To improve equity and avoid project name confusion, the Meme platform Four.Meme has announced the introduction of a “Token Name Protection” function. There are more than 100 token holders, and the token is in the Fair Mode bonding curve stage. This mechanism will automatically initiate protection.
The Token Name Protection
They said that Four.Meme was introducing a Token Name Protection system to make token launches fairer and prevent confusion by automatically locking duplicate or similar names and tickers in Fair Mode once a project gained traction.
They explained that when a token reached more than 100 holders during its bonding curve phase, its ticker and name would be protected for 72 hours.
The system would only check holder count during the bonding curve phase and would stop monitoring holder numbers after the token was officially launched.
However, if a token had already triggered protection during the bonding phase, that protection would remain in place for the full 72 hours even after launch.
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How it works?
They added that during the protection period, no new Fair Mode tokens could be created using the same or a similar name. The system would cross-check both Free Mode and Fair Mode to ensure Fair Mode tokens could not duplicate names from either.
Finally, they said the update was intended to keep the meme creation environment cleaner, more original, and more transparent, giving each project its own unique identity, and that they were fine-tuning the feature and inviting feedback to help shape the next evolution of Fair Mode.
Other developments
After a sharp increase in the number of eligible addresses, the team has announced a postponement of the much-anticipated Jager airdrop. The news was issued by Four.Meme, and they apologised for any difficulty given to users and expressed gratitude for the tremendous amount of involvement.
We covered in March that Four.Meme lost almost $120,000 as a result of yet another security incident. A report by SlowMist CISO 23pds claims that a leaked private transaction about liquidity addition on PancakeSwap, rather than flaws in Four.Meme’s smart contracts were the cause of the assault.
Also, Four.Meme has earlier taken over Solana’s Pump.Fun in 24-hour revenue suggests a possible shift in the memecoin launchpad market. According to data, Four.Meme produced almost $1.4 million in 24 hours, outperforming Pump.Fun’s $885,442 during the same period.
Binance CEO Changpeng Zhao recently recognised the surge by announcing the launch of “Memecoin SZN” for the BNB ecosystem.
Also Read: BNB Chain-Based Four.Meme Suffers Security Breach Of $200K As Crypto Hacks Continue