Hey there! So it seems like there’s some exciting news about a new cryptocurrency called CHEEMS that’s been added to the KiloEx platform, which is part of the BNB Chain ecosystem. This launch comes with some pretty cool perks too – users can trade CHEEMS with up to 100x leverage! And if that wasn’t enough, there’s also a special trading competition going on exclusively for CHEEMS.
Here’s how it works: during the competition period, 30% of all transaction fees generated by trading CHEEMS on KiloEx will be used to buy back CHEEMS tokens and then airdrop them to the top 20 participants based on their transaction volume and profit/loss (PnL) rankings. Sounds pretty sweet, right?
This news follows on from earlier reports about how Cheems was chosen as one of the first projects in the Binance Alpha program. As for KiloEx itself, it’s a decentralized exchange (DEX) built on top of the BNB Chain that operates across multiple blockchains including BNB, Manta, Base, and supports a variety of institutional partners like Binance Labs, Foresight Ventures, and the Manta Foundation.
Overall, it looks like there are some interesting developments happening in the world of cryptocurrency and decentralized finance (DeFi)!
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