In a significant development for Memeland, the social economy creation and investment project, Binance Labs has officially confirmed its recent funding of the platform. This announcement comes on the heels of MEME’s recognition in October 2023 as the 39th project on Binance Launchpool.
The Launchpool platform allows users to stake TUSD, FDUSD, and Binance Coin (BNB) in various pools, participating in a 30-day farming experience and earning MEME tokens as rewards.
What You Need To Know About MEMECOIN
Memeland distinguishes itself with a primary focus on developing and investing in SocialFi and creator economies. The project aims to foster connections between creators and communities through its MEME token and NFTs.
Thereby, leveraging the cultural phenomenon of internet memes. As an independent Web3 venture studio, Memeland operates under the umbrella of 9GAG, a widely popular meme platform boasting a monthly audience of 200 million users across its global channels.
We’ve invested in @memecoin (MEME), the native token of @Memeland!
Memeland focuses on building and investing in SocialFi and creator economies to connect creators and communities.
Read more👇https://t.co/LIpo30DoNL
— Binance Labs Fund (@BinanceLabs) January 4, 2024
$MEME Price Action To Watch After The Announcement
While the exact amount of Binance Labs’ investment remains undisclosed, the impact on MEME’s value has been substantial. The announcement triggered a notable price surge, with the token experiencing an impressive 17% increase. Now, reaching a daily high of $0.03. Notably, this surge contributed to a nearly 200% gain in the 24-hour trading volume.
This strategic investment by Binance Labs not only validates Memeland’s position in the crypto space but also underscores the platform’s potential for growth within the emerging landscape of SocialFi and creator-centric economies.
As Memeland continues to forge connections and build its ecosystem, the backing from Binance Labs serves as a notable catalyst propelling the project forward. Especially, in its mission to bridge the gap between creators and communities through the power of memes and blockchain technology.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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