Thing promised, thing due! Binance therefore added Memecoin (ticker: MEME) on its platform. Now crypto investors can trade with at least 5 pairs for MEME. Overview !
Binance and its new MEME weapon
It’s time to bring giant Dogecoin to its knees. As its rival Shiba Inu (SHIB) struggles to emerge from the bottom of the abyss, Binance deemed it useful to launch Memecoin, the perfect “DogeKiller” launched in collaboration with 9GAG.
“ Binance lists $MEME memecoin! Trading is now accessible. »
Just the day before yesterday, Binance announced via its official website the availability of Memecoin for cryptocurrency traders.
“ Binance will list Memecoin (MEME) and open trading for spot trading pairs MEME/BNB, MEME/USDT, MEME/FDUSD, MEME/TUSD and MEME/TRY on November 3, 2023 at 8:00 a.m. (UTC) », Specified the team of the largest cryptocurrency exchange in the world.
At the same time, Binance promised the activation of Trading Bot services for the MEME/USDT pair within 48 hours of listing. Also, the Seed tag will be applied to Memecoin. The aim being toimprove transparency and risk management for users.
The icing on the cake: crypto investors will enjoy no creation costs on the MEME/FDUSD and MEME/TUSD pairs.
BSC News clarified that this initiative from Binance will allow crypto traders to stake their BNB, TUSD and FDUSD in separate pools using the ERC-20 MEME token. The farming period has already started on October 28, 2023 and will last for 30 days.
What exactly is Memecoin?
Memecoin or MEME is a crypto even native to Memeland. It is a venture capital studio specializing in SocialFi and the creator economy. This Web3 studio, driven by the ambition to connect creators and communities via NFTs, tokens and other products, was created by 9GAG.
Currently, Memeland has three NFT collections to its credit: “The Captainz”, “You The Real MVP” and “The Potatoz”.
To boost Memecoin, Memeland has planned Airdorps, FireSale and MEME token sales. In particular, there will be two series of presales: the first concerns 12% of the total supply of tokens and the second, 11%. It is said that the amount of its commitments amount to 15 million dollars.
On the numbers side, crypto issuers MEME aims for the $0.1 mark for a sale price of $0.001. At the time of writing, Memecoin was trading at $0.024738 on CoinGecko. Over a 24-hour period, the token gained +6.6%.
By listing Memecoin on its platform, Binance is proud to announce its 39e project on Binance Launchpool on October 27. And speaking of memecoins, don’t miss our colleague’s advice on the 5 cryptos that will not fail to surprise you this month.
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