BlockchainCheese
--
Bullish
Binance is about to launch a new MEME coin. In the case of a sluggish market, exchanges frequently launch MEME coins for the following reasons:
1. Traffic competition and user retention. By launching MEME coins with high volatility, low thresholds, and strong community attributes, retail investors are provided with tools to earn high returns in low-liquidity markets, which can help exchanges activate existing users and attract new users in a bear market.
2. Income driven, the high turnover rate of MEME coins can quickly increase the exchange's fee income.
In the short term, the launch of MEME coins can indeed increase market activity, provide an innovative testing ground for centralized finance and TOKEN distribution mechanisms, and to some extent promote the spread of cryptocurrency. However, this has also exacerbated market speculation and risks. The public losses caused by a large number of MEME coin fraud projects have not only damaged the industry's credibility, but also brought huge regulatory risks to the industry.
#币安上线1000CHEEMS和TST #BNBChainMeme热潮
1. Traffic competition and user retention. By launching MEME coins with high volatility, low thresholds, and strong community attributes, retail investors are provided with tools to earn high returns in low-liquidity markets, which can help exchanges activate existing users and attract new users in a bear market.
2. Income driven, the high turnover rate of MEME coins can quickly increase the exchange's fee income.
In the short term, the launch of MEME coins can indeed increase market activity, provide an innovative testing ground for centralized finance and TOKEN distribution mechanisms, and to some extent promote the spread of cryptocurrency. However, this has also exacerbated market speculation and risks. The public losses caused by a large number of MEME coin fraud projects have not only damaged the industry's credibility, but also brought huge regulatory risks to the industry.
#币安上线1000CHEEMS和TST #BNBChainMeme热潮
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0