According to BlockBeats, Cheems, a ZKsync Era ecosystem meme project, announced on social media on June 17th that it has closed the old contract token for a new one and has relinquished all rights to the token contract. Additionally, the liquidity has been locked.
Cheems is a meme project within the ZKsync Era ecosystem. It was launched with 100% fairness, and its total on-chain transaction volume temporarily ranks first among the native project tokens in the zkSync Era. The project has made significant strides in its operations, with the recent closure of the old contract token and the launch of a new one being the latest development.
The decision to abandon all rights to the token contract is a significant move for the project. This step indicates a commitment to transparency and fairness, as it prevents the project's developers from manipulating the token's supply or value. The locking of liquidity is another crucial step that ensures the stability of the token's value and protects investors.
These developments highlight the project's commitment to maintaining a fair and transparent ecosystem. The ZKsync Era ecosystem, in which Cheems operates, is known for its innovative projects and the high volume of transactions it handles. Cheems' position as the top-ranked project in terms of on-chain transaction volume underscores its popularity and success within this ecosystem.