Following the farming period, Binance is all set to list MEME on November 3, 2023, at 08:00 (UTC).
Binance, one of the world’s leading crypto exchanges, is excited to announce Memecoin (MEME) as its 39th project on 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 (TrueUSD), and FDUSD into separate pools to farm MEME tokens. This farming adventure will extend over 30 days, offering crypto enthusiasts the chance to get their hands on MEME tokens.
The farming officially commenced at 00:00 (UTC) on October 28, 2023. With this launch, Binance continues its tradition of introducing innovative projects that provide utility and potential for its user base.
Following the farming 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. This listing opens up a world of possibilities for MEME token holders who can trade the token with ease, offering flexibility and liquidity to those looking to be part of the Memeland ecosystem.
For users, one of the most exciting aspects of the MEME launch on Binance is the Seed Tag applied to MEME. A Seed Tag is a stamp of approval from Binance, indicating that the project is newly listed on Binance. This provides security and trust for those looking to engage with MEME.
The total supply of MEME tokens is set at 69,000,000,000. At the commencement of the Launchpool, an initial circulating supply of 8,797,500,000 MEME tokens will be available in the market. This portion 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 users have the information they need to make informed decisions.
However, it’s important to note that tokens can only be staked in one pool at a time. Users have the flexibility to unstake their funds at any time with no delays and can participate in other available pools immediately. At the end of each farming period, tokens are staked in each pool, and any unclaimed rewards will be automatically transferred to users’ spot accounts.
For users who have staked their BNB in Binance BNB Vault, the MEME Launchpool is fully supported. This means that users automatically participate in the MEME Launchpool and receive MEME rewards daily in their Spot Wallets.
Furthermore, the 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 relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.