Most analyses of meme coin volatility show that meme coins are the most volatile category among all cryptos, primarily driven by hype and community support, and often lacking even the most basic features that crypto enthusiasts expect, 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 meme coin table.Â
However, one of them, Meme Bank, not only offers staking but provides greater utility for meme coins overall. That said, the other two platforms, MemeVault and Sloco, are also worth mentioning, each with its own unique features.
Meme BankÂ
Meme Bank, as the name suggests, is a hub for meme coin communities, featuring individual meme coin banks with staking as one of the standout features. Not only will staking within Meme Bank give meme coin holders the opportunity to generate extra income but it also will reduce the number of meme coins in circulation, and this reduction in supply can increase their scarcity and drive value.
Beyond staking, Meme Bank will introduce utility-driven features like token burns and integration into real-world financial activities. It will also offer meme coin holders secure wallets to store their tokens and enable transactions, token exchanges, and payments using customizable Visa or Mastercard options.
The global banking infrastructure behind each meme coin bank will be powered by Choise.ai and Vault. Choise.ai is an ecosystem in itself, serving over 1 million users and partnering with more than 50 banks, fintechs, and startups worldwide. Vault, on the other hand, delivers fast crypto banking solutions for businesses.
Together, Choise.ai and Vault will enable seamless global transactions and operations within Meme Bank, while ensuring the highest regulatory standards are met. Without this duo, Meme Bank wouldn’t be able to get off the ground long-term – they rely on their combined banking expertise to bring meme coins into serious finance.
But, there’s more to Choise.ai’s ecosystem than Meme Bank, with other products such as:
- Choise.com, a B2C crypto banking platform,Â
- Entropy, an AI-driven L2 blockchain,Â
- PerpeX, a multi-chain DEX for decentralized perpetual markets,Â
- Charism, a DeFi platform for cross-chain exchange, bridging, and staking,
- Synepsia, an AI lab developing solutions for the Choise.ai ecosystem,
- Vbanq is a digital bank for businesses in the digital economy.
Another key thing tying all these products together, including Meme Bank, is the native token of Choise.ai, $CHO. The revenue from Meme Bank will be directed to burning $CHO tokens, reducing their supply and raising their value, which can only benefit $CHO holders.Â
Within the Choise.ai ecosystem, $CHO can be staked for rewards, used as a reward mechanism for transaction validators, provide discounts on fees, and unlock special perks like airdrops or premium features, among other things. Plus, with Vault about to launch its own $VLT token, only people who hold and stake $CHO will get access to $VLT.Â
$CHO is currently listed on MEXC, BingX, KuCoin, and several other exchanges, with growing discussions of its upcoming tier-1 CEX listing.
The word on the street is that an ex-Binance CMO is joining the Choise.ai team, too, adding to the growing attention the project has received after the Meme Bank announcement.
Choise.ai shared a post on X that the first meme coin will soon be on Meme Bank, and the meme coin community is waiting to find out exactly how staking with Meme Bank will function and what its other features will mean for their tokens.
MemeVault
MemeVault, developed by the project Crypto All-Stars, is a multi-token, cross-chain meme coin staking platform that is set to launch soon, after its native token presale ends. The platform will allow users to stake meme coins from different blockchains, offering them the opportunity to earn passive rewards. It will support popular meme coins like $FLOKI, $BRETT, $SHIB, $MOG, and $PEPE, and others from day one, with plans to add even more in the future.
The unique feature of MemeVault is its ability to offer cross-chain staking, which means users can maximize their earning potential without being limited to a single blockchain. Those who already hold $STARS, Crypto All-Stars native tokens, will be able to earn even greater rewards, creating a positive cycle that benefits both investors and the token’s value.
While the platform promises exciting earning opportunities, it’s important to note that the rewards come with a 2-year vesting period, which could be a serious downside for some users. Additionally, aside from staking rewards, there aren’t many other benefits for meme coin lovers, and it seems the main focus is on boosting the value of the $STARS token rather than offering additional perks for the meme coin community.
SlocoÂ
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 an accessible way for meme token holders to earn while participating in a dynamic ecosystem.
The platform is inclusive and will support a wide range of meme tokens without requiring approvals. Its permissionless, decentralized setup lets anyone stake tokens and engage with the platform freely. Sloco also fosters community growth by giving stakers custom links to invite others.
While Sloco provides valuable utility to meme tokens within its gaming ecosystem, it lacks the broader real-world utility that platforms like Meme Bank offer. Meme Bank focuses on providing more comprehensive uses for meme coins beyond staking. This makes Sloco more niche compared to other platforms aiming for wider applicability.
ConclusionÂ
It’s great to see meme coins moving forward, particularly as staking has become a vital aspect of the wider 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.
