Binance Alpha Launch: $MM: Is Market Heat an Opportunity or Uncertainty?
Binance Alpha will launch MOMOFUN (MM) on August 3.
MOMOFUN ($MM) is not just a meme coin. According to public information, it is positioned more like a Web3 entertainment platform, integrating GameFi models, community governance, and NFT economic mechanisms. Its core concept is 'fun value', aiming to transform virtual characters, player interactions, and platform engagement into a basis for value circulation.
According to RootData, the MOMOFUN team claims to have backgrounds from platforms like Binance, Bybit, OKX, and Tencent. They also emphasize that their AI-based MemeFi technology combines multi-chain IDO with asset issuance capabilities, creating a seamless pathway to financial entertainment.
Supporters include Mantle EcoFund, HashKey Capital, and Bybit Ecosystem Fund.
However, after searching for project information, I found that the white paper has not yet been released, and details such as the economic model, release mechanism, and financing institutions have not been fully disclosed. For a startup project, there is indeed a lack of transparency, making it less than ideal for ordinary investors.
Is 'useless' really valuable? Will there be a 'meme coin'? We shall see and look forward to the launch on the 3rd.
