MemeFunded Whitepaper

MemeFunded is a high-performance Telegram-based Virtual Proprietary Trading Firm. It allows retail traders to trade with virtual capital on multiple blockchains (Solana, BSC, ETH, Base) using live market data. By passing evaluation "Challenges," users earn access to "Funded Accounts" where they take home 80% of virtual profits in real cryptocurrency payouts.

A. User Onboarding

Users interact with @MemeFundedBot. The bot handles session management, authentication, and unique referral tracking automatically.

B. Evaluation Paths

• 2-Step Challenge: The classic path. Two phases of evaluation with strict profit targets and drawdown limits.
• 1-Step Challenge: A single, more aggressive phase for experienced traders.
• Pro Path: Instant access to funded capital for a premium fee.
• Academy: A training program for beginners that includes a trial account.

The platform uses a sophisticated Virtual Order Execution Engine. Unlike traditional trading bots that execute on-chain immediately, MemeFunded operates as follows:

Price Discovery

Integration with DexScreener API provides real-time pricing for millions of tokens across Solana, BSC, Ethereum, and Base. Prices are updated every few seconds to ensure accuracy.

Trade Execution Workflow

1. Validation: The system checks if the user has an active account, is not in drawdown, and has sufficient "Virtual Balance".
2. Virtual Swap: When a user runs /cbuy or /csell, the system "buys" the token at the current market price using virtual USD.
3. Position Management: The trade is recorded in the PostgreSQL database. The "Virtual Unrealized PnL" is calculated in real-time based on the live token price.
4. Settlement: When a position is closed, the virtual balance is updated.

The trades are virtual; the only real on-chain transaction occurs when the user pays the entry fee or the platform pays out profit to the user.

To protect the virtual firm's capital and evaluate trader skill, the system processes a "Risk Scan" every minute:

• Daily Loss Limit (5%): If a trader loses more than 5% of their starting daily balance, the account is automatically locked.
• Max Drawdown (10%): If the total account balance falls below 90% of the initial deposit, the challenge is failed.
• Cooldown: Prevents "Revenge Trading" by enforcing a short wait time between aggressive losses.

The platform is fully integrated with NOWPayments for hands-free operations:

• Unique Invoices: Each /fund command generates a unique blockchain invoice URL.
• IPN Webhooks: When a user pays, NOWPayments pings our /webhooks/nowpayments endpoint.
• Instant Provisioning: The server verifies the signature, confirms the amount, and instantly creates the trading account without admin intervention.

MemeFunded is platform-agnostic, supporting trading and payments on: