Binance Wallet has released Meme Rush, a dedicated platform that lets users participate in meme coin projects at various stages. The platform is integrated with meme coin launchpad Four.Meme.
Summary
- Binance Wallet has partnered with BNB meme coin launchpad Four.Meme to launch a dedicated meme coin platform for newly established and high-performing meme coins backed by BNB.
- The platform will offer non-custodial wallet users direct exposure to meme coin projects circulating on Four.Meme and give projects a chance to migrate to DEX trading.
As meme coin season starts to shake up the BNB Chain ecosystem, Binance Wallet has taken the opportunity to launch a meme coin platform called Meme Rush. Partnering with BNB meme coin launchpad Four.Meme, the platform is designed to provide more exposure for non-custodial wallet users to discover and actively participate in the meme coin hype sweeping the chain.
Meme Rush is described as a feature that provides access to various meme coin projects launched on Four.Meme. The platform allows verified users to discover early stage meme coins up to tokens that are in the final stages.
Each project can be categorized into different stages depending on set conditions placed by the platform, measured using a bonding curve model followed by a chance to migrate the token to decentralized exchange trading.
Users on Meme Rush will be able to earn 4x trading volume on all featured tokens during the Meme Rush stages. This volume boost will still be available for 30 days after the token gets featured on Binance Alpha if it does get considered for the upgrade.
Users can open Meme Rush through the Binance Wallet app and toggling the Binance Exclusive button on the platform. After clicking Meme Rush, users will immediately see the feature displayed on the interface. Meme Rush’s main page features a ranking system that lets users track each token’s performance and which performance stage they are at.
Lately, the Binance ecosystem has witnessed an uprising in the number of BNB (BNB) Chain meme coins being traded on-chain. Just a day prior, Four.Meme dethroned Solana (SOL) meme coin launchpad pump.fun as the largest meme coin platform based on 24-hour revenue.
According to data from DeFi Llama, Four.Meme has generated $1.4 million in revenue over the past day. The amount of revenue generated on Four.Meme is almost triple compared to that of Pump.fun (PUMP), which stands at $576 million. Meanwhile, third place is occupied by another BNB-based launchpad, Binance Alpha, which has generated $99,334.
Binance Wallet’s three meme coin stages
According to the official notice, meme coin projects can advance through three stages of growth which will be measured through the bonding curve model. The first stage is dubbed the New Stage. Tokens that are in the New Stage are non-transferable and all transactions are supported through a virtual liquidity pool.
Trading for early stage tokens are limited only between Binance Wallet keyless users.
The second stage is the Finalizing Stage, where tokens prepare to migrate to DEX trading. Just like in the first stage, tokens in the finalizing stage are still non-transferable and are supported by a virtual liquidity pool. Users will still be able to participate in token trading, but only amongst fellow keyless Binance Wallet users.
The final stage is the Migrated Stage, which signifies the last milestone tokens have to reach in order to be considered for a Binance Alpha launch. To enter this stage, tokens must have a minimum of $1 million Fully Diluted Valuation upon launch; though this threshold could be adjusted overtime.
At this stage, token trading is open to Binance Wallet users as well as non-users. Migrated Stage tokens will see all their liquidity transferred to decentralized exchanges, thus becoming fully transferable. These tokens will also appear on the Binance Wallet Migrated Tokens Ranking.
In addition, high-performing meme coins will stand a chance to be listed on Binance Alpha after passing an evaluation phase.
