press release
PRESS RELEASE. There are more than 300 crypto-exchanges nowadays, almost all of them offer the same mediocre features that are identical to the leading exchanges such as Binance. MemeBank is not a lazy copy of the successors but an ambitious project that aims to drive revolutionary changes. According to its official announcement, MemeBank($MBK) will soon be listed at Pancakeswap on June 7th, 2022.
The development team defines the project as a centralized exchange that solely focuses on the listing and trading of memecoins, tokens with high growth potential and strong appeals among young adults. The famous resemblance is Dogecoin, which was a lazy copy of Bitcoin originally designed to be used for paying restaurant tips. The price of the token skyrocketed by 500x in only two years. However, behind the success of Dogecoin are many memecoins that got left behind. On average, there are 20-30 new blockchain project launches per day and most of them will die out because of the lack of follower-base and early marketing. To help increase projects’ survivabilities, MemeBank introduces a vote-to-list solution that effectively facilitates public acceptance of projects. MemeBank is a CEX that charges no listing fees, instead, projects only need to raise a sufficient amount of upvotes in order to be 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. The team since the beginning has aligned their interests closely with those of the users. Its tokenomics demonstrates a set of Web3 traits including the management of trading fees. Most CEXs do not list memecoins and startup projects, whereas DEXs usually charge a higher trading fee. MemeBank integrates the advantages of both into one, a CEX that offers memecoin trading while charging considerably lower trading fees. Not only that, the exchange circulates…
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