Pain ($PAIN) is a meme-based project incubated by Memeland. This is a Web3-focused venture studio launched by Ray Chan, the co-founder of 9GAG (social media website). The project takes inspiration from the famous meme "Hide The Pain Harold”.
What is Pain
Here’s how it works:
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$PAIN Memecoin: $PAIN is a Solana-based memecoin that had a record-breaking presale. There was no fixed price, so token allocation depended on how much people contributed. The presale raised 186,000 $SOL in 48 hours, the largest ever for a Solana memecoin. Interestingly, 80% of these funds will be refunded, as the founders claimed they don’t need that much.
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Memeland Backing: Memeland venture studio (founded by Ray Chen from 9GAG) focuses on connecting creators and communities in Web3. It uses NFTs and tokens to build value-sharing networks. Memeland played a significant role in promoting $PAIN through its ecosystem and social media channels.
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About 9GAG: 9GAG is a global social media platform and entertainment website. It’s primarily known for its user-generated content and meme-sharing community. 9GAG attracts 150 unique million visitors per month across its website and mobile apps according to some sources.
In summary, Pain project combines meme culture with crypto tokens. Its ties to 9GAG and Memeland helped it achieve a record-breaking interest, even though most funds will be refunded.
Pain review
Pros
Unexpected Funds Return
The 80% return of investment commitments has earned widespread praise. Many claim that this move shows the founding team’s good intentions, which builds strong trust with investors. It also suggests smart financial management, as some believe the refunded $SOL could be used to buy back tokens after listing. This could potentially increase the token’s price.
Strong Backing from Memeland
Being incubated by Memeland, the Web3 division of 9GAG, adds major credibility to the project. Memeland brings viral marketing expertise and a solid reputation in the Web3 space.
Globally Recognized Meme
The project’s association with András Arató, known as "Hide the Pain Harold," taps into a globally recognized meme. This connection boosts the project’s cultural relevance, making it more appealing to a wide audience who appreciate internet humor and memes.
Record-Breaking Presale Success
Getting $39 million of the investment commitments during the presale is an impressive milestone, showing strong investor confidence. The surge in social media engagement adds to the excitement around the token launch.
Potential for Major Exchange Listings
With the high levels of interest and engagement, the token shows strong potential to be listed on major centralised exchanges. This could further boost its visibility and growth, attracting more investors and increasing liquidity.
Cons
Token Not Launched Yet
Since the token hasn’t been officially launched as of February 7, 2025, there's an uncertainty about the token price action. You can’t see how the market will react until it starts trading. Some investors might still rush to sell their tokens if the price spikes, hoping to make a quick profit. This could cause sudden price drops, making it risky if you plan to hold the token.
Tokenomics Not Public
The project hasn’t shared important details about its tokenomics yet. This includes things like how many tokens will exist, how they’ll be distributed, if staking is possible, or if any tokens will be burned to increase scarcity. Without this information, it’s tough to judge whether the project can succeed long-term.
Lack of Utility
If $PAIN remains a memecoin, its value will mostly depend on how popular it stays. Meme tokens can rise fast because of hype, but they can lose value just as quickly if people lose interest.
Knowledge
What Is a Memecoin in Crypto and What Is It Used For?
Article9 mins
What Is a Memecoin in Crypto and What Is It Used For?