The cryptocurrency market has grown significantly in the last decade. The industry has witnessed the birth of new DeFi projects that introduce advanced features and improved technology in the ecosystem.
Memecoins stand out as community-driven cryptocurrencies and were first pioneered by Dogecoin before Shiba Inu entered the scene. Dogecoin and Shiba Inu are currently two of the largest memecoins by market cap.
However, their growth rate has slowed down, leading investors to look for other more lucrative opportunities. A new player has entered the market with the potential to overshadow these memecoins’ returns. The project is set to surge by more than 1500% after its pre-sale ends.
BinoFi mirrors Shiba Inu and Dogecoin’s success
Memecoins lack utility and are primarily driven by community engagement.The hype around Shiba Inu and Dogecoin appears to have faded causing recent sharp price declines. Investors have realized a better investment opportunity in the new hybrid exchange platform. According to experts, BinoFi is set to mirror the success of Shiba Inu and Dogecoin.
BinoFi developers have mapped out a steady price increase from the first presale phase to the last. The project features 20 presale phases with a final BINO price of $0.058 and a listing price of $0.30. Early investors can be assured a 1200% gain by the end of the last presale phase event.
BinoFi rivals memecoins like Shiba Inu and Dogecoin by providing massive utility to crypto traders and investors. The protocol has hybrid features that support DEX and CEX transactions in one platform. The project’s current presale price of $0.02 sets the bar for memecoins.
BinoFi’s token is set to match the same success as memecoin investors shift to upcoming utility projects promising massive upgrades to the DeFi ecosystem. BinoFi’s hybrid network allows seamless cross-chain swaps allowing traders to move funds from one blockchain to another .
BinoFi’s presale sells more than 20 million tokens in a few days
BinoFi has sold more than 20 million tokens in the first presale phase despite the phase being only a few days old. Experts are backing the hybrid project since its benefits to traders are unparalleled. BINO is a utility-based token native to the BinoFi exchange platform. The new ecosystem is giving investors who missed out on Shiba Inu and Dogecoin a chance to create generational wealth as the project develops into a full blown ecosystem.
BINO was listed on CoinMarketCap earlier this month marking a major milestone that cements BinoFi’s presence in crypto arena. BinoFi developers intend to list BINO tokens on centralized exchanges such as Coinbase, Crypto.com, KuCoin, and OKX as well as decentralized exchanges such as Uniswap and PancakeSwap after its presale ends.
BinoFi strives to address the limitations and inefficiencies present in decentralized and centralized trading models. Its developers will commit to transparency and accountability by upholding proof of reserves through real-time on-chain updates. New BinoFi investors have purchased over 50% of the tokens allocated for the first presale phase. Purchasing BINO is possible through the BinoFi platform.
Like centralized exchanges, BinoFi will also have its users undergo KYC verification. However, the hybrid exchange will use Zero-Knowledge (ZK) KYC technology that focuses on user privacy by allowing them to verify their identities without disclosing their personal information. BinoFi is set to create a better future for crypto traders and investors through its primary features.
Website: https://binofi.com
Whitepaper: https://whitepaper.binofi.com
Giveaway: https://giveaway.binofi.com
Telegram: https://t.me/binofilabs
Twitter: https://x.com/Binoficom
CoinMarketCap: https://coinmarketcap.com/currencies/binofi/
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