Exclusive: Vlad Gorbunov on Meme Bank – Transforming Meme Coins into Utility-Driven Assets

Vlad Gorbunov, the visionary behind the Choise.ai ecosystem, sheds light on the evolving meme coin sector and introduces Meme Bank, a platform designed to redefine meme coins by infusing them with utility. The platform promises innovative features like staking rewards, token burns, and Visa/Mastercard payment capabilities with custom meme-themed card designs.

The Future of Meme Coins

Meme coins have captured global attention, emerging as a defining aspect of modern investment culture. Gorbunov compares their journey to Bitcoin’s early days when the cryptocurrency’s value was primarily rooted in collective belief.

“Meme coins thrive on community sentiment,” he explains. “Their popularity stems from humor, shared ideologies, or even the irony of their perceived ‘uselessness.’ These coins have transcended their origins, embedding themselves as cultural symbols.”

With year-to-date price increases of over 10,000% in some cases, meme coins have become one of the fastest-growing sectors in the crypto space. Despite this, Gorbunov is pragmatic about their future. “While meme coins are unlikely to become sustainable long-term investments, they remain powerful speculative assets capable of delivering extraordinary returns,” he notes.

Market researchers forecast the meme coin sector could surpass $1 trillion in market capitalization, reinforcing its staying power. However, Gorbunov believes that introducing utility to these coins is crucial for their evolution.

Meme Bank: A Game-Changer

Meme Bank is poised to bridge the gap between hype and functionality. The platform enhances meme coins by introducing practical use cases without diluting their emotional appeal.

“Meme Bank empowers meme coins with features like token burns, staking rewards, and global payment capabilities,” Gorbunov explains. “This transforms them into assets that can be integrated into everyday financial activities, from shopping to bill payments.”

The platform’s standout feature is its Visa and Mastercard support, allowing users to customize cards with unique meme designs. Meme coins can be deposited onto these cards, enabling global transactions.

Meme Bank’s revenue model is equally innovative. Transaction fees will fund token buybacks and burns, reducing supply and increasing scarcity. Users can also stake meme coins to earn rewards from platform-generated revenue, fostering stronger community engagement.

Community-Driven Governance

Meme Bank will initially collaborate with meme coin communities, tailoring solutions to their needs. Over time, the platform will adopt a decentralized governance model, enabling users to vote on key decisions, including card designs, transaction fees, and additional features.

This community-driven approach ensures Meme Bank remains aligned with the values and preferences of its users.

CHO Token Integration

Choise.ai and Vault, a white-label crypto banking solution provider, power the Meme Bank ecosystem. Every transaction on the platform will integrate the CHO token, benefiting the broader Choise.ai community.

Vault’s established infrastructure supports over 50 enterprises globally, and Meme Bank represents its latest innovation. By eliminating the need for licenses or significant upfront investments, Vault enables meme coin communities to launch their dedicated meme banks seamlessly.

A portion of transaction revenues will be allocated to CHO token burns, enhancing their scarcity and value. This process will be tracked transparently via real-time dashboards.

Unlocking the Potential of Meme Coins

Gorbunov envisions Meme Bank as a catalyst for the meme coin sector. “The top three meme coin ecosystems — DOGE, SHIB, and PEPE — already boast over 7 million token holders,” he highlights. “Meme Bank aims to unlock even greater potential, propelling meme coin trading beyond its current $100 billion volume.”

Mission Statement

Summarizing Meme Bank’s vision, Gorbunov states, “Our mission is to become the premier utility provider for meme coins, combining functionality with their inherent hype and emotional appeal.”

With Meme Bank, the Choise.ai team is paving the way for a new era in the meme coin space, where speculative assets gain real-world applications without losing their cultural significance.