After a cultivation period, Binance is all set to list MEME on November 3, 2023 at 08:00 (UTC).
BinanceOne of the world’s leading crypto exchanges is excited announcement of Memecoin (MEME) is the 39th project on the Binance Launchpool. MEME is the native ecosystem token of Memeland, a Web3 venture studio created by 9GAG, the globally popular meme platform.
Memecoin on Binance Launchpool
Starting today, Binance users will have the opportunity to stake their Binance Coin (BNB), TUSD (TruUSD), and FDUSD into different pools to farm MEME tokens. This farming adventure will last for 30 days, giving crypto enthusiasts a chance to earn MEME tokens.
Farming officially started on October 28, 2023 at 00:00 (UTC). With this launch, Binance continues its tradition of introducing innovative projects that provide utility and potential for its user base.
After a cultivation period, Binance is all set to list MEME on November 3, 2023 at 08:00 (UTC). MEME will be available for trading with various trading pairs including MEME/BTC, MEME/USDT, and MEME/BNB. The listing opens up a world of possibilities for MEME token holders who can easily trade the token, providing flexibility and liquidity to those wishing to be part of the Memeland ecosystem.
For users, one of the most exciting aspects of the MEME launch on Binance is seed tag Applied to MEME. The seed tag is a seal of approval from Binance, indicating that the project is newly listed on Binance. This provides security and trust to those wishing to engage with MEME.
The total supply of MEME tokens has been set at 69,000,000,000. At the launch of Launchpool, there will be an initial circulating supply of 8,797,500,000 MEME tokens available on the market. This share represents 12.75% of the total MEME supply. Additionally, 1,380,000,000 MEME, representing 2% of the total token supply, will be made available as user rewards.
Project Updates and Benefits
Binance highlighted that users participating in the Memecoin Launchpool can expect real-time updates regarding each pool’s Annual Percentage Yield (APY) and total pool balance. This transparency ensures that users have the information they need to make informed decisions.
However, it is important to note that tokens can only be staked in one pool at a time. Users have the facility to withdraw their funds from stake at any time without any delay and can immediately participate in other available pools. At the end of each farming period, the tokens in each pool are staked, and any unclaimed rewards will be automatically transferred to users’ SPOT accounts.
For users who have staked their BNB in the Binance BNB Vault, the MEME Launchpool is fully supported. This means that users automatically participate in the MEME Launchpool and receive daily MEME rewards in their Spot wallet.
Additionally, Binance Coin staked in the exchange’s Launchpool will continue to provide users with the standard benefits for holding BNB, including airdrops, Launchpad eligibility, and VIP benefits.
Benjamin Godfrey is a blockchain enthusiast and journalist who loves writing about real-life applications of blockchain technology and innovations to promote general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies drives his contributions to well-known blockchain media and sites.
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