BNB Chain to reward meme coin issuers with prizes up to $1m

For several months now, meme coins have been attracting more and more attention from the cryptocurrency community. Recently, Arthur Hayes, co-founder of the cryptocurrency exchange BitMEX, said that meme tokens could serve well for the blockchains on which they are launched.

As for Ethereum co-founder Vitalik Buterin, he declared a lack of interest in meme coins. Buterin asked developers to create tokens to benefit society or use them for charity.

Analysts from the investment company Franklin Templeton also presented their report on meme coins. Experts noted the strong relationship of such coins with native blockchains and their impact on activity within the network.

Despite the ambiguity of the positions of opinion leaders, news about successful transactions involving the mentioned category of assets has repeatedly appeared in the community. With the new coins, traders continue to turn a few dollars into hundreds of thousands.