystem.
This structured approach to liquidity and reserve management underscores our commitment to creating a stable and sustainable economic environment for all participants.
The Market Stability Index (MSI) is a key metric within the MemoTrader ecosystem, designed to measure the balance between speculative activity and practical utility. It is calculated as follows:
MSI = MemoCredit Conversions/MMT Purchases
where:
• MemoCredit Conversions represent users trading MemoTokens (MMT) for MemoCredits, indicating real utility and engagement within MemoTrader.
• MMT Purchases refer to the acquisition of MemoTokens from liquidity pools.
• MSI > 1 → Market is utility-driven, with more MMT being converted to MemoCredits than purchased
• MSI < 1 → Market is more speculative, with MMT purchases outpacing MemoCredit conversions
• MSI ≈ 1 → The ecosystem is in balanced equilibrium
MemoToken's market structure evolves through three distinct phases, each with its own liquidity management approach:
• Implements systematic liquidity management through predefined price steps
• Uses automated MMT injection mechanism to maintain price stability
• Operates with specific USDC balance thresholds for price progression
• Exit criteria includes minimum iterations, volume requirements, and stability metrics
- Starting Price: $0.01
- Initial MMT Pool: 100,000 MMT
- Initial USDC Pool: 1,000 USDC
- Initial Liquidity Ratio: 100,000:1,000 (100 MMT : 1 USDC)
Each price increment within Phase 1 is triggered by reaching specific USDC balance thresholds in the liquidity pool:
| Price Step | USDC Threshold | Target Iteration |
|---|---|---|
| $0.02 | 10,500 USDC | ~19 |
| $0.03 | 21,000 USDC | ~30 |
| $0.04 | 31,000 USDC | ~37 |
| $0.05 | 40,500 USDC | ~42 |
| $0.06 | 52,500 USDC | ~47 |
| $0.07 | 61,000 USDC | ~50 |
| $0.08 | 71,000 USDC | ~53 |
| $0.09 | 82,500 USDC | ~56 |
| $0.10 | 91,000 USDC | ~58 |
To maintain price stability during Phase 1, the protocol implements an automatic MMT injection system:
1. **Trigger Condition**: When MMT is sold into the pool, the contract calculates the required injection amount using the formula:
Required MMT = (Intermediate USDC Balance × PRICE_DENOMINATOR) / Current Target Price
2. **Injection Size**: The contract automatically injects the minimum amount of MMT required to maintain the target price for the current step, drawn from the Reserve Wallet.
3. **Price Step Transitions**: Upon reaching a USDC threshold, the contract automatically advances to the next price step, updating the target price for subsequent calculations.
To prevent market manipulation and ensure orderly price progression, the following circuit breakers are implemented:
1. **Maximum Transaction Size**: Individual transactions cannot exceed 5% of the current liquidity pool depth.
2. **Time-Based Constraints**:
- Minimum 24 hours between price step advances
- Rolling 7-day volume requirements for price step qualification
3. **Slippage Protection**:
- Maximum 2% price impact per transaction
- Automatic rejection of transactions exceeding slippage parameters
Advancement to Phase 2 ($0.11 - $0.25) requires:
1. Sustained USDC pool balance above 100,275 USDC
2. Minimum of 60 successful iterations completed
3. Average daily volume exceeding 50,000 USDC for 7 consecutive days
4. No circuit breaker activations in the preceding 14 days
This comprehensive liquidity management policy ensures that Phase 1 provides a stable foundation for MemoToken's initial growth phase while maintaining market integrity and preventing manipulation.
• Transitions from reserve-based injections to Treasury-driven sales
• Implements controlled distribution of 1,000,000 MMT Treasury allocation
• Uses specific USDC thresholds and Treasury sales milestones
• Builds USDC reserves for operational sustainability
Phase 2 represents a strategic shift from Phase 1's reserve-based liquidity injections to a Treasury-driven sales approach. This transition marks MemoToken's evolution from initial market establishment to sustainable growth phase.
