Cheems (cheems.pet) v1 (CHEEMSV1) was the initial version of the Cheems cryptocurrency, created as a BEP-20 token on the Binance Smart Chain (BSC). It was inspired by the "Cheems" meme featuring the Shiba Inu dog, aiming to establish a light-hearted, community-driven digital asset tied to meme culture. This v1 version has since been replaced by a new contract, and the token is no longer actively supported.

Cheems (cheems.pet) v1 (CHEEMSV1) was primarily used as a meme-based community token. Its primary purpose was to unite enthusiasts of the Cheems meme and the broader meme cryptocurrency culture. The project sought to foster community engagement and served as a playful representation of the meme coin phenomenon. While it lacked a significant utility, its value was in its community-driven approach and the promotion of meme culture in the cryptocurrency space.