Source Article Link: https://monero.observer/basedmoney-collective-launches-monerochan-memecoin-promote-monero/
Anon group BasedMoney Collective1 has announced2 the launch of the Monerochan3 memecoin project - essentially an Ethereum ERC-20 token4 - that was seemingly created in an effort to promote Monero:
This project isn’t just another cash grab or speculative distraction. It’s a Trojan Horse, designed to bring more attention to Monero, onboard new users, and provide funding for tools that benefit the community.
Monerochan has a maximum supply of 1,337,000,0005 and its daily trading volume is currently under ~$28K on Uniswap v36.
The group is planning to launch two Monerochan NFT sets, develop a vending machine service, a privacy-friendly ETH wallet, and implement MONEROCHAN-XMR atomic swaps starting next year.
Note: this is a new project; do your own research before getting involved.
This is an ongoing story and the report will be updated when new information is available.
License: CC BY 4.0, no changes were made to the article.