• Starting Price: $0.11
• Initial USDC Pool: 100,275 USDC (carried from Phase 1)
• Treasury MMT Allocation: 1,000,000 MMT
• Treasury USDC Balance: 0 USDC
Each price increment within Phase 2 is triggered by reaching specific USDC balance thresholds in the liquidity pool:
| Price Step | USDC Threshold | Target Iteration | Treasury Sales Milestone |
|---|---|---|---|
| $0.13 | 130,275 USDC | ~8 | 50,000 MMT |
| $0.15 | 165,000 USDC | ~15 | 125,000 MMT |
| $0.17 | 205,000 USDC | ~23 | 225,000 MMT |
| $0.19 | 250,000 USDC | ~30 | 375,000 MMT |
| $0.21 | 290,000 USDC | ~38 | 575,000 MMT |
| $0.23 | 325,000 USDC | ~45 | 800,000 MMT |
| $0.25 | 350,275 USDC | ~52 | 1,000,000 MMT |
Unlike Phase 1's reserve injections, Phase 2 implements a controlled Treasury sale strategy:
1. Sale Triggering: When USDC is added to the pool, the contract calculates the required MMT to maintain the target price using the formula:
Required MMT = (New USDC Balance × PRICE_DENOMINATOR) / Current Target Price
2. Sale Execution: The Treasury releases the minimum amount of MMT needed to maintain the current price step, drawing from its 1,000,000 MMT allocation. Sales occur gradually, with larger allocations at higher price points to maximize Treasury value capture.
3. USDC Accumulation: Treasury sales generate USDC for operational expenses and ecosystem development, starting at 0 USDC and building to approximately 207,000 USDC by phase completion.
1. Time-Based Constraints:
• Minimum 24 hours between price step advances
• Rolling 7-day volume requirements for price step qualification
2. Circuit Breakers:
• Maximum transaction size: 5% of current liquidity pool depth
• Maximum price impact: 2% per transaction
• Automatic rejection of transactions exceeding slippage parameters
3. Volume Requirements:
• Minimum daily volume of 50,000 USDC
• Volume thresholds must be maintained for price step advancement
Advancement to Phase 3 ($0.25 - $0.50) requires:
1. Complete distribution of Treasury MMT allocation (1,000,000 MMT)
2. Sustained USDC pool balance above 350,275 USDC
3. Minimum of 52 successful iterations completed
4. Average daily volume exceeding 50,000 USDC for 7 consecutive days
5. No circuit breaker activations in the preceding 14 days
This structured approach ensures Phase 2 provides controlled price discovery while building significant Treasury reserves for future ecosystem development. The mechanism's predictable nature and built-in protections maintain market stability during this critical growth phase, while the gradual Treasury sale strategy optimizes value capture for long-term sustainability.
Once MemoToken completes Phase 2, it transitions to a mature market structure governed primarily by the Market Stability Index rather than specific price targets:
1. Market-Driven Price Discovery
• Price determined entirely by supply and demand
• No predetermined price targets or thresholds
• Focus on maintaining healthy MSI rather than specific price levels
2. Dynamic Liquidity Management
• Liquidity interventions based on MSI readings
• Automated responses to significant MSI deviations
• Priority on maintaining market efficiency over price control
3. Circuit Breakers
• Volume-based trading limits
• Rolling time-window restrictions
• Slippage protection mechanisms
• All tied to MSI rather than absolute price levels
4. Treasury Operations
• Strategic sales based on MSI trends
• USDC accumulation for ecosystem development
• Focus on long-term sustainability
1. Successful completion of Phase 2 requirements
2. Sustained MSI between 0.8 and 1.2 for 14 consecutive days
3. Minimum daily volume exceeding 100,000 USDC
4. No circuit breaker activations in preceding 30 days
5. Active user base exceeding 10,000 accounts
1. MSI Monitoring
• Continuous calculation of MSI across multiple timeframes
• Rolling averages to smooth short-term fluctuations
• Trend analysis for early warning signals
2. Intervention Triggers
• Primary: MSI deviating beyond 0.7-1.3 range
• Secondary: Unusual volume patterns
• Tertiary: Market depth imbalances
3. Response Mechanisms
• Automated liquidity adjustments
• Treasury sale/retention decisions
• Circuit breaker activation/deactivation
• All calibrated to maintain MSI stability
Consistent across all phases, MemoToken maintains robust protection mechanisms:
1. Circuit Breakers
• Maximum transaction sizes relative to liquidity depth
• Rolling time-window volume limits
• Slippage protection parameters
2. Anti-Manipulation Measures
• Prevention of flash crashes through gradual sale requirements
• Protection against coordinated buying pressure
• Monitoring of unusual trading patterns
3. Community Governance
• Increasing role of community input in market decisions
• Transparent reporting of market metrics
• Regular community consultations on market health
This refined market structure ensures MemoToken can evolve from a carefully managed initial phase through to a mature, market-driven ecosystem while maintaining stability and preventing manipulation. The focus on MSI in Phase 3 reflects the token's primary purpose: supporting the MemoTrader platform's utility rather than speculative trading.
