Binance has announced that CoCo Coin (COCO) is the winner of the third phase of its “Meme Heroes” support program. This initiative aims to empower promising meme projects within the BNB Chain ecosystem, and CoCo Coin will receive a substantial backing of $900,000 in liquidity pool (LP) support to fuel its growth and development.
CoCo Coin As Binance’s Meme Heroes Phase 3 Winner
The innovative meme coin CoCo Coin was created with a focus on community involvement and runs on the BNB Smart Chain (BSC), the blog announcement said.
CoCo Coin provides a distinctive user experience that not only rewards participation but also fosters a lively and engaged community by utilising SocialFi methods and targeted airdrops.
Motivated by the well-known PEPE Frog meme, COCO seeks to foster social interaction and humour among its varied user base to increase accessibility and enjoyment of cryptocurrencies for all.
The “Meme Heroes” program was developed to support meme initiatives by increasing trade stability, promoting growth, and supplying essential liquidity. BNB Chain developed a number of strict selection standards throughout this most recent phase to guarantee that only the most dedicated and promising enterprises were supported.
A minimum of one year’s lockdown of 100% of the LP’s liquidity was required, along with 10% of the token supply going to the LP, a guarantee that the top 10 externally owned accounts (EOAs) hold less than 10% of the total supply collectively, and either a security audit or token source code verification on BscScan.
Binance’s Commitment Towards the Memecoin Ecosystem
Binance noted that CoCo Coin won because it demonstrated both its dedication to these standards and its creative use of memes to foster community building.
Memecoins are becoming increasingly important for introducing newbies to the cryptocurrency sector, as acknowledged by BNB Chain. Through the utilisation of their widespread appeal, these initiatives act as a conduit for the wider adoption of Web3.
The “Meme Heroes” campaign complements Binance’s goal of bringing the next billion Web3 users online. Binance hopes to create the next wave of prosperous memecoins and encourage widespread adoption of Web3 technologies by supporting meme projects with genuine utility and promise.
The fact that CoCo Coin is acknowledged as a major participant in this endeavour is indicative of its commitment to community development, growth, and security, and it places the company in a prominent position to contribute to the growing memecoin market inside the BNB Chain ecosystem.