KEY TAKEAWAYS
- Kraken has launched trading for MemeCore (M), a new asset available on its platform.
- MemeCore is a Layer 1 blockchain supporting the Meme 2.0 movement, integrating cultural elements into an economic framework.
- Users must ensure deposits are made using Kraken-supported networks to avoid loss.
- Trading via Kraken App and Instant Buy will commence once liquidity conditions are met.
Kraken has announced that MemeCore (M) is now available for trading on its platform. The trading went live on Thursday, July 3, allowing users to engage with this new asset.
To add MemeCore to a Kraken account, users should navigate to the Funding section, select MemeCore, and proceed with the deposit. It is crucial to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.
Understanding MemeCore (M)
MemeCore is a Layer 1 blockchain designed for the Meme 2.0 movement. This movement transforms memes from internet culture into economic and governance primitives. MemeCore supports the creation and monetization of community-driven tokens, enabling users to launch, earn, and build in a decentralized environment where culture and capital intersect.
The native token, M, aims to structure the viral meme economy, turning digital expression into an on-chain ecosystem. This innovative approach allows for the integration of cultural elements into the economic framework of the blockchain.
Trading Conditions and Future Listings
Trading via the Kraken App and Instant Buy will be available once liquidity conditions are met. This means a sufficient number of buyers and sellers must be present in the market for efficient order matching. Additionally, geographic restrictions may apply to some users.
Kraken has a policy of not revealing details about future asset listings until shortly before launch. All available tokens can be found on Kraken’s platform, and future tokens will be announced on their Listings Roadmap and social media profiles. More information about the listing of MemeCore can be found here.
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