Most analyzes of meme coin volatility show that meme coins are the most volatile category among all cryptos, driven primarily by hype and community support, and often lacking the most basic features expected by meme coins. crypto enthusiasts, like staking. But, as we head towards the end of 2024, things are finally changing, with not one, with three projects finally bringing staking to the coin table.
However, one of them, Meme Banknot only offers staking, but provides greater utility for even coins as a whole. That said, the other two platforms, MemeVault and Sloco, are also worth mentioning, each with their own unique features.
Meme Bank
Meme Bank, as the name suggests, is a hub for coin communities, featuring individual coin banks with staking as one of the most notable features. Not only will staking within Meme Bank give meme coin holders the opportunity to generate additional income, but it will also reduce the number of meme coins in circulation, and this reduction in supply may increase their scarcity and increase their value .
Beyond staking, Meme Bank will introduce utility features such as token burning and integration into real-world financial activities. It will also offer coin holders secure wallets to store their tokens and enable transactions, token swaps, and payments using customizable Visa or Mastercard options.
The global banking infrastructure behind every meme coin bank will be powered by Choice.ai And Jump. Choise.ai is an ecosystem in itself, serving over a million users and partnering with over 50 banks, fintechs and startups around the world. Vault, on the other hand, offers fast crypto banking solutions to businesses. Together, Choise.ai and Vault will enable seamless global transactions and operations within Meme Bank, while ensuring compliance with the highest regulatory standards. Without this duo, Meme Bank would not be able to take off in the long term – they are leveraging their combined banking expertise to introduce meme coins into serious finance.
But the Choise.ai ecosystem is not limited to Meme Bank, with other products such as:
- Choise.com, a B2C crypto banking platform,
- Entropy, an AI-driven L2 blockchain,
- PerpeX, a multi-chain DEX for decentralized perpetual markets,
- Charism, a DeFi platform for cross-chain trading, bridging and staking,
- Synepsia, an AI laboratory developing solutions for the Choise.ai ecosystem,
- Vbanq is a digital bank intended for businesses in the digital economy.
Another key element that connects all of these products, including Meme Bank, is Choise.ai’s native token, $CHO. Meme Bank’s revenue will be spent burning $CHO tokens, thereby reducing their supply and increasing their value, which can only benefit $CHO holders.
Within the Choise.ai ecosystem, $CHO can be staked for rewards, used as a reward mechanism for transaction validators, offer fee discounts, and unlock special benefits such as airdrops or features premium, among others. Additionally, while Vault is set to launch its own $VLT token, only people who hold and stake $CHO will have access to $VLT.
$CHO is currently listed on MEXC, BingX, KuCoin and several other exchanges, with discussions growing about its upcoming CEX Tier 1 listing.
A former Binance CMO is also rumored to be joining the Choise.ai team, adding to the growing attention the project received following Meme Bank’s announcement.
Choise.ai shared an article on
MemeVault
MemeVault, developed by the Crypto All-Stars project, is a multi-token, cross-chain coin staking platform that is expected to launch soon, after the pre-sale of its native tokens ends. The platform will allow users to stake meme coins from different blockchains, providing them with the opportunity to earn passive rewards. It will support popular meme coins such as $FLOKI, $BRETT, $SHIB, $MOG, and $PEPE, and others from day one, with plans to add even more in the future.
MemeVault’s unique feature is its ability to offer cross-chain staking, meaning users can maximize their earning potential without being limited to a single blockchain. Those who already hold native $STARS tokens, Crypto All-Stars, will be able to earn even greater rewards, creating a positive cycle that benefits both investors and the value of the token.
Although the platform promises exciting earning opportunities, it is important to note that the rewards come with a 2-year vesting period, which could be a serious drawback for some users. Additionally, aside from staking rewards, there aren’t many other benefits for meme coin enthusiasts, and it seems that the main goal is to increase the value of the $STARS token rather than to increase the value of the $STARS token. ‘offer additional benefits to the meme coin community.
Sloco
Sloco is a GameFi platform on the Solana blockchain that introduces staking for meme tokens, allowing holders to convert their assets into productive resources. This staking model provides monthly rewards based on token contributions, supporting gameplay and liquidity within the platform. It offers meme token holders an accessible way to earn while participating in a dynamic ecosystem.
The platform is inclusive and will support a wide range of meme tokens without requiring approval. Its decentralized and permissionless setup allows anyone to stake tokens and freely interact with the platform. Sloco also promotes community growth by providing stakeholders with personalized links to invite others.
While Sloco offers valuable utility to meme tokens within its gaming ecosystem, it lacks the broader real-world utility that platforms like Meme Bank offer. Meme Bank is focused on providing more comprehensive uses of meme coins beyond staking. This makes Sloco more niche compared to other platforms aiming for broader applicability.
Conclusion
It’s great to see meme coins moving forward, especially as staking has become an essential aspect of the broader crypto ecosystem. Meme Bank, Meme Vault and Sloco will certainly be in the spotlight, with even more attention on Meme Bank for all the additional features it will offer, which will mean a lot to the meme coin community.