> For the complete documentation index, see [llms.txt](https://bestmeme.gitbook.io/bestmeme/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bestmeme.gitbook.io/bestmeme/five-stages-of-meme-coins.md).

# Five stages of meme coins

Meme coins have been part of the industry since the advent of Bitcoin.

**• Meme Coin 1.0:** \
   The first generation of meme coins, represented by Bitcoin and Dogecoin, operates on a PoW (Proof of Work) mechanism that issues tokens per block.

**• Meme Coin 2.0:** \
   The second generation appeared in the last bull market cycle with tokens like SHIB,PEPE and pump.fun .etc. \
   These projects launched with small initial liquidity pools and pump the price as buying volume increased. \
   This model is widely seen as unfair and has become a problematic trend in the industry that needs addressing to promote healthy growth.

**• Meme Coin 3.0:** \
   The third type, exemplified by projects like BOME, uses public fundraising and presales with all raised funds going into the liquidity pool. \
   This approach has a degree of fairness, but it lacks decentralization and trust, limiting broader user participation. \
   Factors such as short fundraising windows, trust issues, and the inability to trade freely during the funding period contribute to its limitations.

**• Meme Coin 4.0:** \
   This model focuses on full distribution via airdrops. \
   Airdrops have always been a strong distribution method, existing for a long time. \
   Our platform token will adopt this model to reach a wide user base across the network.

**• Meme Coin 5.0:** \
   **BestMeme**

 

   Our current method of block-by-block fair distribution through smart contracts is a revolutionary improvement over the 2.0 model. 

   This approach not only advances the industry in a positive direction but also enhances the ecosystem’s value, creating a beneficial impact for the market as a whole.

 

   Additionally, this approach is profitable, presenting a business opportunity valued more than $1 billion to $10 billion.

   Current meme coins have been damaging the ecosystem, but with our innovation, it’s time to lead the industry into a new phase.