Education
All you need to know about Four.meme; A deep dive
The meme market has experienced a remarkable resurgence over the past nine months, mirroring the significant movements observed between Q4 2021 and Q1 2022. This renewed interest has propelled the market cap to exceed $70 billion in January 2024, a substantial recovery from its dip below $20 billion between January 2022 and December 2023. This incredible growth underscores the increasing popularity and investment in meme-based assets.
In response to this heightened interest, several products have emerged to facilitate and enhance meme creation across various blockchain platforms, including Solana, Tron, and TON. Notably, Pump.fun was launched on the Solana network, quickly followed by the introduction of sunpump.meme on the Tron blockchain.
Just a few days ago, a new player entered the scene: four.meme on the BNB Chain. This latest addition aims to capitalize on the burgeoning meme market and offers unique features tailored to the BNB ecosystem. As the meme market continues to evolve and expand, platforms like four.meme are set to play a crucial role in driving further innovation and engagement within the community. But don’t you want to know more about four.meme? Let’s go!
What is Four.meme
Four.meme is a BNB Chain-based platform that allows users to create and launch their meme coins easily. The platform focuses on offering a fair launch mechanism, meaning there are no pre-sales, seed rounds, or team allocations, which ensures that all participants have equal opportunities from the start.
The platform is community-driven, enabling creators to garner support directly through the platform and community social pages. This setup promotes a collaborative environment where new meme coins can quickly gain traction.
How does it work
For creators:
- Connect your wallet with enough BNB
- Click on Create Token
- Upload the image you want to use to represent the project – a logo.
- Enter the name of the token like Wow me now
- Add the sticker
- Input the description. This can be a story around which the memecoin is built.
- There is an optional requirement to add a website, Twitter handle, and Telegram community links.
While these are not compulsory, it’s safe to say that they give memecoin projects more credibility. Despite the decentralized nature of memecoins, traders have more trust in projects with a website, Twitter, and Telegram account.
- As a creator, you are also required to know the time for the launch of the project when traders can buy, and the maximum amount of the token each user can buy.
Starting a project on Four.meme costs nothing. The only fee is a transaction fee of around 0.005 BNB. After that, the memecoin will go live, and all users on Four.meme can see and join in.
When a project hits 100% of the bonding curve (about 24 BNB), Four.meme will begin the seeding process. This means Four.meme will create a liquidity pool on PancakeSwap, paired with 24 BNB.
For traders:
With access to the internet, any user can visit the Four.meme platform to buy and sell memecoins created.
- Connect your wallet with enough BNB
- Search and select the memecoin you wish to buy. There are hundreds of memecoins to buy on Four.meme.
- Select how much of the token you wish to buy or sell if you’ve bought it before.
After choosing the project, traders can see the information about the token such as the amount of tokens bought, amount of tokens left, amount of traders that have bought the token, the percentage each holder has, and social media handles.
In other news, BNB Chain launches a cross-chain bridge for better connectivity in collaboratio with three others.
There is also the chart portion of each project where traders can see the market cap, live trading chart, and the wallet of the creator of the project.
- Initiate the transaction and sign it from your connected wallet to pay for the value of memecoin you are getting plus 0.5% fee.
Airdrop Portal
On the airdrop portal, Four.meme rewards users with points for their activities on the platform. This most likely means that there is a tendency for Four.meme to release a primary token like other platforms do where points are converted to rewards in the token of the project or another token selected by the project.
The leaderboard shows who has the highest points and every other participant who uses the platform.
Referral
There is also the referral link where users can invite others to be part of Four.meme.
Competition
The Competition portal is designed to host a series of competitions for projects that the BNB Chain team deems fit. Currently, the Four.meme Oscars Competition is ongoing. It’s expected to last from August 14 to September 13, 2024.
Several rewards will be given to the projects that qualify for the competition. The Four.meme team has also listed a few requirements for projects that are interesting.
Team members, partners, and future plans
Four.meme is designed by the decentralized BNB Chain team made up of several developers and contributors of BNB Smart Chain (BSC), opBNB, and Greenfield.
Based on information from the website, Four.meme has partnered with Pancakeswap, Trust Wallet, Gate Web3, Binance Web3 wallet, TokenPocket wallet, and Safepal.
In its plans, Four.meme plans to integrate various trading tools, including AI-powered market analysis services, to help users make informed investment decisions.
The platform aims to become a central hub for innovation in the meme coin space. It’s also important to note that digital assets, especially memecoins, are highly speculative and involve a significant risk of loss.
The value of meme coins is extremely volatile, and anyone who wishes to trade in any meme coin should be prepared for the possibility of losing their entire investment.
