Memecoin (MEME) Goes Live on Binance

Summary

• Binance has listed Memecoin (MEME), with trading pairs against BNB, USDT, FDUSD, TUSD, and TRY.
• Memecoin is the native ecosystem token for Memeland, a venture studio focused on SocialFi and the creator economy.

Crypto exchange Binance today listed Memecoin (MEME), allowing users to trade the token against various pairs, including BNB, USDT, FDUSD, TUSD, and TRY. Binance has also applied the “Seed Tag” to MEME.

Binance had previously introduced Memecoin as the 39th project on its Binance Launchpool on October 27. This initiative allows users to farm MEME tokens by staking their BNB, TUSD, and FDUSD into separate pools. The farming period began on October 28, 2023, and extends over 30 days.

About Memecoin(MEME)

Memecoin (MEME) serves as the native ecosystem token for Memeland, a venture studio in the web3 space, created by 9GAG. Memeland's primary focus is on SocialFi and the creator economy, with a mission to connect creators and communities through NFTs, tokens, and various products. The venture studio has already launched three NFT collections: "You The Real MVP," "The Captainz," and "The Potatoz" since June 2022.

Notably, Memecoin (MEME) successfully raised $15.80 million from two rounds of presales, with 12.00% and 11.00% of the token supply sold at a rate of 0.001 USD per MEME to private investors and the Memeland community, respectively.

Managing User Risk

Back in July, Binance introduced the Seed Tags and Monitoring Tags to replace the Innovation Zone in a bid to enhance user experience. The new tagging system categorizes tokens and helps users differentiate between assets with varying risk profiles.

To trade tokens marked with the Seed Tag or Monitoring Tag, users will need to pass corresponding quizzes every 90 days on the Binance Spot and Binance Margin platforms and accept the associated Terms of Use. This system aims to ensure users are well-informed about the risks associated with these tokens.

To enhance transparency and risk management for users, Binance has applied the Seed Tag to all tokens currently listed in the Innovation Zone and will also apply them to future listings representing innovative projects that may exhibit higher volatility and risks compared to other listed tokens on the exchange.