The memcoin market continues to grow, capturing more and more blockchains. The latest high-profile news was the launch of the Four.Meme platform in the BNB Chain ecosystem.
This event comes shortly after TRON announced its intention to join the meme narrative and the launch of SunPump, followed by TON , Base and several other networks. The main driver of the popularization of meme tokens in each of these cases was a convenient service for launching and trading such assets.
In this article, we will explain how Four.Meme works, how this platform differs from its competitors, and how to use it to create your own token.
What is Four.Meme?
Four.Meme is a service for launching and exchanging memecoins on the BNB Chain network. The project was launched on July 3, 2024 and was supported by the blockchain team.
Like similar services, Four.Meme allows the user to create his own meme asset. In addition, already launched assets can be traded on the platform.
The service ensures that the launch takes place without pre-selling or insider distribution between trustees. This is to prevent fraud and price manipulation by token developers.
The platform uses a pricing mechanism based on the binding curve. And when the capitalization reaches 24 BNB, the asset is transferred to the liquidity pool on the PancakeSwap decentralized exchange. It is worth noting that this amount (approximately $14,000) is significantly lower than on most similar services.
According to the analytical service Dune Analytics, at the time of writing, more than 3,000 memecoins have already been created on Four.Meme, 45 of which are available for exchange on PancakeSwap.
To attract more users, the developers launched a campaign to earn points for performing certain actions, such as following on social networks, trading on DEX, linking a wallet, staking, and others. Anyone who has created at least one memcoin on the site, or has already made several trading transactions, can participate. Accumulated points can be exchanged for USDT and partner memcoins $FOUR and $WHY.
The first campaign season will run from August 21 to October 20, 2024.
Functionality of Four.Meme
The functionality of the project includes the same features available on competing platforms, in particular, a simple process of launching memcoins, the use of a binding curve and a trading terminal with built-in chat. In addition, it is planned to integrate other functions, which we will talk about later.
Creating memcoins: step-by-step instructions
The process of launching a meme token on Four.Meme is similar to most competing platforms and requires the following steps:
- Connect the wallet on the service website . The platform supports most popular solutions including MetaMask and BinanceWallet.
- Click the Create Token button and enter the information about the token. Optionally, you can add links to social networks, as well as set a purchase limit per user and the start date of the auction.
After that, you need to pay the standard startup fee and the token will be placed on the platform.
Tools to promote memcoins on the platform
The project team plans to add a premium listing, which provides for the possibility of placing the token on the main page of the site in a special advertising block for an additional fee.
For promotion, it is also important to create project pages in social networks such as Telegram and X, and to attract a new audience with their help. Additionally, developers can communicate with the community through Four.Meme’s built-in forum.
In addition, you can launch a site to present a detailed description of memcoin, asset features, roadmap and possibly related products.
Examples of successful projects
Among the memecoins launched on Four.Meme, the following can be distinguished:
- CZPEPE (CZPEPE) . Combines the Pepe meme and the figure of Binance founder Changpeng Zhao;
- Binancedog (BINANCEDOG) . The market capitalization at the time of writing is about $3 million;
- Simon’s Cat (CAT) . Available for trading on more than 10 exchanges at the time of writing.
However, alongside them there are thousands of tokens that have not gained recognition in the community and have led to financial losses for investors. Therefore, even taking into account the successful cases, one should not forget about the risks of this market segment.
How to start trading on the platform?
We have already covered how to create your own memcoin above, however users can also trade already launched tokens. For this you need:
- Connect the wallet on the platform’s website as shown above.
- Select a digital asset to buy. Tokens can be filtered by listing date, trading volume, and total capitalization. Separately selected projects that are already traded on PancakeSwap.
- Go to the asset page, where you can specify the purchase or sale amount and confirm the transaction.
After completing the application, the corresponding number of purchased or received tokens will be credited to your wallet.
Pros and cons of Four.Meme
The main advantages offered by the service include the following:
- easy creation of memcoins . It is only necessary to specify the basic data of the asset, such as name, symbol, image, description and pay a fixed fee;
- prevention of fraudulent actions by developers due to the absence of mechanisms for pre-allocation of the asset and removal of liquidity from the pool;
- the use of a binding curve , which automatically adjusts the value of the asset depending on supply and demand, which makes pricing more transparent;
- a convenient and understandable trading interface gives the trader the opportunity to follow the movement of the price of the asset, enter into buy-sell agreements and view historical data;
- a built-in forum on the memcoin page that allows community members as well as developers to communicate in a public space.
However, it is worth remembering that, like similar decentralized applications, Four.Meme is vulnerable to hacker attacks, which can potentially lead to the loss of users’ assets. Despite the lack of complaints from traders or developers, it is unknown at the time of writing if Four.Meme has conducted a security audit and what the results were.
Commissions and future development plans
The platform charges a flat fee of ~0.005 BNB to launch memcoin. In addition, a trading fee for the exchange of assets is paid in the amount of 0.5% of the transaction amount, but not less than 0.001 BNB.
As for development, the Four.Meme team immediately after the start of the service announced new functions that should appear in the near future. In particular, there are plans to introduce the already mentioned premium launch, referral system, integration of trading bots, advanced sorting of tokens according to various aspects and other features that will allow the platform to stand out from competitors.
Conclusions
The appearance of Four.Meme confirms the crypto community’s interest in the memecoin segment and its spread to a growing number of ecosystems, which BNB Chain has joined.
The platform offers a convenient and easy interface for launching and trading memcoins, in general, identical to competing services. However, Four.Meme stands out from other platforms with an active team that has already announced the launch of additional features and launched a points-based user acquisition campaign.
