Press Release
PRESS RELEASE. Today, there are over 300 cryptocurrency-exchanges. Nearly all offer the same basic features as the top exchanges like Binance. MemeBank, while not being a lazy replica of their predecessors is an ambitious project with the goal to make revolutionary shifts. Officially, MemeBank ($MBK) will be available at Pancakeswap starting June 7, 2022.
According to the development team, the project is a central exchange that focuses exclusively on trading and listing memecoins. These tokens have high growth potential and are popular among young people. Dogecoin is the most famous example of this resemblance. This was originally a lazy version of Bitcoin that was intended to pay restaurant tipping. In just two years, the price of this token soared by 500x. Dogecoin is not alone in its success. There are other memecoins out there that have been left behind. Each day, 20-30 blockchain projects are launched. However, most will soon die due to a lack of followers and marketing. To help increase projects’ survivabilities, MemeBank introduces a vote-to-list solution that effectively facilitates public acceptance of projects. MemeBank, a CEX, does not charge listing fees. Instead, the projects need to get enough upvotes to become listed.
As Alec Rubal, one of the MemeBank co-founders pointed out, “An exchange can’t make money when its users can’t profit from it.” MemeBank is not only startup-friendly but starter-friendly. From the start, the team aligned closely with users’ interests. Tokenomics is a demonstration of a range of Web3 characteristics, such as the management and payment of trading fees. While most CEXs don’t list startup projects or memecoins, DEXs charge higher trading fees. MemeBank combines the best of both CEXs and DEXs into one CEX, offering memecoin trading at a significantly lower fee. The exchange returns 100 percent of trading fees back to its community. It pays dividends for $MBK holders and rewards users for referring others. Tokenomics is a sign of MemeBank’s sustainable growth.
The upcoming MemeBank features are even more exciting. These features have not been seen elsewhere in the sector. MemeBank’s development revealed that MemeBank will also be focused on the gamification, socialization, and trading of cryptocurrency. It seems almost like GameFi reverse-engineered. MemeBank will first introduce a PVP contest where users can wager on the monthly rate of return and the future price of particular tokens. Both participants must submit their bet amount to the exchange before the competition begins. MemeBank will determine the winner after the competition ends and award the prize accordingly. Users will be ranked based upon their PVP win-rate. A leaderboard is created. The privileges that users with higher wins rate are given include official NFTs as well as a highlight name-tag.
MemeBank also plans to launch the tribal system. This works in the same way as a mutual fund that is spontaneously organized. MemeBank users can start their own tribes. Others can subscribe to the tribal treasurey and pay a monthly fee to be added to the tribe. As a portfolio manager, the tribe founder invests tribal treasury funds into various projects. A leaderboard will rank the tribes based on both their annualized net return and how large is tribal treasury. If there’s strong interest, users can see the amount the tribe founder contributed to the fund.
In order to socialize, each project on MemeBank offers a dedicated live-chat, where people can exchange memes, thoughts, and analysis about the project. In order to make sure the most vocal investors get the chance, those with higher win-rates will be granted priority speaking privilege and message pinning. Project leaders can update project news and development at live chat. MemeBank can now be a single-stop solution for both investing and socializing.
Only those blockchain projects that have a dedicated team of developers can succeed. MemeBank will be the next big star in crypto-exchange after Binance.
Contact Media
MemeBank
Contact: Alec Rubal
E-mail: [email protected]
Website: www.memebank.com
Source: MemeBank
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