Social media has erupted in criticism aimed at Memeland as delays in $MEME token airdrops prompt user dissatisfaction.

Numerous complaints on various platforms highlight growing frustration over the sudden increase in eligibility requirements.

For those not in the know, Memeland dropped on the X an additional requirement to qualify for the $MEME airdrop.

Some users have expressed a growing frustration with the hurdles needed to qualify for the $MEME airdrops.

Critics argue that this marks a significant shift by the team, catching users off guard as they now find themselves compelled to purchase $MEME to meet the new qualification criteria.

Despite the token requirement not being significant, costing about $2 USD, critics have argued that it is about the principle of the matter.

The total cost to acquire and be eligible for the airdrop is possibly less than $20 USD including gas fees.

Farming on Memeland

The $MEME Farming feature, operational since October, provides users with the opportunity to engage with the platform actively.

According to the official Memeland page, by completing various quests and accumulating MEMEPOINTS, users gain access to rewards, fostering an interactive community experience.

In effect, this was a very effective marketing strategy held at the expense of users.

It did not take long before users started feeling exploited by this strategy.

But seemingly, all this was bearable.

Controversy only arose as the first season of Memeland's "farming" initiative entered conclusion.

According to the official release, with over 4 million accounts participating in mining, Memeland aims to reward genuine supporters while ensuring fairness.

To mitigate potential abuse, the platform introduces measures such as MEME proof requirements, human certification through CAPTCHA tests, and the analysis of on-chain data and IP addresses.

Memeland stated that they retained the right to make final decisions on eligible wallets for mining rewards, giving users a seven-day window to fulfill the mandatory tasks.

This appears to be the last straw for users on the X, who took the opportunity to lament about the sudden increase in requirements – requirements which they may not necessarily be able to fulfill given that not all that participate are Web3 natives.

Memeland appears to be unfazed by this criticism.

Unclear Conversion Rates

As if the switch and bait was not iffy enough, users are taking to the X to express their dissatisfaction about the lack of clarity in conversion rates.

Many users were operating under the assumption that Memeland would be distributing MEME tokens at at 1:1 ratio.

Instead, Memeland took to Discord to announce that Memepoints were different from the MEME token, and that there would be a separate exchange rate.

This naturally did not take well with users, who have been “farming” these rewards for close to more than a month.

Paulo C, Community Lead at Klaytn Foundation said:

"While often overlooked, solid governance is one of the most important aspects of any Web3 project as it determines which upgrades get implemented, how tokenomics should be modified, and all other changes to the project. This is why decentralised, democratised, and transparent governance is necessary to ensure that a project always does right by its community."

Binance's Investment

Just this month, Binance invested in Memecoin (MEME).

But this isn't Binance first interaction with the token.

The announcement of MEME token sales was initially made in July 2023, followed by its inclusion as the 39th project on Binance Launchpool in November 2023.

According to their website, Memeland focuses on building and investing in SocialFi and creator economies, aiming to connect creators and communities through its MEME token and NFTs, leveraging internet meme culture.