NOIDA (CoinChapter.com)—That’s right! The crypto world now has yet another memecoin: the Book Of Meme (BOME). The token launched on March 14 and has already made more than 2,034% gains.
Memecoins have enjoyed an unrealistic bull run this season, fueled by the wider market sentiment and Bitcoin painting a new historical high. Many news meme crypto tokens launched in the past few weeks to ride the bullish market waves and rake in profits, often for their founders.
BOME, though, managed to snag a listing on the Binance Futures platform
Binance Lists BOME Perpetual Contract
A major boost for the memecoin came from the listing of its perpetual contract on the Binance Futures platform.
Binance announced that it would list The Book Of Memes token on March 16 at 12:30 (UTC) as a USDⓈ-M perpetual contract with the BOMEUSDT trading pair.
Moreover, the exchange would offer up to 50x leverage, while the maximum funding rate at the time of launch would be +/- 2.00%. Additionally, the Book Of Meme perpetual contract would have a funding fee payment that will occur every four hours.
Binance Futures also announced an incentive program with a 0.005% market maker transaction fee discount for approximately 14 to 15 days.
Following the token’s launch on March 14, BOME price spiked over 2,034% to reach an all-time high near $0.02 on March 16. At the time of writing, the Book Of Meme token had a self-reported total supply of $69 billion BOME tokens.
The BOME price rally might be ready for a price correction, as bears are likely to start booking profits soon.
What Is The Book Of Meme Project
The Book Of Meme is a Solana-based crypto project that claims to offer an e-magazine, a meme generator, and an NFT library. The Pepe meme creator Darkfarms developed the BOME token.
It leverages Arweave, IPFS, and Inscriptions for data management and has positioned itself as a social platform for decentralized storage spanning multiple blockchains. Moreover, the project aims to bind all meme-related content using a single NFT platform.
Since its launch, BOME has reached a market cap of more than $878.5 million, per CoinMarketCap data.
