ChatGPT’s security audit shows major centralization flaws in the Tomwifhat (TWIF) — a memecoin on the BNB Smart Chain (BSC) and Ethereum smart contract. With the rise of dogwifhat (WIF) in late December 2023, the number of fraudulent memecoins with the hat theme has also increased. According to the ChatGPT analysis, the owner of the TWIF smart contract used...
a16z crypto’s CTO, Eddy Lazzarin, warns that memecoins are reshaping perceptions of the market, likening their resemblance to a risky casino. Memecoins are more akin to a “risky casino” than to a useful product, as they badly affect the crypto market by making a series of “false promises,” according to a16z crypto’s CTO, Eddy Lazzarin, who shared his thoughts...
The Avalanche Foundation kicked off phase one of Memecoin Rush, a $1 million liquidity mining incentive program to catalyze the community coin ecosystem on the Avalanche (AVAX) blockchain. This initiative, announced in a blog post, will begin with SteakHut and Trader Joe — two prominent platforms native to Avalanche — to incentivize trading and provide liquidity for selected community tokens....
