100xCoin: From Memecoin To BSC’s DeFi Hub
To say the cryptocurrency bull market is in full swing would be somewhat of an understatement. The average cryptocurrency gained a whopping 696% in the last year alone, while some coins have gone much further, including Shiba Inu (SHIB) and Kishu Inu (KISHU) — which pulled in 874% and 3766% alone in the last two weeks.
But while meme coins have gone on to generate considerable hype and sizable communities, few take that extra step. They evolve into viable products with real utility and long-term prospects. That is until 100xCoin came along.
Like the vast majority of meme coins, 100xCoin started out with essentially zero utility. Still, it gained massive traction due to the charisma of its founder — blockchain entrepreneur and YouTube influencer Ken Llamas (Ken the Crypto).
But there was one critical difference. 100xCoin was built with extremely sound tokenomics from the start, with 1.5% of the supply reserved for marketing and development and a staggering 3% burn per transaction — helping to incentivize holding and deflate the supply. It also reserved exactly 0% of the supply for the team and founders making it rug-proof — a critical feature for meme coins. These tokenomics have helped 100xCoin grow to become one of the most widely distributed tokens on Binance Smart Chain — with over 56,000 holders and counting.
Despite its humble beginnings as a simple meme coin, 100xCoin is rapidly developing into the first hub for decentralized finance (DeFi) on Binance Smart Chain — helping to become an intuitive on-ramp to an ecosystem of products previously available only to insiders and early adopters.
It now consists of a range of upcoming products, each designed to democratize access to opportunities on the Binance Smart Chain and make DeFi accessible to all.
These include 100xAltbase, an industry-first mobile on-ramp to the BSC industry, allowing users to purchase a range of top BEP-20 tokens using their debit or credit card. On top of this, 100xCoin is set to launch 100xRocket, a DeFi launchpad for BSC projects designed to give 100xCoin holders access to the next wave of highly sought-after projects at the lowest possible prices before they potentially go parabolic.
Beyond this, the first announced use case for 100xCoin is 100xCollabos, an NFT staking platform that will feature drops for some of the rarest NFTs on Binance Smart Chain — including a sponsored drop for NFT long snapper Zach Wood (the world’s first athlete-endorsed NFT on BSC).
NFT staking and the first edition drops for 100xCoin’s early adoption partners are expected to launch in early June at the latest.
Thanks to its sizable marketing and development budget, 100xCoin intends to hit the ground running over the coming months and grow into the first truly community-centric $7 billion cryptocurrencies by the end of this bull run. Given that it’s already achieved an $80 million market cap, secured collaborations with a platoon of major influencers (Suppoman anyone?), and gathered an army of loyal believers behind it, 100xCoin is already well on its way to significant market impact.