Memecoin (MEME) Goes Live on Binance – BSC NEWS

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This listing comes after Memecoin was introduced as the 39th project on Binance Launchpool on October 27.
Crypto exchange Binance today listed Memecoin (MEME), allowing users to trade the token against various pairs, including BNB, USDT, FDUSD, TUSD, and TRY. Binance has also applied the “Seed Tag” to MEME.
Binance had previously introduced Memecoin as the 39th project on its Binance Launchpool on October 27. This initiative allows users to farm MEME tokens by staking their BNB, TUSD, and FDUSD into separate pools. The farming period began on October 28, 2023, and extends over 30 days.
Memecoin (MEME) serves as the native ecosystem token for Memeland, a venture studio in the web3 space, created by 9GAG. Memeland's primary focus is on SocialFi and the creator economy, with a mission to connect creators and communities through NFTs, tokens, and various products. The venture studio has already launched three NFT collections: "You The Real MVP," "The Captainz," and "The Potatoz" since June 2022.
Notably, Memecoin (MEME) successfully raised $15.80 million from two rounds of presales, with 12.00% and 11.00% of the token supply sold at a rate of 0.001 USD per MEME to private investors and the Memeland community, respectively.
Back in July, Binance introduced the Seed Tags and Monitoring Tags to replace the Innovation Zone in a bid to enhance user experience. The new tagging system categorizes tokens and helps users differentiate between assets with varying risk profiles.
To trade tokens marked with the Seed Tag or Monitoring Tag, users will need to pass corresponding quizzes every 90 days on the Binance Spot and Binance Margin platforms and accept the associated Terms of Use. This system aims to ensure users are well-informed about the risks associated with these tokens.
To enhance transparency and risk management for users, Binance has applied the Seed Tag to all tokens currently listed in the Innovation Zone and will also apply them to future listings representing innovative projects that may exhibit higher volatility and risks compared to other listed tokens on the exchange.
his development follows TOKEN's recent listings on various exchanges, including ByBit, BingX, and KuCoin.
Binance Futures is all set to introduce the USDⓈ-M TOKEN Perpetual Contract on November 3, 2023, at 15:00 (UTC). This addition to Binance's diverse offering comes with the potential for up to 50x leverage. A noteworthy aspect of this development is that Binance has yet to list the TOKEN in its spot market.
Binance's approach to the TOKENUSDT Perpetual Contract is dynamic, with certain contract specifications that may be adjusted based on market risk conditions. These conditions include the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements. 
The TOKEN, which serves as the focal point of this development, is a cryptocurrency introduced by FLOKI for its venture, TokenFi. This launch builds upon FLOKI's recent forays into the crypto space, aiming to diversify its presence and offerings.
TokenFi is a platform that reportedly simplifies and democratizes launching cryptocurrencies. The platform aims to provide an all-in-one platform that equips users with the tools and resources for successful crypto token creation. 

The launch of the TOKEN Perpetual Contract on Binance Futures is the latest milestone in TOKEN's journey. The token has already made securing listings on ByBit, MEXC, BingX, and KuCoin exchanges. 
However, the TOKEN's listing journey hasn't been entirely smooth. Bitget, a prominent exchange, recently stirred up controversy by announcing the delisting of the TokenFi TOKEN just days after it went live. 
Bitget cited reasons such as "suspected market manipulation" and "malicious control of liquidity" on decentralized exchanges (DEXs) as grounds for delisting. Bitget also raised concerns about Floki's role in providing liquidity to the token. Allegations surfaced that Floki added only $2,000 worth of tokens to liquidity pools. 
Floki, in response, took to social media platform X (formerly Twitter), asserting that Bitget had listed the token without permission. Floki further claimed that Bitget listed a fake version of TOKEN just twelve minutes before it was officially launched. Floki asserted that Bitget's actions led to a $10 million deficit as the value of TOKEN surged. 
TOKEN is trading at 0.047, up 1% in 24 hours. 
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
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