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What Is Cheems (CHEEMS)?

Launched on May 12, 2021, this Cheems-themed memecoin is the first to utilize the world-famous Cheems meme. Cheems centers around a Shiba Inu named 'Balltze,' whose endearing expressions and humorous distortions of language, such as misspelling words to end in '-m,' have captivated internet users globally. It's also one of the first memecoins on the Solana blockchain, establishing a significant presence in the meme-based cryptocurrency market. Notable derivatives include Bonk, a later meme featuring Cheems being hit on the head with a baseball bat, which emerged in late 2022. Cheems champions a vibrant community of free-thinkers who value free speech and challenge societal norms. The enduring presence of Cheems in a market where many memecoins quickly vanish underscores its importance not just as a meme but as a durable and influential entity in the cryptocurrency landscape.

Furthermore, Cheems actively encourages its community to innovate, resulting in the development of various projects with the token in the center of the economy. Notably, Cheems Arena, a video game inspired by the meme, has garnered attention for its creativity and entertainment value. Additionally, projects like the sex.sol casino and The Jeets Protocol, a project aiming to leverage third-world countries to pump Cheems to $1, exemplify the community's commitment to expanding the utility and reach of Cheems beyond traditional boundaries.

Who Are the Founders of Cheems ?

The founder of Cheems token, known within the community by the pseudonym SatoCheems, remains anonymous but actively engages with the crypto community. Identified by the Twitter handle @K3RMITCRYPTO, SatoCheems initially introduced Cheems as a Joke on Twitter in April 2021. However, the overwhelming response from the Solana community prompted SatoCheems to transform the idea into a tangible project. SatoCheems has been dedicated to fostering decentralization within the Cheems ecosystem, actively involving and empowering the community. Choosing to maintain anonymity, SatoCheems aims to reinforce the notion that Cheems is controlled by its entire community rather than a single founder. This deliberate decision emphasizes the project's commitment to decentralization and community-driven governance. Similar to Bitcoin's enigmatic creator Satoshi Nakamoto, SatoCheems' anonymity adds an element of intrigue to the project's origins. While the true identity of SatoCheems remains undisclosed, their dedication to building a decentralized and community-driven platform aligns with the ethos of cryptocurrency innovation. This approach has sparked speculation within the community regarding whether SatoCheems is an individual or a collective entity, further emphasizing the project's focus on community ownership and participation.

How Many CHEEMS Tokens Are There in Circulation?

CHEEMS Token was launched on May 12, 2021, with an original total supply of 7,000,000,000 CHEEMS tokens minted at genesis, later reduced through burning to the current total supply of 2,442,053,007.39 CHEEMS tokens.

Details of Distribution:

Airdropped to the Solana Community:

• First Airdrop (Early Solana Members): 4,596 members received 369,685.767 CHEEMS tokens.
• Second Airdrop (Later Participants): 2,025 members received 185,000 CHEEMS tokens.

Total Airdropped: 2,073,700,785.132 CHEEMS tokens (84.92% of the total supply).

Remaining Distribution:

• Liquidity Provision (LP): 92,088,055.565 CHEEMS tokens (3.77%).
• Marketing: 92,088,055.565 CHEEMS tokens (3.77%).
• Original Contributors: 184,176,111.129 CHEEMS tokens (7.54%).

Tokens Frozen Post-Hack Incident: Following a wallet security breach affecting the Solana network's Slope wallets, 53,016,002.44 CHEEMS tokens were frozen. It's essential to note that this was not a hack targeting CHEEMS specifically, but rather a broader issue with the Solana ecosystem. The freeze was implemented as a precautionary measure to safeguard community funds. The freeze authority has since been renounced by the CHEEMS team after addressing the security concerns. This action was taken to enhance the decentralization of the token and empower the community with greater control over its assets.

so the real circulating supply is: 2,389,036,004.95 CHEEMS

Where Can I Buy Cheems (CHEEMS)?

$CHEEMS is available for purchase on several decentralized exchanges on Solana, including Jupiter, Orca, Raydium, and more!

Can CHEEMS Hit $1 ?

considering the fact that the total supply is 2,389,036,004.95 to reach $1 this would represent 2.38 Billions of MarketCap, for reference, Dogecoin reached a MarketCap of 82.36 billions in 2021.