> For the complete documentation index, see [llms.txt](https://kingofmemees.gitbook.io/king-of-memes-usdkom/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kingofmemees.gitbook.io/king-of-memes-usdkom/introducing-king-of-memes.md).

# Introducing King Of Memes

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## Description

**King of Memes** ($KOM) is a unique deflationary meme coin that has gained popularity among the crypto community. Built on the Arbitrum blockchain, $KOM offers a fun and innovative approach to cryptocurrency investing while also implementing deflationary tokenomics that incentivize holding and discourage selling.

KOM is a Hyper Deflationary Reward token built on the ARBITRUM blockchain and the governance token for the ecosystem.. It has a total supply of 10 billion tokens, with no plan to mint more. KOM has a tax of 5%, where 1% is for ARB reflection, 3% is for Marketing and 1% is for automatic burn, reducing the total supply over time. This model incentivizes holders to keep their tokens, increasing the value of the token over time.