Binance Introduces Memecoin (MEME) on Launchpool

4:10 am
October 30, 2023
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Binance, one of the world’s leading cryptocurrency exchanges, has announced the addition of Memecoin (MEME) as its 39th project on Binance Launchpool. MEME is the native token of Memeland, a Web3 venture studio created by 9GAG, a popular meme platform.

Participate in the Memecoin Launchpool

Starting today, Binance users can stake their Binance Coin (BNB), TUSD (TrueUSD), and FDUSD to farm MEME tokens. This farming period will last for 30 days, providing an opportunity for crypto enthusiasts to acquire MEME tokens.

The farming began on October 28, 2023, at 00:00 (UTC). After the farming period, MEME will be listed on Binance on November 3, 2023, at 08:00 (UTC) for trading with various trading pairs.

As part of the launch, MEME has been given a Seed Tag, which serves as a stamp of approval from Binance, ensuring security and trust for users.

The total supply of MEME tokens is set at 69,000,000,000, with an initial circulating supply of 8,797,500,000 MEME tokens available in the market during the Launchpool. Additionally, 1,380,000,000 MEME tokens will be distributed as user rewards.

Project Updates and Benefits

Users participating in the Memecoin Launchpool will receive real-time updates on each pool’s Annual Percentage Yield (APY) and total pool balance, ensuring transparency and informed decision-making. Users have the flexibility to unstake their funds at any time and can participate in other available pools immediately.

For users who have staked their BNB in Binance BNB Vault, they automatically participate in the MEME Launchpool and receive MEME rewards daily in their Spot Wallets.

Furthermore, staking BNB in the Launchpool provides users with the standard benefits of holding BNB, including airdrops, Launchpad eligibility, and VIP benefits.

Frequently Asked Questions (FAQ)

What is Memecoin (MEME)?

Memecoin (MEME) is the native token of Memeland, a Web3 venture studio created by 9GAG, a popular meme platform.

How can I participate in the Memecoin Launchpool?

To participate in the Memecoin Launchpool, users can stake their Binance Coin (BNB), TUSD (TrueUSD), and FDUSD to farm MEME tokens.

When will MEME be listed on Binance?

MEME will be listed on Binance on November 3, 2023, at 08:00 (UTC) for trading with various trading pairs, including MEME/BTC, MEME/USDT, and MEME/BNB.

What is a Seed Tag?

A Seed Tag is a stamp of approval from Binance, indicating that a project is newly listed on Binance. It provides security and trust for users.

What are the benefits of participating in the Memecoin Launchpool?

Participants in the Memecoin Launchpool receive real-time updates on each pool’s Annual Percentage Yield (APY) and total pool balance. They also have the flexibility to unstake their funds at any time and can participate in other available pools immediately.

Summary

Binance has added Memecoin (MEME) as its 39th project on Binance Launchpool. Users can stake their BNB, TUSD, and FDUSD to farm MEME tokens during the 30-day farming period. Afterward, MEME will be listed on Binance for trading. The addition of MEME enriches the Binance ecosystem and provides new opportunities for crypto enthusiasts.


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