HOT: Binance officially announced the launch of Memecoin (MEME)

🙏 Binance has revealed its 39th project on Binance Launchpool – Memecoin (MEME), the native ecosystem token of Memeland.

Memeland is a Web3 venture studio closely affiliated with the hugely popular meme platform 9GAG.

Staking opportunities and rewards

Binance Launchpool will allow users to stake their assets, including BNB (Binance Coin), TUSD (TrueUSD), and FDUSD, into separate pools for MEME token farming for a period of 30 days. This farming opportunity will begin at 07:00 on October 28, 2023 (Vietnam time), opening up opportunities for cryptocurrency enthusiasts to participate in the ecosystem and potentially reap the rewards. reward.

In addition, Binance plans to list MEME at 15:00 on November 3, 2023 (Vietnam time) and trading pairs will include MEME/BTC, MEME/USDT and MEME/BNB. Seed tokens will be applied to MEME, bringing higher value and potential to traders and investors.

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Additional support for BNB Vault users

Binance BNB Vault will support MEME Launchpool. Users who have staked their BNB into the BNB Vault will automatically join the MEME Launchpool and receive daily MEME rewards in their Spot Wallets.

Important considerations

Users should note they can only stake tokens in one pool at a time. For example, the same BNB cannot be staked in two different pools at the same time, but asset allocation across multiple pools is allowed.

Users also have the flexibility to unstake their funds at any time without delay and join other available pools immediately. At the end of each farming period, staked tokens in each pool and any unclaimed rewards are automatically transferred to each user's spot account.