Its native token M is backed by the MemeCore public chain.
To be honest, it still has some strength behind it. The MemeCore public chain can connect with the Ethereum ecosystem, which means that applications and contracts on Ethereum can be easily moved here, attracting many projects and funds from the Ethereum side.
Moreover, it has a new gameplay called 'Meme Consensus Mechanism (PoM)',
In simple terms, it means that you can place meme coins from different chains at the validation nodes, which not only stabilizes the network but also allows for dual rewards, making this operation quite attractive. There are also many ecological applications, not just empty talk.
There is a platform called MemeX that can turn personal identities into meme coins, with the coin price linked to the community's participation level, which is quite novel; the PUPA tool is even more convenient, allowing token and NFT issuance without needing to understand code;
Everyswap is a place where you can trade freely and provide liquidity, using a mechanism similar to Uniswap v3.
These applications give this public chain practical use, naturally increasing its attractiveness.
Looking at the background, the team is also quite reliable.
The CEO is Jun, the Chief Business Development Officer Cherry has seven years of experience in market promotion for IT startups, and holds a master's degree in computer science from Chang Gung University in Taiwan; the Chief Growth Officer Rudy is also quite capable, with reliable people in both technology and marketing.
Moreover, on March 27 this year, MemeCore completed a round of strategic financing, with investors such as IBC Group and Waterdrip Capital, gaining capital recognition which provides more confidence for future development.
The market trend in this area was quite hot at the beginning of the launch.
Previously, Binance Alpha Market had already listed M and held an airdrop event, where eligible users could claim M tokens using points, gaining quite a bit of popularity. Now that it’s on Binance, with many platform users and large traffic, trading will definitely be more active. The key is that Binance has given it a maximum leverage of 50 times, so those who like high risk and high returns will definitely join in, and trading volume and price fluctuations are expected to be quite large. However, to be honest, projects related to these emerging meme coins carry significant price fluctuation risks. The MEMEFI contract on Binance experienced sharp price fluctuations shortly after its launch due to rapid spread on social media.
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