Commeme
Unleashing Viral Coins for a Better Tomorrow.
Created on 8th August 2024
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Commeme
Unleashing Viral Coins for a Better Tomorrow.
The problem Commeme solves
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High Risk of Financial Loss for Common Citizens: In the current memecoin market, many individuals fall victim to creators who promote and then abruptly abandon (rugpull) their coins, leading to significant financial losses for everyday investors.
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Zero or Negative Sum Game: The existing memecoin platforms often operate as zero or negative sum games, where the overall outcome leaves more people losing money than gaining, with no real value creation.
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Creators and Degens Benefit While Others Suffer: The current market structure heavily favors creators and degens, who exploit the hype and speculation around memecoins for personal gain, leaving the broader community at a disadvantage.
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Lack of Positive Impact or Value Creation: Most memecoin projects are driven purely by profit motives, offering no real-world benefits or positive impact, leading to a cycle where the common citizen is more likely to lose money without contributing to any meaningful cause.
Challenges we ran into
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Lack of Support for Testnets: Some blockchain networks didn't provide the necessary support for testnets, making it difficult to test and deploy the memecoin projects in a controlled environment.
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No Support for Anon-Aadhaar Verification: While attempting to implement anon-Aadhaar verification on-chain, certain networks like Polygon POS did not support this feature, requiring a shift to Polygon zkEVM.
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Smart Contract Bug: A bug was encountered where a mapping in the smart contracts led to a null address. This issue required several hours to diagnose and fix, delaying the project.
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Wi-Fi Issues in the Hacking Area: Connectivity problems in the hacking area further hindered progress, adding to the challenges faced during development.
Tracks Applied (4)
Best Use of Anon Aadhar SDK
Anon Aadhar
Track 2: SocialFi
Core DAO
Best New Subgraph or Substream
The Graph
Best Dapp on Amoy or PoS Mainnet
Polygon