Press Release There are currently over 300 crypto exchanges, nearly all offering the same mundane features as leading exchanges like Binance MemeBank is not a lax copy of its successor, but an ambitious project that aims to inspire revolutionary change. According to the official announcement, MemeBank ($MBK) will soon be listed on Pancakeswap on June 7, 2022.
The development team defines the project as a centralized exchange focused solely on listing and trading meme coins, a token with high growth potential and strong appeal among young people. A well-known analogue is Dogecoin, a shoddy copy of Bitcoin originally created for use in restaurant tip payments. The price of this token skyrocketed 500-fold in just two years. But behind Dogecoin’s success are many memecoins that have been left behind. On average, 20 to 30 new blockchain projects are launched per day, most of which disappear due to a lack of follower base and initial marketing. To increase project viability, MemeBank has introduced a Vote-to-List solution that effectively promotes public acceptance of projects; MemeBank is a CEX that does not charge a listing fee; instead, projects must collect enough only need to collect a sufficient amount of upvotes to be listed.
As Alec Rubal, one of MemeBank’s co-founders, points out, “If users don’t profit, the exchange doesn’t make money. “MemeBank is not only startup-friendly, but starter-friendly as well. From its inception, the team has closely aligned its interests with those of its users. Its tokenomics exhibits a series of Web3 features, including the management of transaction fees. Most CEXs do not list memecoins or startup projects, while DEXs typically charge high transaction fees; MemeBank is a CEX that combines the best of both worlds into one, trading memecoins while keeping transaction fees fairly low. Not only that, but the exchange returns 100% of its transaction fees to the community, paying dividends to MBK holders and rewarding users who make referrals. Talkonomics, in and of itself, indicates that MemeBank’s user base will grow sustainably.
Even more interesting are MemeBank’s future features, which the industry has yet to see: in a previous statement, MemeBank’s development revealed that the project will also focus on gamification and socialization of crypto trading, which seems like a reimportation of GameFi It seems to me that the project is a reimportation of GameFi. First, MemeBank will introduce a PVP competition where two users can bet on the monthly rate of return or the future market price of a particular token, and both users will need to submit their bet amounts to the exchange prior to the competition. At the end of the competition, MemeBank will determine the winner and distribute rewards accordingly; a leaderboard will be set up to rank users based on their PVP win rate. Users with the highest winning percentage will receive a series of privileges, including official NFT and highlighted name tags.
MemeBank will also introduce a tribal system that will function like a voluntarily organized mutual fund; all MemeBank users will be able to create their own tribe, and other users will be able to join the tribe by paying a monthly membership fee that will go into the tribe vault. The founder of the tribe will act as a portfolio manager and invest the tribe’s coffers in various projects. Tribes will also be ranked on a leaderboard based on annualized net revenues and the size of the tribe’s treasury. Users can also see how much the tribe’s founder has put into the fund to see if there is a strong alignment of interests.
For socialization, all projects on MemeBank have a separate live chat where users can share project memes, thoughts, and financial analysis. Just as the best investors speak louder, users with the highest win rate are given priority to speak up and pin their messages. Project leaders can also update project developments and news via live chat. In this way, the meme bank will be a one-stop platform for both social and investment needs.
Only those blockchain projects in which the development team has poured their brains and sweat into can ultimately succeed, and with such a level of innovation, MemeBank is sure to be the next rising star of crypto exchanges after Binance.
Contact Alec Rubal
Email: [email protected]
This is a press release. Readers should exercise their own due diligence before taking any action related to the advertised company or its affiliates or services. or for any damage or loss caused or alleged to be caused, directly or indirectly.
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