Binance Wallet has launched a promotional event for a project: the Stock Meme Launchpad. Its valuation exceeds 300 million. Could Stock Meme be the next big trend?
At the moment, I can’t really see what’s so good about this project—after all, there are many competitors that are also token launchpads. Although none of them specifically focus on “stock memes,” the meme launchpad’s earning power seems limited. From what I’ve looked at, there are only two profitable business lines: token launches and NFTs. Both of these tracks are fairly average. Even for the leading project, PUMP, most of its profits come from underwriting and livestreaming. For example, with FORM launching so many tokens, it still doesn’t make much money.
As for PONS, this project seems to have gotten Binance’s pain point right. Not long ago, Binance Wallet added an interface for the stock meme segment, and it also delivered a wave of traffic. Now on-chain transactions get an 20% discount on the GSA fee. If you’re interested, you can go to the wallet to try it. In Binance Wallet’s “Invite Friends” section, fill in: WC123
At the moment, I can’t really see what’s so good about this project—after all, there are many competitors that are also token launchpads. Although none of them specifically focus on “stock memes,” the meme launchpad’s earning power seems limited. From what I’ve looked at, there are only two profitable business lines: token launches and NFTs. Both of these tracks are fairly average. Even for the leading project, PUMP, most of its profits come from underwriting and livestreaming. For example, with FORM launching so many tokens, it still doesn’t make much money.
As for PONS, this project seems to have gotten Binance’s pain point right. Not long ago, Binance Wallet added an interface for the stock meme segment, and it also delivered a wave of traffic. Now on-chain transactions get an 20% discount on the GSA fee. If you’re interested, you can go to the wallet to try it. In Binance Wallet’s “Invite Friends” section, fill in: WC123
