What is Bome?

The Bome project, or Book Of Memes, is an experimental Meme project that combines blockchain technology, decentralized storage, and trading to immortalize memes. The project is built on Solana’s blockchain to maximize its speed and scalability.

The project allows users to permanently store their Memes using decentralized storage infrastructures like the InterPlanetary File System and Arweave. It provides such tools as the meme enhancer, meme clip gallery, and unminted meme library for users to create and upload their meme creations. These tools and utilities allow the project to deviate from traditional meme projects.

When fully developed, the Bome project would be a social media application that provides the relevant tools to create memes and meme clips. The ecosystem would be powered by the native token, BOME, allowing trading and transacting on the platform.

History of Bome

The Bome project was conceptualized in 2022 and became publicly known in 2024. It was created by the artist Darkfarms1, who conducted a presale on the second week of March 2024. The presale involved the transfer of SOL tokens to a designated Solana address.

The contributed SOL allowed the team to allocate BOME tokens based on the contribution percentage with no initial listing price. Afterward, the team created liquidity pools to enable token holders to conduct trades.

The project saw a resurgence immediately after the token launch on March 14th, with multiple exchange listings within 24 hours of launch. The project aims to integrate inscribing on Bitcoin’s blockchain into its future development.

The future expansion to Bitcoin inscription is an initiative to foster a new dimension of decentralized social media while making meme culture immutable.

Core Components

Solana Blockchain

The Solana blockchain uses a proof-of-stake mechanism to execute smart contract events and functionalities. The Bome project was built on the Solana blockchain to leverage its high-speed, efficient transaction processing capacity. This allows the project to conduct large volumes of transactions.

The blockchain is the foundation for achieving Bome’s aim of creating a permanent library of memes. Using Solana’s tamper-proof safeguard, Bome uses the blockchain to inscribe and store data, protecting content against loss or alteration over time.

As a decentralized project, Bome uses Solana’s decentralized infrastructure to guard against reliance on a centralized entity. This removes the possibility of censorship or breach of data security.

Arweave

Arweave is a blockchain designed specifically to store data permanently. Users pay a one-time fee to store data, which is then replicated across the network for perpetuity. The Bome project aims to utilize Arweave to create a book or gallery of links to permanently stored memes.

By integrating the solution into the Bome ecosystem, the project could create a robust system to guarantee meme longevity. The Bome project aims to incentivize users to contribute to storage and maintenance by combining storage with tokenization.

Soon, more Bome-Arweave integrations would further guarantee permanent storage functionalities for the meme space.

IPFS

The Interplanetary File system, or IPFS, is a decentralized peer-to-peer network that handles file storage and retrieval. The files stored in the network are identified by unique content inscribed at the inception that acts as fingerprints. This allows files to be stirred on the network without consideration for location and creator identity.

The Bome project utilizes the IPFS project to create its digital book or library. IFPS allows the Bome project to bypass location constraints when uploading and storing a meme in its library. This will enable users in restricted locations to participate and access features of the Bome ecosystem, achieving censorship resistance.

While the information on Bome’s integration with the IFPS is meager, future integrations would shed more light on the link between the two projects.

Features of the Bome Ecosystem: DF1 Meme Enhancer, CC0 ClipArt Gallery and Other Tools

DF1 Meme Enhancer

Source: Bome Website

The BOME project offers a tool for meme creators called the DF1 Meme Enhancer. This feature lets users add a specific, retro visual style to their memes and digital artwork, infusing them with the retro vibe of 1944. The effect refers to the early days of digital art and graphics, evoking a sense of nostalgia.

The DF1 Meme Enhancer achieves this effect using two components: pixel noise and glitch crayons. Pixel noise adds a grainy, low-resolution texture to the image, mimicking the limitations of older digital technologies. Glitch crayons introduce a distorted, glitchy quality to the colors, further emphasizing the nostalgic theme.

This tool particularly appeals to users who appreciate vintage aesthetics or want to incorporate a touch of irony or humor into their digital creations. The interface has a simple input button that allows users to upload their meme creations, enhance them, and share them with the Bome community.

CC0 ClipArt Gallery

Source: Bome Website

The Bome project is designed to be an immutable library of meme images and clips for users to access, modify, and use without restrictions. The Bome CC0 Gallery is the library of pictures and clips built with the support of Arweave and IPFS.

