MEME tokens have recently attracted a lot of attention on some leading exchanges, with one project entirely operated by community retail investors. This model is indeed quite interesting.

What does it mean to have no project backing? Simply put, it’s a zero-risk scenario where the project team can run away—because no one is actually there to run it. Under this design logic, the true value of the token depends entirely on community consensus and participant belief.

Even more intriguing is its mechanism design. The token burn mechanism enhances scarcity, while the transaction fee sharing mechanism allows holders to share in trading fees—this effectively provides the community members with a direct economic incentive to participate in governance. In other words, the more active the trading, the more participants benefit, creating a self-driven ecological cycle.

Within the MEME token category, such a combination is indeed rare. Most projects still follow the traditional project-led model, and purely community-autonomous experiments have become scarce assets. Of course, this also means higher uncertainty—but for crypto enthusiasts who believe in community power, this is precisely what makes it most attractive.

For partners interested in participating in community building, this type of project is worth a deeper look.