Insights® Digital Asset Report

Asset Ticker

BOME

Description

This Memecoin was introduced by Darkfarms1, a creator of digital art, who became widely known by his first multi-billion Dollar memecoin PEPE.

BOME is short for Book of Meme, a collection of digital art by Darkfarms1 and other artists published under the creative commons (CC) license.

Introducing the BOOK OF MEME: an experimental project poised to redefine web3 culture by amalgamating memes, decentralized storage solutions, and degen shitcoin trading and gambling. This experiment endeavors to encapsulate the ever-evolving meme culture within a digital compendium, the BOOK OF MEME, ensuring each piece is immortalized on the blockchain. The $BOME memecoin on Solana, and Arweave, IPFS as the primary storage of Book Of Meme and future expansions to Bitcoin inscriptions as immutable forever storage, this initiative aims to foster a new dimension of decentralized social media, and make memes unstoppable.

Macro perspective 🟡

• BOME is a Solana-based memecoin and accumulated almost 2 billion market capitalization within two days of its issuance

• It is a collection of memes that is constantly expanded by Darkfarms1 and other artists under a creative commons license, which is free to use for 3rd parties

• Digital art has first experienced significant growth in 2021 when the Beeple NFT by Mike Winkelmann was sold for 69 million Dollars at the auction house Christies

• The digital art narrative has a strong footing in the crypto industry, however assessing the price trajectory and selecting the right asset is difficult

• market capitalization, price structures, global ranking, social media and community strength, contract audits, partnerships, use cases and project plausibility

Asset economics 🟠

• The asset has a > 1 billion coin supply, so 1 Euro additional investment tends not to move the price upwards

• The asset distribution is among many holders and there is no unreasonable holders concentration

• The asset has staking/lending/earning functions, current value transfer

Smart contract check 🟡

• The LP token is not locked or burned, which might lead to an increased token supply

• The data is changeable, however that was explained by the artist due to his constantly adding new artwork and adapting

• The smart contract code is renounced: the owner cannot change the contract anymore, which is is very positive

Access and liquidity 🟢

• BOME is tradable on major exchanges, such as Binance

• The liquidity and market depth are very good

• BOME ist compatible with various Solana wallets

Note: This is only a brief overview on BOME. The full Insights® Report examines more than 100 data points and provides context. It gives you the full picture on the macro perspective, asset economics, simple-to-understand smart contract analysis, accessibility, and liquidity.

You will understand if it is a good buy in the long-run, short-term or not at all.

Get the full BOME report here

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Links:

• https://coinmarketcap.com/currencies/book-of-meme/

• https://x.com/darkfarms1

• https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million

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