Binance Wallet introduces 'Meme Rush', a new feature for early token listings.

crypthub

3 days ago

Binance Wallet's Meme Rush Launch

Binance Wallet has introduced a new feature called "Meme Rush," providing verified users early access to meme tokens before they are listed on decentralized exchanges. This initiative is a partnership with Four.Meme and aims to offer a structured and transparent participation process for token launches. The program utilizes a three-stage lifecycle, from initial purchase of non-transferable tokens to eventual migration and public trading. Binance emphasizes the importance of conducting individual research before investing.

Meme Rush Lifecycle and Stages

The three-stage lifecycle includes the "New Stage" where tokens are purchased based on a bonding curve model, the "Finalizing Stage" with continued purchases preparing for migration, and the "Migrated Stage" where tokens become transferable and listed on a decentralized exchange. High-performing tokens may be considered for listing on Binance Alpha at Binance’s discretion. Transactions will be conducted by verified users, minimizing bot trading risks.

Binance and PayPay Alliance in Japan

Binance Japan has formed a capital and business alliance with PayPay Corporation, a Japanese cashless payment provider. PayPay has acquired a 40% equity stake in Binance Japan, allowing crypto purchases within the Binance Japan app. This partnership aims to advance digital finance in Japan and broaden access to Web3 technologies for a larger audience.