• Treasury Wallet (MMT): Receives MemoTokens from the MemoCredit Swap Wallet. These tokens may be sold strategically to generate USDC for operational expenses or liquidity management operations.
• Treasury Wallet (USDC): Holds USDC revenue generated from MemoToken sales and funds ecosystem development, operations, and exchange liquidity management. May also be used for liquidity management operations.
• The Reserve Wallet (MMT) only sells MemoTokens into the market to stabilize price fluctuations.
• No buybacks will be conducted; the Reserve Wallet only releases tokens to maintain market efficiency.
• There are no transfers between the Treasury Wallet (MMT) and the Reserve Wallet (MMT) to maintain economic separation.
• Addresses from the swap wallet are assigned to MemoTrader users.
• MMT that is sent to assigned addresses is recorded in MemoTrader as credit deposits.
• Periodically MMT in the swap wallet will be swept into the Treasury Wallet..
• The sum of MMT received in the swap wallet is used to calculate the Narket Stability Index (MSI).
• Anti-whale protections will prevent large investors from dumping MemoTokens to crash the market.
• Circuit breakers will limit excessive price changes in short timeframes.
• MemoToken’s liquidity operations will undergo third-party audits for transparency.
• Initially, MemoToken will be governed centrally for efficiency.
• A multi-signature (multisig) wallet will be introduced to decentralize control.
• Over time, a DAO governance model will allow token holders to vote on key decisions regarding liquidity management and ecosystem growth.
MemoToken and MemoTrader are designed to create a fair, transparent, and economically sustainable system where liquidity is managed ethically, and users benefit from price stability without artificial intervention.
By implementing these rigorous liquidity management practices, MemoToken will maintain a healthy, trust-driven market environment that grows alongside MemoTrader’s adoption.
For questions or governance participation, contact [team@memotrader.io] or visit our [community platform link].
Last Updated: February 2025
MemoToken ($MMT) is a utility token designed exclusively for use within the MemoTrader ecosystem. It is not an investment, security, or financial instrument under any jurisdiction. Holding or using MemoToken does not grant ownership, equity, or rights to future profits in MemoTrader or any affiliated entities.
MemoToken is not intended for speculative investment. Its primary function is to facilitate transactions within MemoTrader. The development team does not guarantee any increase in value, liquidity, or profitability. MemoToken’s value is solely determined by market dynamics and its utility within the ecosystem.
MemoTrader does not engage in buybacks, price support, or guaranteed returns for MemoToken. There is no obligation for the platform to repurchase tokens or maintain any specific price level.
MemoToken has been structured to comply with applicable laws and does not fall under securities regulations based on current legal frameworks. However, regulations evolve, and MemoTrader reserves the right to adjust its policies to remain compliant with new regulatory requirements.
Users acknowledge that purchasing, holding, or using MemoToken is at their own risk. MemoTrader is not liable for any financial losses due to price fluctuations, regulatory actions, or third-party exchange issues.
MemoToken’s listing on exchanges or trading platforms is not guaranteed. Availability on third-party platforms is subject to independent listing decisions, liquidity conditions, and compliance requirements.
By interacting with MemoToken, users confirm their understanding that it is a utility token with no investment attributes and agree to abide by the terms set forth in this white paper.