MemeDictions
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Why Memedictions?
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The Journey Begins...
MemeDictions serves as a specialized platform for investors looking to understand which cryptocurrencies might offer the best return on investment (ROI), explained through your own predictions. Memedictions will showcase market sentiment through engagement. Users will get to approve or disapprove our updated list of tokens using 10 ($MDCT) to vote. 75% of all votes will be allocated to burning the rest (15%) will fund improvement to the utility of the token as well as reward user's correct predictions. (10%)
FAQs
How to Place votes
Voting Mechanism:
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Connect Wallet:
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Users must connect their cryptocurrency wallet (like MetaMask, Trust Wallet, etc.) to the MemeDictions platform. This ensures secure handling of $MDCT tokens for voting.
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Select Coins for Voting:
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On the platform's designated voting page or through a voting interface, users can see a list of meme coins that are up for prediction. These could be selected based on community interest, recent market activity, or through governance votes where $MDCT holders decide which coins to focus on.
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Stake $MDCT:
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To vote, users must stake a specific amount of $MDCT per vote. For example, each vote will cost 10 $MDCT. This staking mechanism ensures that voting is not free, adding weight to each vote since users are investing in their predictions.
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Voting Interface:
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Users choose a coin or multiple coins they believe will have the highest ROI in a given time frame (e.g., one month, three months).
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They then allocate their $MDCT to these choices. The interface will allow for:
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Ranking preferences (e.g., first, second, third choice).
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Or a point system where users distribute a certain number of points across coins to show varying levels of confidence.
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Submit Vote:
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After selecting and staking their tokens, users submit their vote. This action is confirmed through their wallet, ensuring transaction integrity.
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Cryptocurrency trading involves a high level of risk and may not be suitable for all investors. The volatile nature of digital assets can lead to significant gains but also substantial losses. The information provided in this blog post is for educational and informational purposes only and should not be considered financial, investment, or trading advice. Always conduct your own research, assess your risk tolerance, and consult with a professional financial advisor before making any trading decisions. The author and publisher are not responsible for any financial losses incurred due to reliance on this information.
Understanding Risks
Winning Distributions
MemeDictions ($MDCT) Payout and Allocation System
MemeDictions employs a structured reward and allocation system to maintain sustainability and long-term growth while incentivizing user participation. Here’s how the payout structure works:
Correct Prediction Payout – 10% of Total Liquidity Pool
When users stake their $MDCT tokens to predict meme coin performance, the system allocates 10% of the total liquidity pool as the reward pool for correct predictions. The distribution works as follows:
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Single Correct Predictor: If only one person votes correctly, they receive the entire 10% payout from the liquidity pool.
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Multiple Correct Predictors: If multiple users vote correctly, the 10% payout is split evenly among all winners.
This approach ensures fairness and encourages broad participation, as larger pools of users engaging in predictions can still yield meaningful rewards.
Token Burning and Sustainability – 75% Burn Mechanism
To support long-term token value and scarcity, 75% of the total voting pool is burned after each prediction round. This mechanism creates a deflationary effect, reducing the overall supply of $MDCT tokens and potentially increasing their value over time.
Project Funding – 15% Allocation
The remaining 15% is allocated to project funding, which supports:
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Platform development (new features, scalability, and improvements).
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Marketing and community incentives (campaigns, giveaways, and user engagement rewards).
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Operational costs (server maintenance, security upgrades, and ecosystem partnerships).
Summary of Allocation:
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10% – Paid out to correct predictors (split evenly if multiple winners).
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75% – Burned to reduce supply and drive token appreciation.
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15% – Used for platform development, marketing, and operational costs.
This model ensures that MemeDictions remains sustainable, encourages long-term participation, and continuously enhances the platform while maintaining a deflationary economic model. 🚀