The CC0 designation, or “Creative Commons Zero,” is a legal tool for waiving all copyright and related rights to creative work. It allows the creator to effectively say “no rights reserved” on their work, enabling unrestricted use, sharing, and modification of the clipart without requiring permission or attribution.

Integrating Arweave’s technology ensures the clipart’s permanence, safeguarding it from loss or corruption over time.

Other Tools

Source: Bome Website

The Bome project also has other tools for users, allowing it to act as the repository for the “unminted” or unpublished memes in its collection. This ensures a more inclusive archive that preserves viral hits and lesser-known meme ideas.

It also includes future integrations and features like the Genart pages, Meme games, and the Game of BTC. This can lead to the integration of regenerative art forums and meme-themed games.

What is the BOME Token?

The BOME token is the native token of the Bome project, built with Solana’s token standard. As an experimental meme coin, it has little communicated utility value. The token metadata is mutable, meaning the information associated with the BOME token can be changed or updated. This is uncommon for cryptocurrency tokens, as their metadata is typically fixed after launch.

The token has a total supply of 69 billion tokens and a circulating supply of 55 billion. Its tokenomics allocates 20% of funds to the community fund, 30% to liquidity pools to facilitate trading, and 50% to the presale.

Is BOME a Good Investment?

The BOME token has become popular due to its inclusion in the meme culture. Unlike other meme coins, the Bome project has a comprehensive meme ecosystem of tools to attract a more extensive user base. Bome’s inclusion of “unminted” memes caters to a broader audience and fosters a more inclusive archive. This could be appealing to meme enthusiasts who want to explore lesser-known content.

While the BOME token’s utility is unclear, future developments like “Genart pages” and “Meme games” could introduce functionalities requiring token use, increasing the rising demand for BOME tokens.

As an experimental meme token with a history of creating paper profits for holders since its launch, BOME can generate more profit for investors.

Risk Analysis

Advantages

The Bome project provides tools for creative expression, such as the DF1 Meme Enhancer and a CC0 ClipArt Gallery with freely usable assets. The project hints at social media integrations and even meme-themed games, potentially fostering a vibrant meme community.

The project is built on Solana and utilizes IPFS and Arweave to promote a censorship-resistant project. This aligns with the core values of meme culture and potentially attracts users who value freedom of expression.

Bome also incorporates “unminted” or “unpublished memes,” ensuring a more inclusive archive that celebrates lesser-known content alongside viral hits.

Disadvantages

One major disadvantage is the fact that the project is an experimental project. As a new project, its success rate is still uncertain, which can be unappealing to conservative investors.

The project is still under development, so the utility of the BOME token is still being determined. Without precise, valuable functionality, the token’s volatility is predicted to be high. Although the Bome project is focused on inclusivity within the meme community, meme culture thrives on constant change, with trends fading rapidly.

Challenges

One major challenge facing the Bome project is creating a loyal community. As a recent project, its success hinges on attracting a sizeable user base and establishing itself within the competitive crypto meme space.

Another challenge is the volatility of the meme space. The BOME token has shown signs of volatility, with the price struggling to retain the traction gained. The crypto space is also volatile due to unique uncertainties.

One such uncertainty is regulatory uncertainty surrounding the crypto space. With an undefined regulatory landscape, the Bome project is subjected to the same uncertainty affecting the larger crypto space.

Competitive Analysis

Both Bome and Degen are meme-related projects that provide tools in the crypto space. However, they are focused on different goals.

The Bome project aims to advance meme culture on the blockchain, creating a decentralized ecosystem for building and preserving memes. On the other hand, Degen is a reward token but has evolved into a comprehensive meme coin ecosystem with its chain.

The Degen term indicates a speculative and high-risk project, while Bome has an increasingly positive social view, which indicates positive project health. The Bome project is built on Solana, known for its high throughput and low transaction costs. Degen has its blockchain, offering unique functionalities and independence from other networks.

How Can You Own BOME?

Users can follow a simple process to own BOME tokens and become a part of the Bome ecosystem.

Setup a Wallet

One way to acquire BOME tokens is to purchase them through an exchange. To do so, the user must create a Gate.io account, complete the KYC process, and add funds to the account to buy the token.

Utilize the BOME Tokens

Once users have acquired BOME tokens, they can explore the Bome platform by creating and uploading memes.

Take action on BOME

Users can trade the BOME token here.