Recently, a series of actions by Binance Exchange have once again demonstrated its emphasis on and efficient management of community voices. In particular, the launch of two projects, Neiro and NEIRO, have not only brought new vitality to the Meme coin field, but also aroused widespread attention and discussion in the market.
1. Event Review
Neiro and NEIRO both landed on Binance at the same time, which is indeed a rare "grand occasion" in the Meme coin track. Binance chose to launch the capitalized NEIRO contract first, and the lowercase Neiro spot contract later.
On September 6, Binance released an official announcement, saying that "Binance Futures will launch NEIROETH 1-75x USDT perpetual contracts." As soon as the news came out, the market responded quickly - the price of NEIRO quickly broke through $0.16, with a 24-hour increase of up to 139.25%, and once broke through $0.2 in the following days.
However, before NEIRO went online, the NEIRO token was bombarded by many X platform users, who claimed that the "conspiracy group" behind it had distributed tokens to multiple addresses earlier and gradually sold them, and then washed the market for 2 months; and before the Binance contract was launched, NEIRO also had a small increase, which led some people to question whether there might be "rat warehouse" behavior.
While the market was focusing on the controversy over capitalized NEIRO, Binance issued another announcement on September 16, announcing that it would list First Neiro on Ethereum (lowercase Neiro), Turbo (TURBO) and Baby Doge Coin (1 MBABYDOGE). Due to the similarity of the token IDs in the announcement, it caused a lot of confusion in the early stages, but Binance quickly clarified and made it clear that lowercase Neiro was the focus of this launch. This reversal not only refocused the market, but also aroused strong resonance among community members.
With the official launch of lowercase Neiro spot and contract on Binance, the market value of the project has achieved a qualitative leap in a short period of time, soaring from 20 million US dollars to over 120 million US dollars, demonstrating the huge potential of community power. At the same time, uppercase NEIRO was ignored by the market, with the price plummeting by more than 50%, and finally stabilized at around 0.076 US dollars. This sharp contrast not only reflects the market's enthusiastic response to projects that truly meet community expectations, but also reveals that investors attach great importance to transparency and fairness.
After successfully promoting the launch of lowercase Neiro, Binance further increased its support for the project. Through a series of announcements, it announced that Neiro, TURBO and BABYDOGE will be launched in multiple areas such as earning coins, flash exchange and leveraged trading, and these tokens will be added as loanable assets for pledged borrowing. This series of measures not only improves the market liquidity and availability of the project, but also further consolidates Binance's leading position in the Meme coin field.
At present, the storm ended with Binance relying on the power of the crypto community to successfully overcome the doubts of "rat trading" and "conspiracy group". It once again proves that in the cryptocurrency market, the voice and consensus of the community are important forces to promote project development and market progress.
2. Binance turns, the second half of the Meme coin track is coming, and the decentralized trading platform for memes is launched
Neiro and NEIRO are listed on Binance together: The "king battle" has ended, and the Meme coin track has continued to develop. In some ways, the second half of the Meme coin track may have arrived, especially with the strong support of Binance. In 2020, Binance Labs announced that it had led the investment in the DeFi project DODO, a decentralized trading platform based on the active market maker algorithm. $DODO Based on the new protocol, the protocol uses the active market maker (PMM) algorithm to provide pure on-chain and contract-fulfilling liquidity to everyone. DODO Exchange is a decentralized trading platform with high capital operation efficiency and low latency, which can realize flexible on-chain market making strategies.
🌹What are DODO’s product features and unique use cases?
1. DODO X: DODO X is a super aggregator and a cross-chain trading platform. DODO X is committed to providing the ultimate trading experience, including not only the best price, but also a high on-chain success rate, smooth user experience and convenient operation.
2. Liquidity Pool: DODO liquidity pool not only allows users to provide liquidity for any pool, but also allows users to create multiple types of pools based on different assets and needs, such as the Pegged Pool designed specifically for stablecoins and LRT assets, ensuring efficient and stable liquidity management, and the Private Pool designed specifically for market makers, which provides a more personalized liquidity environment and allows more control over trading strategies and parameters.
3. Mining: DODO mining not only provides more income for LP, but also allows autonomous mining, that is, anyone can create their own mining activities for any pool on DODO, and support the provision of any token as a reward.
4. Crowdfunding pool building: Crowdfunding pool building is a novel method of token distribution and market launch, which allows anyone to raise funds and distribute tokens for their own tokens and ensure that new tokens have immediate liquidity.
5. Create tokens: This feature gives anyone the ability to create their own tokens without development and coding, and enables one-click token issuance on more than 16 main networks.
🌹The Meme sector has exploded. Will DODO’s multi-chain one-click coin issuance function and the upcoming Meme platform bring a surge in traffic?
DODO's multi-chain one-click coin issuance function is revolutionary. It greatly simplifies the issuance process of Meme coins, allowing creative and potential projects to easily cross technical barriers and quickly reach the market. This function not only accelerates the cross-chain circulation of tokens and broadens the range of choices for investors, but also through its anchor pool and autonomous mining mechanisms, it builds a solid foundation for the stability and liquidity of BTCFi assets and Meme coins. The anchor pool mechanism locks stable assets through smart contracts, provides a value anchor for high-risk assets such as Meme coins, and effectively alleviates the uncertainty caused by market fluctuations; while autonomous mining stimulates users' enthusiasm for participation, and rewards are obtained through transactions and liquidity provision, further enhancing the vitality and interactivity of the market.
🌹What kind of support can the various functions on DODO, such as anchor pool, one-click coin issuance, autonomous mining, etc., bring to the development of BTCFi assets and Meme coins?
1. Anchor pool: This mechanism cleverly uses smart contract technology to lock a certain amount of stablecoins or other low-volatility assets as the "value anchor" of high-risk assets such as Meme coins. This effectively alleviates the impact of market volatility on investor confidence, provides a relatively stable value reference point for the Meme coin market, and promotes the healthy and orderly development of the market.
2. One-click coin issuance: This function greatly simplifies the complex process of token issuance, allowing creative projects and emerging Meme coins to enter the market quickly and conveniently. This not only reduces the technical threshold and cost of coin issuance, but also accelerates market innovation, injecting more fresh blood and vitality into the BTCFi asset and Meme coin fields.
3. Autonomous mining: By encouraging users to participate in transactions and provide liquidity to obtain rewards, the autonomous mining function has greatly improved the market activity and user participation enthusiasm. This mechanism encourages the positive behavior of market participants, promotes the improvement of market liquidity, and provides a more convenient and efficient channel for the transaction of BTCFi assets and Meme coins. At the same time, it also enhances the market's self-regulation ability and helps maintain the stability and healthy development of the market.
🌹Compared with other DEXs, will DODO's lower market value and support from top institutions bring greater room for imagination to the market?
Driven by its low market value and the support of top institutions, DODO will continue to explore and make breakthroughs, contributing to the prosperity and development of BTCFi assets and Meme coins. As the Meme sector continues to heat up, DODO is expected to become a bridge connecting creative projects and investors, leading the cryptocurrency market to a new stage of development.
