Yesterday, Elon Musk posted “牛逼” in Chinese, and before long, someone had brought the meme to BNB Chain.
The corresponding Meme project is called 牛逼 (AWESOME).
I checked out the official website and found it has a pretty interesting feature: creator fees are used to buy $AWESOME, which is then burned.
Simply put, some of the creator fees generated by trading go back into the market to buy tokens, and those tokens are then burned.
Whether a meme can take off depends on how widely it spreads.
But if a Meme project can combine fees with buybacks and burns, that at least adds something extra to the mechanics.
Looks like someone actually put some thought into this “牛逼” meme 😂
The corresponding Meme project is called 牛逼 (AWESOME).
I checked out the official website and found it has a pretty interesting feature: creator fees are used to buy $AWESOME, which is then burned.
Simply put, some of the creator fees generated by trading go back into the market to buy tokens, and those tokens are then burned.
Whether a meme can take off depends on how widely it spreads.
But if a Meme project can combine fees with buybacks and burns, that at least adds something extra to the mechanics.
Looks like someone actually put some thought into this “牛逼” meme 😂
