Memhash
Memhash is a Telegram Mini App that allows users to mine tokens using the Proof of Work (PoW) algorithm directly from their smartphone.
The project was announced and launched in October 2024.
It became one of the most popular «Tap-to-Earn» games released in fall 2024, following the success of Notcoin.
The creator of the project, Roxman, is known in the crypto community as the founder of Major, another Telegram Mini App with millions of users.
On November 14, Pavel Durov mentioned Memhash in his Telegram channel.
Memhash Token Mining – Season One
To mine tokens, users simply had to press the «Start Mining» button and keep the app open. The process of finding a valid hash for the current block was displayed in real-time within the interface.
The first user to find the correct hash received the reward, and the valid hash was recorded on the server.
A portion of the reward was also distributed among other participants in the block mining pool.
Initially, participation required 600 Telegram Stars, which was later reduced to 150, and even dropped to 50 for one day during the «Christmas Friday» promo.
The app also introduced in-game mechanics such as:
Energy – consumed during mining. Replenished over time or via Telegram Stars.
Upgrades – energy recovery could also be boosted by completing tasks (e.g., following the project on social media, inviting friends).
Turbo – a special mode that increases mining speed. Can also be activated using Telegram Stars.
End of Mining and Exchange Listings
Mining of the $MEMHASH token ended on February 3, 2025.
All users who passed a TON network CAPTCHA verification were eligible to withdraw their tokens until February 15, 2025.
Withdrawals began on February 20 to the following CEX exchanges:
- Bitget
- KuCoin
- MEXC
Tokens could also be withdrawn to a TON wallet for swapping via the DEX STON.fi.
The listing took place on February 28. On that day, trading volume on MEXC reached $634M.
The team burned a portion of the supply, leaving exactly 1 billion $MEMHASH in circulation.
Second Phase and Future Plans
Even before $MEMHASH hit exchanges, the team announced the next phase of token mining via the app.
To join the mining of the next token, $HASHCASH, users had to lock at least half of their mined $MEMHASH tokens.
Mining for $HASHCASH started on March 12. Estimated end date: 2-3 weeks later.
In future stages, the team plans to develop its own L2 blockchain on TON and build AI agents that learn during the mining process.