The investment arm and incubator of the cryptocurrency exchange Binance, Binance Labs, has invested in the Memecoin (MEME) token. According to an announcement on January 4, Binance Labs revealed that it has invested in the naive ecosystem token of Memeland, a project focused on creating and investing in the social economy. Binance Launchpool is a platform that allows users to stake their Binance Coin (BNB), TUSD, and FDUSD in distinct pools for a 30-day farming adventure, earning MEME tokens as rewards. On October 28, 2023, Binance officially announced this initiative, providing crypto enthusiasts with the opportunity to participate in the Launchpool and earn MEME token rewards.
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