It’s Time for Community-Governed Meme Coins to Revolutionize the Market
The BNB chain recently committed US$1 million through its Meme Innovation Campaign. In the second phase of the campaign—known as ‘Meme Heroes’—Binance is all set to allocate the remaining US$900,000 for liquidity pool support in developing and growing promising meme projects.
Reduced gas fees and monetary incentives for meme coins present a unique opportunity for promising meme coin projects to rise to the occasion and make the most out of it.
Last month, $BOXY, a meme coin project, transitioned into a fully community-owned and operated entity with a successful presale on DeXe, selling out its entire supply. At the time of writing, the $BOXY token had a market cap of $138 million, and it recorded around $3 million in trading volume in the last seven days. It has attracted 5.3K holders and maintained a liquidity of $230K. The coin witnessed 100% of its supply getting sold to the community in less than a minute, with the governance resting completely in the hands of the community.
However, launching coins requires a certain degree of infrastructural sophistication, and Boxy is the first token to launch on DeXe, a protocol that has been doing stellar work in this area by offering a launchpad for DAO-based (community-governed) projects, including memecoins, with a no-code platform for launching and managing tokens with convenience and transparency.
DeXe Protocol Streamlines Coin Launch and Token Sales with User-Friendly, No-Code Features
DeXe’s capabilities make it super easy to launch tokens, projects, and meme coins from the platform.
Project owners often feel clueless about how to deal with the range of launchpad functions available. With DeXe Protocol, managing these functions is streamlined through a user-friendly, no-code interface. These functions could include setting up cliffs, vestings, whitelists, and more.
The DeXe DAO Studio interface allows token sales to be initiated directly from the treasury.
Irrespective of whether they are the project’s governance tokens or other crypto assets, it is seamless to sell them directly to funds, other DAOs, or private investors.
The DeXe protocol function and tools are devised such that it touches upon all relevant pain points a token sale cycle would have. For instance, with DeXe, it is possible to set up any investment round, attract investments, and sell any assets from the Treasury changing to stables.
Project owners can launch ITOs with DeXe’s support, raising funds directly into the DAO’s Treasury while investors receive governance tokens. It is also possible to conduct multi-tier token sales directly from the treasury.
As a protocol that offers an AI-powered permissionless Launchpad with a full suite of tools for managing decentralized communities and assets, DeXe is the perfect platform for new projects to launch their meme coins on the BNB chain. It actively supports the launch of all meme tokens on the platform.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
