Recently, one of the fastest growing memecoins in the market celebrated selling over 10% of its new version of the currency.
Ahead of the launch of $GOLDEN on the Ethereum blockchain, the developers are offering a discount version of the token on its new blockchain.
In the short time since the announcement, the pre-sale was able to put together over 3.7 ETH. The team is offering 30 ETH at a discount before the launch on July 7. Users can buy up to 2.5 ETH each.
Taking in comparison the launch of the same token on the BNB Chain, this pre-sale could provide a worthwhile investment. After its first initial coin offering on the rival blockchain, the $GOLDEN token surged by over 500% before consolidating.
Moreover, the new asset broke through several milestones, growing its market cap threefold and entering renowned listing platforms like CoinMarketCap and CoinGecko.
Starting a New Decentralized Exchange
The pre-sale is intended to gather funds for the development of a new decentralized exchange.
By having the Golden Inu Token on multiple platforms, the project’s founder @3tc believes that $GOLDEN can become a new exchange and can become a “hub” where investors can swap tokens between ERC20 and BNB Chain in a faster and cheaper way.
This new effort continues the project’s ambitions of providing utility to the memecoin market. In its first couple of months, Golden Inu already developed two different applications, including a dashboard that allows investors to closely track the currency in real time.
On the horizon, the project aims to also develop a unique marketplace where users can trade products and services in $GOLDEN, and also a DeWork platform that will provide opportunities in the Web3 space for people looking to find new jobs.
With 2023 looking to be a great year for memecoins, the possibilities of new projects in that market to grow are becoming more evident. If these turn out to be true, the currencies that are aiming to provide more utility to the market unquestionably will prove to be the best investment in the long run.