Cheems (cheems.pet) priceCHEEMS

What Is Cheems?

Cheems is a meme coin on the Solana blockchain, inspired by the popular internet meme "Swole Doge vs. Cheems." Originating as a joke, Cheems quickly gained traction after a Twitter video went viral in May 2021. The meme coin was created by an individual known as SatoCheems, who initially had no intention of developing a cryptocurrency. However, overwhelming demand from the online community led to the launch of Cheems on May 12, 2021. Since its inception, Cheems has been a community-focused project that embodies the lighthearted, fun spirit of meme culture in the cryptocurrency space.

How Cheems Works

Cheems operates as a decentralized token on the Solana blockchain, a high-performance network known for its scalability and low transaction fees. The token’s distribution was heavily community-driven. Upon launch, 85% of the Cheems supply was airdropped to more than 6,000 early supporters, emphasizing accessibility and community engagement.

Unlike traditional cryptocurrencies with clear utility or technical advancements, Cheems derives its value from its meme-based origins and the strength of its community. The project's lighthearted nature aligns with the broader trend of meme coins, where social media buzz and community participation significantly influence the coin’s visibility and adoption.

The Cheems token leverages Solana’s robust blockchain infrastructure, ensuring fast and cost-effective transactions, making it ideal for the casual and meme-focused audience it attracts.

What Is Cheems Token Used For?

Cheems is a community-driven digital asset with a deflationary tokenomics model. Initially, 7,000,000,000 Cheems tokens were created, but 4,557,946,992.61 tokens have been burned, reducing the current total supply to 2,442,053,007.39 tokens, with a circulating supply of 2,389,036,004.95 tokens. This deflationary approach introduces scarcity, which can influence market dynamics. The token primarily serves as a collectible and speculative asset, fostering community engagement, attracting interest from traders responding to market trends, and promoting meme culture within the cryptocurrency ecosystem.