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Because MemoTokens cannot be withdrawn once converted into MemoCredits, the system prevents speculative token flows while maintaining a stable in-platform economy.